How Much Can Refrigeration Equipment and Supplies Merchant Wholesalers Businesses Get in SBA Loans?
194 SBA loans totaling $78.0M have been approved for refrigeration equipment and supplies merchant wholesalers businesses (NAICS 423740). The average approved SBA loan is $402K, which is 18% above avg the $340K national average. 87 active lenders fund this industry with a 13.5% default rate on the matured 2018-2021 loan cohort.
At 13.5%, Refrigeration Equipment and Supplies 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 423740 (Refrigeration Equipment and Supplies Merchant Wholesalers) received 194 SBA loans worth $78.0M across 5+ states. Average loan $402K, average term 123 months, 13.5% default rate (resolved-loan basis).87 active SBA-approved lenders fund this industry. Most refrigeration equipment and supplies merchant wholesalers loans use the SBA 7(a) program. There are approximately 1,198 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Refrigeration Equipment and Supplies Merchant Wholesalers?
Which SBA Program Do Refrigeration Equipment and Supplies Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Refrigeration Equipment and Supplies Merchant Wholesalers?
The most widely used SBA program for refrigeration equipment and supplies merchant wholesalers businesses — flexible terms, multiple use cases
Where Are Refrigeration Equipment and Supplies Merchant Wholesalers SBA Loans Most Common?
Top SBA Lenders for Refrigeration Equipment and Supplies Merchant Wholesalers
These banks have funded the most SBA loans for refrigeration equipment and supplies merchant wholesalers businesses (NAICS 423740). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 20 | $11.3M |
| 2 | Citizens Bank, National Association(RI) | 15 | $1.8M |
| 3 | Bank of America, National Association(NC) | 14 | $3.6M |
| 4 | U.S. Bank, National Association(OH) | 9 | $3.0M |
| 5 | JPMorgan Chase Bank, National Association(OH) | 8 | $2.7M |
Refrigeration Equipment and Supplies Merchant Wholesalers Industry Context
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How Does SBA Lending Work for Refrigeration Equipment and Supplies Merchant Wholesalers Businesses?
Across all SBA loan programs, 194 loans have been approved for businesses classified under NAICS 423740 (Refrigeration Equipment and Supplies Merchant Wholesalers), representing $78.0M in total capital deployed. The average approved loan of $402K is 18% above avg the national SBA average of $340K, with typical repayment terms of 123 months.
SBA lending for refrigeration equipment and supplies merchant wholesalers has remained relatively stable across recent fiscal years. 87 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 10% 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 refrigeration equipment and supplies 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 — Refrigeration Equipment and Supplies Merchant Wholesalers SBA Loans
What is the average SBA loan size for refrigeration equipment and supplies merchant wholesalers businesses?
Which SBA loan program is best for a refrigeration equipment and supplies merchant wholesalers business?
How many lenders fund SBA loans for refrigeration equipment and supplies merchant wholesalers?
What states have the most SBA lending for refrigeration equipment and supplies merchant wholesalers?
How does PeerSense help refrigeration equipment and supplies merchant wholesalers businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Refrigeration Equipment and Supplies Merchant Wholesalers defined by NAICS code 423740. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.