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.
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 |
|---|---|---|---|---|
| 2025-02 | Regions Bank | Dav*****ing | BESSEMER, AL | $264,600 |
| 2024-08 | Celtic Bank Corporation | Hun*****LLC | Huntsville, AL | $962,800 |
| 2024-08 | Oakworth Capital Bank | Woo*****LLC | Gardendale, AL | $1,250,000 |
| 2023-08 | BayFirst National Bank | Tus*****LLC | TUSCALOOSA, AL | $50,000 |
| 2023-08 | Millennial Bank | Cov*****LLC | Rainbow City, AL | $872,000 |
| 2022-08 | ServisFirst Bank | OLP*****LLC | Pelham, AL | $677,400 |
| 2022-07 | Readycap Lending, LLC | Pam*****ons | York, AL | $25,000 |
| 2022-01 | Millennial Bank | DJC*****ion | Irondale, AL | $890,000 |
| 2021-05 | Friend Bank | Sou*****LLC | DOTHAN, AL | $110,700 |
| 2021-05 | Newtek Small Business Finance, Inc. | HOL*****LLC | HARTSELLE, AL | $2,000,000 |
| 2020-11 | Friend Bank | Sou*****LLC | DOTHAN, AL | $150,000 |
| 2020-02 | Community Bank of Mississippi | Ryn*****Inc | HOOVER, AL | $875,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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