How Much Can Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip Businesses Get in SBA Loans?
1,897 SBA loans totaling $1.2B have been approved for electrical apparatus and equipment, wiring supplies, and related equip businesses (NAICS 423610). The average approved SBA loan is $613K, which is 80% above avg the $340K national average. 371 active lenders fund this industry with a 14.8% default rate on the matured 2018-2021 loan cohort.
At 14.8%, Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip sits below the 15.4% all industry SBA default rate (charged off as a share of resolved loans), moderate default risk relative to other SBA industries. The capital source prices this risk into rate and structure.
NAICS 423610 (Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip) received 1,897 SBA loans worth $1.2B across 5+ states. Average loan $613K, average term 133 months, 14.8% default rate (resolved loan basis).371 active SBA approved lenders fund this industry. Most electrical apparatus and equipment, wiring supplies, and related equip loans use the SBA 504 program. There are approximately 13,462 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip?+39% growth
Which SBA Program Do Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip Businesses Use Most?
What Is the Best SBA Loan for Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip?
18% of electrical apparatus and equipment, wiring supplies, and related equip loans use this program, ideal for real estate and major equipment purchases
Where Are Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip SBA Loans Most Common?
SBA Lending Activity in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip
371 SBA lenders have funded 1,897 loans to electrical apparatus and equipment, wiring supplies, and related equip businesses (NAICS 423610). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.
Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip Industry Context
Talk to PeerSense
PeerSense sources capital for electrical apparatus and equipment, wiring supplies, and related equip businesses. The capital source sets the terms. No upfront fee. Talk to PeerSense. Referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Talk to PeerSense about financing a Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip business.
Tell us your loan amount and use of funds. PeerSense sources capital. The capital source sets the terms.
SBA 7(a) / 504: PeerSense will reach out. No obligation.
How Does SBA Lending Work for Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip Businesses?
Across all SBA loan programs, 1,897 loans have been approved for businesses classified under NAICS 423610 (Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip), representing $1.2B in total capital deployed. The average approved loan of $613K is 80% above avg the national SBA average of $340K, with typical repayment terms of 133 months.
SBA lending for electrical apparatus and equipment, wiring supplies, and related equip is accelerating. Loan volume has grown approximately 39% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2017.
The industry sees a balanced mix of SBA programs, with 18% 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.
Talk to PeerSense about a electrical apparatus and equipment, wiring supplies, and related equip file. The capital source sets the terms. The desk fee is paid at closing, never upfront.
Frequently Asked Questions: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip SBA Loans
What is the average SBA loan size for electrical apparatus and equipment, wiring supplies, and related equip businesses?
Which SBA loan program is best for a electrical apparatus and equipment, wiring supplies, and related equip business?
How many lenders fund SBA loans for electrical apparatus and equipment, wiring supplies, and related equip?
What states have the most SBA lending for electrical apparatus and equipment, wiring supplies, and related equip?
How does PeerSense help electrical apparatus and equipment, wiring supplies, and related equip businesses get SBA loans?
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Data aggregated from SBA loan records (1992 to 2025). Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip defined by NAICS code 423610. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.