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. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
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?
Top SBA Lenders for Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip
These banks have funded the most SBA loans for electrical apparatus and equipment, wiring supplies, and related equip businesses (NAICS 423610). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 119 | $57.8M |
| 2 | JPMorgan Chase Bank, National Association(OH) | 108 | $37.4M |
| 3 | Bank of America, National Association(NC) | 94 | $12.7M |
| 4 | U.S. Bank, National Association(OH) | 69 | $29.2M |
| 5 | The Huntington National Bank(OH) | 54 | $31.7M |
Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip Industry Context
Ready to Fund Your Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip Business?
PeerSense places SBA loans for electrical apparatus and equipment, wiring supplies, and related equip businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
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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.
PeerSense specializes in matching electrical apparatus and equipment, wiring supplies, and related equip 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 — 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 (1992–2025). Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip defined by NAICS code 423610. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.