How Much Can Shellfish Fishing Businesses Get in SBA Loans?
802 SBA loans totaling $305.0M have been approved for shellfish fishing businesses (NAICS 114112). The average approved SBA loan is $380K, which is 12% above avg the $340K national average. 120 active lenders fund this industry with a 43.4% default rate on the matured 2018-2021 loan cohort.
At 43.4%, Shellfish Fishing 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 114112 (Shellfish Fishing) received 802 SBA loans worth $305.0M across 5+ states. Average loan $380K, average term 116 months, 43.4% default rate (resolved-loan basis).120 active SBA-approved lenders fund this industry. Most shellfish fishing loans use the SBA 7(a) program. There are approximately 969 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Shellfish Fishing?+300% growth
Which SBA Program Do Shellfish Fishing Businesses Use Most?
What Is the Best SBA Loan for Shellfish Fishing?
The most widely used SBA program for shellfish fishing businesses — flexible terms, multiple use cases
Where Are Shellfish Fishing SBA Loans Most Common?
Top SBA Lenders for Shellfish Fishing
These banks have funded the most SBA loans for shellfish fishing businesses (NAICS 114112). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Business Loan Center, LLC(SC) | 160 | $108.7M |
| 2 | Small Business Loan Source, LLC(TX) | 44 | $28.6M |
| 3 | Gulf Coast Bank(LA) | 41 | $6.2M |
| 4 | Zions Bank, A Division of(UT) | 38 | $16.4M |
| 5 | JPMorgan Chase Bank, National Association(OH) | 28 | $7.6M |
Shellfish Fishing Industry Context
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How Does SBA Lending Work for Shellfish Fishing Businesses?
Across all SBA loan programs, 802 loans have been approved for businesses classified under NAICS 114112 (Shellfish Fishing), representing $305.0M in total capital deployed. The average approved loan of $380K is 12% above avg the national SBA average of $340K, with typical repayment terms of 116 months.
SBA lending for shellfish fishing is accelerating — loan volume has grown approximately 300% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2016.
The overwhelming majority of SBA lending for shellfish fishing uses the 7(a) program, which provides the most flexibility — covering working capital, equipment purchases, partner buyouts, debt refinancing, and business acquisitions up to $5M with terms up to 25 years.
PeerSense specializes in matching shellfish fishing 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 — Shellfish Fishing SBA Loans
What is the average SBA loan size for shellfish fishing businesses?
Which SBA loan program is best for a shellfish fishing business?
How many lenders fund SBA loans for shellfish fishing?
What states have the most SBA lending for shellfish fishing?
How does PeerSense help shellfish fishing businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Shellfish Fishing defined by NAICS code 114112. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.