How Much Can Packaged Frozen Food Merchant Wholesalers Businesses Get in SBA Loans?
560 SBA loans totaling $235.5M have been approved for packaged frozen food merchant wholesalers businesses (NAICS 424420). The average approved SBA loan is $421K, which is 24% above avg the $340K national average. 177 active lenders fund this industry with a 19.6% default rate on the matured 2018-2021 loan cohort.
At 19.6%, Packaged Frozen Food 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 424420 (Packaged Frozen Food Merchant Wholesalers) received 560 SBA loans worth $235.5M across 5+ states. Average loan $421K, average term 111 months, 19.6% default rate (resolved-loan basis).177 active SBA-approved lenders fund this industry. Most packaged frozen food merchant wholesalers loans use the SBA 7(a) program. There are approximately 3,116 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Packaged Frozen Food Merchant Wholesalers?-38% decline
Which SBA Program Do Packaged Frozen Food Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Packaged Frozen Food Merchant Wholesalers?
The most widely used SBA program for packaged frozen food merchant wholesalers businesses — flexible terms, multiple use cases
Where Are Packaged Frozen Food Merchant Wholesalers SBA Loans Most Common?
Top SBA Lenders for Packaged Frozen Food Merchant Wholesalers
These banks have funded the most SBA loans for packaged frozen food merchant wholesalers businesses (NAICS 424420). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | TD Bank, National Association(DE) | 37 | $19.0M |
| 2 | JPMorgan Chase Bank, National Association(OH) | 35 | $5.7M |
| 3 | Bank of America, National Association(NC) | 26 | $2.9M |
| 4 | Wells Fargo Bank National Association(SD) | 25 | $7.4M |
| 5 | Citizens Bank, National Association(RI) | 21 | $757K |
Packaged Frozen Food Merchant Wholesalers Industry Context
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How Does SBA Lending Work for Packaged Frozen Food Merchant Wholesalers Businesses?
Across all SBA loan programs, 560 loans have been approved for businesses classified under NAICS 424420 (Packaged Frozen Food Merchant Wholesalers), representing $235.5M in total capital deployed. The average approved loan of $421K is 24% above avg the national SBA average of $340K, with typical repayment terms of 111 months.
SBA lending for packaged frozen food merchant wholesalers has contracted approximately 38% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 177 lenders remain active, maintaining competitive options for qualified borrowers.
The industry sees a balanced mix of SBA programs, with 9% 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 packaged frozen food 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 — Packaged Frozen Food Merchant Wholesalers SBA Loans
What is the average SBA loan size for packaged frozen food merchant wholesalers businesses?
Which SBA loan program is best for a packaged frozen food merchant wholesalers business?
How many lenders fund SBA loans for packaged frozen food merchant wholesalers?
What states have the most SBA lending for packaged frozen food merchant wholesalers?
How does PeerSense help packaged frozen food merchant wholesalers businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Packaged Frozen Food Merchant Wholesalers defined by NAICS code 424420. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.