SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Maine: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Maine. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Maine
Median Loan Size
$131,300
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $131,300.
Key trends & insights
- Industrial Machinery and Equipment Merchant Wholesalers in Maine lending is concentrated — Bangor Savings Bank, Katahdin Trust Company, Manufacturers AND Traders Trust Company together account for 80% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Bangor Savings Bank leads this industry with 2 approvals (40% market share) and a median loan of $165,650.
- Industrial Machinery and Equipment Merchant Wholesalers in Maine loans skew smaller than the SBA average at $131,300 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2025-03-25 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Industrial Machinery and Equipment Merchant Wholesalers in Maine
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $165,650 | |
| 2 | 1 | $432,000 | |
| 3 | 1 | $25,000 | |
| 4 | 1 | $90,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Maine
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Katahdin Trust Company | Cob*****nc. | OLD ORCHARD BEACH, ME | $500,000 |
| 2025-03 | Katahdin Trust Company | Aub*****LLC | AUBURN, ME | $432,000 |
| 2025-02 | Manufacturers and Traders Trust Company | Buz*****LLC | KENNEBUNK, ME | $25,000 |
| 2025-01 | Bar Harbor Bank & Trust | Rai*****LLC | DETROIT, ME | $480,000 |
| 2025-01 | Bar Harbor Bank & Trust | Rai*****LLC | DETROIT, ME | $400,000 |
| 2025-01 | Manufacturers and Traders Trust Company | CIA*****Inc | LIMERICK, ME | $25,000 |
| 2024-03 | Bangor Savings Bank | Ape*****LLC | BUXTON, ME | $400,000 |
| 2023-08 | TD Bank, National Association | 4B *****nc. | DURHAM, ME | $90,000 |
| 2023-02 | Bangor Savings Bank | Dew*****LLC | LIBERTY, ME | $131,300 |
| 2022-08 | TD Bank, National Association | Pla*****ore | FRYEBURG, ME | $125,000 |
| 2022-08 | Katahdin Trust Company | Bye*****LLC | POLAND, ME | $350,000 |
| 2021-08 | Bangor Savings Bank | APE*****LLC | BUXTON, ME | $200,000 |
| 2020-08 | Franklin Savings Bank | Nor*****Inc | ELLSWORTH, ME | $50,000 |
| 2019-10 | TD Bank, National Association | TDR*****NC. | Boothbay Harbor, ME | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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