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NAICS 445120 · Retail
SBA loans for convenience stores
4,629 SBA loans worth $1.52B have been approved in this industry since FY2010 - the #49 most-financed NAICS code in the country.
Median loan
$179,100
-1% vs all industries
Typical range
$25K-$828K
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
7.1%
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 |
|---|---|---|---|
| Commonwealth Business Bank | 451 | $226.3M | |
| The Huntington National Bank | 483 | $62.1M | |
| Bank of Hope | 132 | $44.2M | |
| Hanmi Bank | 83 | $39.8M | |
| Metro City Bank | 47 | $33.7M | |
| Columbia Bank | 79 | $30.6M | |
| Celtic Bank Corporation | 52 | $27.1M | |
| Wells Fargo Bank | 169 | $27.0M | |
| Enterprise Bank & Trust | 34 | $24.7M | |
| U.S. Bank | 173 | $21.9M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 990 | |
| Ohio | 407 | |
| Massachusetts | 306 | |
| Texas | 280 | |
| New York | 264 | |
| Washington | 245 | |
| Michigan | 235 | |
| Oregon | 160 |
An SBA 7(a) lender for loans this size
68% of the SBA loans approved in convenience stores 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 $50K22%
- $50K - $150K23%
- $150K - $350K23%
- $350K - $1M25%
- $1M - $2M6%
- Over $2M1%
Franchise brands in Convenience Stores
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Circle K | 24 | $12.4M | |
| Subway | 11 | $5.9M | |
| Sunoco Service Station | 4 | $1.5M | |
| Chevron | 4 | $5.4M | |
| Dutch Bros. Coffee | 4 | $1.8M | |
| Smoothie King | 4 | $2.1M | |
| Valero | 3 | $1.1M | |
| Citgo Service Station | 2 | $750K | |
| Bp Express | 2 | $1.3M | |
| Sonic | 2 | $3.0M |
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 convenience stores business?
- The median SBA approval in NAICS 445120 is $179,100, with the middle 80% of loans between $25,000 and $828,000. Across all industries the median is $180,000.
- Which lenders are most active in convenience stores?
- By dollars approved: Commonwealth Business Bank, The Huntington National Bank, Bank of Hope, Hanmi Bank, Metro City 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 convenience stores considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.1% were charged off, versus 7.6% across all SBA lending. That is close to average.
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