Best SBA 7(a) lenders for fresh fruit and vegetable merchant wholesalers
NAICS 424480 — Fresh Fruit and Vegetable Merchant Wholesalers.
185 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $126.7M.
Loans
185
Total $
$126.7M
Avg loan
$685K
Avg rate
9.31%
Avg term
131 mo
Industry chg-off rate
1.98%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 27 | $4.5M | $166K | 9.51% | 9.52% |
| 2 | JPMorgan Chase Bank, National Association | 15 | $3.8M | $256K | 11.14% | 0.00% |
| 3 | Newtek Bank, National Association | 14 | $15.7M | $1.1M | 11.48% | — |
| 4 | U.S. Bank, National Association | 12 | $5.8M | $485K | 6.68% | 0.00% |
| 5 | Bank of America, National Association | 10 | $2.8M | $283K | 8.04% | 0.00% |
| 6 | BayFirst National Bank | 9 | $1.6M | $183K | 11.69% | 0.00% |
| 7 | Manufacturers and Traders Trust Company | 7 | $550K | $79K | 11.32% | 0.00% |
| 8 | Wells Fargo Bank National Association | 7 | $987K | $141K | 10.72% | 0.00% |
| 9 | Bank of Hope | 6 | $1.3M | $224K | 9.38% | 0.00% |
| 10 | Live Oak Banking Company | 5 | $11.2M | $2.2M | 7.09% | 0.00% |
| 11 | Northeast Bank | 5 | $750K | $150K | 10.85% | — |
| 12 | The Huntington National Bank | 5 | $3.3M | $660K | 8.25% | 0.00% |
| 13 | KeyBank National Association | 4 | $470K | $118K | 7.31% | 0.00% |
| 14 | Lendistry SBLC, LLC | 4 | $1.4M | $351K | 11.75% | — |
| 15 | PNC Bank, National Association | 3 | $540K | $180K | 10.20% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424480. Charge-off rates are calculated on the FY2020–FY2023 cohort only.