SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in South Dakota: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in South Dakota. Based on historical SBA 7(a) lending data.
Total Approvals
2
in South Dakota
Median Loan Size
$37,500
per approval
Recent Activity
0
last 90 days through Oct 2024
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 $37,500.
Key trends & insights
- Industrial Machinery and Equipment Merchant Wholesalers in South Dakota loans skew smaller than the SBA average at $37,500 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 2024-10-23 — 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 South Dakota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $50,000 | |
| 2 | 1 | $25,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in South Dakota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-02 | The First National Bank in Sioux Falls | Pre*****LLC | Sioux Falls, SD | $652,500 |
| 2024-10 | Northeast Bank | HEN*****LLC | Aberdeen, SD | $50,000 |
| 2024-02 | The First National Bank in Sioux Falls | Mon*****Inc | Sioux Falls, SD | $425,000 |
| 2023-02 | Black Hills FCU | 12 *****INC | RAPID CITY, SD | $25,000 |
| 2021-04 | Bank Midwest | Fie*****nc. | WATERTOWN, SD | $500,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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