How much do SBA lenders typically lend to a retail bakeries business?

The median SBA approval in NAICS 311811 is $150,000, with the middle 80% of loans between $20,000 and $782,000. Across all industries the median is $180,000.

Which lenders are most active in retail bakeries?

By dollars approved: America First Federal Credit Union, U.S. Bank, The Huntington National Bank, First Internet Bank of Indiana, Newtek 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 retail bakeries considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.1% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 311811 · Manufacturing

SBA loans for retail bakeries

2,557 SBA loans worth $831.1M have been approved in this industry since FY2010 - the #93 most-financed NAICS code in the country.

Median loan

$150,000

-17% vs all industries

Typical range

$20K-$782K

Middle 80%

Median rate

7.50%

7(a) initial note rate

Median term

10 yr

Charge-off rate

8.1%

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
America First Federal Credit Union	106	$43.0M
U.S. Bank	72	$32.0M
The Huntington National Bank	204	$30.9M
First Internet Bank of Indiana	25	$20.0M
Newtek Bank	51	$18.9M
Wells Fargo Bank	83	$15.6M
Celtic Bank Corporation	25	$15.3M
BMO Bank	14	$13.3M
Manufacturers and Traders Trust Company	73	$12.7M
Byline Bank	10	$11.0M

Geography

Where these loans were made

State	Loans	Share
California	331
Texas	176
New York	166
Ohio	140
Florida	127
Pennsylvania	105
Illinois	98
Massachusetts	96

Approvals by fiscal year

’10

’11

’12

’13

’14

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’16

’17

’18

’19

’20

’21

’22

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’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
24%
$50K - $150K
24%
$150K - $350K
22%
$350K - $1M
23%
$1M - $2M
5%
Over $2M
2%

Nearby

Other manufacturing industries

See the sector

Breweries4,377 · $265,000 Commercial Bakeries1,411 · $150,000 Wineries1,122 · $210,000 All Other Miscellaneous Food Manufacturing1,008 · $300,000 Coffee and Tea Manufacturing804 · $127,750 Apparel Accessories and Other Apparel Manufacturing782 · $200,000 Distilleries769 · $250,000 Ice Cream and Frozen Dessert Manufacturing508 · $170,000

Common questions

How much do SBA lenders typically lend to a retail bakeries business?: The median SBA approval in NAICS 311811 is $150,000, with the middle 80% of loans between $20,000 and $782,000. Across all industries the median is $180,000.
Which lenders are most active in retail bakeries?: By dollars approved: America First Federal Credit Union, U.S. Bank, The Huntington National Bank, First Internet Bank of Indiana, Newtek 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 retail bakeries considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.1% were charged off, versus 7.6% across all SBA lending. That is close to average.

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