Best SBA 7(a) lenders for other miscellaneous nondurable goods merchant wholesalers
NAICS 424990 — Other Miscellaneous Nondurable Goods Merchant Wholesalers.
954 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $666.8M.
Loans
954
Total $
$666.8M
Avg loan
$699K
Avg rate
8.87%
Avg term
135 mo
Industry chg-off rate
2.84%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 67 | $28.7M | $429K | 7.89% | 0.00% |
| 2 | TD Bank, National Association | 65 | $7.2M | $111K | 10.39% | 2.63% |
| 3 | U.S. Bank, National Association | 60 | $19.6M | $327K | 8.33% | 2.56% |
| 4 | BayFirst National Bank | 55 | $8.4M | $153K | 12.27% | 6.67% |
| 5 | Northeast Bank | 48 | $9.2M | $191K | 11.00% | 0.00% |
| 6 | JPMorgan Chase Bank, National Association | 38 | $13.0M | $342K | 10.27% | 6.67% |
| 7 | Newtek Bank, National Association | 31 | $20.6M | $666K | 11.27% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 21 | $2.1M | $102K | 10.35% | 11.11% |
| 9 | Wells Fargo Bank National Association | 21 | $5.9M | $283K | 9.67% | 7.69% |
| 10 | Readycap Lending, LLC | 21 | $9.7M | $464K | 10.58% | 10.00% |
| 11 | Bank of Hope | 18 | $12.0M | $664K | 7.40% | 0.00% |
| 12 | Live Oak Banking Company | 17 | $23.0M | $1.4M | 9.06% | 0.00% |
| 13 | Cadence Bank | 15 | $6.2M | $412K | 7.72% | 0.00% |
| 14 | Bank of America, National Association | 14 | $6.3M | $447K | 6.86% | 0.00% |
| 15 | Celtic Bank Corporation | 14 | $14.3M | $1.0M | 9.86% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424990. Charge-off rates are calculated on the FY2020–FY2023 cohort only.