How much do SBA lenders typically lend to a industrial machinery and equipment merchant wholesalers business?

The median SBA approval in NAICS 423830 is $300,000, with the middle 80% of loans between $38,000 and $1,680,000. Across all industries the median is $180,000.

Which lenders are most active in industrial machinery and equipment merchant wholesalers?

By dollars approved: The Huntington National Bank, Wells Fargo Bank, Live Oak Banking Company, JPMorgan Chase Bank, Regions 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 industrial 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, 4.7% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 423830 · Wholesale

SBA loans for industrial machinery and equipment merchant wholesalers

1,918 SBA loans worth $1.21B have been approved in this industry since FY2010 - the #121 most-financed NAICS code in the country.

Median loan

$300,000

+67% vs all industries

Typical range

$38K-$1.7M

Middle 80%

Median rate

6.25%

7(a) initial note rate

Median term

10 yr

Charge-off rate

4.7%

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
The Huntington National Bank	134	$75.8M
Wells Fargo Bank	114	$66.8M
Live Oak Banking Company	24	$37.9M
JPMorgan Chase Bank	131	$33.0M
Regions Bank	20	$31.6M
U.S. Bank	69	$27.1M
Truist Bank	30	$23.9M
TD Bank	73	$22.9M
Fifth Third Bank	36	$22.8M
KeyBank	29	$22.1M

Geography

Where these loans were made

State	Loans	Share
California	199
Texas	189
Florida	169
Ohio	155
Illinois	108
Michigan	99
New York	80
Pennsylvania	69

Approvals by fiscal year

’10

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Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
12%
$50K - $150K
20%
$150K - $350K
22%
$350K - $1M
27%
$1M - $2M
11%
Over $2M
9%

Nearby

Other wholesale industries

See the sector

Other Miscellaneous Durable Goods Merchant Wholesalers4,432 · $296,000 Other Miscellaneous Nondurable Goods Merchant Wholesalers3,598 · $270,000 Other Grocery and Related Products Merchant Wholesalers2,289 · $150,000 Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers1,953 · $150,000 Sporting and Recreational Goods and Supplies Merchant Wholesalers1,706 · $191,750 Wholesale Trade Agents and Brokers1,547 · $180,000 Recyclable Material Merchant Wholesalers1,450 · $350,000 Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers1,431 · $250,000

Common questions

How much do SBA lenders typically lend to a industrial machinery and equipment merchant wholesalers business?: The median SBA approval in NAICS 423830 is $300,000, with the middle 80% of loans between $38,000 and $1,680,000. Across all industries the median is $180,000.
Which lenders are most active in industrial machinery and equipment merchant wholesalers?: By dollars approved: The Huntington National Bank, Wells Fargo Bank, Live Oak Banking Company, JPMorgan Chase Bank, Regions 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 industrial 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, 4.7% 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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