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NAICS 441110 · Retail
SBA loans for new car dealers
1,252 SBA loans worth $1.85B have been approved in this industry since FY2010 - the #170 most-financed NAICS code in the country.
Median loan
$1,034,500
+475% vs all industries
Typical range
$105K-$3.8M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
20 yr
Charge-off rate
5.5%
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 |
|---|---|---|---|
| Live Oak Banking Company | 67 | $245.1M | |
| Empire State Certified Development Corporation | 38 | $72.3M | |
| SomerCor 504, Inc. | 36 | $69.3M | |
| Small Business Growth Corporation | 27 | $60.9M | |
| WBD, Inc. | 40 | $49.1M | |
| New England Certified Development Corporation | 13 | $30.6M | |
| Granite State Economic Development Corporation | 17 | $30.1M | |
| Celtic Bank Corporation | 17 | $29.9M | |
| Florida Business Development Corporation | 15 | $26.3M | |
| Newtek Bank | 34 | $25.8M |
An SBA 7(a) lender for loans this size
21% of the SBA loans approved in new car dealers since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K6%
- $50K - $150K5%
- $150K - $350K9%
- $350K - $1M27%
- $1M - $2M24%
- Over $2M28%
Franchise brands in New Car Dealers
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Ford Motor Company Dealer Sales and Service Agreement | 70 | $161.7M | |
| Chrysler | 69 | $131.6M | |
| General Motors, LLC Dealer Sales and Service Agreement | 45 | $93.9M | |
| Ford Motor | 26 | $31.9M | |
| Nissan North America, Inc. | 15 | $44.1M | |
| Kia Dealer Sales and Service Agreement | 13 | $23.0M | |
| Honda Automobile Division | 10 | $28.6M | |
| Mitsubishi Motors Dealer Agreement | 9 | $13.4M | |
| Honda | 1 | $783K | |
| Napa Auto Parts | 1 | $361K |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other retail industries
Common questions
- How much do SBA lenders typically lend to a new car dealers business?
- The median SBA approval in NAICS 441110 is $1,034,500, with the middle 80% of loans between $105,000 and $3,750,000. Across all industries the median is $180,000.
- Which lenders are most active in new car dealers?
- By dollars approved: Live Oak Banking Company, Empire State Certified Development Corporation, SomerCor 504, Inc., Small Business Growth Corporation, WBD, Inc.. 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 new car dealers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.5% 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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