How Much Can Metal Service Centers and Other Metal Merchant Wholesalers Businesses Get in SBA Loans?
1,033 SBA loans totaling $659.7M have been approved for metal service centers and other metal merchant wholesalers businesses (NAICS 423510). The average approved SBA loan is $639K, which is 88% above avg the $340K national average. 255 active lenders fund this industry with a 11.3% default rate on the matured 2018-2021 loan cohort.
At 11.3%, Metal Service Centers and Other Metal 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 423510 (Metal Service Centers and Other Metal Merchant Wholesalers) received 1,033 SBA loans worth $659.7M across 5+ states. Average loan $639K, average term 125 months, 11.3% default rate (resolved-loan basis).255 active SBA-approved lenders fund this industry. Most metal service centers and other metal merchant wholesalers loans use the SBA 504 program. There are approximately 8,629 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Metal Service Centers and Other Metal Merchant Wholesalers?+33% growth
Which SBA Program Do Metal Service Centers and Other Metal Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Metal Service Centers and Other Metal Merchant Wholesalers?
13% of metal service centers and other metal merchant wholesalers loans use this program — ideal for real estate and major equipment purchases
Where Are Metal Service Centers and Other Metal Merchant Wholesalers SBA Loans Most Common?
Top SBA Lenders for Metal Service Centers and Other Metal Merchant Wholesalers
These banks have funded the most SBA loans for metal service centers and other metal merchant wholesalers businesses (NAICS 423510). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | The Huntington National Bank(OH) | 70 | $27.9M |
| 2 | Wells Fargo Bank National Association(SD) | 65 | $27.1M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 63 | $18.8M |
| 4 | Citizens Bank, National Association(RI) | 52 | $8.7M |
| 5 | Bank of America, National Association(NC) | 40 | $3.2M |
Metal Service Centers and Other Metal Merchant Wholesalers Industry Context
Ready to Fund Your Metal Service Centers and Other Metal Merchant Wholesalers Business?
PeerSense places SBA loans for metal service centers and other metal 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 Metal Service Centers and Other Metal 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 Metal Service Centers and Other Metal Merchant Wholesalers Businesses?
Across all SBA loan programs, 1,033 loans have been approved for businesses classified under NAICS 423510 (Metal Service Centers and Other Metal Merchant Wholesalers), representing $659.7M in total capital deployed. The average approved loan of $639K is 88% above avg the national SBA average of $340K, with typical repayment terms of 125 months.
SBA lending for metal service centers and other metal merchant wholesalers is accelerating — loan volume has grown approximately 33% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2018.
The industry sees a balanced mix of SBA programs, with 13% 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 metal service centers and other metal 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 — Metal Service Centers and Other Metal Merchant Wholesalers SBA Loans
What is the average SBA loan size for metal service centers and other metal merchant wholesalers businesses?
Which SBA loan program is best for a metal service centers and other metal merchant wholesalers business?
How many lenders fund SBA loans for metal service centers and other metal merchant wholesalers?
What states have the most SBA lending for metal service centers and other metal merchant wholesalers?
How does PeerSense help metal service centers and other metal 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). Metal Service Centers and Other Metal Merchant Wholesalers defined by NAICS code 423510. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.