Advertiser disclosure: Some links on this page earn us a commission. Compensation never affects our data, our rankings, or which lenders we cover. How we make money.
NAICS 311520 · Manufacturing
SBA loans for ice cream and frozen dessert manufacturing
508 SBA loans worth $201.5M have been approved in this industry since FY2010 - the #333 most-financed NAICS code in the country.
Median loan
$170,000
-6% vs all industries
Typical range
$20K-$920K
Middle 80%
Median rate
7.25%
7(a) initial note rate
Median term
10 yr
Charge-off rate
10.6%
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 |
|---|---|---|---|
| Mountain West Small Business Finance | 5 | $11.9M | |
| BMO Bank | 5 | $9.8M | |
| TD Bank | 15 | $7.8M | |
| The Huntington National Bank | 23 | $6.6M | |
| Granite State Economic Development Corporation | 3 | $5.7M | |
| Mortgage Capital Development Corporation | 4 | $5.7M | |
| First Bank | 6 | $4.7M | |
| TowneBank | 1 | $4.2M | |
| Regions Bank | 5 | $4.2M | |
| WBD, Inc. | 3 | $4.1M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 83 | |
| Texas | 47 | |
| New York | 39 | |
| Massachusetts | 36 | |
| Pennsylvania | 26 | |
| Florida | 24 | |
| Connecticut | 16 | |
| Puerto Rico | 15 |
An SBA 7(a) lender for loans this size
71% of the SBA loans approved in ice cream and frozen dessert manufacturing since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K21%
- $50K - $150K21%
- $150K - $350K29%
- $350K - $1M20%
- $1M - $2M5%
- Over $2M4%
Franchise brands in Ice Cream and Frozen Dessert Manufacturing
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Menchie's | 16 | $4.7M | |
| Cold Stone Creamery | 9 | $3.6M | |
| Baskin-Robbins | 7 | $1.4M | |
| Rita's Ice-Custard-Happiness | 6 | $2.0M | |
| Pinkberry | 4 | $1.6M | |
| Jeremiah's Italian Ice | 3 | $1.2M | |
| Buzzed Bull Creamery | 3 | $648K | |
| Tifa Chocolate & Gelato | 3 | $1.3M | |
| Bruster's Real Ice Cream | 2 | $785K | |
| Marble Slab Creamery | 2 | $248K |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other manufacturing industries
Common questions
- How much do SBA lenders typically lend to a ice cream and frozen dessert manufacturing business?
- The median SBA approval in NAICS 311520 is $170,000, with the middle 80% of loans between $20,000 and $920,000. Across all industries the median is $180,000.
- Which lenders are most active in ice cream and frozen dessert manufacturing?
- By dollars approved: Mountain West Small Business Finance, BMO Bank, TD Bank, The Huntington National Bank, Granite State Economic Development Corporation. 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 ice cream and frozen dessert manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.6% 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.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.