NAICS 311412 · Manufacturing
SBA loans for frozen specialty food manufacturing
238 SBA loans worth $163.8M have been approved in this industry since FY2010 - the #496 most-financed NAICS code in the country.
Median loan
$219,000
+22% vs all industries
Typical range
$25K-$1.9M
Middle 80%
Median rate
6.87%
7(a) initial note rate
Median term
10 yr
Charge-off rate
10.3%
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 | Share |
|---|---|---|---|
| Byline Bank | 7 | $14.8M | |
| JPMorgan Chase Bank | 23 | $9.5M | |
| Newtek Bank | 8 | $6.9M | |
| Mountain West Small Business Finance | 2 | $6.2M | |
| Greater East Texas Certified Development Company | 2 | $5.9M | |
| CDC Small Business Finance Corp. | 4 | $5.5M | |
| St. Louis Bank | 2 | $5.3M | |
| TransPecos Banks | 1 | $5.0M | |
| InBank | 1 | $5.0M | |
| Siouxland Economic Development Corporation | 6 | $4.8M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 33 | |
| New York | 26 | |
| Texas | 14 | |
| Wisconsin | 13 | |
| Minnesota | 13 | |
| Ohio | 13 | |
| Massachusetts | 12 | |
| New Jersey | 11 |
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 $50K20%
- $50K - $150K19%
- $150K - $350K18%
- $350K - $1M21%
- $1M - $2M12%
- Over $2M9%
Nearby
Other manufacturing industries
Breweries4,377 · $265,000Retail Bakeries2,557 · $150,000Commercial Bakeries1,411 · $150,000Wineries1,122 · $210,000All Other Miscellaneous Food Manufacturing1,008 · $300,000Coffee and Tea Manufacturing804 · $127,750Apparel Accessories and Other Apparel Manufacturing782 · $200,000Distilleries769 · $250,000
Common questions
- How much do SBA lenders typically lend to a frozen specialty food manufacturing business?
- The median SBA approval in NAICS 311412 is $219,000, with the middle 80% of loans between $25,000 and $1,884,000. Across all industries the median is $180,000.
- Which lenders are most active in frozen specialty food manufacturing?
- By dollars approved: Byline Bank, JPMorgan Chase Bank, Newtek Bank, Mountain West Small Business Finance, Greater East Texas Certified Development Company. 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 frozen specialty food manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.3% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
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