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NAICS 423820 · Wholesale
SBA loans for farm and garden machinery and equipment merchant wholesalers
405 SBA loans worth $302.9M have been approved in this industry since FY2010 - the #375 most-financed NAICS code in the country.
Median loan
$350,000
+94% vs all industries
Typical range
$35K-$2.0M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
3.5%
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 |
|---|---|---|---|
| Banesco USA | 17 | $32.5M | |
| OakStar Bank | 15 | $29.3M | |
| Newtek Bank | 4 | $13.3M | |
| The Huntington National Bank | 13 | $9.7M | |
| Dakota Business Lending | 5 | $6.9M | |
| Alerus Financial | 2 | $6.5M | |
| U.S. Bank | 14 | $6.2M | |
| Midwest Business Finance Corporation | 3 | $6.1M | |
| Florida Business Development Corporation | 2 | $5.3M | |
| Mortgage Capital Development Corporation | 3 | $5.2M |
An SBA 7(a) lender for loans this size
50% of the SBA loans approved in farm and garden machinery and equipment merchant wholesalers since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K12%
- $50K - $150K15%
- $150K - $350K22%
- $350K - $1M24%
- $1M - $2M14%
- Over $2M13%
Franchise brands in Farm and Garden Machinery and Equipment Merchant Wholesalers
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Conserva Irrigation | 1 | $180K |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other wholesale industries
Common questions
- How much do SBA lenders typically lend to a farm and garden machinery and equipment merchant wholesalers business?
- The median SBA approval in NAICS 423820 is $350,000, with the middle 80% of loans between $35,000 and $2,030,000. Across all industries the median is $180,000.
- Which lenders are most active in farm and garden machinery and equipment merchant wholesalers?
- By dollars approved: Banesco USA, OakStar Bank, Newtek Bank, The Huntington National Bank, Dakota Business Lending. 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 farm and garden 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, 3.5% 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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