How much do SBA lenders typically lend to a shellfish fishing business?

The median SBA approval in NAICS 114112 is $100,000, with the middle 80% of loans between $18,000 and $405,000. Across all industries the median is $180,000.

Which lenders are most active in shellfish fishing?

By dollars approved: Webster Bank, Franklin Savings Bank, Newtek Small Business Finance, Inc., Monterey County Bank, The Washington Trust Company of Westerly. 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 shellfish fishing considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.0% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 114112 · Agriculture

SBA loans for shellfish fishing

192 SBA loans worth $35.1M have been approved in this industry since FY2010 - the #551 most-financed NAICS code in the country.

Median loan

$100,000

-44% vs all industries

Typical range

$18K-$405K

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

9.5 yr

Charge-off rate

4.0%

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
Webster Bank	5	$5.4M
Franklin Savings Bank	16	$2.6M
Newtek Small Business Finance, Inc.	4	$1.7M
Monterey County Bank	4	$1.6M
The Washington Trust Company of Westerly	8	$1.4M
Harborstone CU	3	$1.2M
TD Bank	13	$1.1M
Maine Community Bank	7	$1.0M
Bar Harbor Bank & Trust	10	$1.0M
Eastern Maine Development Corporation	5	$1.0M

Geography

Where these loans were made

State	Loans	Share
Maine	62
Massachusetts	44
California	19
Washington	14
Rhode Island	13
Florida	5
Delaware	5
Oregon	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
30%
$50K - $150K
33%
$150K - $350K
22%
$350K - $1M
12%
$1M - $2M
2%
Over $2M
1%

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 shellfish fishing business?: The median SBA approval in NAICS 114112 is $100,000, with the middle 80% of loans between $18,000 and $405,000. Across all industries the median is $180,000.
Which lenders are most active in shellfish fishing?: By dollars approved: Webster Bank, Franklin Savings Bank, Newtek Small Business Finance, Inc., Monterey County Bank, The Washington Trust Company of Westerly. 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 shellfish fishing considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.0% 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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