How Much Can Tobacco and Tobacco Product Merchant Wholesalers Businesses Get in SBA Loans?
393 SBA loans totaling $164.7M have been approved for tobacco and tobacco product merchant wholesalers businesses (NAICS 424940). The average approved SBA loan is $419K, which is 23% above avg the $340K national average. 124 active lenders fund this industry with a 21.1% default rate on the matured 2018-2021 loan cohort.
At 21.1%, Tobacco and Tobacco Product 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. The capital source prices this risk into rate and structure.
NAICS 424940 (Tobacco and Tobacco Product Merchant Wholesalers) received 393 SBA loans worth $164.7M across 5+ states. Average loan $419K, average term 119 months, 21.1% default rate (resolved loan basis).124 active SBA approved lenders fund this industry. Most tobacco and tobacco product merchant wholesalers loans use the SBA 7(a) program. There are approximately 1,656 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Tobacco and Tobacco Product Merchant Wholesalers?+29% growth
Which SBA Program Do Tobacco and Tobacco Product Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Tobacco and Tobacco Product Merchant Wholesalers?
The most widely used SBA program for tobacco and tobacco product merchant wholesalers businesses: flexible terms, multiple use cases
Where Are Tobacco and Tobacco Product Merchant Wholesalers SBA Loans Most Common?
SBA Lending Activity in Tobacco and Tobacco Product Merchant Wholesalers
124 SBA lenders have funded 393 loans to tobacco and tobacco product merchant wholesalers businesses (NAICS 424940). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.
Tobacco and Tobacco Product Merchant Wholesalers Industry Context
Talk to PeerSense
PeerSense sources capital for tobacco and tobacco product merchant wholesalers businesses. The capital source sets the terms. No upfront fee. Talk to PeerSense. Referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Talk to PeerSense about financing a Tobacco and Tobacco Product Merchant Wholesalers business.
Tell us your loan amount and use of funds. PeerSense sources capital. The capital source sets the terms.
SBA 7(a) / 504: PeerSense will reach out. No obligation.
How Does SBA Lending Work for Tobacco and Tobacco Product Merchant Wholesalers Businesses?
Across all SBA loan programs, 393 loans have been approved for businesses classified under NAICS 424940 (Tobacco and Tobacco Product Merchant Wholesalers), representing $164.7M in total capital deployed. The average approved loan of $419K is 23% above avg the national SBA average of $340K, with typical repayment terms of 119 months.
SBA lending for tobacco and tobacco product merchant wholesalers is accelerating. Loan volume has grown approximately 29% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2024.
The industry sees a balanced mix of SBA programs, with 7% 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.
Talk to PeerSense about a tobacco and tobacco product merchant wholesalers file. The capital source sets the terms. The desk fee is paid at closing, never upfront.
Frequently Asked Questions: Tobacco and Tobacco Product Merchant Wholesalers SBA Loans
What is the average SBA loan size for tobacco and tobacco product merchant wholesalers businesses?
Which SBA loan program is best for a tobacco and tobacco product merchant wholesalers business?
How many lenders fund SBA loans for tobacco and tobacco product merchant wholesalers?
What states have the most SBA lending for tobacco and tobacco product merchant wholesalers?
How does PeerSense help tobacco and tobacco product merchant wholesalers businesses get SBA loans?
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Data aggregated from SBA loan records (1992 to 2025). Tobacco and Tobacco Product Merchant Wholesalers defined by NAICS code 424940. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.