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

The median SBA approval in NAICS 111150 is $122,500, with the middle 80% of loans between $26,000 and $989,100. Across all industries the median is $180,000.

Which lenders are most active in corn farming?

By dollars approved: Red River State Bank, Hershey Bank, Security Financial Bank, The First Bank and Trust Company, Old National Bank. 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 corn farming considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.2% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 111150 · Agriculture

SBA loans for corn farming

88 SBA loans worth $40.5M have been approved in this industry since FY2010 - the #720 most-financed NAICS code in the country.

Median loan

$122,500

-32% vs all industries

Typical range

$26K-$989K

Middle 80%

Median rate

5.75%

7(a) initial note rate

Median term

7.1 yr

Charge-off rate

2.2%

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
Red River State Bank	7	$8.2M
Hershey Bank	4	$6.3M
Security Financial Bank	5	$6.0M
The First Bank and Trust Company	1	$5.0M
Old National Bank	2	$1.7M
Dakota Business Finance	1	$1.3M
BankPlus	1	$1.1M
Farmers Bank and Trust	1	$1.0M
ProGrowth Bank	2	$975K
Magnifi Financial CU	1	$946K

Geography

Where these loans were made

State	Loans	Share
Minnesota	26
Nebraska	15
Wisconsin	9
North Carolina	7
Mississippi	4
Idaho	3
Indiana	2
South Dakota	2

Approvals by fiscal year

’10

’11

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
25%
$50K - $150K
30%
$150K - $350K
22%
$350K - $1M
14%
$1M - $2M
3%
Over $2M
7%

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 corn farming business?: The median SBA approval in NAICS 111150 is $122,500, with the middle 80% of loans between $26,000 and $989,100. Across all industries the median is $180,000.
Which lenders are most active in corn farming?: By dollars approved: Red River State Bank, Hershey Bank, Security Financial Bank, The First Bank and Trust Company, Old National Bank. 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 corn farming considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.2% 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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