Best SBA 7(a) lenders for packaged frozen food merchant wholesalers
The top SBA 7(a) lenders for packaged frozen food merchant wholesalers (NAICS 424420) are TD Bank, National Association, JPMorgan Chase Bank, National Association, Manufacturers and Traders Trust Company, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 103 loans totaling $56.8M to businesses in this industry. Average loan size: $552K. Average rate: 8.88%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.54%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 19 | $9.3M | $489K | 7.83% | 0.00% |
| 2 | JPMorgan Chase Bank, National Association | 8 | $1.4M | $179K | 9.91% | 0.00% |
| 3 | Manufacturers and Traders Trust Company | 7 | $665K | $95K | 11.00% | 25.00% |
| 4 | Northeast Bank | 5 | $1.1M | $229K | 11.50% | — |
| 5 | U.S. Bank, National Association | 5 | $796K | $159K | 8.14% | 0.00% |
| 6 | The Huntington National Bank | 5 | $6.4M | $1.3M | 8.20% | 0.00% |
| 7 | Banco Popular de Puerto Rico | 4 | $420K | $105K | 9.31% | 0.00% |
| 8 | Fulton Bank, National Association | 4 | $2.6M | $643K | 6.69% | 0.00% |
| 9 | Newtek Bank, National Association | 4 | $1.4M | $363K | 11.56% | — |
| 10 | CalPrivate Bank | 3 | $5.8M | $1.9M | 4.92% | 0.00% |
| 11 | Needham Bank | 2 | $350K | $175K | 7.63% | 0.00% |
| 12 | Bank of Hope | 2 | $350K | $175K | 11.13% | 0.00% |
| 13 | BankUnited, National Association | 2 | $1.3M | $654K | 9.25% | — |
| 14 | Sunrise Banks National Association | 2 | $96K | $48K | 6.25% | 0.00% |
| 15 | Meridian Bank | 2 | $2.7M | $1.4M | 10.75% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424420. Charge-off rates are calculated on the FY2020–FY2023 cohort only.