SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers: Top Lenders & Recent Approvals

NAICS 423

NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. Based on historical SBA 7(a) lending data.

Total Approvals

1,798

for Industrial Machinery and Equipment Merchant Wholesalers

Median Loan Size

$250,000

per approval

Recent Activity

113

last 90 days through Dec 2025

NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is one of the more actively funded industries through SBA 7(a) lending, with 1,798 approvals on record and a median loan size of $250,000.

Key trends & insights

  • Total SBA dollars flowing into this industry decreased by 30% year-over-year, reaching $202,015,900 in the trailing 12 months.
  • The typical loan size for industrial machinery and equipment merchant wholesalers has decreased 47% — average median moving from $458,500 to $245,067.
  • Loan sizes vary dramatically by location — the median in Alabama ($776,200) is 31.0x higher than Delaware ($25,000).

Lending trends for Industrial Machinery and Equipment Merchant Wholesalers

4%loan volume YoY
30%dollar volume YoY
Total loaned ($)
Median loan size
May '21Aug '21Dec '21Mar '22Jun '22Oct '22Jan '23Apr '23

Top lenders by historical volume

#LenderApprovalsMedian Size
168$100,000
266$150,000
347$50,000
444$250,000
540$150,000
636$300,000
731$250,000
831$150,000
930$30,000
1026$50,000
1124$100,000
1219$725,000
1318$453,000
1415$150,000
1515$150,000
1614$350,000
1713$125,000
1812$350,000
1911$480,200
2010$2,044,000

Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers

MonthLenderBorrowerAmount
2025-12Brookline Bank, a Division of Beacon Bank and Trust88 *****LLC$2,235,000
2025-12CenTrust Bank, A Division of SmartBiz Bank National AssociatSol*****LLC$150,000
2025-12JPMorgan Chase Bank, National AssociationThe*****nc.$500,000
2025-12Manufacturers and Traders Trust CompanyGun*****LLC$8,000
2025-12TD Bank, National AssociationAVI*****NC.$250,000
2025-12Lendistry SBLC, LLCNUB****INC$350,000
2025-12First Bank of the LakeD'm*****LLC$150,000
2025-12Live Oak Banking CompanySta*****Co.$3,130,000
2025-12The Bancorp Bank National AssociationMut*****ted$1,199,000
2025-11Webster Bank National AssociationTUL*****TED$1,400,000
2025-11TD Bank, National AssociationPar*****LLC$210,000
2025-11Midwest Regional BankEur*****LLC$977,000
2025-11TD Bank, National AssociationTRG*****LLC$1,065,000
2025-11Banco Popular de Puerto RicoINT*****LLC$200,000
2025-11FFB BankTXU*****LLC$265,000
2025-11Northeast BankPD *****NC.$150,000
2025-11CenTrust Bank, A Division of SmartBiz Bank National AssociatCRE*****.C.$150,000
2025-11Celtic Bank CorporationBAS*****LLC$150,000
2025-11JPMorgan Chase Bank, National AssociationFle*****orp$40,000
2025-11Newtek Bank, National AssociationDic****Inc$125,000
2025-11The Huntington National BankHub*****LLC$92,400
2025-11Northwest BankFla*****LLC$793,000
2025-11Cadence BankEM***INC$350,000
2025-11Celtic Bank CorporationEPI*****ION$150,000
2025-11Harvest Small Business Finance, LLCFt***pos$340,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

Activity by state

State-by-state breakdown

#StateApprovals
1California273
2Florida231
3New York157
4Texas148
5Ohio77
6New Jersey62
7Pennsylvania58
8Michigan56
9Illinois56
10Minnesota55
11Georgia46
12Utah39
13Wisconsin35
14Arizona35
15Washington35
16Colorado33
17North Carolina30
18Indiana28
19Missouri28
20Massachusetts23
21Tennessee23
22Connecticut20
23Puerto Rico20
24Virginia19
25Oregon18

SBA loans for Industrial Machinery and Equipment Merchant Wholesalers by state

Similar industries

Frequently asked questions about SBA loans for Industrial Machinery and Equipment Merchant Wholesalers

Who are the top SBA lenders for Industrial Machinery and Equipment Merchant Wholesalers?

Based on historical SBA 7(a) data, the most active lenders for Industrial Machinery and Equipment Merchant Wholesalers (NAICS 423) include TD Bank, National Association, THE Huntington National Bank, U.s. Bank, National Association, and 17 more. TD Bank, National Association leads with 68 approved loans.

What is the typical SBA loan size for Industrial Machinery and Equipment Merchant Wholesalers?

The median SBA 7(a) loan amount for Industrial Machinery and Equipment Merchant Wholesalers businesses is $250,000, based on 1,798 total approved loans in the dataset.

Which states have the most SBA lending activity for Industrial Machinery and Equipment Merchant Wholesalers?

California leads with 273 SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers, followed by Florida (231) and New York (157).

How do I find the best SBA lender for my industrial machinery and equipment merchant wholesalers business?

Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 423. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.

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