Best SBA 7(a) lenders for musical instrument and supplies stores
NAICS 451140 — Musical Instrument and Supplies Stores.
85 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $28.7M.
Loans
85
Total $
$28.7M
Avg loan
$337K
Avg rate
6.38%
Avg term
129 mo
Industry chg-off rate
1.20%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7 | $309K | $44K | 6.31% | 0.00% |
| 2 | The Huntington National Bank | 6 | $988K | $165K | 5.75% | 0.00% |
| 3 | TD Bank, National Association | 5 | $253K | $51K | 8.50% | 0.00% |
| 4 | BayFirst National Bank | 4 | $505K | $126K | 7.19% | 25.00% |
| 5 | Live Oak Banking Company | 4 | $4.4M | $1.1M | 5.76% | 0.00% |
| 6 | PNC Bank, National Association | 3 | $885K | $295K | 7.03% | 0.00% |
| 7 | Kitsap Bank | 2 | $240K | $120K | 6.00% | 0.00% |
| 8 | Newtown Savings Bank | 2 | $295K | $148K | 10.25% | — |
| 9 | Dogwood State Bank | 2 | $859K | $429K | 5.50% | 0.00% |
| 10 | Old National Bank | 2 | $495K | $248K | 5.25% | 0.00% |
| 11 | Truist Bank | 2 | $922K | $461K | 5.37% | 0.00% |
| 12 | Wells Fargo Bank National Association | 2 | $15K | $8K | 10.38% | 0.00% |
| 13 | Synovus Bank | 2 | $1.0M | $501K | 4.25% | 0.00% |
| 14 | Columbia Bank | 2 | $1.9M | $964K | 5.00% | 0.00% |
| 15 | BankCherokee | 2 | $200K | $100K | 5.42% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 451140. Charge-off rates are calculated on the FY2020–FY2023 cohort only.