NAICS 423110 · Wholesale
SBA loans for automobile and other motor vehicle merchant wholesalers
939 SBA loans worth $597.0M have been approved in this industry since FY2010 - the #215 most-financed NAICS code in the country.
Median loan
$325,000
+81% vs all industries
Typical range
$15K-$1.6M
Middle 80%
Median rate
6.75%
7(a) initial note rate
Median term
10 yr
Charge-off rate
9.8%
vs 7.6% all industries
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Most active in this industry
| Lender | Loans | Approved | Share |
|---|---|---|---|
| GBC International Bank | 68 | $78.2M | |
| East West Bank | 15 | $23.7M | |
| CDC Small Business Finance Corp. | 22 | $17.5M | |
| Mortgage Capital Development Corporation | 11 | $17.0M | |
| Wells Fargo Bank | 100 | $14.8M | |
| BMO Bank | 13 | $12.7M | |
| The Huntington National Bank | 25 | $12.4M | |
| Columbia Bank | 10 | $12.1M | |
| Business Finance Capital | 10 | $11.6M | |
| Newtek Bank | 9 | $10.6M |
Approvals by fiscal year
’10
’11
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’18
’19
’20
’21
’22
’23
’24
’25
’26
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K20%
- $50K - $150K12%
- $150K - $350K19%
- $350K - $1M30%
- $1M - $2M12%
- Over $2M8%
Nearby
Other wholesale industries
Other Miscellaneous Durable Goods Merchant Wholesalers4,432 · $296,000Other Miscellaneous Nondurable Goods Merchant Wholesalers3,598 · $270,000Other Grocery and Related Products Merchant Wholesalers2,289 · $150,000Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers1,953 · $150,000Industrial Machinery and Equipment Merchant Wholesalers1,918 · $300,000Sporting and Recreational Goods and Supplies Merchant Wholesalers1,706 · $191,750Wholesale Trade Agents and Brokers1,547 · $180,000Recyclable Material Merchant Wholesalers1,450 · $350,000
Common questions
- How much do SBA lenders typically lend to a automobile and other motor vehicle merchant wholesalers business?
- The median SBA approval in NAICS 423110 is $325,000, with the middle 80% of loans between $15,000 and $1,615,000. Across all industries the median is $180,000.
- Which lenders are most active in automobile and other motor vehicle merchant wholesalers?
- By dollars approved: GBC International Bank, East West Bank, CDC Small Business Finance Corp., Mortgage Capital Development Corporation, Wells Fargo Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
- Is automobile and other motor vehicle merchant wholesalers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.8% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
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