Best SBA 7(a) lenders for hardware stores
The top SBA 7(a) lenders for hardware stores (NAICS 444130) are Live Oak Banking Company, 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 380 loans totaling $256.4M to businesses in this industry. Average loan size: $675K. Average rate: 5.72%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.27%.
Loans
380
Total $
$256.4M
Avg loan
$675K
Avg rate
5.72%
Avg term
155 mo
Industry chg-off rate
0.27%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 29 | $32.4M | $1.1M | 5.88% | 0.00% |
| 2 | The Huntington National Bank | 28 | $7.2M | $259K | 5.76% | 0.00% |
| 3 | Wells Fargo Bank National Association | 25 | $27.4M | $1.1M | 5.24% | 0.00% |
| 4 | Newtek Small Business Finance, Inc. | 17 | $8.1M | $475K | 6.49% | 0.00% |
| 5 | National Cooperative Bank, National Association | 12 | $16.0M | $1.3M | 5.45% | 0.00% |
| 6 | U.S. Bank, National Association | 8 | $3.3M | $408K | 6.51% | 0.00% |
| 7 | Oriental Bank | 8 | $450K | $56K | 6.53% | 0.00% |
| 8 | TD Bank, National Association | 8 | $1.3M | $164K | 8.39% | 0.00% |
| 9 | Five Star Bank | 6 | $2.0M | $329K | 5.88% | 0.00% |
| 10 | Old National Bank | 6 | $5.6M | $926K | 4.04% | 0.00% |
| 11 | Columbia Bank | 6 | $4.8M | $793K | 6.08% | 0.00% |
| 12 | Customers Bank | 5 | $1.6M | $313K | 6.00% | 0.00% |
| 13 | The American National Bank of Texas | 5 | $3.7M | $731K | 5.25% | 0.00% |
| 14 | BayFirst National Bank | 5 | $1.8M | $365K | 10.20% | 0.00% |
| 15 | Nicolet National Bank | 4 | $2.0M | $492K | 4.25% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 444130. Charge-off rates are calculated on the FY2020–FY2023 cohort only.