SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in New Jersey: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in New Jersey. Based on historical SBA 7(a) lending data.
Total Approvals
62
in New Jersey
Median Loan Size
$190,000
per approval
Recent Activity
9
last 90 days through Dec 2025
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 62 approvals on record and a median loan size of $190,000.
Key trends & insights
- TD Bank, National Association leads this industry with 14 approvals (26% market share) and a median loan of $75,000.
- Industrial Machinery and Equipment Merchant Wholesalers in New Jersey loans skew smaller than the SBA average at $190,000 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 New Jersey
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 14 | $75,000 | |
| 2 | 5 | $80,000 | |
| 3 | 5 | $700,000 | |
| 4 | 3 | $15,000 | |
| 5 | 3 | $500,000 | |
| 6 | 3 | $180,000 | |
| 7 | 2 | $37,000 | |
| 8 | 2 | $2,750,000 | |
| 9 | 2 | $1,162,500 | |
| 10 | 2 | $200,000 | |
| 11 | 2 | $2,100,000 | |
| 12 | 2 | $150,000 | |
| 13 | 1 | $150,000 | |
| 14 | 1 | $350,000 | |
| 15 | 1 | $150,000 | |
| 16 | 1 | $531,000 | |
| 17 | 1 | $520,000 | |
| 18 | 1 | $200,000 | |
| 19 | 1 | $268,000 | |
| 20 | 1 | $150,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in New Jersey
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | The Bancorp Bank National Association | Mut*****ted | Lawrence Township, NJ | $1,199,000 |
| 2025-12 | First Bank of the Lake | D'm*****LLC | DEMAREST, NJ | $150,000 |
| 2025-08 | FinWise Bank | Nat*****nc. | Linden, NJ | $700,000 |
| 2025-08 | Manufacturers and Traders Trust Company | PER*****ANY | WESTAMPTON, NJ | $85,000 |
| 2025-08 | TD Bank, National Association | Sou*****LLC | JERSEY CITY, NJ | $200,000 |
| 2025-07 | Colony Bank | All*****rp. | Passaic, NJ | $150,000 |
| 2025-06 | TD Bank, National Association | GSI*****LLC | ATCO, NJ | $25,000 |
| 2025-06 | Live Oak Banking Company | Blo*****Inc | PENNSAUKEN, NJ | $5,000,000 |
| 2025-06 | FinWise Bank | Bes*****LLC | Mahwah, NJ | $350,000 |
| 2025-05 | TD Bank, National Association | Are*****LLC | SPARTA, NJ | $25,000 |
| 2025-04 | Northeast Bank | Cit*****LLC | Newark, NJ | $500,000 |
| 2025-04 | Northeast Bank | HNS*****LLC | Princeton, NJ | $500,000 |
| 2025-03 | Ponce Bank National Association | Jig*****ion | Paramus, NJ | $733,500 |
| 2024-11 | Northeast Bank | Der*****nc. | GREENBROOK, NJ | $250,000 |
| 2024-08 | FinWise Bank | Bor*****Inc | Linden, NJ | $350,000 |
| 2024-08 | TD Bank, National Association | OFF*****LLC | SEWELL, NJ | $25,000 |
| 2024-08 | Heritage Bank Inc | EMS*****.C. | WESTVILLE, NJ | $150,000 |
| 2024-08 | Readycap Lending, LLC | JPG*****LLC | Cherry Hill, NJ | $24,000 |
| 2024-07 | Newtek Bank, National Association | Arc*****Inc | Mt Laurel Township, NJ | $250,000 |
| 2024-07 | JPMorgan Chase Bank, National Association | Mic*****Llc | TRENTON, NJ | $64,000 |
| 2024-05 | BayFirst National Bank | TRE*****NC. | EAST RUTHERFORD, NJ | $150,000 |
| 2024-02 | BayFirst National Bank | JP *****LLC | LITTLE FERRY, NJ | $150,000 |
| 2024-02 | PNC Bank, National Association | Pri*****Inc | MOORESTOWN, NJ | $20,000 |
| 2024-02 | TD Bank, National Association | LJM*****LLC | MEDFORD, NJ | $25,000 |
| 2024-01 | Newtek Bank, National Association | Sho*****LLC | Paterson, NJ | $150,000 |
| 2023-11 | Readycap Lending, LLC | YOU*****LLC | NEWARK, NJ | $50,000 |
| 2023-08 | TD Bank, National Association | Bod*****LLC | LONG BRANCH, NJ | $25,000 |
| 2023-08 | PNC Bank, National Association | PRO*****LLC | STEWARTSVILLE, NJ | $50,000 |
| 2023-07 | TD Bank, National Association | 287*****LLC | KEARNY, NJ | $1,354,000 |
| 2023-03 | Trenton Business Assistance Corporation | LC *****INC | Ocean Township, NJ | $150,000 |
| 2023-03 | Univest Bank and Trust Co | Kaa*****LLC | Iselin, NJ | $300,000 |
| 2023-02 | BayFirst National Bank | HUN****LLC | FAIRVIEW, NJ | $150,000 |
| 2023-01 | 22nd State Bank, A Division of 22nd State Banking Company | Lee*****LLC | HOWELL, NJ | $734,000 |
| 2022-11 | Newtek Small Business Finance, Inc. | Arc*****nc. | MOUNT LAUREL, NJ | $500,000 |
| 2022-11 | Manufacturers and Traders Trust Company | DEL*****CES | CHERRY HILL, NJ | $100,000 |
| 2022-11 | Manufacturers and Traders Trust Company | DEL*****CES | CHERRY HILL, NJ | $50,200 |
| 2022-11 | First Internet Bank of Indiana | Mut*****LLC | ROCHELLE PARK, NJ | $350,000 |
| 2022-11 | TD Bank, National Association | M a*****als | LAKEWOOD, NJ | $150,000 |
| 2022-11 | First Internet Bank of Indiana | Mut*****LLC | ROCHELLE PARK, NJ | $1,975,000 |
| 2022-10 | NewBank | Woo****Inc | Dayton, NJ | $520,000 |
| 2022-08 | TD Bank, National Association | D&S*****Inc | JERSEY CITY, NJ | $150,000 |
| 2022-07 | Wilmington Savings Fund Society FSB | MOB*****LLC | TETERBORO, NJ | $531,000 |
| 2022-06 | Wells Fargo Bank National Association | DOR*****LLC | LITTLE FALLS, NJ | $454,700 |
| 2022-06 | MVB Bank, Inc. | Exp*****Inc | NORTH BERGEN, NJ | $3,395,000 |
| 2022-06 | Wells Fargo Bank National Association | UNS*****LLC | MORRISTOWN, NJ | $15,000 |
| 2022-06 | PNC Bank, National Association | DES*****LLC | LODI, NJ | $100,000 |
| 2022-04 | Wells Fargo Bank National Association | ADD*****LLC | IRVINGTON, NJ | $15,000 |
| 2022-04 | Manufacturers and Traders Trust Company | BES*****LLC | PATERSON, NJ | $80,000 |
| 2022-04 | TD Bank, National Association | All*****inc | EAST BRUNSWICK, NJ | $75,000 |
| 2022-04 | TD Bank, National Association | SKY*****LLC | HILLSBOROUGH, NJ | $75,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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