NAICS 423610 · Wholesale
SBA loans for electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesalers
1,293 SBA loans worth $994.8M have been approved in this industry since FY2010 - the #167 most-financed NAICS code in the country.
Median loan
$343,000
+91% vs all industries
Typical range
$50K-$2.2M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
7.1%
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 |
|---|---|---|---|
| Live Oak Banking Company | 27 | $46.0M | |
| Wells Fargo Bank | 77 | $41.4M | |
| Empire State Certified Development Corporation | 21 | $40.1M | |
| The Huntington National Bank | 61 | $38.8M | |
| JPMorgan Chase Bank | 85 | $35.0M | |
| CDC Small Business Finance Corp. | 24 | $30.9M | |
| U.S. Bank | 51 | $28.1M | |
| Regions Bank | 15 | $25.7M | |
| Trenton Business Assistance Corporation | 11 | $24.4M | |
| Bank of Hope | 19 | $22.5M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 272 | |
| Florida | 111 | |
| New York | 102 | |
| Texas | 88 | |
| Ohio | 55 | |
| New Jersey | 52 | |
| Illinois | 49 | |
| Indiana | 41 |
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 $50K9%
- $50K - $150K17%
- $150K - $350K24%
- $350K - $1M24%
- $1M - $2M14%
- Over $2M12%
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 electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesalers business?
- The median SBA approval in NAICS 423610 is $343,000, with the middle 80% of loans between $50,000 and $2,210,000. Across all industries the median is $180,000.
- Which lenders are most active in electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesalers?
- By dollars approved: Live Oak Banking Company, Wells Fargo Bank, Empire State Certified Development Corporation, The Huntington National Bank, JPMorgan Chase 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 electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesalers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.1% were charged off, versus 7.6% across all SBA lending. That is close to average.
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