How Much Can Hay Farming Businesses Get in SBA Loans?
125 SBA loans totaling $22.2M have been approved for hay farming businesses (NAICS 111940). The average approved SBA loan is $177K, which is 48% below avg the $340K national average. 56 active lenders fund this industry.
NAICS 111940 (Hay Farming) received 125 SBA loans worth $22.2M across 5+ states. Average loan $177K, average term 103 months.56 active SBA-approved lenders fund this industry. Most hay farming loans use the SBA 7(a) program. There are approximately 23,332 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Hay Farming?+38% growth
Which SBA Program Do Hay Farming Businesses Use Most?
What Is the Best SBA Loan for Hay Farming?
The most widely used SBA program for hay farming businesses — flexible terms, multiple use cases
Where Are Hay Farming SBA Loans Most Common?
Top SBA Lenders for Hay Farming
These banks have funded the most SBA loans for hay farming businesses (NAICS 111940). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Red River State Bank(MN) | 11 | $1.8M |
| 2 | Columbia Bank(OR) | 9 | $350K |
| 3 | Manufacturers and Traders Trust Company(NY) | 9 | $366K |
| 4 | Banner Bank(WA) | 7 | $441K |
| 5 | Wells Fargo Bank National Association(SD) | 6 | $75K |
Hay Farming Industry Context
Ready to Fund Your Hay Farming Business?
PeerSense places SBA loans for hay farming businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Financing a Hay Farming 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.
How Does SBA Lending Work for Hay Farming Businesses?
Across all SBA loan programs, 125 loans have been approved for businesses classified under NAICS 111940 (Hay Farming), representing $22.2M in total capital deployed. The average approved loan of $177K is 48% below avg the national SBA average of $340K, with typical repayment terms of 103 months.
SBA lending for hay farming is accelerating — loan volume has grown approximately 38% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2021.
The overwhelming majority of SBA lending for hay farming 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 hay farming 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 — Hay Farming SBA Loans
What is the average SBA loan size for hay farming businesses?
Which SBA loan program is best for a hay farming business?
How many lenders fund SBA loans for hay farming?
What states have the most SBA lending for hay farming?
How does PeerSense help hay farming businesses get SBA loans?
Related Agriculture, Forestry & Fishing Industries
Broilers and Other Meat Type
Logging
Support Activities for Animal Production
Chicken Egg Production
Soil Preparation, Planting, and Cultivating
Beef Cattle Ranching and Farming
Data aggregated from SBA loan records (1992–2025). Hay Farming defined by NAICS code 111940. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.