How Much Can Refrigerated Warehousing and Storage Businesses Get in SBA Loans?
282 SBA loans totaling $351.2M have been approved for refrigerated warehousing and storage businesses (NAICS 493120). The average approved SBA loan is $1.2M, which is 266% above avg the $340K national average. 139 active lenders fund this industry with a 7.9% default rate on the matured 2018-2021 loan cohort.
At 7.9%, Refrigerated Warehousing and Storage 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 493120 (Refrigerated Warehousing and Storage) received 282 SBA loans worth $351.2M across 5+ states. Average loan $1.2M, average term 192 months, 7.9% default rate (resolved-loan basis).139 active SBA-approved lenders fund this industry. Most refrigerated warehousing and storage loans use the SBA 504 program. There are approximately 1,222 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Refrigerated Warehousing and Storage?
Which SBA Program Do Refrigerated Warehousing and Storage Businesses Use Most?
What Is the Best SBA Loan for Refrigerated Warehousing and Storage?
41% of refrigerated warehousing and storage loans use this program — ideal for real estate and major equipment purchases
Where Are Refrigerated Warehousing and Storage SBA Loans Most Common?
Top SBA Lenders for Refrigerated Warehousing and Storage
These banks have funded the most SBA loans for refrigerated warehousing and storage businesses (NAICS 493120). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | WBD, Inc.(WI) | 14 | $27.1M |
| 2 | The Huntington National Bank(OH) | 11 | $9.8M |
| 3 | Wells Fargo Bank National Association(SD) | 9 | $6.1M |
| 4 | U.S. Bank, National Association(OH) | 8 | $6.4M |
| 5 | Granite State Economic Develop(NH) | 8 | $23.9M |
Refrigerated Warehousing and Storage Industry Context
Ready to Fund Your Refrigerated Warehousing and Storage Business?
PeerSense places SBA loans for refrigerated warehousing and storage 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 Refrigerated Warehousing and Storage Businesses?
Across all SBA loan programs, 282 loans have been approved for businesses classified under NAICS 493120 (Refrigerated Warehousing and Storage), representing $351.2M in total capital deployed. The average approved loan of $1.2M is 266% above avg the national SBA average of $340K, with typical repayment terms of 192 months.
SBA lending for refrigerated warehousing and storage has remained relatively stable across recent fiscal years. 139 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
Notably, 41% of SBA loans in this industry use the 504 program — well above the national average — indicating that refrigerated warehousing and storage 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 refrigerated warehousing and storage 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 — Refrigerated Warehousing and Storage SBA Loans
What is the average SBA loan size for refrigerated warehousing and storage businesses?
Which SBA loan program is best for a refrigerated warehousing and storage business?
How many lenders fund SBA loans for refrigerated warehousing and storage?
What states have the most SBA lending for refrigerated warehousing and storage?
How does PeerSense help refrigerated warehousing and storage businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Refrigerated Warehousing and Storage defined by NAICS code 493120. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.