Best SBA 7(a) lenders for hardware merchant wholesalers
NAICS 423710 — Hardware Merchant Wholesalers.
183 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $136.5M.
Loans
183
Total $
$136.5M
Avg loan
$746K
Avg rate
8.35%
Avg term
136 mo
Industry chg-off rate
1.87%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 12 | $6.3M | $527K | 7.77% | 22.22% |
| 2 | U.S. Bank, National Association | 10 | $3.5M | $350K | 8.56% | 0.00% |
| 3 | Bank of America, National Association | 10 | $5.4M | $542K | 8.55% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 9 | $3.5M | $390K | 8.73% | 0.00% |
| 5 | Newtek Bank, National Association | 8 | $3.1M | $394K | 11.25% | — |
| 6 | BayFirst National Bank | 6 | $810K | $135K | 12.83% | 0.00% |
| 7 | Newtek Small Business Finance, Inc. | 6 | $2.9M | $476K | 7.96% | 0.00% |
| 8 | First Internet Bank of Indiana | 6 | $5.4M | $906K | 10.04% | 0.00% |
| 9 | TD Bank, National Association | 6 | $794K | $132K | 9.01% | 0.00% |
| 10 | Comerica Bank | 5 | $5.6M | $1.1M | 8.25% | 0.00% |
| 11 | Webster Bank National Association | 5 | $2.3M | $454K | 7.70% | 0.00% |
| 12 | Byline Bank | 4 | $6.9M | $1.7M | 10.63% | 0.00% |
| 13 | First Savings Bank | 3 | $3.2M | $1.1M | 7.25% | 0.00% |
| 14 | Northeast Bank | 3 | $350K | $117K | 10.92% | — |
| 15 | Regent Bank | 3 | $5.0M | $1.7M | 5.58% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423710. Charge-off rates are calculated on the FY2020–FY2023 cohort only.