NAICS 424420 · Wholesale
SBA loans for packaged frozen food merchant wholesalers
358 SBA loans worth $184.3M have been approved in this industry since FY2010 - the #414 most-financed NAICS code in the country.
Median loan
$225,000
+25% vs all industries
Typical range
$25K-$1.3M
Middle 80%
Median rate
6.50%
7(a) initial note rate
Median term
10 yr
Charge-off rate
12.2%
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 |
|---|---|---|---|
| TD Bank | 32 | $14.6M | |
| The Huntington National Bank | 8 | $6.8M | |
| Wells Fargo Bank | 20 | $6.7M | |
| First Merchants Bank | 6 | $6.3M | |
| Empire State Certified Development Corporation | 2 | $6.2M | |
| Celtic Bank Corporation | 5 | $5.9M | |
| CalPrivate Bank | 3 | $5.8M | |
| JPMorgan Chase Bank | 29 | $5.4M | |
| Mortgage Capital Development Corporation | 3 | $5.4M | |
| East West Bank | 9 | $5.3M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 71 | |
| New York | 39 | |
| Florida | 33 | |
| Texas | 24 | |
| New Jersey | 19 | |
| Massachusetts | 16 | |
| Illinois | 12 | |
| Michigan | 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 $50K18%
- $50K - $150K24%
- $150K - $350K18%
- $350K - $1M25%
- $1M - $2M10%
- Over $2M6%
Nearby
Other wholesale industries
Other Miscellaneous Durable Goods Merchant Wholesalers4,432 · $296,000Other Miscellaneous Nondurable Goods Merchant Wholesalers3,598 · $270,000Other Grocery and Related Products Merchant Wholesalers2,289 · $150,000Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers1,953 · $150,000Industrial Machinery and Equipment Merchant Wholesalers1,918 · $300,000Sporting and Recreational Goods and Supplies Merchant Wholesalers1,706 · $191,750Wholesale Trade Agents and Brokers1,547 · $180,000Recyclable Material Merchant Wholesalers1,450 · $350,000
Common questions
- How much do SBA lenders typically lend to a packaged frozen food merchant wholesalers business?
- The median SBA approval in NAICS 424420 is $225,000, with the middle 80% of loans between $25,000 and $1,250,000. Across all industries the median is $180,000.
- Which lenders are most active in packaged frozen food merchant wholesalers?
- By dollars approved: TD Bank, The Huntington National Bank, Wells Fargo Bank, First Merchants Bank, Empire State Certified 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 packaged frozen food merchant wholesalers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 12.2% 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.