Industrial Machinery and Equipment Merchant Wholesalers: SBA business acquisition loan data
118 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Industrial Machinery and Equipment Merchant Wholesalers (NAICS 423830), totaling $174M. Median loan $1,051,000, 63% higher than the all-acquisition median. Annual volume rose 33% from FY2024 to FY2026.
The purchase agreement decides what you bought, not the loan approval.
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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 $2,098,250 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 #79 of 300 industries tracked.
- Geography. Florida leads with 11 loans; the top five states account for 36% of the industry's acquisitions.
- Jobs. Lenders reported 1,274 jobs supported across these loans, about 10.8 per acquisition, a rough proxy for the size of business changing hands.
Industrial Machinery and Equipment Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $10.1M | $856,550 | |
| FY2019 | 16 | $17.8M | $621,100 | |
| FY2020 | 13 | $14.5M | $516,200 | |
| FY2021 | 17 | $26.1M | $983,000 | |
| FY2022 | 15 | $23.9M | $1,728,200 | |
| FY2023 | 12 | $9.4M | $512,500 | |
| FY2024 | 12 | $17.5M | $1,309,000 | |
| FY2025 | 11 | $23.8M | $2,057,000 | |
| FY2026 | 16 | $30.5M | $1,857,050 |
How often do these acquisition loans fail?
Of the 52 Industrial Machinery and Equipment Merchant Wholesalers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 3.9% by loan count and 0.9% by dollars. 28 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Industrial Machinery and Equipment Merchant Wholesalers is 9% higher than the acquisition-loan average. 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 11 | 9.3% | $18.7M | |
| 2 | Texas | 9 | 7.6% | $13.4M | |
| 3 | Pennsylvania | 9 | 7.6% | $12.4M | |
| 4 | Missouri | 7 | 5.9% | $9.7M | |
| 5 | New York | 7 | 5.9% | $8.9M | |
| 6 | California | 7 | 5.9% | $6.6M | |
| 7 | Ohio | 6 | 5.1% | $12M | |
| 8 | South Carolina | 6 | 5.1% | $8.6M | |
| 9 | Michigan | 6 | 5.1% | $6.7M | |
| 10 | North Carolina | 5 | 4.2% | $10M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 15 | 12.7% | $27.1M | |
| 2 | The Huntington National Bank | 8 | 6.8% | $15.1M | |
| 3 | Byline Bank | 6 | 5.1% | $4.7M | |
| 4 | Pinnacle Bank | 5 | 4.2% | $8M | |
| 5 | Sunflower Bank National Association | 5 | 4.2% | $5.6M | |
| 6 | The State Bank and Trust Company | 4 | 3.4% | $3.9M | |
| 7 | Wells Fargo Bank National Association | 4 | 3.4% | $2.9M | |
| 8 | Santander Bank, National Association | 3 | 2.5% | $4.3M | |
| 9 | TD Bank, National Association | 3 | 2.5% | $2.3M | |
| 10 | Third Coast Bank | 2 | 1.7% | $5.9M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands in Industrial Machinery and Equipment Merchant Wholesalers
3% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pirtek | 3 | 75.0% | $3.1M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Industrial Machinery and Equipment Merchant Wholesalers?
Median $1,051,000 across 118 acquisition loans (FY2018 to FY2026); the middle half ran $387,625 to $2,098,250. That is 63% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Industrial Machinery and Equipment Merchant Wholesalers acquisitions?
Live Oak Banking Company (15), The Huntington National Bank (8), Byline Bank (6), Pinnacle Bank (5), Sunflower Bank National Association (5).
Are businesses in Industrial Machinery and Equipment Merchant Wholesalers often franchised?
Rarely. Only 3% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Industrial Machinery and Equipment Merchant Wholesalers?
Of 52 seasoned loans (FY2018 to FY2021), 3.9% charged off, 9% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Industrial Machinery and Equipment Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 7.48% 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.
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