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NAICS 454311 · Retail
SBA loans for heating oil dealers
144 SBA loans worth $39.7M have been approved in this industry since FY2010 - the #608 most-financed NAICS code in the country.
Median loan
$122,500
-32% vs all industries
Typical range
$50K-$650K
Middle 80%
Median rate
5.98%
7(a) initial note rate
Median term
7 yr
Charge-off rate
10.3%
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 |
|---|---|---|---|
| Parke Bank | 3 | $5.5M | |
| Manufacturers and Traders Trust Company | 18 | $3.3M | |
| The Huntington National Bank | 3 | $2.4M | |
| Citizens & Northern Bank | 3 | $1.9M | |
| Hana Bank USA | 1 | $1.6M | |
| Eastern Bank | 10 | $1.5M | |
| Genesis Bank | 1 | $1.4M | |
| The Stephenson National Bank and Trust | 1 | $1.3M | |
| TD Bank | 7 | $1.3M | |
| Main Street Bank | 2 | $1.2M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Massachusetts | 27 | |
| Connecticut | 20 | |
| New York | 19 | |
| New Hampshire | 16 | |
| Maine | 16 | |
| Rhode Island | 10 | |
| Pennsylvania | 8 | |
| New Jersey | 6 |
An SBA 7(a) lender for loans this size
78% of the SBA loans approved in heating oil dealers 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 $50K8%
- $50K - $150K46%
- $150K - $350K24%
- $350K - $1M14%
- $1M - $2M6%
- Over $2M1%
Nearby
Other retail industries
Common questions
- How much do SBA lenders typically lend to a heating oil dealers business?
- The median SBA approval in NAICS 454311 is $122,500, with the middle 80% of loans between $50,000 and $650,000. Across all industries the median is $180,000.
- Which lenders are most active in heating oil dealers?
- By dollars approved: Parke Bank, Manufacturers and Traders Trust Company, The Huntington National Bank, Citizens & Northern Bank, Hana Bank USA. 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 heating oil dealers considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.3% 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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