Best SBA 7(a) lenders for tobacco and tobacco product merchant wholesalers
NAICS 424940 — Tobacco and Tobacco Product Merchant Wholesalers.
92 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $60.8M.
Loans
92
Total $
$60.8M
Avg loan
$661K
Avg rate
9.22%
Avg term
133 mo
Industry chg-off rate
6.38%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 11 | $668K | $61K | 9.22% | 0.00% |
| 2 | Newtek Bank, National Association | 8 | $8.7M | $1.1M | 11.03% | 0.00% |
| 3 | TD Bank, National Association | 7 | $370K | $53K | 11.76% | 33.33% |
| 4 | U.S. Bank, National Association | 6 | $230K | $38K | 10.32% | 0.00% |
| 5 | BayFirst National Bank | 6 | $782K | $130K | 12.79% | 50.00% |
| 6 | Comerica Bank | 4 | $713K | $178K | 7.06% | 0.00% |
| 7 | Commonwealth Business Bank | 4 | $1.7M | $413K | 5.94% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 3 | $350K | $117K | 9.58% | 50.00% |
| 9 | Dime Community Bank | 2 | $2.5M | $1.3M | 8.38% | 0.00% |
| 10 | CDC Small Business Finance Corp. | 2 | $430K | $215K | 8.25% | 0.00% |
| 11 | Pinnacle Bank | 2 | $2.8M | $1.4M | 5.00% | 0.00% |
| 12 | Republic Bank & Trust Company | 2 | $1.5M | $750K | 4.39% | 0.00% |
| 13 | Wallis Bank | 2 | $400K | $200K | 6.00% | 0.00% |
| 14 | Hanover Community Bank | 2 | $2.0M | $1.0M | 7.63% | 0.00% |
| 15 | First Internet Bank of Indiana | 2 | $7.8M | $3.9M | 10.75% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424940. Charge-off rates are calculated on the FY2020–FY2023 cohort only.