SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Virginia: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Virginia. Based on historical SBA 7(a) lending data.
Total Approvals
19
in Virginia
Median Loan Size
$150,000
per approval
Recent Activity
1
last 90 days through Aug 2025
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 19 approvals on record and a median loan size of $150,000.
Key trends & insights
- Newtek Bank, National Association leads this industry with 4 approvals (21% market share) and a median loan of $475,000.
- Industrial Machinery and Equipment Merchant Wholesalers in Virginia loans skew smaller than the SBA average at $150,000 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 Virginia
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 4 | $475,000 | |
| 2 | 2 | $445,000 | |
| 3 | 2 | $427,000 | |
| 4 | 2 | $100,000 | |
| 5 | 1 | $654,200 | |
| 6 | 1 | $15,000 | |
| 7 | 1 | $25,000 | |
| 8 | 1 | $500,000 | |
| 9 | 1 | $54,000 | |
| 10 | 1 | $150,000 | |
| 11 | 1 | $150,000 | |
| 12 | 1 | $1,047,000 | |
| 13 | 1 | $50,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Virginia
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Newtek Bank, National Association | Mil*****llc | FAIRFAX, VA | $450,000 |
| 2025-05 | Harvest Small Business Finance, LLC | Boy*****LLC | HAMPTON, VA | $692,000 |
| 2025-01 | Newtek Bank, National Association | GF *****LLC | LOUISA, VA | $250,000 |
| 2024-02 | Manufacturers and Traders Trust Company | FOC*****INC | FAIRFAX, VA | $50,000 |
| 2024-02 | Celtic Bank Corporation | SEA*****NC. | WOODBRIDGE, VA | $150,000 |
| 2024-01 | Newtek Bank, National Association | GF *****LLC | Louisa, VA | $925,000 |
| 2023-10 | SouthState Bank, National Association | Sou*****LLC | Dillwyn, VA | $125,000 |
| 2023-08 | Newtek Bank, National Association | EFF*****LLC | CLIFTON, VA | $500,000 |
| 2023-01 | BayFirst National Bank | The*****nc. | KESWICK, VA | $150,000 |
| 2023-01 | Readycap Lending, LLC | Nor*****LLC | NORFOLK, VA | $54,000 |
| 2022-07 | Wells Fargo Bank National Association | REN*****RGY | VIRGINIA BEACH, VA | $15,000 |
| 2022-03 | Newtek Small Business Finance, Inc. | JT *****NC. | VIENNA, VA | $54,000 |
| 2022-03 | Newtek Small Business Finance, Inc. | NAL*****NAL | MANASSAS, VA | $800,000 |
| 2022-02 | TowneBank | Vir*****LLC | RICHMOND, VA | $654,200 |
| 2022-02 | Cadence Bank | Tal*****nc. | PORTSMOUTH, VA | $350,000 |
| 2021-12 | KeyBank National Association | Boj*****LLC | Mechanicsville, VA | $25,000 |
| 2021-08 | SouthState Bank, National Association | M&M*****nc. | NORTH CHESTERFIELD, VA | $765,000 |
| 2021-08 | Capital Bank, National Association | Mil*****llc | FAIRFAX, VA | $100,000 |
| 2021-05 | Bank of America, National Association | MJL*****LLC | Virginia Beach, VA | $500,000 |
| 2021-04 | Wells Fargo Bank National Association | M S*****ION | FAIRFAX, VA | $15,000 |
| 2021-01 | Capital Bank, National Association | Mil*****llc | FAIRFAX, VA | $100,000 |
| 2019-10 | Metro City Bank | K &*****nc. | CHANTILLY, VA | $1,047,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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