NAICS 311942 · Manufacturing
SBA loans for spice and extract manufacturing
129 SBA loans worth $71.6M have been approved in this industry since FY2010 - the #627 most-financed NAICS code in the country.
Median loan
$200,000
+11% vs all industries
Typical range
$17K-$1.7M
Middle 80%
Median rate
7.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
8.0%
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 | Share |
|---|---|---|---|
| South Eastern Economic Development Company of Pennsylvania | 3 | $4.2M | |
| US Metro Bank | 1 | $4.1M | |
| California Statewide Certified Development Corporation | 2 | $4.0M | |
| Bank of America | 4 | $3.9M | |
| BankUnited | 1 | $3.6M | |
| BizCapital BIDCO I, LLC | 1 | $3.5M | |
| Valley National Bank | 3 | $3.5M | |
| Fulton Bank | 3 | $3.3M | |
| The Huntington National Bank | 3 | $3.2M | |
| KeyBank | 5 | $3.0M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 24 | |
| Washington | 11 | |
| Florida | 9 | |
| Oregon | 9 | |
| Texas | 7 | |
| New Jersey | 6 | |
| Puerto Rico | 6 | |
| Wisconsin | 5 |
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 - $350K24%
- $350K - $1M19%
- $1M - $2M8%
- 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 spice and extract manufacturing business?
- The median SBA approval in NAICS 311942 is $200,000, with the middle 80% of loans between $17,000 and $1,666,000. Across all industries the median is $180,000.
- Which lenders are most active in spice and extract manufacturing?
- By dollars approved: South Eastern Economic Development Company of Pennsylvania, US Metro Bank, California Statewide Certified Development Corporation, Bank of America, BankUnited. 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 spice and extract manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.0% were charged off, versus 7.6% across all SBA lending. That is close to average.
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