Best SBA 7(a) lenders for other commercial and industrial machinery and equipment rental and lea
The top SBA 7(a) lenders for other commercial and industrial machinery and equipment rental and lea (NAICS 532490) are U.S. Bank, National Association, BayFirst National Bank, JPMorgan Chase Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 440 loans totaling $298.6M to businesses in this industry. Average loan size: $679K. Average rate: 8.45%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.80%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 23 | $5.1M | $223K | 7.21% | 0.00% |
| 2 | BayFirst National Bank | 18 | $3.6M | $198K | 11.42% | 0.00% |
| 3 | JPMorgan Chase Bank, National Association | 17 | $3.4M | $199K | 11.36% | 0.00% |
| 4 | The Huntington National Bank | 17 | $12.8M | $753K | 7.97% | 14.29% |
| 5 | Manufacturers and Traders Trust Company | 14 | $1.1M | $82K | 11.52% | 20.00% |
| 6 | Wells Fargo Bank National Association | 14 | $11.3M | $807K | 8.39% | 0.00% |
| 7 | Newtek Bank, National Association | 14 | $12.5M | $891K | 11.68% | 0.00% |
| 8 | Zions Bank, A Division of | 13 | $1.4M | $104K | 10.18% | 0.00% |
| 9 | TD Bank, National Association | 13 | $1.8M | $139K | 9.67% | 0.00% |
| 10 | Bank of America, National Association | 12 | $6.8M | $564K | 5.66% | 0.00% |
| 11 | Cadence Bank | 10 | $10.1M | $1.0M | 7.65% | 0.00% |
| 12 | Northeast Bank | 8 | $949K | $119K | 11.50% | — |
| 13 | Enterprise Bank & Trust | 8 | $7.9M | $989K | 5.84% | 0.00% |
| 14 | BancFirst | 7 | $2.5M | $356K | 7.32% | 0.00% |
| 15 | Banner Bank | 7 | $4.8M | $690K | 9.41% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 532490. Charge-off rates are calculated on the FY2020–FY2023 cohort only.