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.
- SBA data for this industry goes through 2025-03-25 — 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 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 |
| 2025-04 | Celtic Bank Corporation | Jay*****ply | CRANSTON, RI | $150,000 |
| 2025-03 | BankNewport | Geo*****LLC | BRISTOL, RI | $10,000 |
| 2025-01 | Lendistry SBLC, LLC | MER*****LLC | Cranston, RI | $150,000 |
| 2024-12 | Citizens Bank, National Association | Nor*****LLC | LINCOLN, RI | $75,000 |
| 2024-11 | Live Oak Banking Company | MIG*****AND | LINCOLN, RI | $305,000 |
| 2024-10 | Celtic Bank Corporation | Jus*****nc. | CRANSTON, RI | $150,000 |
| 2024-03 | BankNewport | TRI*****NC. | TIVERTON, RI | $50,000 |
| 2023-10 | Brookline Bank, a Division of Beacon Bank and Trust | Str*****LLC | Westerly, RI | $5,000,000 |
| 2023-09 | Brookline Bank, a Division of Beacon Bank and Trust | GRE*****NC. | WARWICK, RI | $1,000,000 |
| 2023-01 | Eastern Bank | DAK*****LLC | Warwick, RI | $255,000 |
| 2023-01 | Eastern Bank | Ato*****Inc | Warwick, RI | $150,000 |
| 2022-09 | Bank of America, National Association | Rho*****nc. | WARWICK, RI | $350,000 |
| 2022-07 | BayFirst National Bank | NEW*****INC | CRANSTON, RI | $150,000 |
| 2022-01 | Navigant CU | O&G*****LLC | WARREN, RI | $150,000 |
| 2021-09 | Bristol County Savings Bank | Bra*****Inc | WOONSOCKET, RI | $240,000 |
| 2020-11 | Business Development Company | R&D*****nc. | North Kingstown, RI | $250,000 |
| 2020-10 | Webster Bank National Association | Ful*****LLC | JOHNSTON, RI | $500,000 |
| 2020-10 | Webster Bank National Association | Ful*****LLC | Johnston, RI | $1,108,300 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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