How much do SBA lenders typically lend to a soybean farming business?

The median SBA approval in NAICS 111110 is $140,000, with the middle 80% of loans between $25,000 and $1,117,000. Across all industries the median is $180,000.

Which lenders are most active in soybean farming?

By dollars approved: The First Bank and Trust Company, Red River State Bank, Truist Bank, Blue Ridge Bank, BankPlus. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is soybean farming considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.0% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 111110 · Agriculture

SBA loans for soybean farming

110 SBA loans worth $53.3M have been approved in this industry since FY2010 - the #666 most-financed NAICS code in the country.

Median loan

$140,000

-22% vs all industries

Typical range

$25K-$1.1M

Middle 80%

Median rate

5.50%

7(a) initial note rate

Median term

9.1 yr

Charge-off rate

2.0%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
The First Bank and Trust Company	3	$15.0M
Red River State Bank	15	$9.2M
Truist Bank	6	$5.1M
Blue Ridge Bank	1	$3.7M
BankPlus	5	$2.5M
Live Oak Banking Company	1	$1.6M
Peoples Savings Bank	2	$1.4M
Enterprise Bank & Trust	1	$1.4M
Readycap Lending, LLC	2	$1.3M
Community Bank of Mississippi	7	$1.3M

Geography

Where these loans were made

State	Loans	Share
Mississippi	22
California	16
Minnesota	16
Virginia	9
New York	6
Iowa	5
Pennsylvania	5
Arkansas	4

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
19%
$50K - $150K
31%
$150K - $350K
24%
$350K - $1M
15%
$1M - $2M
7%
Over $2M
5%

Nearby

Other agriculture industries

See the sector

Broilers and Other Meat Type Chicken Production4,094 · $677,000 Logging1,090 · $88,000 Support Activities for Animal Production803 · $189,000 Chicken Egg Production727 · $473,000 Beef Cattle Ranching and Farming629 · $75,300 Other Poultry Production483 · $350,000 Nursery and Tree Production452 · $260,500 Soil Preparation, Planting, and Cultivating451 · $171,600

Common questions

How much do SBA lenders typically lend to a soybean farming business?: The median SBA approval in NAICS 111110 is $140,000, with the middle 80% of loans between $25,000 and $1,117,000. Across all industries the median is $180,000.
Which lenders are most active in soybean farming?: By dollars approved: The First Bank and Trust Company, Red River State Bank, Truist Bank, Blue Ridge Bank, BankPlus. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is soybean farming considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.0% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

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