NAICS 423810 · Wholesale
SBA loans for construction and mining (except oil well) machinery and equipment merchant wholesalers
462 SBA loans worth $305.2M have been approved in this industry since FY2010 - the #351 most-financed NAICS code in the country.
Median loan
$300,000
+67% vs all industries
Typical range
$50K-$1.9M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
6.0%
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 |
|---|---|---|---|
| First American Bank | 17 | $17.6M | |
| Truist Bank | 17 | $16.6M | |
| The Huntington National Bank | 26 | $13.5M | |
| Small Business Growth Corporation | 9 | $12.7M | |
| Newtek Small Business Finance, Inc. | 9 | $10.1M | |
| Pinnacle Bank | 7 | $8.9M | |
| Wells Fargo Bank | 35 | $8.5M | |
| TD Bank | 15 | $8.1M | |
| Newtek Bank | 6 | $7.0M | |
| Byline Bank | 4 | $6.9M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Florida | 67 | |
| California | 47 | |
| Texas | 30 | |
| Illinois | 27 | |
| Minnesota | 19 | |
| Utah | 17 | |
| Indiana | 16 | |
| Pennsylvania | 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 $50K10%
- $50K - $150K17%
- $150K - $350K27%
- $350K - $1M26%
- $1M - $2M11%
- Over $2M10%
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 construction and mining (except oil well) machinery and equipment merchant wholesalers business?
- The median SBA approval in NAICS 423810 is $300,000, with the middle 80% of loans between $50,000 and $1,864,000. Across all industries the median is $180,000.
- Which lenders are most active in construction and mining (except oil well) machinery and equipment merchant wholesalers?
- By dollars approved: First American Bank, Truist Bank, The Huntington National Bank, Small Business Growth Corporation, Newtek Small Business Finance, Inc.. 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 construction and mining (except oil well) machinery and equipment merchant wholesalers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 6.0% were charged off, versus 7.6% across all SBA lending. That is close to average.
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