Skip to main content
Prime Rate:6.75%Fed Funds:3.64%5-Yr Treasury:3.88%10-Yr Treasury:4.25%30-Yr Treasury:4.83%30-Yr Mortgage:6.22%·Updated Mar 19, 2026Prime Rate:6.75%Fed Funds:3.64%5-Yr Treasury:3.88%10-Yr Treasury:4.25%30-Yr Treasury:4.83%30-Yr Mortgage:6.22%·Updated Mar 19, 2026
Rates
NAICS 112120Agriculture, Forestry & Fishing

How Much Can Dairy Cattle and Milk Production Businesses Get in SBA Loans?

609 SBA loans totaling $418.5M have been approved for dairy cattle and milk production businesses (NAICS 112120). The average approved SBA loan is $687K, which is 102% above avg the $340K national average. 162 active lenders fund this industry with a 9.2% default rate on the matured 2018-2021 loan cohort.

Low default risk9.2% vs 15.4% all-industry avg

At 9.2%, Dairy Cattle and Milk Production sits well below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — low 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 112120 (Dairy Cattle and Milk Production) received 609 SBA loans worth $418.5M across 5+ states. Average loan $687K, average term 163 months, 9.2% default rate (resolved-loan basis).162 active SBA-approved lenders fund this industry. Most dairy cattle and milk production loans use the SBA 504 program. There are approximately 23,332 U.S. establishments in this industry (Census 2022).

609
Total SBA Loans
$418.5M
Total Volume
$687K
Avg Loan Size
102% above avg
162
Active Lenders
163 mo
Avg Term
25% above avg
4,177
Jobs Supported

Is SBA Lending Growing for Dairy Cattle and Milk Production?-41% decline

47
33
19
15
21
18
19
22
15
13
16
17
18
19
20
21
22
23
24
25
$35.9M
$21.0M
$6.3M
$6.5M
$12.9M
$12.6M
$12.8M
$15.7M
$3.0M
$3.8M

Which SBA Program Do Dairy Cattle and Milk Production Businesses Use Most?

SBA 7(a)384 (63%)
SBA 504225 (37%)

What Is the Best SBA Loan for Dairy Cattle and Milk Production?

SBA 504

37% of dairy cattle and milk production loans use this program — ideal for real estate and major equipment purchases

Industry avg loan: $687K
Typical term: 163 months
Historical avg rate: 6.58%
162+ lenders active in this industry
Default rate (2018–21 matured cohort): 9.2%

Where Are Dairy Cattle and Milk Production SBA Loans Most Common?

#1
WI
179 loans
$158.1M
#2
MN
65 loans
$45.0M
#3
NY
49 loans
$7.1M
#4
IA
39 loans
$33.7M
#5
PA
38 loans
$12.1M

Top SBA Lenders for Dairy Cattle and Milk Production

These banks have funded the most SBA loans for dairy cattle and milk production businesses (NAICS 112120). PeerSense routes deals to lenders with proven appetite in your industry.

#LenderLoansVolume
1WBD, Inc.(WI)83$96.4M
2Hiawatha National Bank(WI)41$21.3M
3Manufacturers and Traders Trust Company(NY)33$5.2M
4Minnesota Business Finance Cor(MN)21$13.7M
5Siouxland Economic Development(IA)17$13.8M

Dairy Cattle and Milk Production Industry Context

U.S. Establishments
23,332
U.S. Census Bureau · 2022
SBA Penetration
2.61%
SBA loans per establishment

Ready to Fund Your Dairy Cattle and Milk Production Business?

PeerSense places SBA loans for dairy cattle and milk production businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.

$0

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Financing a Dairy Cattle and Milk Production 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 4 business hours. No obligation.

No retainers · Referral fee at closing · Or call (317) 452-6990

How Does SBA Lending Work for Dairy Cattle and Milk Production Businesses?

Across all SBA loan programs, 609 loans have been approved for businesses classified under NAICS 112120 (Dairy Cattle and Milk Production), representing $418.5M in total capital deployed. The average approved loan of $687K is 102% above avg the national SBA average of $340K, with typical repayment terms of 163 months.

SBA lending for dairy cattle and milk production has contracted approximately 41% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 162 lenders remain active, maintaining competitive options for qualified borrowers.

Notably, 37% of SBA loans in this industry use the 504 program — well above the national average — indicating that dairy cattle and milk production businesses frequently finance major fixed assets like real estate, heavy equipment, or facility buildouts. The 504 program offers up to $5.5M with below-market fixed rates and only 10% down from the borrower.

PeerSense specializes in matching dairy cattle and milk production 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. No retainers.

Frequently Asked Questions — Dairy Cattle and Milk Production SBA Loans

What is the average SBA loan size for dairy cattle and milk production businesses?
Based on 609 approved SBA loans, the average loan size for dairy cattle and milk production (NAICS 112120) is $687K. This compares to the national SBA average of $340K across all industries.
Which SBA loan program is best for a dairy cattle and milk production business?
SBA 504 is the most commonly used SBA program for dairy cattle and milk production businesses. 37% of dairy cattle and milk production loans use this program — ideal for real estate and major equipment purchases. PeerSense can analyze your specific deal to determine the optimal program.
How many lenders fund SBA loans for dairy cattle and milk production?
162 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 dairy cattle and milk production sector.
What states have the most SBA lending for dairy cattle and milk production?
WI leads with 179 SBA loans and $158.1M in total volume for dairy cattle and milk production businesses. MN, NY, IA also show strong lending activity in this sector.
How does PeerSense help dairy cattle and milk production 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 dairy cattle and milk production industry. Our referral fee is established upfront in our agreement and paid at closing. No retainers.

Data aggregated from SBA loan records (1992–2025). Dairy Cattle and Milk Production defined by NAICS code 112120. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.