Best SBA 7(a) lenders for motor vehicle supplies and new parts merchant wholesalers
NAICS 423120 — Motor Vehicle Supplies and New Parts Merchant Wholesalers.
339 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $225.5M.
Loans
339
Total $
$225.5M
Avg loan
$665K
Avg rate
8.71%
Avg term
134 mo
Industry chg-off rate
1.65%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 29 | $13.4M | $464K | 11.22% | — |
| 2 | The Huntington National Bank | 28 | $16.8M | $598K | 8.39% | 0.00% |
| 3 | U.S. Bank, National Association | 23 | $10.2M | $443K | 8.14% | 0.00% |
| 4 | TD Bank, National Association | 23 | $2.9M | $124K | 9.58% | 0.00% |
| 5 | Northeast Bank | 13 | $3.2M | $247K | 11.19% | — |
| 6 | BayFirst National Bank | 13 | $2.1M | $164K | 11.08% | 14.29% |
| 7 | Bank of America, National Association | 12 | $3.3M | $278K | 8.43% | 0.00% |
| 8 | JPMorgan Chase Bank, National Association | 12 | $6.0M | $503K | 9.84% | 0.00% |
| 9 | Wells Fargo Bank National Association | 10 | $7.0M | $701K | 8.94% | 16.67% |
| 10 | Manufacturers and Traders Trust Company | 9 | $1.7M | $192K | 10.81% | 0.00% |
| 11 | Readycap Lending, LLC | 7 | $2.4M | $338K | 9.79% | 0.00% |
| 12 | Live Oak Banking Company | 6 | $5.8M | $958K | 6.79% | 0.00% |
| 13 | Cadence Bank | 6 | $5.8M | $969K | 9.83% | — |
| 14 | Celtic Bank Corporation | 5 | $1.8M | $368K | 9.85% | 0.00% |
| 15 | Newtek Small Business Finance, Inc. | 5 | $2.4M | $481K | 7.40% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423120. Charge-off rates are calculated on the FY2020–FY2023 cohort only.