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

The median SBA approval in NAICS 441222 is $350,000, with the middle 80% of loans between $50,000 and $1,793,000. Across all industries the median is $180,000.

Which lenders are most active in boat dealers?

By dollars approved: The Huntington National Bank, Wells Fargo Bank, Pinnacle Bank, Byline Bank, Mountain Pacific 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 boat dealers considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 3.9% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 441222 · Retail

SBA loans for boat dealers

674 SBA loans worth $466.4M have been approved in this industry since FY2010 - the #278 most-financed NAICS code in the country.

Median loan

$350,000

+94% vs all industries

Typical range

$50K-$1.8M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

10.3 yr

Charge-off rate

3.9%

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
The Huntington National Bank	29	$25.2M
Wells Fargo Bank	35	$22.5M
Pinnacle Bank	9	$11.7M
Byline Bank	4	$10.1M
Mountain Pacific Bank	2	$10.0M
Newtek Small Business Finance, Inc.	9	$9.1M
Harvest Small Business Finance, LLC	6	$8.8M
Newtek Bank	12	$8.4M
United Community Bank	4	$8.2M
Mortgage Capital Development Corporation	5	$7.6M

Geography

Where these loans were made

State	Loans	Share
Florida	87
Michigan	52
Minnesota	50
Wisconsin	44
California	44
Washington	36
New York	23
Idaho	22

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

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’22

’23

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’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
8%
$50K - $150K
15%
$150K - $350K
24%
$350K - $1M
31%
$1M - $2M
14%
Over $2M
8%

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 boat dealers business?: The median SBA approval in NAICS 441222 is $350,000, with the middle 80% of loans between $50,000 and $1,793,000. Across all industries the median is $180,000.
Which lenders are most active in boat dealers?: By dollars approved: The Huntington National Bank, Wells Fargo Bank, Pinnacle Bank, Byline Bank, Mountain Pacific 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 boat dealers considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 3.9% 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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