How much do SBA lenders typically lend to a metal service centers and other metal merchant wholesalers business?

The median SBA approval in NAICS 423510 is $375,250, with the middle 80% of loans between $50,000 and $2,295,000. Across all industries the median is $180,000.

Which lenders are most active in metal service centers and other metal merchant wholesalers?

By dollars approved: Bank of Hope, The Huntington National Bank, First National Bank of Pennsylvania, Truist Bank, 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 metal service centers and other metal merchant wholesalers considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.4% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 423510 · Wholesale

SBA loans for metal service centers and other metal merchant wholesalers

710 SBA loans worth $588.1M have been approved in this industry since FY2010 - the #262 most-financed NAICS code in the country.

Median loan

$375,250

+108% vs all industries

Typical range

$50K-$2.3M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

10 yr

Charge-off rate

9.4%

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
Bank of Hope	17	$32.5M
The Huntington National Bank	69	$30.3M
First National Bank of Pennsylvania	12	$22.1M
Truist Bank	11	$21.4M
Wells Fargo Bank	40	$20.2M
Newtek Small Business Finance, Inc.	9	$17.5M
JPMorgan Chase Bank	48	$16.9M
Celtic Bank Corporation	11	$15.5M
Manufacturers and Traders Trust Company	18	$14.8M
CDC Small Business Finance Corp.	10	$12.9M

Geography

Where these loans were made

State	Loans	Share
California	132
Ohio	66
Texas	57
Illinois	42
New York	41
Florida	37
Indiana	30
Michigan	30

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
10%
$50K - $150K
15%
$150K - $350K
20%
$350K - $1M
30%
$1M - $2M
14%
Over $2M
12%

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 Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers1,953 · $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

Common questions

How much do SBA lenders typically lend to a metal service centers and other metal merchant wholesalers business?: The median SBA approval in NAICS 423510 is $375,250, with the middle 80% of loans between $50,000 and $2,295,000. Across all industries the median is $180,000.
Which lenders are most active in metal service centers and other metal merchant wholesalers?: By dollars approved: Bank of Hope, The Huntington National Bank, First National Bank of Pennsylvania, Truist Bank, 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 metal service centers and other metal merchant wholesalers considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.4% were charged off, versus 7.6% across all SBA lending. That is close to average.

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