Best SBA 7(a) lenders for used merchandise stores
The top SBA 7(a) lenders for used merchandise stores (NAICS 453310) are The Huntington National Bank, U.S. Bank, National Association, KeyBank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 158 loans totaling $47.2M to businesses in this industry. Average loan size: $299K. Average rate: 6.68%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.67%.
Loans
158
Total $
$47.2M
Avg loan
$299K
Avg rate
6.68%
Avg term
140 mo
Industry chg-off rate
0.67%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 13 | $1.2M | $91K | 5.62% | 0.00% |
| 2 | U.S. Bank, National Association | 13 | $2.1M | $164K | 7.88% | 0.00% |
| 3 | KeyBank National Association | 11 | $2.6M | $240K | 5.83% | 0.00% |
| 4 | Wells Fargo Bank National Association | 9 | $1.4M | $156K | 7.92% | 0.00% |
| 5 | TD Bank, National Association | 9 | $5.7M | $630K | 9.15% | 0.00% |
| 6 | United Community Bank | 7 | $1.6M | $223K | 5.89% | 0.00% |
| 7 | Citizens Bank | 7 | $3.4M | $479K | 6.21% | 0.00% |
| 8 | Columbia Bank | 6 | $439K | $73K | 6.29% | 0.00% |
| 9 | Cadence Bank | 5 | $3.4M | $674K | 6.55% | 0.00% |
| 10 | BayFirst National Bank | 5 | $1.2M | $243K | 8.15% | 0.00% |
| 11 | First Bank of the Lake | 4 | $1.6M | $400K | 6.13% | 0.00% |
| 12 | 1st Source Bank | 2 | $302K | $151K | 7.50% | 0.00% |
| 13 | JPMorgan Chase Bank, National Association | 2 | $317K | $158K | 8.55% | 0.00% |
| 14 | Eastern Bank | 2 | $65K | $33K | 4.49% | 0.00% |
| 15 | First National Bank of Pennsylvania | 2 | $524K | $262K | 10.63% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 453310. Charge-off rates are calculated on the FY2020–FY2023 cohort only.