Best SBA 7(a) lenders for industrial supplies merchant wholesalers
NAICS 423840 — Industrial Supplies Merchant Wholesalers.
319 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $224.5M.
Loans
319
Total $
$224.5M
Avg loan
$704K
Avg rate
8.78%
Avg term
131 mo
Industry chg-off rate
2.22%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 20 | $10.1M | $505K | 8.97% | 0.00% |
| 2 | U.S. Bank, National Association | 15 | $9.0M | $602K | 8.49% | 0.00% |
| 3 | Bank of America, National Association | 13 | $4.1M | $319K | 7.86% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 13 | $7.0M | $539K | 9.29% | 0.00% |
| 5 | TD Bank, National Association | 13 | $3.2M | $244K | 10.22% | 0.00% |
| 6 | BayFirst National Bank | 12 | $3.7M | $307K | 11.96% | 25.00% |
| 7 | Cadence Bank | 11 | $5.2M | $473K | 9.18% | 0.00% |
| 8 | Wells Fargo Bank National Association | 10 | $3.2M | $317K | 10.14% | 0.00% |
| 9 | Newtek Small Business Finance, Inc. | 10 | $12.0M | $1.2M | 7.50% | 0.00% |
| 10 | Northeast Bank | 10 | $1.6M | $157K | 11.43% | — |
| 11 | PNC Bank, National Association | 7 | $3.2M | $462K | 6.30% | 14.29% |
| 12 | Newtek Bank, National Association | 7 | $3.8M | $539K | 11.46% | 0.00% |
| 13 | Lendistry SBLC, LLC | 6 | $1.1M | $188K | 12.42% | — |
| 14 | First National Bank of Pennsylvania | 6 | $4.8M | $793K | 8.96% | 0.00% |
| 15 | Celtic Bank Corporation | 5 | $3.5M | $708K | 9.15% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423840. Charge-off rates are calculated on the FY2020–FY2023 cohort only.