How Much Can Heating Oil Dealers Businesses Get in SBA Loans?
833 SBA loans totaling $182.6M have been approved for heating oil dealers businesses (NAICS 454311). The average approved SBA loan is $219K, which is 36% below avg the $340K national average. 195 active lenders fund this industry with a 7.9% default rate on the matured 2018-2021 loan cohort.
At 7.9%, Heating Oil Dealers 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 454311 (Heating Oil Dealers) received 833 SBA loans worth $182.6M across 5+ states. Average loan $219K, average term 104 months, 7.9% default rate (resolved-loan basis).195 active SBA-approved lenders fund this industry. Most heating oil dealers loans use the SBA 7(a) program.
Is SBA Lending Growing for Heating Oil Dealers?
Which SBA Program Do Heating Oil Dealers Businesses Use Most?
What Is the Best SBA Loan for Heating Oil Dealers?
The most widely used SBA program for heating oil dealers businesses — flexible terms, multiple use cases
Where Are Heating Oil Dealers SBA Loans Most Common?
Top SBA Lenders for Heating Oil Dealers
These banks have funded the most SBA loans for heating oil dealers businesses (NAICS 454311). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Citizens Bank, National Association(RI) | 103 | $6.9M |
| 2 | Bank of America, National Association(NC) | 47 | $4.1M |
| 3 | Manufacturers and Traders Trust Company(NY) | 47 | $7.7M |
| 4 | Northeast Bank(ME) | 41 | $21.6M |
| 5 | TD Bank, National Association(DE) | 36 | $7.1M |
Heating Oil Dealers Industry Context
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How Does SBA Lending Work for Heating Oil Dealers Businesses?
Across all SBA loan programs, 833 loans have been approved for businesses classified under NAICS 454311 (Heating Oil Dealers), representing $182.6M in total capital deployed. The average approved loan of $219K is 36% below avg the national SBA average of $340K, with typical repayment terms of 104 months.
SBA lending for heating oil dealers has remained relatively stable across recent fiscal years. 195 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 heating oil dealers 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 heating oil dealers 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 — Heating Oil Dealers SBA Loans
What is the average SBA loan size for heating oil dealers businesses?
Which SBA loan program is best for a heating oil dealers business?
How many lenders fund SBA loans for heating oil dealers?
What states have the most SBA lending for heating oil dealers?
How does PeerSense help heating oil dealers businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Heating Oil Dealers defined by NAICS code 454311. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.