NAICS 423720 · Wholesale
SBA loans for plumbing and heating equipment and supplies (hydronics) merchant wholesalers
500 SBA loans worth $345.3M have been approved in this industry since FY2010 - the #338 most-financed NAICS code in the country.
Median loan
$350,000
+94% vs all industries
Typical range
$25K-$1.9M
Middle 80%
Median rate
6.13%
7(a) initial note rate
Median term
10 yr
Charge-off rate
5.2%
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 | 32 | $20.0M | |
| KeyBank | 22 | $20.0M | |
| The Huntington National Bank | 30 | $14.4M | |
| Empire State Certified Development Corporation | 10 | $13.2M | |
| TD Bank | 17 | $10.6M | |
| U.S. Bank | 21 | $9.7M | |
| Business Finance Capital | 4 | $9.5M | |
| California Statewide Certified Development Corporation | 3 | $8.7M | |
| JPMorgan Chase Bank | 30 | $6.6M | |
| PNC Bank | 11 | $6.5M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 91 | |
| New York | 52 | |
| Ohio | 34 | |
| Florida | 29 | |
| Arizona | 23 | |
| Pennsylvania | 19 | |
| Massachusetts | 18 | |
| Indiana | 17 |
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 $50K12%
- $50K - $150K17%
- $150K - $350K20%
- $350K - $1M29%
- $1M - $2M12%
- Over $2M9%
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 plumbing and heating equipment and supplies (hydronics) merchant wholesalers business?
- The median SBA approval in NAICS 423720 is $350,000, with the middle 80% of loans between $25,000 and $1,862,000. Across all industries the median is $180,000.
- Which lenders are most active in plumbing and heating equipment and supplies (hydronics) merchant wholesalers?
- By dollars approved: Wells Fargo Bank, KeyBank, The Huntington National Bank, Empire State Certified Development Corporation, TD 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 plumbing and heating equipment and supplies (hydronics) merchant wholesalers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.2% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.
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