Best SBA 7(a) lenders for other grocery and related products merchant wholesalers
The top SBA 7(a) lenders for other grocery and related products merchant wholesalers (NAICS 424490) are TD Bank, National Association, The Huntington National Bank, Newtek Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 800 loans totaling $394.3M to businesses in this industry. Average loan size: $493K. Average rate: 9.03%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.47%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 112 | $25.0M | $223K | 10.09% | 4.76% |
| 2 | The Huntington National Bank | 74 | $26.8M | $362K | 8.19% | 0.00% |
| 3 | Newtek Bank, National Association | 57 | $22.1M | $388K | 11.40% | 0.00% |
| 4 | U.S. Bank, National Association | 43 | $3.6M | $83K | 8.54% | 0.00% |
| 5 | JPMorgan Chase Bank, National Association | 39 | $9.3M | $238K | 10.00% | 5.26% |
| 6 | Manufacturers and Traders Trust Company | 34 | $5.1M | $151K | 10.08% | 10.00% |
| 7 | Wells Fargo Bank National Association | 29 | $5.9M | $204K | 9.61% | 5.26% |
| 8 | BayFirst National Bank | 25 | $3.5M | $141K | 11.87% | 0.00% |
| 9 | Bank of America, National Association | 22 | $7.5M | $340K | 7.44% | 0.00% |
| 10 | Northeast Bank | 20 | $3.6M | $178K | 10.90% | — |
| 11 | Lendistry SBLC, LLC | 14 | $2.5M | $179K | 12.34% | — |
| 12 | Cadence Bank | 12 | $8.4M | $696K | 7.33% | 0.00% |
| 13 | Newtek Small Business Finance, Inc. | 11 | $6.9M | $628K | 7.89% | 0.00% |
| 14 | Celtic Bank Corporation | 8 | $6.3M | $786K | 8.47% | 20.00% |
| 15 | CDC Small Business Finance Corp. | 7 | $887K | $127K | 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 424490. Charge-off rates are calculated on the FY2020–FY2023 cohort only.