How Much Can Industrial Machinery and Equipment Merchant Wholesalers Businesses Get in SBA Loans?
2,758 SBA loans totaling $1.4B have been approved for industrial machinery and equipment merchant wholesalers businesses (NAICS 423830). The average approved SBA loan is $508K, which is 49% above avg the $340K national average. 448 active lenders fund this industry with a 10.5% default rate on the matured 2018-2021 loan cohort.
At 10.5%, Industrial 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 423830 (Industrial Machinery and Equipment Merchant Wholesalers) received 2,758 SBA loans worth $1.4B across 5+ states. Average loan $508K, average term 125 months, 10.5% default rate (resolved-loan basis).448 active SBA-approved lenders fund this industry. Most industrial machinery and equipment merchant wholesalers loans use the SBA 504 program.
Is SBA Lending Growing for Industrial Machinery and Equipment Merchant Wholesalers?
Which SBA Program Do Industrial Machinery and Equipment Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Industrial Machinery and Equipment Merchant Wholesalers?
15% of industrial machinery and equipment merchant wholesalers loans use this program — ideal for real estate and major equipment purchases
Where Are Industrial Machinery and Equipment Merchant Wholesalers SBA Loans Most Common?
Top SBA Lenders for Industrial Machinery and Equipment Merchant Wholesalers
These banks have funded the most SBA loans for industrial machinery and equipment merchant wholesalers businesses (NAICS 423830). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association(OH) | 182 | $39.0M |
| 2 | Wells Fargo Bank National Association(SD) | 163 | $75.4M |
| 3 | The Huntington National Bank(OH) | 145 | $69.2M |
| 4 | Bank of America, National Association(NC) | 119 | $25.9M |
| 5 | U.S. Bank, National Association(OH) | 100 | $33.1M |
Ready to Fund Your Industrial Machinery and Equipment Merchant Wholesalers Business?
PeerSense places SBA loans for industrial 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 Industrial Machinery and Equipment Merchant Wholesalers Businesses?
Across all SBA loan programs, 2,758 loans have been approved for businesses classified under NAICS 423830 (Industrial Machinery and Equipment Merchant Wholesalers), representing $1.4B in total capital deployed. The average approved loan of $508K is 49% above avg the national SBA average of $340K, with typical repayment terms of 125 months.
SBA lending for industrial machinery and equipment merchant wholesalers has remained relatively stable across recent fiscal years. 448 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 15% 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 industrial 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 — Industrial Machinery and Equipment Merchant Wholesalers SBA Loans
What is the average SBA loan size for industrial machinery and equipment merchant wholesalers businesses?
Which SBA loan program is best for a industrial machinery and equipment merchant wholesalers business?
How many lenders fund SBA loans for industrial machinery and equipment merchant wholesalers?
What states have the most SBA lending for industrial machinery and equipment merchant wholesalers?
How does PeerSense help industrial machinery and equipment merchant wholesalers businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Industrial Machinery and Equipment Merchant Wholesalers defined by NAICS code 423830. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.