SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Massachusetts: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
23
in Massachusetts
Median Loan Size
$200,000
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 23 approvals on record and a median loan size of $200,000.
Key trends & insights
- Industrial Machinery and Equipment Merchant Wholesalers in Massachusetts lending is concentrated — Eastern Bank, TD Bank, National Association, Rockland Trust Company together account for 57% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Eastern Bank leads this industry with 6 approvals (26% market share) and a median loan of $120,500.
- Industrial Machinery and Equipment Merchant Wholesalers in Massachusetts loans skew smaller than the SBA average at $200,000 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 2025-02-28 — 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 Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 6 | $120,500 | |
| 2 | 4 | $50,000 | |
| 3 | 3 | $430,000 | |
| 4 | 3 | $200,000 | |
| 5 | 2 | $50,000 | |
| 6 | 1 | $67,000 | |
| 7 | 1 | $200,000 | |
| 8 | 1 | $500,000 | |
| 9 | 1 | $1,110,500 | |
| 10 | 1 | $865,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Eastern Bank | Har*****LLC | PLYMOUTH, MA | $1,800,000 |
| 2025-08 | Eastern Bank | Har*****LLC | PLYMOUTH, MA | $240,700 |
| 2025-06 | TD Bank, National Association | Ave*****Inc | WORCESTER, MA | $250,000 |
| 2025-04 | Northwest Bank | Cla*****rp. | BILLERICA, MA | $1,415,000 |
| 2025-04 | TD Bank, National Association | Com*****LLC | WATERTOWN, MA | $100,000 |
| 2025-03 | Cape Ann Savings Bank | Mar*****nc. | Danvers, MA | $150,000 |
| 2025-03 | Eastern Bank | MOS*****AIR | BURLINGTON, MA | $71,200 |
| 2025-03 | Eastern Bank | MOS*****AIR | BURLINGTON, MA | $17,800 |
| 2025-02 | Newtek Bank, National Association | Ame*****nc. | Billerica, MA | $500,000 |
| 2025-02 | TD Bank, National Association | S &*****Inc | ATTLEBORO, MA | $250,000 |
| 2025-02 | Salem Five Cents Savings Bank | Blu*****LLC | Danvers, MA | $104,400 |
| 2025-02 | Salem Five Cents Savings Bank | Blu*****LLC | DANVERS, MA | $50,000 |
| 2025-02 | Newtek Bank, National Association | AAA*****cks | Billerica, MA | $1,050,000 |
| 2025-01 | Celtic Bank Corporation | TWO*****LLC | LYNN, MA | $67,000 |
| 2025-01 | Needham Bank | Ryd*****nc. | FITCHBURG, MA | $1,000,000 |
| 2024-12 | Rockland Trust Company | Lof*****LLC | BROCKTON, MA | $75,000 |
| 2024-12 | Citizens Bank, National Association | OPT*****INC | RAYNHAM, MA | $500,000 |
| 2024-10 | TD Bank, National Association | AMA*****LLC | MALDEN, MA | $100,000 |
| 2024-10 | Salem Five Cents Savings Bank | Kit*****LLC | WENHAM, MA | $100,000 |
| 2024-09 | Webster Five Cents Savings Bank | Pow*****LLC | WORCESTER, MA | $250,000 |
| 2024-08 | Newtek Bank, National Association | QMo****LLC | Walpole, MA | $200,000 |
| 2024-08 | Eastern Bank | WAG*****LLC | NEWTON, MA | $640,000 |
| 2024-07 | TD Bank, National Association | Jim*****yna | NORTH CHELMSFORD, MA | $25,000 |
| 2024-06 | Salem Five Cents Savings Bank | COR*****NC. | BEVERLY, MA | $865,000 |
| 2024-06 | Eastern Bank | Wes*****LLC | WEST BRIDGEWATER, MA | $300,000 |
| 2024-05 | Eastern Bank | N&T*****INC | BROCKTON, MA | $50,000 |
| 2024-05 | Eastern Bank | N&T*****INC | BROCKTON, MA | $32,500 |
| 2024-04 | Grasshopper Bank National Association | Kos*****LLC | Boston, MA | $2,565,000 |
| 2024-03 | Readycap Lending, LLC | Sk**eez | Sudbury, MA | $50,000 |
| 2024-03 | Eastern Bank | REE*****INC | NEWBURYPORT, MA | $50,000 |
| 2024-02 | Eastern Bank | GSR*****ION | WOBURN, MA | $100,000 |
| 2024-01 | Eastern Bank | ENF*****TED | NORTH READING, MA | $79,300 |
| 2024-01 | Eastern Bank | ENF*****TED | NORTH READING, MA | $19,800 |
| 2023-12 | Bank of America, National Association | New*****nc. | LONGMEADOW, MA | $150,000 |
| 2023-12 | Readycap Lending, LLC | Mob*****LLC | Mansfield, MA | $50,000 |
| 2023-10 | Citibank, N.A. | JW *****ATE | NEW BEDFORD, MA | $3,900,000 |
| 2023-10 | Webster Bank National Association | APO*****NC. | FALL RIVER, MA | $100,000 |
| 2023-10 | Webster Bank National Association | APO*****NC. | FALL RIVER, MA | $2,170,900 |
| 2023-08 | Celtic Bank Corporation | WEB*****LTD | Hanson, MA | $100,700 |
| 2023-07 | UniBank for Savings | Cen*****LC. | WHITINSVILLE, MA | $25,000 |
| 2023-07 | Eastern Bank | WN *****LLC | QUINCY, MA | $50,000 |
| 2023-07 | Brookline Bank, a Division of Beacon Bank and Trust | Cam*****LLC | HOLDEN, MA | $100,000 |
| 2023-06 | Brookline Bank, a Division of Beacon Bank and Trust | Fir*****Inc | DANVERS, MA | $60,000 |
| 2023-04 | TD Bank, National Association | Thi*****C [ | SALEM, MA | $39,000 |
| 2023-04 | Eastern Bank | Lai*****LLC | Andover, MA | $240,000 |
| 2023-04 | Manufacturers and Traders Trust Company | S &*****nc. | WORCESTER, MA | $100,000 |
| 2023-04 | Ameris Bank | Ice*****Inc | AUBURN, MA | $2,631,000 |
| 2023-03 | Manufacturers and Traders Trust Company | Tem*****Inc | TEMPLETON, MA | $100,000 |
| 2023-02 | Bank of America, National Association | Adv*****LLC | ESSEX, MA | $500,000 |
| 2023-02 | Readycap Lending, LLC | MY *****NC. | Boston, MA | $350,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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