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 |
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 - $150K15%
- $150K - $350K22%
- $350K - $1M24%
- $1M - $2M14%
- Over $2M13%
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 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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