How Much Can Horse and Other Equine Production Businesses Get in SBA Loans?
382 SBA loans totaling $125.9M have been approved for horse and other equine production businesses (NAICS 112920). The average approved SBA loan is $330K, which is 3% below avg the $340K national average. 176 active lenders fund this industry with a 10.0% default rate on the matured 2018-2021 loan cohort.
At 10.0%, Horse and Other Equine 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.
NAICS 112920 (Horse and Other Equine Production) received 382 SBA loans worth $125.9M across 5+ states. Average loan $330K, average term 177 months, 10.0% default rate (resolved-loan basis).176 active SBA-approved lenders fund this industry. Most horse and other equine production 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 Horse and Other Equine Production?+36% growth
Which SBA Program Do Horse and Other Equine Production Businesses Use Most?
What Is the Best SBA Loan for Horse and Other Equine Production?
The most widely used SBA program for horse and other equine production businesses: flexible terms, multiple use cases
Where Are Horse and Other Equine Production SBA Loans Most Common?
SBA Lending Activity in Horse and Other Equine Production
176 SBA lenders have funded 382 loans to horse and other equine production businesses (NAICS 112920). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.
Horse and Other Equine Production Industry Context
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How Does SBA Lending Work for Horse and Other Equine Production Businesses?
Across all SBA loan programs, 382 loans have been approved for businesses classified under NAICS 112920 (Horse and Other Equine Production), representing $125.9M in total capital deployed. The average approved loan of $330K is 3% below avg the national SBA average of $340K, with typical repayment terms of 177 months.
SBA lending for horse and other equine production is accelerating. Loan volume has grown approximately 36% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2024.
The industry sees a balanced mix of SBA programs, with 12% 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 horse and other equine 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.
Frequently Asked Questions: Horse and Other Equine Production SBA Loans
What is the average SBA loan size for horse and other equine production businesses?
Which SBA loan program is best for a horse and other equine production business?
How many lenders fund SBA loans for horse and other equine production?
What states have the most SBA lending for horse and other equine production?
How does PeerSense help horse and other equine production businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Horse and Other Equine Production defined by NAICS code 112920. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.