How Much Can Automobile and Other Motor Vehicle Merchant Wholesalers Businesses Get in SBA Loans?
1,342 SBA loans totaling $691.4M have been approved for automobile and other motor vehicle merchant wholesalers businesses (NAICS 423110). The average approved SBA loan is $515K, which is 51% above avg the $340K national average. 313 active lenders fund this industry with a 17.5% default rate on the matured 2018-2021 loan cohort.
At 17.5%, Automobile and Other Motor Vehicle Merchant Wholesalers sits above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — above average default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 423110 (Automobile and Other Motor Vehicle Merchant Wholesalers) received 1,342 SBA loans worth $691.4M across 5+ states. Average loan $515K, average term 136 months, 17.5% default rate (resolved-loan basis).313 active SBA-approved lenders fund this industry. Most automobile and other motor vehicle merchant wholesalers loans use the SBA 504 program. There are approximately 6,047 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Automobile and Other Motor Vehicle Merchant Wholesalers?
Which SBA Program Do Automobile and Other Motor Vehicle Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Automobile and Other Motor Vehicle Merchant Wholesalers?
16% of automobile and other motor vehicle merchant wholesalers loans use this program — ideal for real estate and major equipment purchases
Where Are Automobile and Other Motor Vehicle Merchant Wholesalers SBA Loans Most Common?
Top SBA Lenders for Automobile and Other Motor Vehicle Merchant Wholesalers
These banks have funded the most SBA loans for automobile and other motor vehicle merchant wholesalers businesses (NAICS 423110). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 136 | $20.4M |
| 2 | GBC International Bank(CA) | 68 | $78.2M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 65 | $10.6M |
| 4 | PNC Bank, National Association(DE) | 44 | $3.5M |
| 5 | Bank of America, National Association(NC) | 39 | $6.2M |
Automobile and Other Motor Vehicle Merchant Wholesalers Industry Context
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How Does SBA Lending Work for Automobile and Other Motor Vehicle Merchant Wholesalers Businesses?
Across all SBA loan programs, 1,342 loans have been approved for businesses classified under NAICS 423110 (Automobile and Other Motor Vehicle Merchant Wholesalers), representing $691.4M in total capital deployed. The average approved loan of $515K is 51% above avg the national SBA average of $340K, with typical repayment terms of 136 months.
SBA lending for automobile and other motor vehicle merchant wholesalers has remained relatively stable across recent fiscal years. 313 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
The industry sees a balanced mix of SBA programs, with 16% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching automobile and other motor vehicle merchant wholesalers business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Automobile and Other Motor Vehicle Merchant Wholesalers SBA Loans
What is the average SBA loan size for automobile and other motor vehicle merchant wholesalers businesses?
Which SBA loan program is best for a automobile and other motor vehicle merchant wholesalers business?
How many lenders fund SBA loans for automobile and other motor vehicle merchant wholesalers?
What states have the most SBA lending for automobile and other motor vehicle merchant wholesalers?
How does PeerSense help automobile and other motor vehicle merchant wholesalers businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Automobile and Other Motor Vehicle Merchant Wholesalers defined by NAICS code 423110. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.