Best SBA 7(a) lenders for piece goods, notions, and other dry goods merchant wholesalers
NAICS 424310 — Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers.
159 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $94.3M.
Loans
159
Total $
$94.3M
Avg loan
$593K
Avg rate
8.63%
Avg term
124 mo
Industry chg-off rate
4.08%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 14 | $1.6M | $118K | 10.22% | 12.50% |
| 2 | The Huntington National Bank | 10 | $2.1M | $211K | 9.20% | 0.00% |
| 3 | JPMorgan Chase Bank, National Association | 8 | $1.3M | $167K | 10.47% | 20.00% |
| 4 | Northeast Bank | 7 | $1.2M | $170K | 10.68% | 0.00% |
| 5 | Wells Fargo Bank National Association | 6 | $105K | $18K | 12.04% | 0.00% |
| 6 | Minnwest Bank | 5 | $3.4M | $680K | 5.05% | 0.00% |
| 7 | Bank of Hope | 5 | $850K | $170K | 8.30% | 0.00% |
| 8 | Newtek Bank, National Association | 5 | $7.0M | $1.4M | 10.95% | — |
| 9 | Manufacturers and Traders Trust Company | 4 | $918K | $230K | 6.88% | 0.00% |
| 10 | Live Oak Banking Company | 4 | $7.2M | $1.8M | 7.25% | 0.00% |
| 11 | Columbia Bank | 4 | $5.1M | $1.3M | 6.44% | 0.00% |
| 12 | Zions Bank, A Division of | 4 | $380K | $95K | 10.50% | 0.00% |
| 13 | PNC Bank, National Association | 4 | $168K | $42K | 9.93% | 0.00% |
| 14 | U.S. Bank, National Association | 4 | $95K | $24K | 6.24% | 0.00% |
| 15 | BayFirst National Bank | 3 | $650K | $217K | 9.75% | 50.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424310. Charge-off rates are calculated on the FY2020–FY2023 cohort only.