Best SBA 7(a) lenders for motor vehicle parts (used) merchant wholesalers
NAICS 423140 — Motor Vehicle Parts (Used) Merchant Wholesalers.
102 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $58.2M.
Loans
102
Total $
$58.2M
Avg loan
$571K
Avg rate
8.39%
Avg term
166 mo
Industry chg-off rate
3.28%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Needham Bank | 12 | $2.1M | $178K | 7.23% | 0.00% |
| 2 | Newtek Bank, National Association | 8 | $1.8M | $225K | 11.06% | 0.00% |
| 3 | Enterprise Bank & Trust | 7 | $13.0M | $1.9M | 6.36% | 0.00% |
| 4 | TD Bank, National Association | 6 | $824K | $137K | 9.79% | 0.00% |
| 5 | Northeast Bank | 5 | $516K | $103K | 10.80% | — |
| 6 | Wells Fargo Bank National Association | 4 | $680K | $170K | 10.56% | 0.00% |
| 7 | U.S. Bank, National Association | 3 | $160K | $53K | 8.32% | 0.00% |
| 8 | JPMorgan Chase Bank, National Association | 3 | $4.3M | $1.4M | 8.07% | 100.00% |
| 9 | Harvest Small Business Finance, LLC | 3 | $4.6M | $1.5M | 8.92% | 0.00% |
| 10 | Cadence Bank | 3 | $750K | $250K | 9.25% | 0.00% |
| 11 | Banner Bank | 2 | $550K | $275K | 8.63% | — |
| 12 | BayFirst National Bank | 2 | $300K | $150K | 9.63% | 0.00% |
| 13 | Banco Popular de Puerto Rico | 2 | $31K | $15K | 12.13% | — |
| 14 | Bank of America, National Association | 2 | $1.2M | $599K | 6.15% | 0.00% |
| 15 | Lendistry SBLC, LLC | 2 | $903K | $451K | 10.88% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423140. Charge-off rates are calculated on the FY2020–FY2023 cohort only.