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.

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
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

Approvals by fiscal year

’10

’11

’12

’13

’22

’23

’24

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
8%
$50K - $150K
46%
$150K - $350K
24%
$350K - $1M
14%
$1M - $2M
6%
Over $2M
1%

Nearby

Other retail industries

See the sector

All Other Miscellaneous Store Retailers4,300 · $107,450 Sporting Goods Stores3,679 · $121,000 Gasoline Stations with Convenience Stores2,813 · $1,292,200 Electronic Shopping and Mail-Order Houses2,417 · $100,000 Clothing and Clothing Accessories Retailers2,378 · $135,000 Other Direct Selling Establishments2,300 · $150,000 Electronic Shopping2,110 · $50,000 All Other Miscellaneous Retailers1,536 · $150,000

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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