Best SBA 7(a) lenders for other miscellaneous nondurable goods merchant wholesalers
The top SBA 7(a) lenders for other miscellaneous nondurable goods merchant wholesalers (NAICS 424990) are The Huntington National Bank, TD Bank, National Association, U.S. Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 954 loans totaling $666.8M to businesses in this industry. Average loan size: $699K. Average rate: 8.87%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.84%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 67 | $28.7M | $429K | 7.89% | 0.00% |
| 2 | TD Bank, National Association | 65 | $7.2M | $111K | 10.39% | 2.63% |
| 3 | U.S. Bank, National Association | 60 | $19.6M | $327K | 8.33% | 2.56% |
| 4 | BayFirst National Bank | 55 | $8.4M | $153K | 12.27% | 6.67% |
| 5 | Northeast Bank | 48 | $9.2M | $191K | 11.00% | 0.00% |
| 6 | JPMorgan Chase Bank, National Association | 38 | $13.0M | $342K | 10.27% | 6.67% |
| 7 | Newtek Bank, National Association | 31 | $20.6M | $666K | 11.27% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 21 | $2.1M | $102K | 10.35% | 11.11% |
| 9 | Wells Fargo Bank National Association | 21 | $5.9M | $283K | 9.67% | 7.69% |
| 10 | Readycap Lending, LLC | 21 | $9.7M | $464K | 10.58% | 10.00% |
| 11 | Bank of Hope | 18 | $12.0M | $664K | 7.40% | 0.00% |
| 12 | Live Oak Banking Company | 17 | $23.0M | $1.4M | 9.06% | 0.00% |
| 13 | Cadence Bank | 15 | $6.2M | $412K | 7.72% | 0.00% |
| 14 | Bank of America, National Association | 14 | $6.3M | $447K | 6.86% | 0.00% |
| 15 | Celtic Bank Corporation | 14 | $14.3M | $1.0M | 9.86% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424990. Charge-off rates are calculated on the FY2020–FY2023 cohort only.