How Much Can Farm and Garden Machinery and Equipment Merchant Wholesalers Businesses Get in SBA Loans?
610 SBA loans totaling $355.8M have been approved for farm and garden machinery and equipment merchant wholesalers businesses (NAICS 423820). The average approved SBA loan is $583K, which is 71% above avg the $340K national average. 229 active lenders fund this industry with a 9.0% default rate on the matured 2018-2021 loan cohort.
At 9.0%, Farm and Garden Machinery and Equipment Merchant Wholesalers sits well below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — low 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 423820 (Farm and Garden Machinery and Equipment Merchant Wholesalers) received 610 SBA loans worth $355.8M across 5+ states. Average loan $583K, average term 126 months, 9.0% default rate (resolved-loan basis).229 active SBA-approved lenders fund this industry. Most farm and garden machinery and equipment merchant wholesalers loans use the SBA 504 program. There are approximately 7,451 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Farm and Garden Machinery and Equipment Merchant Wholesalers?+53% growth
Which SBA Program Do Farm and Garden Machinery and Equipment Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Farm and Garden Machinery and Equipment Merchant Wholesalers?
18% of farm and garden machinery and equipment merchant wholesalers loans use this program — ideal for real estate and major equipment purchases
Where Are Farm and Garden Machinery and Equipment Merchant Wholesalers SBA Loans Most Common?
Top SBA Lenders for Farm and Garden Machinery and Equipment Merchant Wholesalers
These banks have funded the most SBA loans for farm and garden machinery and equipment merchant wholesalers businesses (NAICS 423820). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Zions Bank, A Division of(UT) | 32 | $4.4M |
| 2 | Wells Fargo Bank National Association(SD) | 32 | $5.2M |
| 3 | Bank of America, National Association(NC) | 19 | $1.7M |
| 4 | Capital One, National Association(VA) | 19 | $775K |
| 5 | U.S. Bank, National Association(OH) | 18 | $7.1M |
Farm and Garden Machinery and Equipment Merchant Wholesalers Industry Context
Ready to Fund Your Farm and Garden Machinery and Equipment Merchant Wholesalers Business?
PeerSense places SBA loans for farm and garden machinery and equipment merchant wholesalers 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 Farm and Garden Machinery and Equipment Merchant Wholesalers Businesses?
Across all SBA loan programs, 610 loans have been approved for businesses classified under NAICS 423820 (Farm and Garden Machinery and Equipment Merchant Wholesalers), representing $355.8M in total capital deployed. The average approved loan of $583K is 71% above avg the national SBA average of $340K, with typical repayment terms of 126 months.
SBA lending for farm and garden machinery and equipment merchant wholesalers is accelerating — loan volume has grown approximately 53% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2016.
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 farm and garden machinery and equipment 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 — Farm and Garden Machinery and Equipment Merchant Wholesalers SBA Loans
What is the average SBA loan size for farm and garden machinery and equipment merchant wholesalers businesses?
Which SBA loan program is best for a farm and garden machinery and equipment merchant wholesalers business?
How many lenders fund SBA loans for farm and garden machinery and equipment merchant wholesalers?
What states have the most SBA lending for farm and garden machinery and equipment merchant wholesalers?
How does PeerSense help farm and garden machinery and equipment merchant wholesalers businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Farm and Garden Machinery and Equipment Merchant Wholesalers defined by NAICS code 423820. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.