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NAICS 445291 · Retail
SBA loans for baked goods retailers
1,914 SBA loans worth $703.9M have been approved in this industry since FY2010 - the #122 most-financed NAICS code in the country.
Median loan
$201,750
+12% vs all industries
Typical range
$25K-$834K
Middle 80%
Median rate
6.89%
7(a) initial note rate
Median term
10 yr
Charge-off rate
8.8%
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 |
|---|---|---|---|
| The Huntington National Bank | 220 | $51.0M | |
| Wells Fargo Bank | 57 | $16.9M | |
| KeyBank | 33 | $15.3M | |
| Readycap Lending, LLC | 24 | $14.9M | |
| JPMorgan Chase Bank | 66 | $14.8M | |
| Commonwealth Business Bank | 15 | $14.3M | |
| Wilmington Savings Fund Society | 17 | $14.3M | |
| Live Oak Banking Company | 15 | $14.2M | |
| NewBank | 20 | $13.2M | |
| Byline Bank | 20 | $12.6M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 236 | |
| New York | 165 | |
| Texas | 127 | |
| Ohio | 124 | |
| New Jersey | 111 | |
| Michigan | 94 | |
| Pennsylvania | 92 | |
| Massachusetts | 82 |
An SBA 7(a) lender for loans this size
65% of the SBA loans approved in baked goods 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 $50K19%
- $50K - $150K22%
- $150K - $350K24%
- $350K - $1M27%
- $1M - $2M6%
- Over $2M2%
Franchise brands in Baked Goods Retailers
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Crumbl | 87 | $48.8M | |
| Dunkin' | 84 | $70.0M | |
| Nothing Bundt Cakes | 68 | $34.5M | |
| Paris Baguette | 26 | $25.8M | |
| Great Harvest Bread Co. | 24 | $8.0M | |
| Tous Les Jours | 19 | $10.8M | |
| Duck Donuts | 18 | $7.1M | |
| Great American Cookies | 8 | $2.6M | |
| Auntie Anne's | 8 | $2.5M | |
| Dirty Dough | 8 | $1.6M |
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 baked goods retailers business?
- The median SBA approval in NAICS 445291 is $201,750, with the middle 80% of loans between $25,000 and $834,000. Across all industries the median is $180,000.
- Which lenders are most active in baked goods retailers?
- By dollars approved: The Huntington National Bank, Wells Fargo Bank, KeyBank, Readycap Lending, LLC, JPMorgan Chase 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 baked goods retailers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.8% were charged off, versus 7.6% across all SBA lending. That is close to average.
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