Best SBA 7(a) lenders for plumbing and heating equipment and supplies (hydronics) merchant whole
NAICS 423720 — Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Whole.
147 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $129.0M.
Loans
147
Total $
$129.0M
Avg loan
$877K
Avg rate
8.39%
Avg term
137 mo
Industry chg-off rate
1.05%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 12 | $7.9M | $660K | 9.05% | 0.00% |
| 2 | Wells Fargo Bank National Association | 10 | $7.0M | $700K | 8.34% | 0.00% |
| 3 | TD Bank, National Association | 9 | $9.1M | $1.0M | 7.66% | 0.00% |
| 4 | U.S. Bank, National Association | 9 | $5.4M | $601K | 8.32% | 0.00% |
| 5 | JPMorgan Chase Bank, National Association | 5 | $1.7M | $345K | 8.17% | 0.00% |
| 6 | Rockland Trust Company | 4 | $3.9M | $970K | 4.87% | 0.00% |
| 7 | Zions Bank, A Division of | 4 | $1.7M | $420K | 8.31% | 0.00% |
| 8 | Newtek Small Business Finance, Inc. | 4 | $2.8M | $704K | 8.81% | 0.00% |
| 9 | BayFirst National Bank | 4 | $535K | $134K | 11.81% | 0.00% |
| 10 | KeyBank National Association | 4 | $7.3M | $1.8M | 7.69% | 0.00% |
| 11 | Manufacturers and Traders Trust Company | 4 | $504K | $126K | 11.25% | 50.00% |
| 12 | Readycap Lending, LLC | 4 | $804K | $201K | 13.13% | — |
| 13 | Dogwood State Bank | 3 | $2.2M | $721K | 10.83% | 0.00% |
| 14 | Brookline Bank, a Division of Beacon Bank and Trust | 3 | $5.7M | $1.9M | 8.92% | 0.00% |
| 15 | Bank of Hope | 3 | $3.6M | $1.2M | 5.08% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423720. Charge-off rates are calculated on the FY2020–FY2023 cohort only.