How Much Can Fresh Fruit and Vegetable Merchant Wholesalers Businesses Get in SBA Loans?
1,133 SBA loans totaling $619.5M have been approved for fresh fruit and vegetable merchant wholesalers businesses (NAICS 424480). The average approved SBA loan is $547K, which is 61% above avg the $340K national average. 218 active lenders fund this industry with a 19.9% default rate on the matured 2018-2021 loan cohort.
At 19.9%, Fresh Fruit and Vegetable Merchant Wholesalers sits well above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — elevated 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 424480 (Fresh Fruit and Vegetable Merchant Wholesalers) received 1,133 SBA loans worth $619.5M across 5+ states. Average loan $547K, average term 130 months, 19.9% default rate (resolved-loan basis).218 active SBA-approved lenders fund this industry. Most fresh fruit and vegetable merchant wholesalers loans use the SBA 504 program. There are approximately 4,923 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Fresh Fruit and Vegetable Merchant Wholesalers?+19% growth
Which SBA Program Do Fresh Fruit and Vegetable Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Fresh Fruit and Vegetable Merchant Wholesalers?
16% of fresh fruit and vegetable merchant wholesalers loans use this program — ideal for real estate and major equipment purchases
Where Are Fresh Fruit and Vegetable Merchant Wholesalers SBA Loans Most Common?
Top SBA Lenders for Fresh Fruit and Vegetable Merchant Wholesalers
These banks have funded the most SBA loans for fresh fruit and vegetable merchant wholesalers businesses (NAICS 424480). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association(OH) | 96 | $16.1M |
| 2 | Wells Fargo Bank National Association(SD) | 88 | $49.0M |
| 3 | Bank of America, National Association(NC) | 85 | $6.5M |
| 4 | TD Bank, National Association(DE) | 66 | $15.4M |
| 5 | U.S. Bank, National Association(OH) | 44 | $35.5M |
Fresh Fruit and Vegetable Merchant Wholesalers Industry Context
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How Does SBA Lending Work for Fresh Fruit and Vegetable Merchant Wholesalers Businesses?
Across all SBA loan programs, 1,133 loans have been approved for businesses classified under NAICS 424480 (Fresh Fruit and Vegetable Merchant Wholesalers), representing $619.5M in total capital deployed. The average approved loan of $547K is 61% above avg the national SBA average of $340K, with typical repayment terms of 130 months.
SBA lending for fresh fruit and vegetable merchant wholesalers is accelerating — loan volume has grown approximately 19% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2016.
The industry sees a balanced mix of SBA programs, with 16% 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 fresh fruit and vegetable merchant wholesalers 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 — Fresh Fruit and Vegetable Merchant Wholesalers SBA Loans
What is the average SBA loan size for fresh fruit and vegetable merchant wholesalers businesses?
Which SBA loan program is best for a fresh fruit and vegetable merchant wholesalers business?
How many lenders fund SBA loans for fresh fruit and vegetable merchant wholesalers?
What states have the most SBA lending for fresh fruit and vegetable merchant wholesalers?
How does PeerSense help fresh fruit and vegetable merchant wholesalers businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Fresh Fruit and Vegetable Merchant Wholesalers defined by NAICS code 424480. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.