SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in West Virginia: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in West Virginia. Based on historical SBA 7(a) lending data.
Total Approvals
6
in West Virginia
Median Loan Size
$139,150
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 6 approvals on record and a median loan size of $139,150.
Key trends & insights
- Industrial Machinery and Equipment Merchant Wholesalers in West Virginia lending is concentrated — THE Huntington National Bank, THE Citizens Bank OF Weston, Community Trust Bank, INC. together account for 67% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 2 approvals (33% market share) and a median loan of $180,000.
- Industrial Machinery and Equipment Merchant Wholesalers in West Virginia loans skew smaller than the SBA average at $139,150 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 West Virginia
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $180,000 | |
| 2 | 1 | $20,000 | |
| 3 | 1 | $128,300 | |
| 4 | 1 | $150,000 | |
| 5 | 1 | $150,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in West Virginia
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Celtic Bank Corporation | EMR*****LLC | FALLING WATERS, WV | $150,000 |
| 2025-01 | The Citizens Bank of Weston | Div*****LLC | FAIRMONT, WV | $20,000 |
| 2024-12 | The Huntington National Bank | Pok*****LLC | ELKINS, WV | $300,000 |
| 2024-11 | Northeast Bank | Wri*****any | Ripley, WV | $150,000 |
| 2023-03 | Community Trust Bank, Inc. | GRA*****LLC | NORTH MATEWAN, WV | $128,300 |
| 2021-08 | The Huntington National Bank | GOR*****NC. | Winfield, WV | $60,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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