SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers: Top Lenders & Recent Approvals
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. Based on historical SBA 7(a) lending data.
Total Approvals
1,798
for Industrial Machinery and Equipment Merchant Wholesalers
Median Loan Size
$250,000
per approval
Recent Activity
113
last 90 days through Dec 2025
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is one of the more actively funded industries through SBA 7(a) lending, with 1,798 approvals on record and a median loan size of $250,000.
Key trends & insights
- Loan sizes vary dramatically by location — the median in Alabama ($776,200) is 31.0x higher than Delaware ($25,000).
Lending trends for Industrial Machinery and Equipment Merchant Wholesalers
Top lenders by historical volume
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 68 | $100,000 | |
| 2 | 66 | $150,000 | |
| 3 | 47 | $50,000 | |
| 4 | 44 | $250,000 | |
| 5 | 40 | $150,000 | |
| 6 | 36 | $300,000 | |
| 7 | 31 | $250,000 | |
| 8 | 31 | $150,000 | |
| 9 | 30 | $30,000 | |
| 10 | 26 | $50,000 | |
| 11 | 24 | $100,000 | |
| 12 | 19 | $725,000 | |
| 13 | 18 | $453,000 | |
| 14 | 15 | $150,000 | |
| 15 | 15 | $150,000 | |
| 16 | 14 | $350,000 | |
| 17 | 13 | $125,000 | |
| 18 | 12 | $350,000 | |
| 19 | 11 | $480,200 | |
| 20 | 10 | $2,044,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Northwest Bank | Fir*****LLC | COLUMBUS, OH | $5,000,000 |
| 2025-12 | Manufacturers and Traders Trust Company | Met*****nc. | FREDERICK, MD | $325,000 |
| 2025-12 | Newtek Bank, National Association | Sky*****nc. | DALLAS, TX | $2,500,000 |
| 2025-12 | Newtek Bank, National Association | Rin****LLC | MIAMI, FL | $125,000 |
| 2025-12 | Citizens State Bank | EP *****nc. | BLOOMINGTON, MN | $2,530,400 |
| 2025-12 | Columbia Bank | Cla*****nc. | PORTLAND, OR | $50,000 |
| 2025-12 | Cadence Bank | Mot*****LLC | HUNTINGTON BEACH, CA | $55,000 |
| 2025-12 | UMB Bank, National Association | Ryn*****LLC | SCOTTSDALE, AZ | $639,000 |
| 2025-12 | Zions Bank, A Division of | RME*****orp | WEST VALLEY CITY, UT | $250,000 |
| 2025-12 | Cogent Bank | Lif****LLC | OCALA, FL | $750,000 |
| 2025-12 | Columbia Bank | Cla*****nc. | PORTLAND, OR | $50,000 |
| 2025-12 | The Huntington National Bank | Sca*****LLC | ALLENDALE, MI | $350,000 |
| 2025-12 | Readycap Lending, LLC | Dig*****LLC | SIMI VALLEY, CA | $120,000 |
| 2025-12 | FinWise Bank | Hea*****nc. | Brooklyn, NY | $5,000,000 |
| 2025-12 | WaFd Bank | Coc*****LLC | SIERRA VISTA, AZ | $84,000 |
| 2025-12 | U.S. Bank, National Association | FCD*****LLC | MILL VALLEY, CA | $20,000 |
| 2025-12 | Live Oak Banking Company | Gen*****nc. | CARROLLTON, TX | $3,372,000 |
| 2025-12 | First Savings Bank | R.A*****any | STAMFORD, CT | $960,000 |
| 2025-12 | Celtic Bank Corporation | Tri*****ect | WAKE FOREST, NC | $150,000 |
| 2025-12 | U.S. Bank, National Association | VUL*****LLC | TORRANCE, CA | $2,475,000 |
| 2025-12 | The Huntington National Bank | Lyd*****LLC | TEMPERANCE, MI | $60,000 |
| 2025-12 | Celtic Bank Corporation | FIR*****RTS | NAPERVILLE, IL | $150,000 |
| 2025-12 | U.S. Bank, National Association | COR*****LLC | MINNEAPOLIS, MN | $250,000 |
| 2025-12 | Northeast Bank | Rid*****LLC | Villa Grove, IL | $180,000 |
| 2025-12 | Northeast Bank | ROD*****INC | San Bernardino, CA | $60,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Activity by state
State-by-state breakdown
| # | State | Approvals |
|---|---|---|
| 1 | California | 273 |
| 2 | Florida | 231 |
| 3 | New York | 157 |
| 4 | Texas | 148 |
| 5 | Ohio | 77 |
| 6 | New Jersey | 62 |
| 7 | Pennsylvania | 58 |
| 8 | Michigan | 56 |
| 9 | Illinois | 56 |
| 10 | Minnesota | 55 |
| 11 | Georgia | 46 |
| 12 | Utah | 39 |
| 13 | Wisconsin | 35 |
| 14 | Arizona | 35 |
| 15 | Washington | 35 |
| 16 | Colorado | 33 |
| 17 | North Carolina | 30 |
| 18 | Indiana | 28 |
| 19 | Missouri | 28 |
| 20 | Massachusetts | 23 |
| 21 | Tennessee | 23 |
| 22 | Connecticut | 20 |
| 23 | Puerto Rico | 20 |
| 24 | Virginia | 19 |
| 25 | Oregon | 18 |
SBA loans for Industrial Machinery and Equipment Merchant Wholesalers by state
Similar industries
Frequently asked questions about SBA loans for Industrial Machinery and Equipment Merchant Wholesalers
Who are the top SBA lenders for Industrial Machinery and Equipment Merchant Wholesalers?▾
Based on historical SBA 7(a) data, the most active lenders for Industrial Machinery and Equipment Merchant Wholesalers (NAICS 423) include TD Bank, National Association, THE Huntington National Bank, U.s. Bank, National Association, and 17 more. TD Bank, National Association leads with 68 approved loans.
What is the typical SBA loan size for Industrial Machinery and Equipment Merchant Wholesalers?▾
The median SBA 7(a) loan amount for Industrial Machinery and Equipment Merchant Wholesalers businesses is $250,000, based on 1,798 total approved loans in the dataset.
Which states have the most SBA lending activity for Industrial Machinery and Equipment Merchant Wholesalers?▾
California leads with 273 SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers, followed by Florida (231) and New York (157).
How do I find the best SBA lender for my industrial machinery and equipment merchant wholesalers business?▾
Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 423. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.
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