Best SBA 7(a) lenders for office machinery and equipment rental and leasing
The top SBA 7(a) lenders for office machinery and equipment rental and leasing (NAICS 532420) are BayFirst National Bank, U.S. Bank, National Association, Celtic Bank Corporation, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 51 loans totaling $46.8M to businesses in this industry. Average loan size: $917K. Average rate: 8.68%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
51
Total $
$46.8M
Avg loan
$917K
Avg rate
8.68%
Avg term
141 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | BayFirst National Bank | 3 | $430K | $143K | 12.83% | 0.00% |
| 2 | U.S. Bank, National Association | 3 | $5.8M | $1.9M | 7.47% | 0.00% |
| 3 | Celtic Bank Corporation | 2 | $300K | $150K | 8.75% | 0.00% |
| 4 | TD Bank, National Association | 2 | $200K | $100K | 11.75% | 0.00% |
| 5 | Pinnacle Bank | 2 | $1.4M | $710K | 9.88% | — |
| 6 | Newtek Bank, National Association | 2 | $2.3M | $1.1M | 11.25% | — |
| 7 | The Huntington National Bank | 2 | $590K | $295K | 5.50% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 2 | $170K | $85K | 12.00% | — |
| 9 | ACC Capital | 1 | $1.1M | $1.1M | 9.75% | — |
| 10 | Citizens Bank & Trust Co | 1 | $350K | $350K | 4.90% | 0.00% |
| 11 | CenTrust Bank, A Division of SmartBiz Bank National Associat | 1 | $127K | $127K | 12.00% | — |
| 12 | Capital Bank | 1 | $5.0M | $5.0M | 4.75% | 0.00% |
| 13 | Bank of America, National Association | 1 | $1.7M | $1.7M | 6.61% | 0.00% |
| 14 | Atlantic Union Bank | 1 | $2.7M | $2.7M | 7.50% | 0.00% |
| 15 | Avidia Bank | 1 | $100K | $100K | 6.00% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 532420. Charge-off rates are calculated on the FY2020–FY2023 cohort only.