NAICS 424460 · Wholesale
SBA loans for fish and seafood merchant wholesalers
642 SBA loans worth $365.7M have been approved in this industry since FY2010 - the #286 most-financed NAICS code in the country.
Median loan
$250,000
+39% vs all industries
Typical range
$27K-$1.6M
Middle 80%
Median rate
6.50%
7(a) initial note rate
Median term
10 yr
Charge-off rate
9.7%
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 |
|---|---|---|---|
| Bank of Hope | 31 | $33.8M | |
| East West Bank | 25 | $18.4M | |
| Empire State Certified Development Corporation | 9 | $13.0M | |
| PCB Bank | 14 | $12.1M | |
| Wells Fargo Bank | 33 | $11.8M | |
| New England Certified Development Corporation | 7 | $9.4M | |
| Florida Business Development Corporation | 9 | $9.1M | |
| Florida First Capital Finance Corporation, Inc. | 4 | $9.0M | |
| Beacon Bank and Trust | 6 | $7.9M | |
| JPMorgan Chase Bank | 48 | $7.2M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 125 | |
| New York | 91 | |
| Florida | 68 | |
| Washington | 64 | |
| Massachusetts | 55 | |
| Maine | 34 | |
| Texas | 23 | |
| New Jersey | 22 |
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 $50K14%
- $50K - $150K22%
- $150K - $350K25%
- $350K - $1M20%
- $1M - $2M12%
- Over $2M8%
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 fish and seafood merchant wholesalers business?
- The median SBA approval in NAICS 424460 is $250,000, with the middle 80% of loans between $27,000 and $1,615,000. Across all industries the median is $180,000.
- Which lenders are most active in fish and seafood merchant wholesalers?
- By dollars approved: Bank of Hope, East West Bank, Empire State Certified Development Corporation, PCB Bank, Wells Fargo 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 fish and seafood merchant wholesalers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.7% 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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