SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Massachusetts: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
23
in Massachusetts
Median Loan Size
$200,000
per approval
Recent Activity
0
last 90 days through Feb 2025
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 23 approvals on record and a median loan size of $200,000.
Key trends & insights
- Industrial Machinery and Equipment Merchant Wholesalers in Massachusetts lending is concentrated — Eastern Bank, TD Bank, National Association, Rockland Trust Company together account for 57% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Eastern Bank leads this industry with 6 approvals (26% market share) and a median loan of $120,500.
- Industrial Machinery and Equipment Merchant Wholesalers in Massachusetts loans skew smaller than the SBA average at $200,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Industrial Machinery and Equipment Merchant Wholesalers in Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 6 | $120,500 | |
| 2 | 4 | $50,000 | |
| 3 | 3 | $430,000 | |
| 4 | 3 | $200,000 | |
| 5 | 2 | $50,000 | |
| 6 | 1 | $67,000 | |
| 7 | 1 | $200,000 | |
| 8 | 1 | $500,000 | |
| 9 | 1 | $1,110,500 | |
| 10 | 1 | $865,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-02 | Newtek Bank, National Association | Ame*****nc. | Billerica, MA | $500,000 |
| 2025-02 | TD Bank, National Association | S &*****Inc | ATTLEBORO, MA | $250,000 |
| 2025-02 | Salem Five Cents Savings Bank | Blu*****LLC | DANVERS, MA | $50,000 |
| 2025-01 | Celtic Bank Corporation | TWO*****LLC | LYNN, MA | $67,000 |
| 2024-08 | Eastern Bank | WAG*****LLC | NEWTON, MA | $640,000 |
| 2024-06 | Salem Five Cents Savings Bank | COR*****NC. | BEVERLY, MA | $865,000 |
| 2024-05 | Eastern Bank | N&T*****INC | BROCKTON, MA | $50,000 |
| 2024-05 | Eastern Bank | N&T*****INC | BROCKTON, MA | $32,500 |
| 2024-03 | Readycap Lending, LLC | Sk**eez | Sudbury, MA | $50,000 |
| 2023-12 | Readycap Lending, LLC | Mob*****LLC | Mansfield, MA | $50,000 |
| 2023-08 | Celtic Bank Corporation | WEB*****LTD | Hanson, MA | $100,700 |
| 2023-07 | UniBank for Savings | Cen*****LC. | WHITINSVILLE, MA | $25,000 |
| 2023-07 | Brookline Bank, a Division of Beacon Bank and Trust | Cam*****LLC | HOLDEN, MA | $100,000 |
| 2023-04 | TD Bank, National Association | Thi*****C [ | SALEM, MA | $39,000 |
| 2022-11 | Needham Bank | Ryd*****nc. | FITCHBURG, MA | $50,000 |
| 2022-11 | Needham Bank | Ryd*****nc. | FITCHBURG, MA | $53,500 |
| 2022-11 | Needham Bank | Ryd*****nc. | FITCHBURG, MA | $15,000 |
| 2022-11 | Needham Bank | Ryd*****nc. | FITCHBURG, MA | $25,000 |
| 2022-11 | Needham Bank | Ryd*****nc. | FITCHBURG, MA | $113,000 |
| 2022-11 | Needham Bank | Ryd*****nc. | FITCHBURG, MA | $16,800 |
| 2022-11 | Leader Bank, National Association | Hea*****Inc | GREAT BARRINGTON, MA | $200,000 |
| 2022-11 | TD Bank, National Association | New*****LLC | LAWRENCE, MA | $50,000 |
| 2022-11 | TD Bank, National Association | New*****LLC | LAWRENCE, MA | $50,000 |
| 2022-02 | Citizens Bank, National Association | Sim*****LLC | SHREWSBURY, MA | $300,000 |
| 2021-02 | Enterprise Bank & Trust | Joh*****LLC | Uxbridge, MA | $1,110,500 |
| 2020-08 | Eastern Bank | All*****Inc | North Quincy, MA | $868,000 |
| 2020-08 | Eastern Bank | All*****Inc | North Quincy, MA | $130,000 |
| 2020-08 | Eastern Bank | All*****Inc | QUINCY, MA | $111,000 |
| 2020-04 | Eastern Bank | Roc*****LLC | PEMBROKE, MA | $25,000 |
| 2020-02 | Rockland Trust Company | Hea*****nc. | MARBLEHEAD, MA | $564,000 |
| 2020-02 | Citizens Bank, National Association | Eme*****Inc | EAST FREETOWN, MA | $160,000 |
| 2020-02 | Rockland Trust Company | Hea*****nc. | MARBLEHEAD, MA | $350,000 |
| 2020-02 | Rockland Trust Company | Hea*****nc. | MARBLEHEAD, MA | $430,000 |
| 2019-12 | Citizens Bank, National Association | Sim*****LLC | WESTFIELD, MA | $200,000 |
| 2019-12 | Citizens Bank, National Association | SIM*****LLC | WESTFIELD, MA | $200,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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