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NAICS 445120Retail Trade

How Much Can Convenience Stores Businesses Get in SBA Loans?

10,136 SBA loans totaling $2.7B have been approved for convenience stores businesses (NAICS 445120). The average approved SBA loan is $267K, which is 22% below avg the $340K national average. 972 active lenders fund this industry with a 15.6% default rate on the matured 2018-2021 loan cohort.

Above average default risk15.6% vs 15.4% all-industry avg

At 15.6%, Convenience Stores sits above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans), above average default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.

Quick Answer

NAICS 445120 (Convenience Stores) received 10,136 SBA loans worth $2.7B across 5+ states. Average loan $267K, average term 146 months, 15.6% default rate (resolved-loan basis).972 active SBA-approved lenders fund this industry. Most convenience stores loans use the SBA 7(a) program.

10,136
Total SBA Loans
$2.7B
Total Volume
$267K
Avg Loan Size
22% below avg
972
Active Lenders
146 mo
Avg Term
12% above avg
47,993
Jobs Supported

Is SBA Lending Growing for Convenience Stores?-83% decline

413
444
391
297
276
358
114
23
14
4
16
17
18
19
20
21
22
23
24
25
$118.9M
$150.5M
$150.1M
$115.2M
$132.0M
$196.0M
$53.5M
$8.0M
$3.4M
$175K

Which SBA Program Do Convenience Stores Businesses Use Most?

SBA 7(a)9,560 (94%)
SBA 504576 (6%)

What Is the Best SBA Loan for Convenience Stores?

SBA 7(a)

The most widely used SBA program for convenience stores businesses: flexible terms, multiple use cases

Industry avg loan: $267K
Typical term: 146 months
Historical avg rate: 6.33%
972+ lenders active in this industry
Default rate (2018–21 matured cohort): 15.6%

Where Are Convenience Stores SBA Loans Most Common?

#1
CA
1,676 loans
$602.2M
#2
TX
756 loans
$287.3M
#3
OH
704 loans
$74.8M
#4
NY
586 loans
$74.6M
#5
MA
573 loans
$83.8M

SBA Lending Activity in Convenience Stores

972 SBA lenders have funded 10,136 loans to convenience stores businesses (NAICS 445120). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.

Loans funded
10,136
Active lenders
972
Total volume
$2.7B
Avg loan size
$267K

Convenience Stores Industry Context

U.S. Employment
28,615,000
BLS · 2026

Ready to Fund Your Convenience Stores Business?

PeerSense places SBA loans for convenience stores businesses nationwide. We match you with the right capital source. Referral fee at closing.

$0

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Financing a Convenience Stores business? Get matched to an SBA lender.

Tell us your loan amount and use of funds. We route you to the lender most likely to fund a deal in your industry.

SBA 7(a) / 504: Response within 24–48 hours. No obligation.

How big is your deal?
Where are you in the deal?
Equity or down payment ready
Credit score
Timeline to close

Referral fee realized at closing · Or call (317) 452-6990

How Does SBA Lending Work for Convenience Stores Businesses?

Across all SBA loan programs, 10,136 loans have been approved for businesses classified under NAICS 445120 (Convenience Stores), representing $2.7B in total capital deployed. The average approved loan of $267K is 22% below avg the national SBA average of $340K, with typical repayment terms of 146 months.

SBA lending for convenience stores has contracted approximately 83% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 972 lenders remain active, maintaining competitive options for qualified borrowers.

The industry sees a balanced mix of SBA programs, with 6% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.

PeerSense specializes in matching convenience stores business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms. Our referral fee is established upfront and paid at closing.

Frequently Asked Questions: Convenience Stores SBA Loans

What is the average SBA loan size for convenience stores businesses?
Based on 10,136 approved SBA loans, the average loan size for convenience stores (NAICS 445120) is $267K. This compares to the national SBA average of $340K across all industries.
Which SBA loan program is best for a convenience stores business?
SBA 7(a) is the most commonly used SBA program for convenience stores businesses. The most widely used SBA program for convenience stores businesses: flexible terms, multiple use cases. PeerSense can analyze your specific deal to determine the optimal program.
How many lenders fund SBA loans for convenience stores?
972 different SBA-approved lenders have funded loans in this industry. Not all lenders are equally active in every industry. PeerSense matches your deal with lenders who have experience and appetite in the convenience stores sector.
What states have the most SBA lending for convenience stores?
CA leads with 1,676 SBA loans and $602.2M in total volume for convenience stores businesses. TX, OH, NY also show strong lending activity in this sector.
How does PeerSense help convenience stores businesses get SBA loans?
PeerSense is a capital advisory firm, not a lender. We analyze your deal (loan amount, down payment, business financials) and match you with SBA-approved lenders experienced in the convenience stores industry. Our referral fee is established upfront in our agreement and paid at closing.

Data aggregated from SBA loan records (1992–2025). Convenience Stores defined by NAICS code 445120. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.