SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in North Dakota: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in North Dakota. Based on historical SBA 7(a) lending data.
Total Approvals
3
in North Dakota
Median Loan Size
$50,000
per approval
Recent Activity
0
last 90 days through Aug 2021
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $50,000.
Key trends & insights
- Industrial Machinery and Equipment Merchant Wholesalers in North Dakota lending is concentrated — U.s. Bank, National Association, Aspire Bank, Black Hills FCU together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- U.s. Bank, National Association leads this industry with 1 approvals (33% market share) and a median loan of $75,000.
- Industrial Machinery and Equipment Merchant Wholesalers in North Dakota loans skew smaller than the SBA average at $50,000 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 2021-08-13 — 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 North Dakota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $75,000 | |
| 2 | 1 | $25,000 | |
| 3 | 1 | $50,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in North Dakota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-07 | Alerus Financial, National Association | TMS*****LLC | Northwood, ND | $500,000 |
| 2024-07 | Alerus Financial, National Association | TMS*****LLC | Northwood, ND | $2,591,200 |
| 2021-08 | Black Hills FCU | NUW*****LLC | WILLISTON, ND | $50,000 |
| 2020-07 | U.S. Bank, National Association | SYN*****LLC | WILLISTON, ND | $75,000 |
| 2020-05 | Aspire Bank | Min*****nge | FARGO, ND | $25,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet