Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers: SBA business acquisition loan data
74 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers (NAICS 423610), totaling $115M. Median loan $1,011,000, 57% higher than the all-acquisition median. Annual volume fell 75% from FY2024 to FY2026.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $2,508,500 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.2% of all SBA-financed business purchases, ranking #122 of 300 industries tracked.
- Geography. Florida leads with 12 loans; the top five states account for 47% of the industry's acquisitions.
- Jobs. Lenders reported 824 jobs supported across these loans, about 11.1 per acquisition, a rough proxy for the size of business changing hands.
Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $885K | $135,000 | |
| FY2019 | 3 | $3.3M | $675,000 | |
| FY2020 | 9 | $11.4M | $905,000 | |
| FY2021 | 17 | $36.2M | $2,080,000 | |
| FY2022 | 6 | $5.9M | $688,700 | |
| FY2023 | 9 | $16.4M | $1,254,600 | |
| FY2024 | 12 | $18.4M | $975,000 | |
| FY2025 | 12 | $18M | $888,000 | |
| FY2026 | 3 | $4.1M | $1,673,100 |
How often do these acquisition loans fail?
Of the 32 Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 16 have already been paid in full.
For comparison, Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 12 | 16.2% | $12.8M | |
| 2 | Texas | 9 | 12.2% | $16.1M | |
| 3 | California | 5 | 6.8% | $7.5M | |
| 4 | South Carolina | 5 | 6.8% | $4.6M | |
| 5 | Indiana | 4 | 5.4% | $10.3M | |
| 6 | Colorado | 4 | 5.4% | $7.2M | |
| 7 | Illinois | 3 | 4.1% | $7.1M | |
| 8 | New Jersey | 3 | 4.1% | $6.1M | |
| 9 | Ohio | 3 | 4.1% | $5.8M | |
| 10 | Virginia | 3 | 4.1% | $5M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 18 | 24.3% | $29.1M | |
| 2 | First Internet Bank of Indiana | 4 | 5.4% | $4.5M | |
| 3 | The Huntington National Bank | 4 | 5.4% | $4.2M | |
| 4 | Old National Bank | 3 | 4.1% | $4.5M | |
| 5 | PNC Bank, National Association | 3 | 4.1% | $4M | |
| 6 | Pinnacle Bank | 3 | 4.1% | $3.3M | |
| 7 | OakStar Bank | 2 | 2.7% | $6.1M | |
| 8 | Haddon Savings Bank | 2 | 2.7% | $5.9M | |
| 9 | KeyBank National Association | 2 | 2.7% | $1.7M | |
| 10 | Meridian Bank | 2 | 2.7% | $1.4M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
5% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Batteries Plus | 2 | 50.0% | $3.3M | |
| 2 | Outdoor Lighting Perspectives | 1 | 25.0% | $677K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers?
Median $1,011,000 across 74 acquisition loans (FY2018 to FY2026); the middle half ran $356,250 to $2,508,500. That is 57% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers acquisitions?
Live Oak Banking Company (18), First Internet Bank of Indiana (4), The Huntington National Bank (4), Old National Bank (3), PNC Bank, National Association (3).
Are businesses in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers often franchised?
Sometimes. 5% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Batteries Plus, Outdoor Lighting Perspectives.
How risky are SBA loans for buying a business in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers?
Of 32 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 7.53% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options