Best SBA 7(a) lenders for medical, dental, and hospital equipment and supplies merchant wholesal
NAICS 423450 — Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal.
642 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $348.0M.
Loans
642
Total $
$348.0M
Avg loan
$542K
Avg rate
8.93%
Avg term
125 mo
Industry chg-off rate
4.39%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 40 | $3.1M | $78K | 10.46% | 0.00% |
| 2 | The Huntington National Bank | 39 | $6.2M | $159K | 8.09% | 10.34% |
| 3 | Wells Fargo Bank National Association | 34 | $13.2M | $390K | 9.05% | 0.00% |
| 4 | BayFirst National Bank | 31 | $7.0M | $227K | 10.96% | 20.00% |
| 5 | Bank of America, National Association | 30 | $17.4M | $579K | 7.82% | 0.00% |
| 6 | JPMorgan Chase Bank, National Association | 29 | $8.2M | $282K | 10.19% | 14.29% |
| 7 | Newtek Bank, National Association | 27 | $10.6M | $394K | 11.44% | 0.00% |
| 8 | U.S. Bank, National Association | 22 | $3.9M | $179K | 8.69% | 16.67% |
| 9 | Newtek Small Business Finance, Inc. | 18 | $20.6M | $1.1M | 7.88% | 0.00% |
| 10 | Northeast Bank | 18 | $3.0M | $168K | 10.92% | — |
| 11 | KeyBank National Association | 17 | $7.7M | $452K | 9.56% | 0.00% |
| 12 | Manufacturers and Traders Trust Company | 13 | $1.6M | $122K | 9.13% | 18.18% |
| 13 | Zions Bank, A Division of | 13 | $3.7M | $288K | 8.23% | 0.00% |
| 14 | Lendistry SBLC, LLC | 11 | $1.5M | $132K | 12.27% | 0.00% |
| 15 | Celtic Bank Corporation | 11 | $1.8M | $166K | 9.91% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423450. Charge-off rates are calculated on the FY2020–FY2023 cohort only.