Best SBA 7(a) lenders for electrical apparatus and equipment, wiring supplies, and related equip
NAICS 423610 — Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip.
341 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $334.2M.
Loans
341
Total $
$334.2M
Avg loan
$980K
Avg rate
8.22%
Avg term
128 mo
Industry chg-off rate
0.96%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 23 | $44.3M | $1.9M | 7.13% | 0.00% |
| 2 | TD Bank, National Association | 18 | $3.8M | $213K | 9.60% | 9.09% |
| 3 | The Huntington National Bank | 17 | $10.9M | $643K | 7.75% | 8.33% |
| 4 | U.S. Bank, National Association | 16 | $11.2M | $700K | 6.72% | 0.00% |
| 5 | Newtek Bank, National Association | 14 | $6.6M | $469K | 11.63% | 0.00% |
| 6 | BayFirst National Bank | 13 | $2.3M | $178K | 12.40% | 0.00% |
| 7 | JPMorgan Chase Bank, National Association | 13 | $7.8M | $602K | 10.68% | 0.00% |
| 8 | PNC Bank, National Association | 10 | $6.3M | $628K | 8.03% | 0.00% |
| 9 | Wells Fargo Bank National Association | 9 | $6.5M | $722K | 7.55% | 0.00% |
| 10 | FinWise Bank | 8 | $19.2M | $2.4M | 6.25% | 0.00% |
| 11 | KeyBank National Association | 8 | $9.1M | $1.1M | 6.81% | 0.00% |
| 12 | Regions Bank | 7 | $12.8M | $1.8M | 7.08% | 0.00% |
| 13 | Bank of America, National Association | 6 | $2.2M | $366K | 9.96% | 0.00% |
| 14 | Banco Popular de Puerto Rico | 5 | $1.2M | $233K | 10.80% | 0.00% |
| 15 | First Bank | 5 | $2.1M | $425K | 6.50% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423610. Charge-off rates are calculated on the FY2020–FY2023 cohort only.