How much do SBA lenders typically lend to a fruit and vegetable retailers business?

The median SBA approval in NAICS 445230 is $150,000, with the middle 80% of loans between $21,000 and $976,400. Across all industries the median is $180,000.

Which lenders are most active in fruit and vegetable retailers?

By dollars approved: Bank of Hope, NewBank, Fremont Bank, Citizens Bank, The Bank of Princeton. 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 fruit and vegetable retailers considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 12.6% 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 445230 · Retail

SBA loans for fruit and vegetable retailers

487 SBA loans worth $197.0M have been approved in this industry since FY2010 - the #346 most-financed NAICS code in the country.

Median loan

$150,000

-17% vs all industries

Typical range

$21K-$976K

Middle 80%

Median rate

6.25%

7(a) initial note rate

Median term

10 yr

Charge-off rate

12.6%

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
Bank of Hope	38	$14.5M
NewBank	30	$11.4M
Fremont Bank	2	$10.0M
Citizens Bank	16	$8.6M
The Bank of Princeton	14	$8.4M
Mortgage Capital Development Corporation	3	$7.5M
First Bank & Trust	2	$7.2M
Wells Fargo Bank	27	$6.9M
New Millennium Bank	9	$6.1M
Granite State Economic Development Corporation	3	$4.4M

Geography

Where these loans were made

State	Loans	Share
New York	117
California	60
New Jersey	44
Florida	29
Pennsylvania	24
Massachusetts	19
Michigan	14
Georgia	14

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

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’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
21%
$50K - $150K
26%
$150K - $350K
23%
$350K - $1M
20%
$1M - $2M
6%
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 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 fruit and vegetable retailers business?: The median SBA approval in NAICS 445230 is $150,000, with the middle 80% of loans between $21,000 and $976,400. Across all industries the median is $180,000.
Which lenders are most active in fruit and vegetable retailers?: By dollars approved: Bank of Hope, NewBank, Fremont Bank, Citizens Bank, The Bank of Princeton. 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 fruit and vegetable retailers considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 12.6% 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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