Best SBA 7(a) lenders for petroleum and petroleum products merchant wholesalers (except bulk sta
The top SBA 7(a) lenders for petroleum and petroleum products merchant wholesalers (except bulk sta (NAICS 424720) are TD Bank, National Association, The Huntington National Bank, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 88 loans totaling $69.7M to businesses in this industry. Average loan size: $792K. Average rate: 7.79%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 6 | $935K | $156K | 10.98% | 0.00% |
| 2 | The Huntington National Bank | 5 | $4.4M | $874K | 7.20% | 0.00% |
| 3 | Wells Fargo Bank National Association | 5 | $1.2M | $237K | 9.51% | 0.00% |
| 4 | Newtek Small Business Finance, Inc. | 4 | $6.3M | $1.6M | 6.25% | 0.00% |
| 5 | Commercial Bank of California | 4 | $3.7M | $930K | 5.50% | 0.00% |
| 6 | Zions Bank, A Division of | 4 | $1.2M | $304K | 9.39% | 0.00% |
| 7 | Busey Bank | 3 | $3.2M | $1.1M | 6.00% | 0.00% |
| 8 | Central Bank | 2 | $5.3M | $2.7M | 6.38% | 0.00% |
| 9 | Bank of America, National Association | 2 | $2.5M | $1.2M | 6.52% | — |
| 10 | BayFirst National Bank | 2 | $211K | $106K | 10.50% | 0.00% |
| 11 | Rockland Trust Company | 2 | $1.8M | $903K | 8.63% | — |
| 12 | First Savings Bank | 2 | $451K | $225K | 1.50% | 0.00% |
| 13 | JPMorgan Chase Bank, National Association | 2 | $280K | $140K | 13.63% | — |
| 14 | First Commonwealth Bank | 2 | $2.0M | $995K | 4.88% | 0.00% |
| 15 | Live Oak Banking Company | 2 | $7.1M | $3.5M | 7.13% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424720. Charge-off rates are calculated on the FY2020–FY2023 cohort only.