SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Iowa: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Iowa. Based on historical SBA 7(a) lending data.
Total Approvals
12
in Iowa
Median Loan Size
$162,500
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 12 approvals on record and a median loan size of $162,500.
Key trends & insights
- Wells Fargo Bank, National Association leads this industry with 2 approvals (17% market share) and a median loan of $7,500.
- Industrial Machinery and Equipment Merchant Wholesalers in Iowa loans skew smaller than the SBA average at $162,500 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 Iowa
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $7,500 | |
| 2 | 1 | $2,850,000 | |
| 3 | 1 | $3,000,000 | |
| 4 | 1 | $45,000 | |
| 5 | 1 | $2,008,900 | |
| 6 | 1 | $500,000 | |
| 7 | 1 | $190,000 | |
| 8 | 1 | $135,000 | |
| 9 | 1 | $60,000 | |
| 10 | 1 | $20,000 | |
| 11 | 1 | $209,300 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Iowa
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | South Story Bank & Trust | Rex*****LLC | Centerville, IA | $3,000,000 |
| 2025-03 | MidWestOne Bank | RCD*****LLC | NORTH LIBERTY, IA | $209,300 |
| 2025-01 | Newtek Bank, National Association | Atl*****mes | Ankeny, IA | $60,000 |
| 2024-11 | U.S. Bank, National Association | BRO*****LLC | AMANA, IA | $45,000 |
| 2024-02 | Lincoln Savings Bank | H a*****LLC | Grinnell, IA | $135,000 |
| 2023-07 | Farmers State Bank | DON*****LES | FAIRBANK, IA | $500,000 |
| 2022-08 | TruBank | Kee*****vis | SWAN, IA | $190,000 |
| 2021-12 | Byline Bank | Pur****orp | WEST DES MOINES, IA | $2,050,000 |
| 2021-11 | Wells Fargo Bank National Association | FAI*****LLC | CLIVE, IA | $5,000 |
| 2021-02 | Wells Fargo Bank National Association | REA*****LLC | KNOXVILLE, IA | $10,000 |
| 2020-08 | Cedar Rapids Bank and Trust Company | JA *****LLC | HIAWATHA, IA | $2,850,000 |
| 2020-04 | Liberty National Bank | Iow*****LLC | BONDURANT, IA | $20,000 |
| 2019-12 | Central Bank | Top*****LLC | Marion, IA | $2,008,900 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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