Best SBA 7(a) lenders for packaged frozen food merchant wholesalers
NAICS 424420 — Packaged Frozen Food Merchant Wholesalers.
103 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $56.8M.
Loans
103
Total $
$56.8M
Avg loan
$552K
Avg rate
8.88%
Avg term
124 mo
Industry chg-off rate
1.54%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 19 | $9.3M | $489K | 7.83% | 0.00% |
| 2 | JPMorgan Chase Bank, National Association | 8 | $1.4M | $179K | 9.91% | 0.00% |
| 3 | Manufacturers and Traders Trust Company | 7 | $665K | $95K | 11.00% | 25.00% |
| 4 | Northeast Bank | 5 | $1.1M | $229K | 11.50% | — |
| 5 | U.S. Bank, National Association | 5 | $796K | $159K | 8.14% | 0.00% |
| 6 | The Huntington National Bank | 5 | $6.4M | $1.3M | 8.20% | 0.00% |
| 7 | Banco Popular de Puerto Rico | 4 | $420K | $105K | 9.31% | 0.00% |
| 8 | Fulton Bank, National Association | 4 | $2.6M | $643K | 6.69% | 0.00% |
| 9 | Newtek Bank, National Association | 4 | $1.4M | $363K | 11.56% | — |
| 10 | CalPrivate Bank | 3 | $5.8M | $1.9M | 4.92% | 0.00% |
| 11 | Needham Bank | 2 | $350K | $175K | 7.63% | 0.00% |
| 12 | Bank of Hope | 2 | $350K | $175K | 11.13% | 0.00% |
| 13 | BankUnited, National Association | 2 | $1.3M | $654K | 9.25% | — |
| 14 | Sunrise Banks National Association | 2 | $96K | $48K | 6.25% | 0.00% |
| 15 | Meridian Bank | 2 | $2.7M | $1.4M | 10.75% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424420. Charge-off rates are calculated on the FY2020–FY2023 cohort only.