Industrial Supplies Merchant Wholesalers: SBA business acquisition loan data
76 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Industrial Supplies Merchant Wholesalers (NAICS 423840), totaling $109M. Median loan $1,233,250, 91% higher than the all-acquisition median. Annual volume fell 45% from FY2024 to FY2026.
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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 $1,880,750 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 #120 of 300 industries tracked.
- Geography. California leads with 9 loans; the top five states account for 49% of the industry's acquisitions.
- Jobs. Lenders reported 726 jobs supported across these loans, about 9.6 per acquisition, a rough proxy for the size of business changing hands.
Industrial Supplies Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $6.1M | $1,400,000 | |
| FY2019 | 4 | $5.6M | $1,227,500 | |
| FY2020 | 6 | $7.5M | $1,215,000 | |
| FY2021 | 6 | $5.7M | $765,500 | |
| FY2022 | 4 | $6.7M | $1,602,500 | |
| FY2023 | 9 | $14.2M | $1,350,700 | |
| FY2024 | 20 | $27.3M | $1,133,600 | |
| FY2025 | 11 | $17.5M | $991,000 | |
| FY2026 | 11 | $18.1M | $1,267,000 |
How often do these acquisition loans fail?
Of the 21 Industrial Supplies 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. 12 have already been paid in full.
For comparison, Industrial Supplies 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 9 | 11.8% | $13.5M | |
| 2 | Texas | 8 | 10.5% | $13.7M | |
| 3 | Illinois | 8 | 10.5% | $10.2M | |
| 4 | Ohio | 7 | 9.2% | $8.3M | |
| 5 | Michigan | 5 | 6.6% | $5.6M | |
| 6 | Tennessee | 4 | 5.3% | $7.7M | |
| 7 | North Carolina | 4 | 5.3% | $6.7M | |
| 8 | Minnesota | 4 | 5.3% | $5.4M | |
| 9 | Georgia | 3 | 3.9% | $3.5M | |
| 10 | South Carolina | 3 | 3.9% | $2.2M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 16 | 21.1% | $14.1M | |
| 2 | Byline Bank | 6 | 7.9% | $12.4M | |
| 3 | First Bank of the Lake | 3 | 3.9% | $5.7M | |
| 4 | Live Oak Banking Company | 3 | 3.9% | $4.7M | |
| 5 | Fifth Third Bank | 2 | 2.6% | $4.2M | |
| 6 | Prosperity Bank | 2 | 2.6% | $3.4M | |
| 7 | Celtic Bank Corporation | 2 | 2.6% | $3.2M | |
| 8 | Old National Bank | 2 | 2.6% | $2.4M | |
| 9 | Wheaton Bank & Trust Company, National Association | 2 | 2.6% | $2.4M | |
| 10 | First National Bank of Pennsylvania | 2 | 2.6% | $2M |
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Franchise brands in Industrial Supplies Merchant Wholesalers
1% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pirtek | 1 | 100.0% | $558K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Industrial Supplies Merchant Wholesalers?
Median $1,233,250 across 76 acquisition loans (FY2018 to FY2026); the middle half ran $500,000 to $1,880,750. That is 91% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Industrial Supplies Merchant Wholesalers acquisitions?
The Huntington National Bank (16), Byline Bank (6), First Bank of the Lake (3), Live Oak Banking Company (3), Fifth Third Bank (2).
Are businesses in Industrial Supplies Merchant Wholesalers often franchised?
Rarely. Only 1% 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 Supplies Merchant Wholesalers?
Of 21 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Industrial Supplies Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 8.51% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
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