NAICS 423710 · Wholesale
SBA loans for hardware merchant wholesalers
629 SBA loans worth $402.9M have been approved in this industry since FY2010 - the #294 most-financed NAICS code in the country.
Median loan
$312,000
+73% vs all industries
Typical range
$35K-$1.6M
Middle 80%
Median rate
6.50%
7(a) initial note rate
Median term
10 yr
Charge-off rate
6.4%
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 | Share |
|---|---|---|---|
| Wells Fargo Bank | 31 | $18.2M | |
| Live Oak Banking Company | 6 | $17.5M | |
| Empire State Certified Development Corporation | 11 | $15.9M | |
| CDC Small Business Finance Corp. | 12 | $12.0M | |
| JPMorgan Chase Bank | 35 | $11.9M | |
| Capital Certified Development Corporation | 5 | $11.8M | |
| Byline Bank | 7 | $9.3M | |
| The Huntington National Bank | 24 | $9.2M | |
| Florida Business Development Corporation | 9 | $8.4M | |
| Truist Bank | 10 | $7.2M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 115 | |
| Florida | 68 | |
| New York | 55 | |
| Texas | 52 | |
| Illinois | 33 | |
| Ohio | 29 | |
| Minnesota | 20 | |
| New Jersey | 19 |
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 $50K13%
- $50K - $150K17%
- $150K - $350K23%
- $350K - $1M26%
- $1M - $2M14%
- Over $2M7%
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 hardware merchant wholesalers business?
- The median SBA approval in NAICS 423710 is $312,000, with the middle 80% of loans between $35,000 and $1,625,000. Across all industries the median is $180,000.
- Which lenders are most active in hardware merchant wholesalers?
- By dollars approved: Wells Fargo Bank, Live Oak Banking Company, Empire State Certified Development Corporation, CDC Small Business Finance Corp., 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 hardware merchant wholesalers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 6.4% 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.