How much do SBA lenders typically lend to a refrigerated warehousing and storage business?

The median SBA approval in NAICS 493120 is $1,259,000, with the middle 80% of loans between $135,000 and $4,918,500. Across all industries the median is $180,000.

Which lenders are most active in refrigerated warehousing and storage?

By dollars approved: WBD, Inc., Granite State Economic Development Corporation, Greater East Texas Certified Development Company, Bay Colony Development Corporation, Small Business Growth Corporation. 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 refrigerated warehousing and storage considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 3.0% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 493120 · Transportation

SBA loans for refrigerated warehousing and storage

156 SBA loans worth $276.5M have been approved in this industry since FY2010 - the #592 most-financed NAICS code in the country.

Median loan

$1,259,000

+599% vs all industries

Typical range

$135K-$4.9M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

20 yr

Charge-off rate

3.0%

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
WBD, Inc.	11	$25.4M
Granite State Economic Development Corporation	8	$23.9M
Greater East Texas Certified Development Company	2	$11.0M
Bay Colony Development Corporation	3	$10.3M
Small Business Growth Corporation	3	$8.3M
Intermountain Business Lending, Inc.	2	$7.5M
Community State Bank	2	$7.4M
Byline Bank	2	$6.3M
IncredibleBank	2	$6.0M
The Huntington National Bank	5	$5.8M

Geography

Where these loans were made

State	Loans	Share
California	22
Wisconsin	19
Massachusetts	14
Texas	13
Florida	10
Ohio	8
Washington	7
Nebraska	5

Approvals by fiscal year

’10

’11

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
3%
$50K - $150K
10%
$150K - $350K
13%
$350K - $1M
17%
$1M - $2M
22%
Over $2M
36%

Nearby

Other transportation industries

See the sector

Couriers and Express Delivery Services2,073 · $200,000 Local Messengers and Local Delivery941 · $100,000 General Warehousing and Storage887 · $496,000 Other Warehousing and Storage268 · $437,000 Postal Service166 · $150,000

Common questions

How much do SBA lenders typically lend to a refrigerated warehousing and storage business?: The median SBA approval in NAICS 493120 is $1,259,000, with the middle 80% of loans between $135,000 and $4,918,500. Across all industries the median is $180,000.
Which lenders are most active in refrigerated warehousing and storage?: By dollars approved: WBD, Inc., Granite State Economic Development Corporation, Greater East Texas Certified Development Company, Bay Colony Development Corporation, Small Business Growth Corporation. 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 refrigerated warehousing and storage considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 3.0% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

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