How Much Can Finfish Fishing Businesses Get in SBA Loans?
462 SBA loans totaling $83.1M have been approved for finfish fishing businesses (NAICS 114111). The average approved SBA loan is $180K, which is 47% below avg the $340K national average. 110 active lenders fund this industry with a 4.9% default rate on the matured 2018-2021 loan cohort.
At 4.9%, Finfish Fishing 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.
NAICS 114111 (Finfish Fishing) received 462 SBA loans worth $83.1M across 5+ states. Average loan $180K, average term 116 months, 4.9% default rate (resolved-loan basis).110 active SBA-approved lenders fund this industry. Most finfish fishing loans use the SBA 7(a) program. There are approximately 1,548 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Finfish Fishing?
Which SBA Program Do Finfish Fishing Businesses Use Most?
What Is the Best SBA Loan for Finfish Fishing?
The most widely used SBA program for finfish fishing businesses — flexible terms, multiple use cases
Where Are Finfish Fishing SBA Loans Most Common?
Top SBA Lenders for Finfish Fishing
These banks have funded the most SBA loans for finfish fishing businesses (NAICS 114111). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | First National Bank Alaska(AK) | 58 | $7.3M |
| 2 | Wells Fargo Bank National Association(SD) | 54 | $7.4M |
| 3 | Bank of America, National Association(NC) | 32 | $5.2M |
| 4 | The Washington Trust Company of Westerly(RI) | 23 | $6.0M |
| 5 | Banner Bank(WA) | 21 | $5.6M |
Finfish Fishing Industry Context
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How Does SBA Lending Work for Finfish Fishing Businesses?
Across all SBA loan programs, 462 loans have been approved for businesses classified under NAICS 114111 (Finfish Fishing), representing $83.1M in total capital deployed. The average approved loan of $180K is 47% below avg the national SBA average of $340K, with typical repayment terms of 116 months.
SBA lending for finfish fishing has remained relatively stable across recent fiscal years. 110 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
The overwhelming majority of SBA lending for finfish fishing uses the 7(a) program, which provides the most flexibility — covering working capital, equipment purchases, partner buyouts, debt refinancing, and business acquisitions up to $5M with terms up to 25 years.
PeerSense specializes in matching finfish fishing 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 — Finfish Fishing SBA Loans
What is the average SBA loan size for finfish fishing businesses?
Which SBA loan program is best for a finfish fishing business?
How many lenders fund SBA loans for finfish fishing?
What states have the most SBA lending for finfish fishing?
How does PeerSense help finfish fishing businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Finfish Fishing defined by NAICS code 114111. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.