Best SBA 7(a) lenders for tobacco and tobacco product merchant wholesalers
The top SBA 7(a) lenders for tobacco and tobacco product merchant wholesalers (NAICS 424940) are The Huntington National Bank, Newtek Bank, National Association, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 92 loans totaling $60.8M to businesses in this industry. Average loan size: $661K. Average rate: 9.22%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 6.38%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 11 | $668K | $61K | 9.22% | 0.00% |
| 2 | Newtek Bank, National Association | 8 | $8.7M | $1.1M | 11.03% | 0.00% |
| 3 | TD Bank, National Association | 7 | $370K | $53K | 11.76% | 33.33% |
| 4 | U.S. Bank, National Association | 6 | $230K | $38K | 10.32% | 0.00% |
| 5 | BayFirst National Bank | 6 | $782K | $130K | 12.79% | 50.00% |
| 6 | Comerica Bank | 4 | $713K | $178K | 7.06% | 0.00% |
| 7 | Commonwealth Business Bank | 4 | $1.7M | $413K | 5.94% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 3 | $350K | $117K | 9.58% | 50.00% |
| 9 | Dime Community Bank | 2 | $2.5M | $1.3M | 8.38% | 0.00% |
| 10 | CDC Small Business Finance Corp. | 2 | $430K | $215K | 8.25% | 0.00% |
| 11 | Pinnacle Bank | 2 | $2.8M | $1.4M | 5.00% | 0.00% |
| 12 | Republic Bank & Trust Company | 2 | $1.5M | $750K | 4.39% | 0.00% |
| 13 | Wallis Bank | 2 | $400K | $200K | 6.00% | 0.00% |
| 14 | Hanover Community Bank | 2 | $2.0M | $1.0M | 7.63% | 0.00% |
| 15 | First Internet Bank of Indiana | 2 | $7.8M | $3.9M | 10.75% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424940. Charge-off rates are calculated on the FY2020–FY2023 cohort only.