Best SBA 7(a) lenders for office equipment merchant wholesalers
NAICS 423420 — Office Equipment Merchant Wholesalers.
92 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $72.7M.
Loans
92
Total $
$72.7M
Avg loan
$790K
Avg rate
8.84%
Avg term
137 mo
Industry chg-off rate
2.13%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 10 | $6.6M | $661K | 11.72% | 0.00% |
| 2 | U.S. Bank, National Association | 7 | $3.3M | $471K | 9.01% | 0.00% |
| 3 | TD Bank, National Association | 5 | $365K | $73K | 9.61% | 50.00% |
| 4 | Readycap Lending, LLC | 5 | $552K | $110K | 11.80% | 0.00% |
| 5 | The Huntington National Bank | 5 | $3.4M | $685K | 7.27% | 0.00% |
| 6 | BayFirst National Bank | 4 | $470K | $117K | 12.69% | 0.00% |
| 7 | Northeast Bank | 4 | $400K | $100K | 11.75% | — |
| 8 | Bank of America, National Association | 3 | $1.5M | $497K | 4.58% | 0.00% |
| 9 | Wells Fargo Bank National Association | 3 | $2.2M | $728K | 4.05% | 0.00% |
| 10 | Newtek Small Business Finance, Inc. | 3 | $1.1M | $375K | 10.17% | 0.00% |
| 11 | Oriental Bank | 2 | $100K | $50K | 6.25% | 0.00% |
| 12 | Celtic Bank Corporation | 2 | $1.7M | $852K | 8.13% | 0.00% |
| 13 | 21st Century Bank | 2 | $913K | $457K | 4.58% | 0.00% |
| 14 | Blue Ridge Bank National Association | 2 | $2.0M | $1.0M | 11.13% | 0.00% |
| 15 | Capital One, National Association | 2 | $1.7M | $826K | 4.33% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423420. Charge-off rates are calculated on the FY2020–FY2023 cohort only.