Other Commercial Equipment Merchant Wholesalers: SBA business acquisition loan data
30 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Other Commercial Equipment Merchant Wholesalers (NAICS 423440), totaling $33.3M. Median loan $774,000, 20% higher than the all-acquisition median.
Terms signed in the LOI shape the purchase agreement that follows.
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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 $1,421,250 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.1% of all SBA-financed business purchases, ranking #228 of 300 industries tracked.
- Geography. Minnesota leads with 7 loans; the top five states account for 60% of the industry's acquisitions.
- Jobs. Lenders reported 261 jobs supported across these loans, about 8.7 per acquisition, a rough proxy for the size of business changing hands.
Other Commercial Equipment Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $3.5M | $1,500,000 | |
| FY2020 | 4 | $3.5M | $858,750 | |
| FY2021 | 3 | $2.4M | $855,000 | |
| FY2022 | 2 | $3.6M | $1,793,800 | |
| FY2023 | 1 | $2.9M | $2,940,000 | |
| FY2024 | 7 | $7.9M | $613,900 | |
| FY2025 | 5 | $3.1M | $179,700 | |
| FY2026 | 5 | $6.4M | $578,000 |
How often do these acquisition loans fail?
Fewer than 20 Other Commercial Equipment Merchant Wholesalers acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Minnesota | 7 | 23.3% | $7.7M | |
| 2 | Florida | 4 | 13.3% | $9.3M | |
| 3 | Texas | 3 | 10.0% | $1.8M | |
| 4 | Michigan | 2 | 6.7% | $1.9M | |
| 5 | Wisconsin | 2 | 6.7% | $1M | |
| 6 | Pennsylvania | 2 | 6.7% | $883K | |
| 7 | Colorado | 2 | 6.7% | $675K | |
| 8 | Vermont | 1 | 3.3% | $4.1M | |
| 9 | Georgia | 1 | 3.3% | $1.7M | |
| 10 | North Carolina | 1 | 3.3% | $1.2M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 5 | 16.7% | $6.7M | |
| 2 | The Huntington National Bank | 4 | 13.3% | $2.8M | |
| 3 | Byline Bank | 3 | 10.0% | $4.7M | |
| 4 | First Internet Bank of Indiana | 2 | 6.7% | $1M | |
| 5 | Frandsen Bank and Trust | 2 | 6.7% | $633K | |
| 6 | Beacon Bank and Trust | 1 | 3.3% | $4.1M | |
| 7 | Home State Bank | 1 | 3.3% | $2.8M | |
| 8 | Truist Bank | 1 | 3.3% | $1.7M | |
| 9 | 21st Century Bank | 1 | 3.3% | $1.7M | |
| 10 | Blue Ridge Bank National Association | 1 | 3.3% | $1.2M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Questions buyers ask
How much is a typical SBA loan to buy a business in Other Commercial Equipment Merchant Wholesalers?
Median $774,000 across 30 acquisition loans (FY2018 to FY2026); the middle half ran $405,500 to $1,421,250. That is 20% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Other Commercial Equipment Merchant Wholesalers acquisitions?
Live Oak Banking Company (5), The Huntington National Bank (4), Byline Bank (3), First Internet Bank of Indiana (2), Frandsen Bank and Trust (2).
Are businesses in Other Commercial 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 Other Commercial Equipment Merchant Wholesalers?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Other Commercial Equipment Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 8.32% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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