NAICS 424720 · Wholesale
SBA loans for petroleum and petroleum products merchant wholesalers
339 SBA loans worth $241.7M have been approved in this industry since FY2010 - the #425 most-financed NAICS code in the country.
Median loan
$350,000
+94% vs all industries
Typical range
$50K-$1.7M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
3.5%
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 |
|---|---|---|---|
| Newtek Small Business Finance, Inc. | 10 | $14.1M | |
| The Huntington National Bank | 19 | $10.4M | |
| Zions Bank, A Division of | 14 | $9.7M | |
| Live Oak Banking Company | 2 | $7.1M | |
| Wells Fargo Bank | 15 | $7.0M | |
| JPMorgan Chase Bank | 20 | $6.1M | |
| Byline Bank | 8 | $5.7M | |
| Central Bank | 2 | $5.3M | |
| Santander Bank | 3 | $5.3M | |
| Dime Commercial Bank | 3 | $5.2M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 52 | |
| Texas | 33 | |
| Indiana | 26 | |
| Florida | 18 | |
| Ohio | 16 | |
| Michigan | 15 | |
| Georgia | 12 | |
| Pennsylvania | 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 $50K7%
- $50K - $150K18%
- $150K - $350K23%
- $350K - $1M25%
- $1M - $2M18%
- 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 petroleum and petroleum products merchant wholesalers business?
- The median SBA approval in NAICS 424720 is $350,000, with the middle 80% of loans between $50,000 and $1,705,000. Across all industries the median is $180,000.
- Which lenders are most active in petroleum and petroleum products merchant wholesalers?
- By dollars approved: Newtek Small Business Finance, Inc., The Huntington National Bank, Zions Bank, A Division of, Live Oak Banking Company, 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 petroleum and petroleum products merchant wholesalers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 3.5% 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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