NAICS 425110 · Wholesale
SBA loans for business to business electronic markets
248 SBA loans worth $97.5M have been approved in this industry since FY2010 - the #490 most-financed NAICS code in the country.
Median loan
$150,000
-17% vs all industries
Typical range
$25K-$1.0M
Middle 80%
Median rate
6.22%
7(a) initial note rate
Median term
7.1 yr
Charge-off rate
14.9%
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 |
|---|---|---|---|
| CDC Small Business Finance Corp. | 5 | $10.0M | |
| Wells Fargo Bank | 14 | $6.3M | |
| Capital Certified Development Corporation | 1 | $5.5M | |
| U.S. Bank | 16 | $3.7M | |
| HomeTrust Bank | 1 | $3.2M | |
| Texas Gulf Bank | 1 | $3.0M | |
| Brighton Bank | 1 | $3.0M | |
| JPMorgan Chase Bank | 24 | $2.9M | |
| Mortgage Capital Development Corporation | 4 | $2.8M | |
| Florida First Capital Finance Corporation, Inc. | 3 | $2.7M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 50 | |
| New York | 28 | |
| Texas | 26 | |
| Pennsylvania | 15 | |
| Florida | 13 | |
| Ohio | 12 | |
| Massachusetts | 11 | |
| Illinois | 11 |
Approvals by fiscal year
’10
’11
’12
’13
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K18%
- $50K - $150K28%
- $150K - $350K23%
- $350K - $1M20%
- $1M - $2M8%
- Over $2M3%
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 business to business electronic markets business?
- The median SBA approval in NAICS 425110 is $150,000, with the middle 80% of loans between $25,000 and $1,030,000. Across all industries the median is $180,000.
- Which lenders are most active in business to business electronic markets?
- By dollars approved: CDC Small Business Finance Corp., Wells Fargo Bank, Capital Certified Development Corporation, U.S. Bank, HomeTrust 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 business to business electronic markets considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 14.9% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
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