How much do SBA lenders typically lend to a used car dealers business?

The median SBA approval in NAICS 441120 is $227,750, with the middle 80% of loans between $10,000 and $1,215,500. Across all industries the median is $180,000.

Which lenders are most active in used car dealers?

By dollars approved: Enterprise Bank & Trust, Newtek Small Business Finance, Inc., U.S. Bank, Harvest Small Business Finance, LLC, Florida Business Development Corporation. 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 used car dealers considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 12.5% 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.

NAICS 441120 · Retail

SBA loans for used car dealers

4,422 SBA loans worth $2.06B have been approved in this industry since FY2010 - the #52 most-financed NAICS code in the country.

Median loan

$227,750

+27% vs all industries

Typical range

$10K-$1.2M

Middle 80%

Median rate

7.75%

7(a) initial note rate

Median term

10 yr

Charge-off rate

12.5%

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
Enterprise Bank & Trust	118	$124.7M
Newtek Small Business Finance, Inc.	88	$71.4M
U.S. Bank	72	$67.6M
Harvest Small Business Finance, LLC	53	$48.4M
Florida Business Development Corporation	69	$48.0M
Mortgage Capital Development Corporation	47	$47.7M
Northeast Bank	214	$44.0M
Celtic Bank Corporation	105	$41.7M
Columbia Bank	68	$40.4M
Mountain West Small Business Finance	59	$40.2M

Geography

Where these loans were made

State	Loans	Share
California	716
Texas	496
Florida	359
Utah	185
Georgia	180
Arizona	126
Colorado	120
New Jersey	115

Approvals by fiscal year

’10

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Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
24%
$50K - $150K
15%
$150K - $350K
22%
$350K - $1M
27%
$1M - $2M
9%
Over $2M
4%

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 Automotive Parts and Accessories Stores2,779 · $181,100 Beer, Wine, and Liquor Retailers2,760 · $500,000 All Other Specialty Food Stores2,624 · $150,000

Common questions

How much do SBA lenders typically lend to a used car dealers business?: The median SBA approval in NAICS 441120 is $227,750, with the middle 80% of loans between $10,000 and $1,215,500. Across all industries the median is $180,000.
Which lenders are most active in used car dealers?: By dollars approved: Enterprise Bank & Trust, Newtek Small Business Finance, Inc., U.S. Bank, Harvest Small Business Finance, LLC, Florida Business Development Corporation. 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 used car dealers considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 12.5% 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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