Wholesale Trade ·NAICS 423740

NAICS 423740 · IRS SOI 2023 · Census CBP

Refrigeration Equipment and Supplies Merchant Wholesalers - Industry Benchmarks

33 SBA loans on record, $24M in volume, for NAICS 423740.

4.1%
Wholesale Trade sector margin
N/A
Workers employed
N/A
Avg payroll / employee
$24M
SBA lending, FY20–26

Data updated July 2026

The verdict · NAICS 423740

California leads Refrigeration Equipment and Supplies Merchant Wholesalers activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Wholesale Trade sector runs a 4.1% net margin.

4.1%
Wholesale Trade sector margin (IRS SOI)
N/A
Workers employed (Census CBP)
N/A
Avg payroll / employee
$24M
SBA lending, FY20–26

Benchmarking Insights for Refrigeration Equipment and Supplies Merchant Wholesalers

Refrigeration Equipment and Supplies Merchant Wholesalers sits inside Wholesale Trade, a sector that runs a 4.1% net margin overall.

1,262 establishments employ N/A workers. California leads employment, followed by Georgia and South Carolina.

Employment

N/A

Total employees (Census CBP)

Avg Payroll / Employee

N/A

Annual compensation

Establishments

1,262

Business locations

Release-over-release change

What changed from Census CBP 2022 to 2023

establishment count increased by 64. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.

Financial Detail

Annual Payroll (Total)
$979.3M

Top States by Employment

State Employment
California 1,629
Georgia 525
South Carolina 377
Arizona 372
Michigan 333
Colorado 233
Oklahoma 199
Kentucky 135
North Dakota 85
Hawaii 50

Showing top 10 of 44 states

SBA Lending Activity

SBA FY2020–2026

SBA Loans Approved

33

Total Loan Volume

$24M

Avg Loan Size

$735K

Jobs Supported

234

Program Breakdown

7(a) 33 (100%)
504 0 (0%)

Top SBA Lender

Wells Fargo Bank National Association

3 loans in this industry

New Business Share

18.2% of borrowers were new/startup businesses

Annual Lending Trend (7 yrs)

2020
6
2021
7
2022
2
2023
5
2024
7
2025
5
2026
1

View SBA lending rankings →

Frequently Asked Questions

How profitable is Refrigeration Equipment and Supplies Merchant Wholesalers?
IRS SOI doesn't publish margin data at the NAICS 423740 level. California leads this industry nationally. The broader Wholesale Trade sector runs a 4.1% net margin (IRS SOI 2023).
How many businesses are in Refrigeration Equipment and Supplies Merchant Wholesalers?
1,262 business establishments.
What is the average payroll per employee in Refrigeration Equipment and Supplies Merchant Wholesalers?
Average payroll data for Refrigeration Equipment and Supplies Merchant Wholesalers is not available in the current Census CBP dataset.
Which states have the most Refrigeration Equipment and Supplies Merchant Wholesalers employment?
California leads with 1,629 workers. Georgia (525) and South Carolina (377) round out the top three.
How much SBA lending does Refrigeration Equipment and Supplies Merchant Wholesalers receive?
Refrigeration Equipment and Supplies Merchant Wholesalers businesses received 33 SBA loans totaling $24 million between FY2020 and FY2026. The average loan size was $735K. These loans supported 234 jobs at origination. Most lending (100%) came through the SBA 7(a) program.

Benchmarking Refrigeration Equipment and Supplies Merchant Wholesalers

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 423740 · Data year: 2023

According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.

Read our methodology - how this data is sourced, computed, and verified.

Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023

Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.