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NAICS 445110 · Retail
SBA loans for supermarkets and other grocery retailers
7,314 SBA loans worth $5.28B have been approved in this industry since FY2010 - the #27 most-financed NAICS code in the country.
Median loan
$350,000
+94% vs all industries
Typical range
$30K-$1.9M
Middle 80%
Median rate
6.24%
7(a) initial note rate
Median term
10 yr
Charge-off rate
10.8%
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 |
|---|---|---|---|
| NewBank | 301 | $411.9M | |
| Bank of Hope | 344 | $277.3M | |
| Metro City Bank | 105 | $160.8M | |
| The Huntington National Bank | 411 | $123.8M | |
| U.S. Bank | 217 | $112.9M | |
| Wells Fargo Bank | 220 | $109.6M | |
| Byline Bank | 82 | $109.3M | |
| The Bank of Princeton | 92 | $97.7M | |
| Readycap Lending, LLC | 72 | $87.3M | |
| Commonwealth Business Bank | 61 | $78.5M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 1,242 | |
| New York | 1,096 | |
| Ohio | 326 | |
| Michigan | 320 | |
| Illinois | 279 | |
| Texas | 277 | |
| New Jersey | 275 | |
| Washington | 256 |
An SBA 7(a) lender for loans this size
50% of the SBA loans approved in supermarkets and other grocery retailers 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 $50K13%
- $50K - $150K18%
- $150K - $350K19%
- $350K - $1M26%
- $1M - $2M15%
- Over $2M9%
Franchise brands in Supermarkets and Other Grocery Retailers
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Piggly Wiggly | 43 | $39.1M | |
| Save-A-Lot Food Stores- License & Supply Agreement | 25 | $25.7M | |
| Save-a-lot Food Stores | 22 | $17.0M | |
| Iga USA | 18 | $20.0M | |
| Save | 16 | $7.9M | |
| Iga Food Stores | 12 | $11.2M | |
| Ace Hardware | 8 | $8.3M | |
| Savi Provisions | 4 | $2.3M | |
| Jackson Food Stores, Inc. Retail Sales Agreement | 3 | $3.6M | |
| Subway | 2 | $803K |
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 supermarkets and other grocery retailers business?
- The median SBA approval in NAICS 445110 is $350,000, with the middle 80% of loans between $30,000 and $1,910,000. Across all industries the median is $180,000.
- Which lenders are most active in supermarkets and other grocery retailers?
- By dollars approved: NewBank, Bank of Hope, Metro City Bank, The Huntington National Bank, U.S. 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 supermarkets and other grocery retailers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.8% 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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