Industrial Machinery and Equipment Merchant Wholesalers: SBA acquisition lenders
40 recorded SBA 7(a) acquisition approvals for Industrial Machinery and Equipment Merchant Wholesalers, FY2024–FY2026. Median approved loan: $1.7M. See lenders and activity by state.
- Acquisitions financed
- 40
- Total approved
- $73.6M
- Median loan
- $1.7M
- Middle half of loans
- $490K to $2.9M
- Median starting rate
- 9.38%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 3 | 8% | $460K | $5.5M |
| 2 | TD Bank, National Association | 3 | 8% | $778K | $2.3M |
| 3 | Univest Bank and Trust Co | 2 | 5% | $2.8M | $5.6M |
| 4 | Live Oak Banking Company | 2 | 5% | $2.0M | $3.9M |
| 5 | Fulton Bank, National Association | 2 | 5% | $1.9M | $3.9M |
| 6 | Bankwell Bank | 2 | 5% | $1.9M | $3.7M |
| 7 | The Fidelity Bank | 2 | 5% | $1.2M | $2.5M |
| 8 | First National Bank of Pennsylvania | 2 | 5% | $984K | $2.0M |
| 9 | Byline Bank | 2 | 5% | $468K | $935K |
| 10 | Zions Bancorporation, National Association | 2 | 5% | $300K | $600K |
| 11 | KeyBank National Association | 1 | 2% | $5.0M | $5.0M |
| 12 | Third Coast Bank | 1 | 2% | $5.0M | $5.0M |
| 13 | Grasshopper Bank National Association | 1 | 2% | $4.0M | $4.0M |
| 14 | First Bank | 1 | 2% | $3.6M | $3.6M |
| 15 | Port 51 Lending LLC | 1 | 2% | $3.3M | $3.3M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Pennsylvania | 6 | $1.8M | $11.4M |
| New York | 4 | $859K | $4.0M |
| Texas | 3 | $3.3M | $8.3M |
| Connecticut | 3 | $1.8M | $7.5M |
| Florida | 3 | $1.7M | $4.9M |
| Utah | 3 | $500K | $3.7M |
| California | 3 | $785K | $2.1M |
| South Carolina | 2 | $2.0M | $4.0M |
| Alabama | 2 | $1.7M | $3.4M |
| Louisiana | 1 | $5.0M | $5.0M |
| Ohio | 1 | $5.0M | $5.0M |
| Maine | 1 | $3.3M | $3.3M |
| New Hampshire | 1 | $2.8M | $2.8M |
| Missouri | 1 | $2.1M | $2.1M |
| Michigan | 1 | $1.9M | $1.9M |
| Wisconsin | 1 | $1.6M | $1.6M |
| West Virginia | 1 | $1.2M | $1.2M |
| Illinois | 1 | $550K | $550K |
| North Carolina | 1 | $460K | $460K |
| Minnesota | 1 | $237K | $237K |