Lending data
Who lends to wholesale businesses, state by state
8,772 SBA 7(a) loans to wholesale businesses across 45 states, with the most active lender and the median loan in each.
8,772 SBA 7(a) loans went to wholesale businesses across 45 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| California | 1,427 | $286,000 | 15% | U.S. Bank |
| Florida | 1,113 | $245,000 | 13% | TD Bank |
| New York | 960 | $150,000 | 13% | TD Bank |
| Texas | 643 | $300,000 | 18% | Newtek Bank |
| New Jersey | 470 | $200,000 | 20% | TD Bank |
| Ohio | 311 | $150,000 | 26% | The Huntington National Bank |
| Illinois | 299 | $250,000 | 18% | The Huntington National Bank |
| Pennsylvania | 250 | $250,000 | 25% | Manufacturers and Traders Trust Company |
| Michigan | 243 | $175,000 | 14% | The Huntington National Bank |
| Georgia | 227 | $336,000 | 20% | BayFirst National Bank |
| Minnesota | 205 | $200,000 | 29% | U.S. Bank |
| Washington | 175 | $200,000 | 18% | BayFirst National Bank |
| Utah | 172 | $175,250 | 33% | Zions Bank |
| Massachusetts | 164 | $110,300 | 24% | Eastern Bank |
| North Carolina | 156 | $282,050 | 24% | Wells Fargo Bank |
| Colorado | 144 | $259,000 | 29% | Newtek Bank |
| Arizona | 139 | $265,000 | 22% | Wells Fargo Bank |
| Missouri | 134 | $350,000 | 28% | U.S. Bank |
| Wisconsin | 125 | $250,000 | 29% | U.S. Bank |
| Indiana | 117 | $245,000 | 27% | The Huntington National Bank |
| Connecticut | 108 | $219,000 | 25% | Manufacturers and Traders Trust Company |
| Oregon | 105 | $150,000 | 23% | Columbia Bank |
| Maryland | 97 | $125,000 | 38% | Manufacturers and Traders Trust Company |
| Virginia | 96 | $200,000 | 24% | Manufacturers and Traders Trust Company |
| Nevada | 88 | $248,250 | 22% | U.S. Bank |
| Tennessee | 84 | $305,000 | 21% | BayFirst National Bank |
| South Carolina | 78 | $250,000 | 31% | TD Bank |
| Louisiana | 60 | $200,000 | 23% | BayFirst National Bank |
| Idaho | 59 | $130,000 | 25% | Zions Bank |
| Alabama | 52 | $314,150 | 23% | BayFirst National Bank |
| New Hampshire | 48 | $150,000 | 17% | St. Mary's Bank |
| Iowa | 46 | $150,000 | 26% | U.S. Bank |
| Oklahoma | 43 | $250,000 | 19% | BancFirst |
| Kansas | 40 | $206,250 | 18% | BayFirst National Bank |
| Nebraska | 40 | $276,000 | 38% | First State Bank Nebraska |
| Kentucky | 36 | $176,500 | 31% | Stock Yards Bank & Trust Company |
| Rhode Island | 31 | $195,000 | 19% | BankNewport |
| New Mexico | 29 | $200,000 | 28% | BMO Bank |
| Hawaii | 28 | $150,000 | 29% | Central Pacific Bank |
| Delaware | 27 | $59,000 | 44% | Manufacturers and Traders Trust Company |
| Mississippi | 22 | $235,500 | 32% | Peoples Bank |
| Vermont | 21 | $105,000 | 19% | Community National Bank |
| Arkansas | 20 | $250,000 | 15% | CS Bank |
| Maine | 20 | $178,700 | 50% | Bangor Savings Bank |
| South Dakota | 20 | $200,000 | 20% | Black Hills FCU |
What 7(a) lending to wholesale businesses looks like nationally
| Measure | Wholesale trade | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 8,942 | 214,102 |
| Median loan | $224,500 | $150,000 |
| 25th - 75th percentile | $100,000 - $500,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.50% | 10.25% |
| Share to startups | 19.6% | 33.6% |
| Charge-off rate, FY2010-19 | 8.4% | 7.1% |
| Jobs supported | 65,710 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loans here run larger than average. The median of $224,500 is 50% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- This is a hard market for new businesses. Only 20% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
How financing works in this sector
The numbers above say who lends and on what terms. For what actually changes about financing wholesale businesses — which products fit the working capital cycle, which metrics underwriters focus on, and which questions get asked — see our wholesale trade financing guide.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.