Industries › Wholesale Trade › Merchant Wholesalers, Nondurable Goods
NAICS 424Subsector1.7% of all approvals
SBA loans for merchant wholesalers, nondurable goods
7(a) and 504 approvals to businesses SBA classifies under NAICS 424, with the lenders and states behind them.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses classified under NAICS 424, merchant wholesalers, nondurable goods, received 5,814 SBA loan approvals worth $4.29bn in FY2021 to FY2025 (5,027 7(a), 787 504).
That is 1.7% of all approvals. Set against the 122,098 establishments the Census Bureau counts in the industry, it comes to 47.6 approvals per 1,000 establishments; across all industries the figure is 41.0.
In FY2025 there were 1,345 approvals, about level with FY2024. The median 7(a) approval was $216K, against $190K for all industries.
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 8.2% as charged off, above the 6.6% for all industries.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Volume by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 582 | $329M | $229K | 77 | $142M | 659 | 4,330 |
| FY2025 | 1,221 | $722M | $200K | 124 | $178M | 1,345 | 10,993 |
| FY2024 | 1,156 | $562M | $175K | 118 | $193M | 1,274 | 9,595 |
| FY2023 | 976 | $552M | $195K | 126 | $204M | 1,102 | 9,131 |
| FY2022 | 770 | $514M | $200K | 203 | $283M | 973 | 9,882 |
| FY2021 | 904 | $792M | $350K | 216 | $290M | 1,120 | 11,034 |
| FY2020 | 649 | $453M | $225K | 131 | $153M | 780 | 6,580 |
| FY2019 | 939 | $445M | $150K | 118 | $137M | 1,057 | 8,401 |
| FY2018 | 1,087 | $502M | $135K | 135 | $174M | 1,222 | 9,807 |
| FY2017 | 1,170 | $577M | $147K | 137 | $168M | 1,307 | 9,770 |
| FY2016 | 1,153 | $542M | $150K | 149 | $180M | 1,302 | 11,683 |
SBA records the NAICS code in force when a loan was approved. The 2022 NAICS revision renumbered parts of retail trade and information, so some lines of business appear under one code before FY2023 and another after. FY2016–FY2020 approvals under this code: 5,668.
Within this subsector
| NAICS | Industry group | Approvals, FY2021–FY2025 | Share |
|---|---|---|---|
| 4244 | Grocery and Related Product Merchant Wholesalers | 2,067 | 35.6% |
| 4249 | Miscellaneous Nondurable Goods Merchant Wholesalers | 1,616 | 27.8% |
| 4243 | Apparel, Piece Goods, and Notions Merchant Wholesalers | 903 | 15.5% |
| 4248 | Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers | 362 | 6.2% |
| 4246 | Chemical and Allied Products Merchant Wholesalers | 236 | 4.1% |
| 4242 | Drugs and Druggists' Sundries Merchant Wholesalers | 215 | 3.7% |
| 4241 | Paper and Paper Product Merchant Wholesalers | 201 | 3.5% |
| 4245 | Farm Product Raw Material Merchant Wholesalers | 120 | 2.1% |
| 4247 | Petroleum and Petroleum Products Merchant Wholesalers | 94 | 1.6% |
Lenders most active in this industry
By number of approvals, FY2021–FY2025; 644 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 482 | $83.7M | 8.3% | |
| 2 | The Huntington National BankColumbus, OH | 348 | $124M | 6.0% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 234 | $163M | 4.0% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 226 | $37.5M | 3.9% | |
| 5 | JPMorgan Chase Bank, National AssociationColumbus, OH | 216 | $56.5M | 3.7% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 211 | $75.3M | 3.6% | |
| 7 | Northeast BankLewiston, ME | 195 | $35.1M | 3.4% | |
| 8 | Manufacturers and Traders Trust CompanyBuffalo, NY | 158 | $19.8M | 2.7% | |
| 9 | Bank of HopeLos Angeles, CA | 129 | $53.9M | 2.2% | |
| 10 | Bank of America, National AssociationCharlotte, NC | 128 | $66.0M | 2.2% | |
| 11 | Wells Fargo Bank National AssociationSioux Falls, SD | 118 | $51.6M | 2.0% | |
| 12 | Business Finance CapitalLos Angeles, CA · CDC | 97 | $193M | 1.7% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 88 | $48.0M | 1.5% | |
| 14 | Lendistry SBLC, LLCLos Angeles, CA | 83 | $17.4M | 1.4% | |
| 15 | Live Oak Banking CompanyWilmington, NC | 82 | $137M | 1.4% | |
| 16 | Newtek Small Business Finance, Inc.Lake Success, NY | 70 | $71.6M | 1.2% | |
| 17 | Celtic Bank CorporationSalt Lake City, UT | 60 | $26.6M | 1.0% | |
| 18 | KeyBank National AssociationCleveland, OH | 59 | $37.7M | 1.0% | |
| 19 | California Statewide Certified Development CorporationDavis, CA · CDC | 57 | $103M | 1.0% | |
| 20 | Mortgage Capital Development CorporationOakland, CA · CDC | 57 | $88.5M | 1.0% |
States
| # | State of the business | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 1,239 | $1.29bn | 21.3% | |
| 2 | New York | 670 | $315M | 11.5% | |
| 3 | Florida | 596 | $416M | 10.3% | |
| 4 | New Jersey | 354 | $246M | 6.1% | |
| 5 | Texas | 317 | $302M | 5.5% | |
| 6 | Illinois | 199 | $133M | 3.4% | |
| 7 | Ohio | 198 | $94.6M | 3.4% | |
| 8 | Pennsylvania | 155 | $114M | 2.7% | |
| 9 | Georgia | 150 | $166M | 2.6% | |
| 10 | Michigan | 145 | $69.1M | 2.5% | |
| 11 | Minnesota | 125 | $85.2M | 2.1% | |
| 12 | Massachusetts | 124 | $78.9M | 2.1% | |
| 13 | Washington | 104 | $92.8M | 1.8% | |
| 14 | Colorado | 94 | $53.0M | 1.6% | |
| 15 | Wisconsin | 87 | $65.6M | 1.5% |
Franchise brands
0.7% of approvals carried a franchise code.
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Vital Care | 4 | 0.1% | |
| 2 | Dippin' Dots | 3 | 0.1% | |
| 3 | Ace Hardware | 3 | 0.1% | |
| 4 | Rocket Fizz Soda Pop and Candy Shop | 2 | 0.0% | |
| 5 | Flowers Baking Co. of Bardstown | 2 | 0.0% | |
| 6 | Pirtek | 2 | 0.0% | |
| 7 | Clothes Bin | 2 | 0.0% | |
| 8 | Sunoco, LLC | 1 | 0.0% | |
| 9 | Toro | 1 | 0.0% | |
| 10 | WaterStation | 1 | 0.0% |
Approval sizes
- $50,000 or less15.9%925
- $50,001 to $150,00022.6%1,315
- $150,001 to $350,00020.4%1,186
- $350,001 to $1 million19.9%1,157
- $1 million to $2 million9.9%578
- Over $2 million11.2%653
Age of the businesses
- Existing, more than 2 years old76.6%4,453
- New business, 2 years or less12.7%736
- Startup, loan funds will open the business5.0%288
- Change of ownership5.8%335
- Not answered0.0%2
Charge-offs against all industries
| Loans approved FY2010–FY2021 | This industry, 7(a) | All 7(a) | This industry, 504 | All 504 |
|---|---|---|---|---|
| Approvals in these years | 12,683 | 639,905 | 2,088 | 85,591 |
| Cancelled or never disbursed | 1,511 | 79,313 | 304 | 12,514 |
| Disbursed loans | 11,172 | 560,592 | 1,784 | 73,077 |
| Paid in full | 8,862 | 435,813 | 1,010 | 35,491 |
| Charged off | 920 | 36,891 | 13 | 905 |
| Still outstanding (status exempt from disclosure) | 1,390 | 87,888 | 761 | 36,681 |
| Charged off, share of disbursed loans | 8.2% | 6.6% | 0.7% | 1.2% |
| Dollars charged off, share of disbursed dollars | 2.8% | 2.5% | 0.2% | 0.9% |
| Dollars charged off | $156M | $5.70bn | $4.2M | $499M |
Against all industries
| FY2021–FY2025 | NAICS 424 | All industries |
|---|---|---|
| Median 7(a) approval | $216K | $190K |
| Median 504 approval | $1.0M | $657K |
| Average approval | $738K | $573K |
| Approvals per 1,000 establishments | 47.6 | 41.0 |
| Approvals to franchise businesses | 0.7% | 11.2% |
| Jobs supported per approval, as reported | 8.7 | 10.5 |
Questions and answers
Which lenders make the most SBA loans for merchant wholesalers, nondurable goods?
By approvals in FY2021 to FY2025: TD Bank, National Association (482), The Huntington National Bank (348), Newtek Bank, National Association (234), BayFirst National Bank (226), JPMorgan Chase Bank, National Association (216). 644 lenders had at least one.
How large are typical SBA loans for merchant wholesalers, nondurable goods?
The median 7(a) approval was $216K and the median 504 approval $1.0M; the average across both programs was $738K.
What share of SBA loans for merchant wholesalers, nondurable goods are charged off?
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 8.2% are recorded as charged off, against 6.6% for all industries; for 504 loans, 0.7% against 1.2%.
Which states have the most SBA loans for merchant wholesalers, nondurable goods?
California (1,239), New York (670), Florida (596), New Jersey (354), Texas (317).
Is SBA lending for merchant wholesalers, nondurable goods rising?
Approvals in the three latest complete fiscal years total 3,721, against 2,873 in the three before: rising (+30%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error