Best SBA 7(a) lenders for jewelry, watch, precious stone, and precious metal merchant wholesaler
NAICS 423940 — Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler.
344 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $154.3M.
Loans
344
Total $
$154.3M
Avg loan
$449K
Avg rate
9.86%
Avg term
130 mo
Industry chg-off rate
2.98%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | BayFirst National Bank | 40 | $5.7M | $142K | 12.16% | 0.00% |
| 2 | TD Bank, National Association | 28 | $2.1M | $73K | 10.49% | 10.00% |
| 3 | Northeast Bank | 24 | $4.6M | $193K | 10.89% | 0.00% |
| 4 | Newtek Bank, National Association | 19 | $9.1M | $480K | 11.32% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 18 | $2.7M | $150K | 8.51% | 6.67% |
| 6 | Wells Fargo Bank National Association | 18 | $5.3M | $297K | 11.27% | 0.00% |
| 7 | Readycap Lending, LLC | 17 | $4.1M | $239K | 11.24% | 0.00% |
| 8 | The Huntington National Bank | 15 | $1.3M | $88K | 8.48% | 12.50% |
| 9 | JPMorgan Chase Bank, National Association | 10 | $1.7M | $167K | 10.10% | 0.00% |
| 10 | Newtek Small Business Finance, Inc. | 10 | $2.7M | $271K | 8.18% | 0.00% |
| 11 | U.S. Bank, National Association | 7 | $2.9M | $407K | 8.04% | 0.00% |
| 12 | Wallis Bank | 6 | $8.0M | $1.3M | 8.25% | 0.00% |
| 13 | Celtic Bank Corporation | 5 | $550K | $110K | 10.05% | 0.00% |
| 14 | Eastern Bank | 5 | $489K | $98K | 10.85% | 0.00% |
| 15 | PNC Bank, National Association | 5 | $200K | $40K | 11.51% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423940. Charge-off rates are calculated on the FY2020–FY2023 cohort only.