How Much Can New Car Dealers Businesses Get in SBA Loans?
3,574 SBA loans totaling $2.8B have been approved for new car dealers businesses (NAICS 441110). The average approved SBA loan is $789K, which is 132% above avg the $340K national average. 711 active lenders fund this industry with a 14.4% default rate on the matured 2018-2021 loan cohort.
At 14.4%, New Car Dealers sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — moderate 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 441110 (New Car Dealers) received 3,574 SBA loans worth $2.8B across 5+ states. Average loan $789K, average term 171 months, 14.4% default rate (resolved-loan basis).711 active SBA-approved lenders fund this industry. Most new car dealers loans use the SBA 504 program. There are approximately 21,835 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for New Car Dealers?+61% growth
Which SBA Program Do New Car Dealers Businesses Use Most?
What Is the Best SBA Loan for New Car Dealers?
36% of new car dealers loans use this program — ideal for real estate and major equipment purchases
Where Are New Car Dealers SBA Loans Most Common?
Top SBA Lenders for New Car Dealers
These banks have funded the most SBA loans for new car dealers businesses (NAICS 441110). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 182 | $33.6M |
| 2 | Bank of America, National Association(NC) | 114 | $12.5M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 84 | $12.2M |
| 4 | PNC Bank, National Association(DE) | 73 | $11.5M |
| 5 | Empire State Certified Develop(NY) | 72 | $98.7M |
New Car Dealers Industry Context
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How Does SBA Lending Work for New Car Dealers Businesses?
Across all SBA loan programs, 3,574 loans have been approved for businesses classified under NAICS 441110 (New Car Dealers), representing $2.8B in total capital deployed. The average approved loan of $789K is 132% above avg the national SBA average of $340K, with typical repayment terms of 171 months.
SBA lending for new car dealers is accelerating — loan volume has grown approximately 61% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2021.
Notably, 36% of SBA loans in this industry use the 504 program — well above the national average — indicating that new car dealers businesses frequently finance major fixed assets like real estate, heavy equipment, or facility buildouts. The 504 program offers up to $5.5M with below-market fixed rates and only 10% down from the borrower.
PeerSense specializes in matching new car 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 — New Car Dealers SBA Loans
What is the average SBA loan size for new car dealers businesses?
Which SBA loan program is best for a new car dealers business?
How many lenders fund SBA loans for new car dealers?
What states have the most SBA lending for new car dealers?
How does PeerSense help new car dealers businesses get SBA loans?
Related Retail Trade Industries
Gasoline Stations with Convenience Stores
Beer, Wine, and Liquor Stores
Supermarkets and Other Grocery (except Convenience) Stores
Convenience Stores
Used Car Dealers
Pharmacies and Drug Stores
Data aggregated from SBA loan records (1992–2025). New Car Dealers defined by NAICS code 441110. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.