NAICS 325411 · Manufacturing
SBA loans for medicinal and botanical manufacturing
266 SBA loans worth $236.9M have been approved in this industry since FY2010 - the #474 most-financed NAICS code in the country.
Median loan
$350,000
+94% vs all industries
Typical range
$50K-$2.6M
Middle 80%
Median rate
6.75%
7(a) initial note rate
Median term
10 yr
Charge-off rate
4.6%
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 | 8 | $15.9M | |
| Empire State Certified Development Corporation | 4 | $12.7M | |
| Community Banks of Colorado, A Division of NBH Bank | 7 | $9.6M | |
| Business Finance Capital | 2 | $8.8M | |
| KeyBank | 9 | $8.7M | |
| InBank | 3 | $8.1M | |
| Florida Business Development Corporation | 2 | $6.9M | |
| Newtek Bank | 8 | $6.1M | |
| Genisys CU | 3 | $5.4M | |
| Provident Bank | 4 | $5.4M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 48 | |
| Utah | 30 | |
| Florida | 24 | |
| New Jersey | 15 | |
| Texas | 15 | |
| New York | 13 | |
| Pennsylvania | 13 | |
| Washington | 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 $50K8%
- $50K - $150K15%
- $150K - $350K24%
- $350K - $1M23%
- $1M - $2M15%
- Over $2M15%
Nearby
Other manufacturing industries
Commercial Printing3,239 · $275,000Commercial Screen Printing1,759 · $130,900All Other Plastics Product Manufacturing1,604 · $457,000All Other Miscellaneous Wood Product Manufacturing934 · $241,500Cut Stone and Stone Product Manufacturing801 · $312,000Wood Container and Pallet Manufacturing572 · $350,000Commercial Lithographic Printing570 · $316,000All Other Miscellaneous Chemical Product and Preparation Manufacturing397 · $458,000
Common questions
- How much do SBA lenders typically lend to a medicinal and botanical manufacturing business?
- The median SBA approval in NAICS 325411 is $350,000, with the middle 80% of loans between $50,000 and $2,618,000. Across all industries the median is $180,000.
- Which lenders are most active in medicinal and botanical manufacturing?
- By dollars approved: Mountain West Small Business Finance, Empire State Certified Development Corporation, Community Banks of Colorado, A Division of NBH Bank, Business Finance Capital, KeyBank. 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 medicinal and botanical manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.6% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.
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