How Much Can Tobacco Farming Businesses Get in SBA Loans?
17 SBA loans totaling $7.3M have been approved for tobacco farming businesses (NAICS 111910). The average approved SBA loan is $429K, which is 26% above avg the $340K national average. 9 active lenders fund this industry.
NAICS 111910 (Tobacco Farming) received 17 SBA loans worth $7.3M across 5+ states. Average loan $429K, average term 84 months.9 active SBA-approved lenders fund this industry. Most tobacco 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 Tobacco Farming?-50% decline
Which SBA Program Do Tobacco Farming Businesses Use Most?
What Is the Best SBA Loan for Tobacco Farming?
The most widely used SBA program for tobacco farming businesses — flexible terms, multiple use cases
Where Are Tobacco Farming SBA Loans Most Common?
Top SBA Lenders for Tobacco Farming
These banks have funded the most SBA loans for tobacco farming businesses (NAICS 111910). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | First Community Bank(VA) | 5 | $521K |
| 2 | Truist Bank(NC) | 3 | $100K |
| 3 | Enterprise Bank of South Carolina(SC) | 2 | $5.4M |
| 4 | Bank of America, National Association(NC) | 2 | $100K |
| 5 | Independence Bank(RI) | 1 | $125K |
Tobacco Farming Industry Context
Ready to Fund Your Tobacco Farming Business?
PeerSense places SBA loans for tobacco farming businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Financing a Tobacco Farming business? Get matched to an SBA lender.
Tell us your loan amount and use of funds. We route you to the lender most likely to fund a deal in your industry.
SBA 7(a) / 504 — Response within 4 business hours. No obligation.
How Does SBA Lending Work for Tobacco Farming Businesses?
Across all SBA loan programs, 17 loans have been approved for businesses classified under NAICS 111910 (Tobacco Farming), representing $7.3M in total capital deployed. The average approved loan of $429K is 26% above avg the national SBA average of $340K, with typical repayment terms of 84 months.
SBA lending for tobacco farming has contracted approximately 50% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 9 lenders remain active, maintaining competitive options for qualified borrowers.
The overwhelming majority of SBA lending for tobacco 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 tobacco 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 100+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Tobacco Farming SBA Loans
What is the average SBA loan size for tobacco farming businesses?
Which SBA loan program is best for a tobacco farming business?
How many lenders fund SBA loans for tobacco farming?
What states have the most SBA lending for tobacco farming?
How does PeerSense help tobacco farming businesses get SBA loans?
Related Agriculture, Forestry & Fishing Industries
Broilers and Other Meat Type
Logging
Support Activities for Animal Production
Chicken Egg Production
Soil Preparation, Planting, and Cultivating
Beef Cattle Ranching and Farming
Data aggregated from SBA loan records (1992–2025). Tobacco Farming defined by NAICS code 111910. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.