Best SBA 7(a) lenders for other professional equipment and supplies merchant wholesalers
NAICS 423490 — Other Professional Equipment and Supplies Merchant Wholesalers.
106 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $63.2M.
Loans
106
Total $
$63.2M
Avg loan
$597K
Avg rate
8.66%
Avg term
132 mo
Industry chg-off rate
1.59%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 17 | $6.7M | $395K | 8.99% | 0.00% |
| 2 | TD Bank, National Association | 7 | $569K | $81K | 11.26% | 0.00% |
| 3 | Bank of America, National Association | 6 | $3.0M | $496K | 7.80% | 0.00% |
| 4 | Northeast Bank | 5 | $655K | $131K | 11.20% | 0.00% |
| 5 | Live Oak Banking Company | 5 | $8.2M | $1.6M | 7.39% | 0.00% |
| 6 | BayFirst National Bank | 5 | $733K | $147K | 13.25% | 0.00% |
| 7 | Banco Popular de Puerto Rico | 3 | $9.1M | $3.0M | 7.37% | 0.00% |
| 8 | Central Bank | 3 | $1.2M | $392K | 8.57% | 0.00% |
| 9 | Newtek Bank, National Association | 3 | $1.1M | $383K | 11.50% | 0.00% |
| 10 | Eastern Bank | 3 | $1.1M | $370K | 5.00% | 0.00% |
| 11 | Hanmi Bank | 2 | $1.9M | $930K | 8.50% | 0.00% |
| 12 | DFCU Financial | 2 | $1.8M | $906K | 9.50% | — |
| 13 | Byline Bank | 2 | $4.1M | $2.0M | 5.75% | 0.00% |
| 14 | Cadence Bank | 2 | $175K | $88K | 6.00% | 0.00% |
| 15 | Westfield Bank | 2 | $500K | $250K | 4.20% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423490. Charge-off rates are calculated on the FY2020–FY2023 cohort only.