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 |
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 $50K21%
- $50K - $150K21%
- $150K - $350K29%
- $350K - $1M20%
- $1M - $2M5%
- Over $2M4%
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 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.
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