Best SBA 7(a) lenders for fresh fruit and vegetable merchant wholesalers
The top SBA 7(a) lenders for fresh fruit and vegetable merchant wholesalers (NAICS 424480) are TD Bank, National Association, JPMorgan Chase Bank, National Association, Newtek Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 185 loans totaling $126.7M to businesses in this industry. Average loan size: $685K. Average rate: 9.31%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.98%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 27 | $4.5M | $166K | 9.51% | 9.52% |
| 2 | JPMorgan Chase Bank, National Association | 15 | $3.8M | $256K | 11.14% | 0.00% |
| 3 | Newtek Bank, National Association | 14 | $15.7M | $1.1M | 11.48% | — |
| 4 | U.S. Bank, National Association | 12 | $5.8M | $485K | 6.68% | 0.00% |
| 5 | Bank of America, National Association | 10 | $2.8M | $283K | 8.04% | 0.00% |
| 6 | BayFirst National Bank | 9 | $1.6M | $183K | 11.69% | 0.00% |
| 7 | Manufacturers and Traders Trust Company | 7 | $550K | $79K | 11.32% | 0.00% |
| 8 | Wells Fargo Bank National Association | 7 | $987K | $141K | 10.72% | 0.00% |
| 9 | Bank of Hope | 6 | $1.3M | $224K | 9.38% | 0.00% |
| 10 | Live Oak Banking Company | 5 | $11.2M | $2.2M | 7.09% | 0.00% |
| 11 | Northeast Bank | 5 | $750K | $150K | 10.85% | — |
| 12 | The Huntington National Bank | 5 | $3.3M | $660K | 8.25% | 0.00% |
| 13 | KeyBank National Association | 4 | $470K | $118K | 7.31% | 0.00% |
| 14 | Lendistry SBLC, LLC | 4 | $1.4M | $351K | 11.75% | — |
| 15 | PNC Bank, National Association | 3 | $540K | $180K | 10.20% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424480. Charge-off rates are calculated on the FY2020–FY2023 cohort only.