How Much Can Soybean Farming Businesses Get in SBA Loans?
122 SBA loans totaling $62.4M have been approved for soybean farming businesses (NAICS 111110). The average approved SBA loan is $512K, which is 50% above avg the $340K national average. 61 active lenders fund this industry.
NAICS 111110 (Soybean Farming) received 122 SBA loans worth $62.4M across 5+ states. Average loan $512K, average term 95 months.61 active SBA-approved lenders fund this industry. Most soybean farming loans use the SBA 7(a) program. There are approximately 23,332 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Soybean Farming?+300% growth
Which SBA Program Do Soybean Farming Businesses Use Most?
What Is the Best SBA Loan for Soybean Farming?
The most widely used SBA program for soybean farming businesses — flexible terms, multiple use cases
Where Are Soybean Farming SBA Loans Most Common?
Top SBA Lenders for Soybean Farming
These banks have funded the most SBA loans for soybean farming businesses (NAICS 111110). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Red River State Bank(MN) | 15 | $9.2M |
| 2 | First Savings Bank(IN) | 8 | $400K |
| 3 | Covington County Bank(MS) | 7 | $337K |
| 4 | Community Bank of Mississippi(MS) | 7 | $1.3M |
| 5 | First State Bank(IA) | 6 | $6.4M |
Soybean Farming Industry Context
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How Does SBA Lending Work for Soybean Farming Businesses?
Across all SBA loan programs, 122 loans have been approved for businesses classified under NAICS 111110 (Soybean Farming), representing $62.4M in total capital deployed. The average approved loan of $512K is 50% above avg the national SBA average of $340K, with typical repayment terms of 95 months.
SBA lending for soybean farming 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 FY2020.
The overwhelming majority of SBA lending for soybean farming 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 soybean farming 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 — Soybean Farming SBA Loans
What is the average SBA loan size for soybean farming businesses?
Which SBA loan program is best for a soybean farming business?
How many lenders fund SBA loans for soybean farming?
What states have the most SBA lending for soybean farming?
How does PeerSense help soybean farming businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Soybean Farming defined by NAICS code 111110. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.