How Much Can Hardware Merchant Wholesalers Businesses Get in SBA Loans?
929 SBA loans totaling $470.9M have been approved for hardware merchant wholesalers businesses (NAICS 423710). The average approved SBA loan is $507K, which is 49% above avg the $340K national average. 253 active lenders fund this industry with a 14.9% default rate on the matured 2018-2021 loan cohort.
At 14.9%, Hardware Merchant Wholesalers 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 423710 (Hardware Merchant Wholesalers) received 929 SBA loans worth $470.9M across 5+ states. Average loan $507K, average term 132 months, 14.9% default rate (resolved-loan basis).253 active SBA-approved lenders fund this industry. Most hardware merchant wholesalers loans use the SBA 504 program. There are approximately 5,904 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Hardware Merchant Wholesalers?+16% growth
Which SBA Program Do Hardware Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Hardware Merchant Wholesalers?
18% of hardware merchant wholesalers loans use this program — ideal for real estate and major equipment purchases
Where Are Hardware Merchant Wholesalers SBA Loans Most Common?
Top SBA Lenders for Hardware Merchant Wholesalers
These banks have funded the most SBA loans for hardware merchant wholesalers businesses (NAICS 423710). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Bank of America, National Association(NC) | 59 | $8.3M |
| 2 | Wells Fargo Bank National Association(SD) | 49 | $22.0M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 45 | $12.7M |
| 4 | U.S. Bank, National Association(OH) | 35 | $6.5M |
| 5 | Citizens Bank, National Association(RI) | 34 | $1.6M |
Hardware Merchant Wholesalers Industry Context
Ready to Fund Your Hardware Merchant Wholesalers Business?
PeerSense places SBA loans for hardware merchant wholesalers businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Financing a Hardware Merchant Wholesalers business? Get matched to an SBA lender.
Tell us your loan amount and use of funds. We route you to the lender most likely to fund a deal in your industry.
SBA 7(a) / 504 — Response within 4 business hours. No obligation.
How Does SBA Lending Work for Hardware Merchant Wholesalers Businesses?
Across all SBA loan programs, 929 loans have been approved for businesses classified under NAICS 423710 (Hardware Merchant Wholesalers), representing $470.9M in total capital deployed. The average approved loan of $507K is 49% above avg the national SBA average of $340K, with typical repayment terms of 132 months.
SBA lending for hardware merchant wholesalers is accelerating — loan volume has grown approximately 16% 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 hardware 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 — Hardware Merchant Wholesalers SBA Loans
What is the average SBA loan size for hardware merchant wholesalers businesses?
Which SBA loan program is best for a hardware merchant wholesalers business?
How many lenders fund SBA loans for hardware merchant wholesalers?
What states have the most SBA lending for hardware merchant wholesalers?
How does PeerSense help hardware merchant wholesalers businesses get SBA loans?
Related Wholesale Trade Industries
Other Miscellaneous Durable Goods Merchant Wholesalers
Other Miscellaneous Nondurable Goods Merchant Wholesalers
Other Grocery and Related Products Merchant Wholesalers
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal
Industrial Machinery and Equipment Merchant Wholesalers
Women's, Children's, and Infants' Clothing and Accessories Merchant Wh
Data aggregated from SBA loan records (1992–2025). Hardware Merchant Wholesalers defined by NAICS code 423710. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.