Best SBA 7(a) lenders for musical instrument and supplies stores
The top SBA 7(a) lenders for musical instrument and supplies stores (NAICS 451140) are U.S. Bank, National Association, The Huntington National Bank, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 85 loans totaling $28.7M to businesses in this industry. Average loan size: $337K. Average rate: 6.38%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.20%.
Loans
85
Total $
$28.7M
Avg loan
$337K
Avg rate
6.38%
Avg term
129 mo
Industry chg-off rate
1.20%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7 | $309K | $44K | 6.31% | 0.00% |
| 2 | The Huntington National Bank | 6 | $988K | $165K | 5.75% | 0.00% |
| 3 | TD Bank, National Association | 5 | $253K | $51K | 8.50% | 0.00% |
| 4 | BayFirst National Bank | 4 | $505K | $126K | 7.19% | 25.00% |
| 5 | Live Oak Banking Company | 4 | $4.4M | $1.1M | 5.76% | 0.00% |
| 6 | PNC Bank, National Association | 3 | $885K | $295K | 7.03% | 0.00% |
| 7 | Kitsap Bank | 2 | $240K | $120K | 6.00% | 0.00% |
| 8 | Newtown Savings Bank | 2 | $295K | $148K | 10.25% | — |
| 9 | Dogwood State Bank | 2 | $859K | $429K | 5.50% | 0.00% |
| 10 | Old National Bank | 2 | $495K | $248K | 5.25% | 0.00% |
| 11 | Truist Bank | 2 | $922K | $461K | 5.37% | 0.00% |
| 12 | Wells Fargo Bank National Association | 2 | $15K | $8K | 10.38% | 0.00% |
| 13 | Synovus Bank | 2 | $1.0M | $501K | 4.25% | 0.00% |
| 14 | Columbia Bank | 2 | $1.9M | $964K | 5.00% | 0.00% |
| 15 | BankCherokee | 2 | $200K | $100K | 5.42% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 451140. Charge-off rates are calculated on the FY2020–FY2023 cohort only.