How Much Can Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta Businesses Get in SBA Loans?
524 SBA loans totaling $287.2M have been approved for petroleum and petroleum products merchant wholesalers (except bulk sta businesses (NAICS 424720). The average approved SBA loan is $548K, which is 61% above avg the $340K national average. 200 active lenders fund this industry with a 9.6% default rate on the matured 2018-2021 loan cohort.
At 9.6%, Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta 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 424720 (Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta) received 524 SBA loans worth $287.2M across 5+ states. Average loan $548K, average term 131 months, 9.6% default rate (resolved-loan basis).200 active SBA-approved lenders fund this industry. Most petroleum and petroleum products merchant wholesalers (except bulk sta loans use the SBA 504 program. There are approximately 2,541 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta?+64% growth
Which SBA Program Do Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta Businesses Use Most?
What Is the Best SBA Loan for Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta?
14% of petroleum and petroleum products merchant wholesalers (except bulk sta loans use this program — ideal for real estate and major equipment purchases
Where Are Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta SBA Loans Most Common?
Top SBA Lenders for Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta
These banks have funded the most SBA loans for petroleum and petroleum products merchant wholesalers (except bulk sta businesses (NAICS 424720). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association(OH) | 29 | $7.5M |
| 2 | Wells Fargo Bank National Association(SD) | 23 | $9.7M |
| 3 | Citizens Bank, National Association(RI) | 20 | $1.9M |
| 4 | The Huntington National Bank(OH) | 17 | $9.1M |
| 5 | Zions Bank, A Division of(UT) | 16 | $10.8M |
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta Industry Context
Ready to Fund Your Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta Business?
PeerSense places SBA loans for petroleum and petroleum products merchant wholesalers (except bulk sta businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
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How Does SBA Lending Work for Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta Businesses?
Across all SBA loan programs, 524 loans have been approved for businesses classified under NAICS 424720 (Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta), representing $287.2M in total capital deployed. The average approved loan of $548K is 61% above avg the national SBA average of $340K, with typical repayment terms of 131 months.
SBA lending for petroleum and petroleum products merchant wholesalers (except bulk sta is accelerating — loan volume has grown approximately 64% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2017.
The industry sees a balanced mix of SBA programs, with 14% 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 petroleum and petroleum products merchant wholesalers (except bulk sta 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 — Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta SBA Loans
What is the average SBA loan size for petroleum and petroleum products merchant wholesalers (except bulk sta businesses?
Which SBA loan program is best for a petroleum and petroleum products merchant wholesalers (except bulk sta business?
How many lenders fund SBA loans for petroleum and petroleum products merchant wholesalers (except bulk sta?
What states have the most SBA lending for petroleum and petroleum products merchant wholesalers (except bulk sta?
How does PeerSense help petroleum and petroleum products merchant wholesalers (except bulk sta businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta defined by NAICS code 424720. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.