NAICS 424940 · Wholesale
SBA loans for tobacco product and electronic cigarette merchant wholesalers
263 SBA loans worth $145.6M have been approved in this industry since FY2010 - the #479 most-financed NAICS code in the country.
Median loan
$170,000
-6% vs all industries
Typical range
$25K-$1.6M
Middle 80%
Median rate
7.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
8.5%
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 |
|---|---|---|---|
| Wells Fargo Bank | 25 | $12.5M | |
| Newtek Bank | 9 | $8.9M | |
| California Statewide Certified Development Corporation | 3 | $8.2M | |
| First Internet Bank of Indiana | 2 | $7.8M | |
| The Huntington National Bank | 26 | $7.7M | |
| United Business Bank | 3 | $6.0M | |
| Provident Bank | 1 | $5.0M | |
| JPMorgan Chase Bank | 11 | $4.3M | |
| Mortgage Capital Development Corporation | 4 | $3.9M | |
| Enterprise Bank & Trust | 2 | $3.7M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 52 | |
| Florida | 26 | |
| New York | 16 | |
| Pennsylvania | 16 | |
| Ohio | 15 | |
| Texas | 14 | |
| New Jersey | 12 | |
| Michigan | 10 |
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 $50K17%
- $50K - $150K24%
- $150K - $350K19%
- $350K - $1M22%
- $1M - $2M10%
- Over $2M7%
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 tobacco product and electronic cigarette merchant wholesalers business?
- The median SBA approval in NAICS 424940 is $170,000, with the middle 80% of loans between $25,000 and $1,552,000. Across all industries the median is $180,000.
- Which lenders are most active in tobacco product and electronic cigarette merchant wholesalers?
- By dollars approved: Wells Fargo Bank, Newtek Bank, California Statewide Certified Development Corporation, First Internet Bank of Indiana, The Huntington National 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 tobacco product and electronic cigarette merchant wholesalers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.5% were charged off, versus 7.6% across all SBA lending. That is close to average.
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