NAICS 423840 · Wholesale
SBA loans for industrial supplies merchant wholesalers
974 SBA loans worth $590.8M have been approved in this industry since FY2010 - the #210 most-financed NAICS code in the country.
Median loan
$295,750
+64% vs all industries
Typical range
$30K-$1.7M
Middle 80%
Median rate
6.50%
7(a) initial note rate
Median term
10 yr
Charge-off rate
5.4%
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 |
|---|---|---|---|
| Wells Fargo Bank | 66 | $28.9M | |
| The Huntington National Bank | 61 | $28.7M | |
| U.S. Bank | 53 | $23.6M | |
| JPMorgan Chase Bank | 58 | $16.9M | |
| Newtek Small Business Finance, Inc. | 13 | $13.8M | |
| First Internet Bank of Indiana | 5 | $13.2M | |
| Beacon Bank and Trust | 8 | $13.1M | |
| Fifth Third Bank | 12 | $12.2M | |
| Gulf Coast Bank and Trust Company | 7 | $10.6M | |
| California Statewide Certified Development Corporation | 9 | $10.4M |
Approvals by fiscal year
’10
’11
’12
’13
’14
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’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K13%
- $50K - $150K18%
- $150K - $350K24%
- $350K - $1M27%
- $1M - $2M11%
- Over $2M7%
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 industrial supplies merchant wholesalers business?
- The median SBA approval in NAICS 423840 is $295,750, with the middle 80% of loans between $30,000 and $1,680,000. Across all industries the median is $180,000.
- Which lenders are most active in industrial supplies merchant wholesalers?
- By dollars approved: Wells Fargo Bank, The Huntington National Bank, U.S. Bank, JPMorgan Chase Bank, 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 industrial supplies merchant wholesalers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.4% 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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