Best SBA 7(a) lenders for other commercial and industrial machinery and equipment rental and lea
NAICS 532490 — Other Commercial and Industrial Machinery and Equipment Rental and Lea.
440 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $298.6M.
Loans
440
Total $
$298.6M
Avg loan
$679K
Avg rate
8.45%
Avg term
125 mo
Industry chg-off rate
0.80%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 23 | $5.1M | $223K | 7.21% | 0.00% |
| 2 | BayFirst National Bank | 18 | $3.6M | $198K | 11.42% | 0.00% |
| 3 | JPMorgan Chase Bank, National Association | 17 | $3.4M | $199K | 11.36% | 0.00% |
| 4 | The Huntington National Bank | 17 | $12.8M | $753K | 7.97% | 14.29% |
| 5 | Manufacturers and Traders Trust Company | 14 | $1.1M | $82K | 11.52% | 20.00% |
| 6 | Wells Fargo Bank National Association | 14 | $11.3M | $807K | 8.39% | 0.00% |
| 7 | Newtek Bank, National Association | 14 | $12.5M | $891K | 11.68% | 0.00% |
| 8 | Zions Bank, A Division of | 13 | $1.4M | $104K | 10.18% | 0.00% |
| 9 | TD Bank, National Association | 13 | $1.8M | $139K | 9.67% | 0.00% |
| 10 | Bank of America, National Association | 12 | $6.8M | $564K | 5.66% | 0.00% |
| 11 | Cadence Bank | 10 | $10.1M | $1.0M | 7.65% | 0.00% |
| 12 | Northeast Bank | 8 | $949K | $119K | 11.50% | — |
| 13 | Enterprise Bank & Trust | 8 | $7.9M | $989K | 5.84% | 0.00% |
| 14 | BancFirst | 7 | $2.5M | $356K | 7.32% | 0.00% |
| 15 | Banner Bank | 7 | $4.8M | $690K | 9.41% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 532490. Charge-off rates are calculated on the FY2020–FY2023 cohort only.