SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Alabama: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Alabama. Based on historical SBA 7(a) lending data.
Total Approvals
10
in Alabama
Median Loan Size
$776,200
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 10 approvals on record and a median loan size of $776,200.
Key trends & insights
- Friend Bank leads this industry with 2 approvals (20% market share) and a median loan of $130,350.
- Industrial Machinery and Equipment Merchant Wholesalers in Alabama loans run larger than the SBA average — a $776,200 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2025-02-28 — 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 Alabama
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $130,350 | |
| 2 | 1 | $1,250,000 | |
| 3 | 1 | $2,000,000 | |
| 4 | 1 | $677,400 | |
| 5 | 1 | $50,000 | |
| 6 | 1 | $962,800 | |
| 7 | 1 | $890,000 | |
| 8 | 1 | $264,600 | |
| 9 | 1 | $875,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Alabama
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-09 | The Citizens National Bank of Meridian | Sun*****nts | JACKSON, AL | $104,500 |
| 2025-09 | Stone Bank | SUP*****.C. | ANDALUSIA, AL | $150,000 |
| 2025-09 | KeyBank National Association | GRI*****LLC | GURLEY, AL | $324,300 |
| 2025-09 | KeyBank National Association | GRI*****LLC | GURLEY, AL | $75,000 |
| 2025-02 | Regions Bank | Dav*****ing | BESSEMER, AL | $264,600 |
| 2025-01 | Community Bank of Mississippi | Mob*****Inc | THEODORE, AL | $150,000 |
| 2025-01 | ServisFirst Bank | Bui*****LLC | Bessemer, AL | $1,270,000 |
| 2024-12 | Northeast Bank | CA**llc | Decatur, AL | $50,000 |
| 2024-12 | First Internet Bank of Indiana | The*****ter | MADISON, AL | $1,685,000 |
| 2024-09 | Millennial Bank | DJC*****ion | Alabaster, AL | $1,373,000 |
| 2024-08 | Celtic Bank Corporation | Hun*****LLC | Huntsville, AL | $962,800 |
| 2024-08 | Oakworth Capital Bank | Woo*****LLC | Gardendale, AL | $1,250,000 |
| 2024-08 | Newtek Bank, National Association | Cor*****nc. | MADISON, AL | $250,000 |
| 2024-06 | SouthPoint Bank | Wes*****LLC | Gordo, AL | $171,000 |
| 2024-04 | Live Oak Banking Company | Cor*****LLC | STAPLETON, AL | $350,000 |
| 2024-04 | Live Oak Banking Company | Cor*****LLC | STAPLETON, AL | $1,120,000 |
| 2024-03 | Newtek Bank, National Association | Cor*****nc. | MADISON, AL | $2,200,000 |
| 2024-01 | Metro City Bank | Gum*****LLC | AUBURN, AL | $500,000 |
| 2024-01 | BayFirst National Bank | Aut*****LLC | FOLEY, AL | $150,000 |
| 2023-12 | Cadence Bank | Saw*****LLC | SCOTTSBORO, AL | $2,702,500 |
| 2023-08 | BayFirst National Bank | Tus*****LLC | TUSCALOOSA, AL | $50,000 |
| 2023-08 | Millennial Bank | Cov*****LLC | Rainbow City, AL | $872,000 |
| 2023-07 | Sabre Finance | Che*****rts | Birmingham, AL | $200,000 |
| 2023-03 | SouthState Bank, National Association | HH *****INC | BIRMINGHAM, AL | $1,145,000 |
| 2023-02 | Oakworth Capital Bank | Gul*****nc. | Mobile, AL | $778,500 |
| 2023-01 | Millennial Bank | DJC*****ion | Irondale, AL | $329,000 |
| 2023-01 | Community Bank of Mississippi | Ryn*****Inc | HOOVER, AL | $681,000 |
| 2022-08 | Newtek Small Business Finance, Inc. | Oxy*****LLC | MOBILE, AL | $200,000 |
| 2022-08 | ServisFirst Bank | OLP*****LLC | Pelham, AL | $677,400 |
| 2022-07 | Readycap Lending, LLC | Pam*****ons | York, AL | $25,000 |
| 2022-03 | Newtek Small Business Finance, Inc. | Gho*****LLC | HOOVER, AL | $600,000 |
| 2022-01 | Millennial Bank | DJC*****ion | Irondale, AL | $890,000 |
| 2021-09 | Metro City Bank | SM *****LLC | OPELIKA, AL | $1,310,000 |
| 2021-07 | Community Bank of Mississippi | Ryn*****Inc | HOOVER, AL | $250,000 |
| 2021-06 | Regions Bank | Tug*****LLC | MOBILE, AL | $150,000 |
| 2021-06 | Regions Bank | Tug*****LLC | MOBILE, AL | $866,000 |
| 2021-05 | Friend Bank | Sou*****LLC | DOTHAN, AL | $110,700 |
| 2021-05 | Newtek Small Business Finance, Inc. | HOL*****LLC | HARTSELLE, AL | $2,000,000 |
| 2021-05 | Renasant Bank | Dav*****Inc | HARPERSVILLE, AL | $1,522,100 |
| 2021-05 | Friend Bank | Sou*****LLC | DOTHAN, AL | $85,000 |
| 2021-04 | The State Bank of Faribault | Har*****LLC | HOOVER, AL | $350,000 |
| 2020-12 | Oakworth Capital Bank | Key*****nc. | Birmingham, AL | $1,237,200 |
| 2020-11 | Friend Bank | Sou*****LLC | DOTHAN, AL | $150,000 |
| 2020-10 | United Bank | Rhi*****LLC | Foley, AL | $220,000 |
| 2020-09 | Friend Bank | Sou*****LLC | DOTHAN, AL | $150,000 |
| 2020-07 | Community Bank of Mississippi | Ryn*****Inc | HOOVER, AL | $640,000 |
| 2020-03 | Friend Bank | Hel*****.C. | SLOCOMB, AL | $62,000 |
| 2020-02 | Community Bank of Mississippi | Ryn*****Inc | HOOVER, AL | $875,000 |
| 2019-11 | Wells Fargo Bank National Association | L &*****O'S | PIEDMONT, AL | $15,000 |
| 2019-10 | Regions Bank | CAH*****NC. | TUSCALOOSA, AL | $2,000,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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