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.
- SBA data for this industry goes through 2025-03-26 — 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 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 |
|---|---|---|---|---|
| 2025-09 | U.S. Bank, National Association | JP'*****LLC | BETTENDORF, IA | $70,000 |
| 2025-08 | Northeast Bank | Tee*****LLC | Norwalk, IA | $31,500 |
| 2025-03 | South Story Bank & Trust | Rex*****LLC | Centerville, IA | $3,000,000 |
| 2025-03 | MidWestOne Bank | RCD*****LLC | NORTH LIBERTY, IA | $209,300 |
| 2025-03 | Bankers Trust Company | Leg*****LLC | DES MOINES, IA | $600,000 |
| 2025-01 | U.S. Bank, National Association | JP'*****LLC | BETTENDORF, IA | $25,000 |
| 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 |
| 2024-08 | Northeast Bank | CEN*****NC. | Dubuque, IA | $50,000 |
| 2024-06 | BayFirst National Bank | CEN*****NC. | DUBUQUE, IA | $54,400 |
| 2024-03 | Farmers and Merchants Savings Bank | PRO*****ION | HIAWATHA, IA | $240,000 |
| 2024-03 | West Bank | Pee*****nc. | Des Moines, IA | $929,000 |
| 2024-02 | Lincoln Savings Bank | H a*****LLC | Grinnell, IA | $135,000 |
| 2023-07 | Farmers State Bank | DON*****LES | FAIRBANK, IA | $500,000 |
| 2023-01 | Citizens First Bank | Bal*****LLC | SABULA, IA | $35,000 |
| 2022-11 | South Ottumwa Savings Bank | Jed****ill | OTTUMWA, IA | $395,000 |
| 2022-08 | TruBank | Kee*****vis | SWAN, IA | $190,000 |
| 2022-04 | Byline Bank | Cha*****LLC | ADEL, IA | $2,325,000 |
| 2022-03 | Farmers and Merchants Savings Bank | Nie*****nc. | TRIPOLI, IA | $300,000 |
| 2022-01 | BankOrion | Dri*****nc. | Blue Grass, IA | $222,000 |
| 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 |
| 2021-10 | Clear Lake Bank & Trust Company | Wol****Inc | Mason City, IA | $375,000 |
| 2021-09 | Lincoln Savings Bank | Lil*****Inc | Polk City, IA | $66,000 |
| 2021-07 | 21st Century Bank | NOR*****NC. | DES MOINES, IA | $150,000 |
| 2021-07 | 21st Century Bank | NOR*****NC. | DES MOINES, IA | $763,000 |
| 2021-05 | Falcon National Bank | TAC*****LLC | BRITT, IA | $2,738,000 |
| 2021-02 | Wells Fargo Bank National Association | REA*****LLC | KNOXVILLE, IA | $10,000 |
| 2020-09 | U.S. Bank, National Association | Mor*****LLC | DES MOINES, IA | $50,000 |
| 2020-08 | Cedar Rapids Bank and Trust Company | JA *****LLC | HIAWATHA, IA | $2,850,000 |
| 2020-06 | First Bank | Fet*****LLC | Readlyn, IA | $50,000 |
| 2020-04 | Liberty National Bank | Iow*****LLC | BONDURANT, IA | $20,000 |
| 2019-12 | Central Bank | Top*****LLC | Marion, IA | $2,008,900 |
| 2019-11 | Busey Bank | PA**LLC | Mount Vernon, IA | $300,000 |
| 2019-11 | Busey Bank | PA**LLC | Mount Vernon, IA | $879,200 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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