Best SBA 7(a) lenders for farm and garden machinery and equipment merchant wholesalers
NAICS 423820 — Farm and Garden Machinery and Equipment Merchant Wholesalers.
108 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $90.2M.
Loans
108
Total $
$90.2M
Avg loan
$835K
Avg rate
7.71%
Avg term
119 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Banesco USA | 6 | $12.5M | $2.1M | 5.54% | 0.00% |
| 2 | OakStar Bank | 6 | $8.6M | $1.4M | 7.50% | 0.00% |
| 3 | Wells Fargo Bank National Association | 5 | $1.5M | $303K | 8.05% | 0.00% |
| 4 | Newtek Bank, National Association | 4 | $13.3M | $3.3M | 10.81% | — |
| 5 | The Huntington National Bank | 4 | $1.5M | $375K | 8.88% | 0.00% |
| 6 | BankWest, Inc | 3 | $1.4M | $483K | 6.57% | 0.00% |
| 7 | Peoples Bank | 3 | $1.4M | $457K | 7.00% | 0.00% |
| 8 | U.S. Bank, National Association | 3 | $980K | $327K | 6.35% | 0.00% |
| 9 | Columbia Bank | 2 | $3.3M | $1.6M | 11.38% | 0.00% |
| 10 | Bank of America, National Association | 2 | $793K | $396K | 9.16% | — |
| 11 | BayFirst National Bank | 2 | $500K | $250K | 11.13% | 0.00% |
| 12 | Banco Popular de Puerto Rico | 2 | $240K | $120K | 10.88% | — |
| 13 | Alerus Financial, National Association | 2 | $6.5M | $3.2M | 7.03% | 0.00% |
| 14 | Live Oak Banking Company | 2 | $925K | $463K | 10.50% | — |
| 15 | Newtek Small Business Finance, Inc. | 2 | $2.6M | $1.3M | 7.50% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423820. Charge-off rates are calculated on the FY2020–FY2023 cohort only.