SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Rhode Island: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
2
in Rhode Island
Median Loan Size
$42,500
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 2 approvals on record and a median loan size of $42,500.
Key trends & insights
- Industrial Machinery and Equipment Merchant Wholesalers in Rhode Island loans skew smaller than the SBA average at $42,500 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 Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $75,000 | |
| 2 | 1 | $10,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-04 | Byline Bank | JAN*****LLC | CUMBERLAND, RI | $200,000 |
| 2025-03 | BankNewport | Geo*****LLC | BRISTOL, RI | $10,000 |
| 2024-12 | Citizens Bank, National Association | Nor*****LLC | LINCOLN, RI | $75,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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