NAICS 423730 · Wholesale
SBA loans for warm air heating and air-conditioning equipment and supplies merchant wholesalers
378 SBA loans worth $253.1M have been approved in this industry since FY2010 - the #398 most-financed NAICS code in the country.
Median loan
$295,000
+64% vs all industries
Typical range
$25K-$1.7M
Middle 80%
Median rate
6.25%
7(a) initial note rate
Median term
10 yr
Charge-off rate
6.7%
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 |
|---|---|---|---|
| TD Bank | 21 | $38.5M | |
| The Huntington National Bank | 29 | $15.4M | |
| KeyBank | 12 | $12.4M | |
| Wells Fargo Bank | 19 | $7.7M | |
| Fifth Third Bank | 8 | $5.8M | |
| HEDCO Local Development Corporation | 2 | $5.5M | |
| Alloy Development Co., Inc. | 2 | $5.4M | |
| CDC Small Business Finance Corp. | 4 | $5.4M | |
| Trenton Business Assistance Corporation | 1 | $5.0M | |
| Bank of San Francisco | 1 | $5.0M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Florida | 50 | |
| California | 45 | |
| Ohio | 29 | |
| Texas | 28 | |
| Michigan | 21 | |
| Puerto Rico | 19 | |
| New York | 15 | |
| Wisconsin | 14 |
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 - $150K20%
- $150K - $350K22%
- $350K - $1M27%
- $1M - $2M11%
- Over $2M8%
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 warm air heating and air-conditioning equipment and supplies merchant wholesalers business?
- The median SBA approval in NAICS 423730 is $295,000, with the middle 80% of loans between $25,200 and $1,703,000. Across all industries the median is $180,000.
- Which lenders are most active in warm air heating and air-conditioning equipment and supplies merchant wholesalers?
- By dollars approved: TD Bank, The Huntington National Bank, KeyBank, Wells Fargo Bank, Fifth Third 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 warm air heating and air-conditioning 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, 6.7% were charged off, versus 7.6% across all SBA lending. That is close to average.
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