How much do SBA lenders typically lend to a hog and pig farming business?

The median SBA approval in NAICS 112210 is $358,500, with the middle 80% of loans between $26,000 and $2,500,000. Across all industries the median is $180,000.

Which lenders are most active in hog and pig farming?

By dollars approved: First Financial Bank, Wells Fargo Bank, First Farmers Bank and Trust Co, Midwest Business Finance Corporation, Pioneer 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 hog and pig farming considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.2% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 112210 · Agriculture

SBA loans for hog and pig farming

120 SBA loans worth $100.6M have been approved in this industry since FY2010 - the #642 most-financed NAICS code in the country.

Median loan

$358,500

+99% vs all industries

Typical range

$26K-$2.5M

Middle 80%

Median rate

5.70%

7(a) initial note rate

Median term

10 yr

Charge-off rate

4.2%

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
First Financial Bank	15	$13.7M
Wells Fargo Bank	13	$9.1M
First Farmers Bank and Trust Co	3	$7.5M
Midwest Business Finance Corporation	16	$7.3M
Pioneer Bank	2	$5.6M
Byline Bank	1	$5.0M
First Federal Bank	1	$4.8M
Farm Credit Services of Western Arkansas, FLCA/PCA	2	$4.3M
Rural Missouri, Inc.	2	$4.2M
Community Resource Bank	1	$3.9M

Geography

Where these loans were made

State	Loans	Share
Minnesota	37
Iowa	15
Arkansas	15
North Carolina	7
Pennsylvania	6
Missouri	5
Indiana	5
Oklahoma	4

Approvals by fiscal year

’10

’11

’12

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’16

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’19

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
14%
$50K - $150K
11%
$150K - $350K
23%
$350K - $1M
27%
$1M - $2M
9%
Over $2M
17%

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 hog and pig farming business?: The median SBA approval in NAICS 112210 is $358,500, with the middle 80% of loans between $26,000 and $2,500,000. Across all industries the median is $180,000.
Which lenders are most active in hog and pig farming?: By dollars approved: First Financial Bank, Wells Fargo Bank, First Farmers Bank and Trust Co, Midwest Business Finance Corporation, Pioneer 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 hog and pig farming considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.2% 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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