How much do SBA lenders typically lend to a medical, dental, and hospital equipment and supplies merchant wholesalers business?

The median SBA approval in NAICS 423450 is $150,000, with the middle 80% of loans between $25,000 and $1,133,000. Across all industries the median is $180,000.

Which lenders are most active in medical, dental, and hospital equipment and supplies merchant wholesalers?

By dollars approved: Wells Fargo Bank, JPMorgan Chase Bank, The Huntington National Bank, U.S. Bank, KeyBank. 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 medical, dental, and hospital equipment and supplies merchant wholesalers considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.9% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 423450 · Wholesale

SBA loans for medical, dental, and hospital equipment and supplies merchant wholesalers

1,953 SBA loans worth $858.7M have been approved in this industry since FY2010 - the #120 most-financed NAICS code in the country.

Median loan

$150,000

-17% vs all industries

Typical range

$25K-$1.1M

Middle 80%

Median rate

7.00%

7(a) initial note rate

Median term

10 yr

Charge-off rate

8.9%

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
Wells Fargo Bank	140	$47.4M
JPMorgan Chase Bank	178	$38.9M
The Huntington National Bank	109	$27.0M
U.S. Bank	78	$23.6M
KeyBank	36	$23.4M
Newtek Small Business Finance, Inc.	24	$21.7M
Bank of America	39	$18.2M
SouthState Bank	14	$17.8M
Byline Bank	8	$15.9M
First Bank of the Lake	7	$15.1M

Geography

Where these loans were made

State	Loans	Share
California	296
Florida	209
Texas	146
New York	141
Ohio	87
Illinois	78
Minnesota	64
Utah	55

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
19%
$50K - $150K
26%
$150K - $350K
23%
$350K - $1M
20%
$1M - $2M
7%
Over $2M
5%

Nearby

Other wholesale industries

See the sector

Other Miscellaneous Durable Goods Merchant Wholesalers4,432 · $296,000 Other Miscellaneous Nondurable Goods Merchant Wholesalers3,598 · $270,000 Other Grocery and Related Products Merchant Wholesalers2,289 · $150,000 Industrial Machinery and Equipment Merchant Wholesalers1,918 · $300,000 Sporting and Recreational Goods and Supplies Merchant Wholesalers1,706 · $191,750 Wholesale Trade Agents and Brokers1,547 · $180,000 Recyclable Material Merchant Wholesalers1,450 · $350,000 Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers1,431 · $250,000

Common questions

How much do SBA lenders typically lend to a medical, dental, and hospital equipment and supplies merchant wholesalers business?: The median SBA approval in NAICS 423450 is $150,000, with the middle 80% of loans between $25,000 and $1,133,000. Across all industries the median is $180,000.
Which lenders are most active in medical, dental, and hospital equipment and supplies merchant wholesalers?: By dollars approved: Wells Fargo Bank, JPMorgan Chase Bank, The Huntington National Bank, U.S. Bank, KeyBank. 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 medical, dental, and hospital equipment and supplies merchant wholesalers considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.9% were charged off, versus 7.6% across all SBA lending. That is close to average.

We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.