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.

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
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

Geography

Where these loans were made

State	Loans	Share
California	109
Texas	86
Illinois	85
Wisconsin	79
New York	66
Indiana	56
Michigan	52
Ohio	46

Approvals by fiscal year

’10

’11

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
6%
$50K - $150K
5%
$150K - $350K
9%
$350K - $1M
27%
$1M - $2M
24%
Over $2M
28%

Nearby

Other retail industries

See the sector

Gasoline Stations with Convenience Stores9,734 · $788,400 Beer, Wine, and Liquor Stores8,158 · $300,000 Supermarkets and Other Grocery Retailers7,314 · $350,000 Pharmacies and Drug Stores4,651 · $350,000 Convenience Stores4,629 · $179,100 Used Car Dealers4,422 · $227,750 Automotive Parts and Accessories Stores2,779 · $181,100 Beer, Wine, and Liquor Retailers2,760 · $500,000

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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