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SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Utah: Top Lenders

NAICS 423

NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Utah. Based on historical SBA 7(a) lending data.

Total Approvals

39

in Utah

Median Loan Size

$185,000

per approval

Recent Activity

1

last 90 days through Aug 2025

NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 39 approvals on record and a median loan size of $185,000.

Key trends & insights

  • Zions Bank, A Division OF leads this industry with 8 approvals (21% market share) and a median loan of $128,100.
  • Industrial Machinery and Equipment Merchant Wholesalers in Utah loans skew smaller than the SBA average at $185,000 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 Utah

#LenderApprovalsMedian Size
1
Zions Bank, A Division OF
8$128,100
2
Keybank, National Association
4$175,000
3
Mountain America FCU
3$637,500
4
U.s. Bank, National Association
3$25,000
5
Bayfirst National Bank
2$145,000
6
Northeast Bank
2$150,000
7
Celtic Bank, CORP.
2$1,309,500
8
Cyprus Federal Credit Union
2$142,900
9
Cache Valley Bank
1$200,000
10
Incrediblebank
1$2,066,000
11
Central Bank
1$500,000
12
Heritage Bank, INC.
1$150,000
13
Capital Community Bank
1$2,250,000
14
Citizens Bank
1$229,600
15
Five Star Bank
1$260,000
16
Canyon View Federal Credit Union
1$100,000
17
Wells Fargo Bank, National Association
1$15,000
18
Byline Bank
1$4,355,000
19
Glacier Bank
1$500,000
20
Finwise Bank
1$4,169,500

Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Utah

MonthLenderBorrowerAmount
2025-08Zions Bank, A Division ofEQ *****LLC$150,000
2025-03MidFirst BankSav*****LLC$900,000
2025-03Zions Bank, A Division ofXI *****LLC$106,200
2025-03U.S. Bank, National AssociationPRE*****LLC$25,000
2025-03Canyon View Federal Credit UnionZEN*****LLC$100,000
2025-03Zions Bank, A Division ofMou*****LLC$100,000
2025-03Zions Bank, A Division ofMou*****LLC$500,000
2025-02Mountain America FCUTEC*****INC$200,000
2025-02Zions Bank, A Division ofBri*****LLC$150,000
2025-02Zions Bank, A Division ofBri*****LLC$25,000
2025-01BayFirst National BankPAG*****LLC$150,000
2024-11Heritage Bank IncEve*****nc.$150,000
2024-11Northeast BankC. *****NC.$250,000
2024-08U.S. Bank, National AssociationKM *****ITY$50,000
2024-08Celtic Bank CorporationChr*****LLC$1,639,000
2024-04Cyprus Federal Credit UnionCHA*****LLC$105,800
2024-04Cyprus Federal Credit UnionCHA*****LLC$180,000
2024-03Zions Bank, A Division ofJJP*****.C.$50,000
2024-02Northeast BankGLI*****LLC$50,000
2023-08U.S. Bank, National AssociationEXP*****LLC$25,000
2022-11Capital Community BankRoc*****LLC$2,250,000
2022-08BayFirst National BankTIL*****LLC$140,000
2022-06Mountain America FCUPre*****LLC$2,125,000
2022-05T Bank, National AssociationCAN*****NC.$2,684,000
2022-02Mountain America FCUTho*****LLC$637,500
2022-01Citizens BankWOR*****ANY$229,600
2021-12Cache Valley BankMIL*****LLC$200,000
2021-12Central BankTim*****Inc$500,000
2021-11Celtic Bank CorporationCop*****LLC$980,000
2021-06Glacier BankMoo*****LLC$500,000
2021-05IncredibleBankMav*****LLC$2,066,000
2021-04Zions Bank, A Division ofStr*****LLC$185,000
2021-03FinWise BankMBS*****LLC$4,169,500
2021-03KeyBank National AssociationRon*****LLC$120,000
2021-03KeyBank National AssociationRon*****LLC$200,000
2020-11KeyBank National AssociationHar***** LC$150,000
2020-11KeyBank National AssociationHar***** LC$700,000
2020-01Byline BankPre*****LLC$4,355,000
2019-11Five Star BankCox*****Inc$260,000
2019-10Wells Fargo Bank National AssociationXPR*****LLC$15,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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