How Much Can Tobacco Stores Businesses Get in SBA Loans?
1,587 SBA loans totaling $219.4M have been approved for tobacco stores businesses (NAICS 453991). The average approved SBA loan is $138K, which is 59% below avg the $340K national average. 328 active lenders fund this industry with a 18.4% default rate on the matured 2018-2021 loan cohort.
At 18.4%, Tobacco Stores sits above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — above average 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 453991 (Tobacco Stores) received 1,587 SBA loans worth $219.4M across 5+ states. Average loan $138K, average term 97 months, 18.4% default rate (resolved-loan basis).328 active SBA-approved lenders fund this industry. Most tobacco stores loans use the SBA 7(a) program.
Is SBA Lending Growing for Tobacco Stores?-93% decline
Which SBA Program Do Tobacco Stores Businesses Use Most?
What Is the Best SBA Loan for Tobacco Stores?
The most widely used SBA program for tobacco stores businesses — flexible terms, multiple use cases
Where Are Tobacco Stores SBA Loans Most Common?
Top SBA Lenders for Tobacco Stores
These banks have funded the most SBA loans for tobacco stores businesses (NAICS 453991). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 135 | $10.1M |
| 2 | U.S. Bank, National Association(OH) | 113 | $4.4M |
| 3 | Bank of America, National Association(NC) | 105 | $4.6M |
| 4 | Citizens Bank, National Association(RI) | 98 | $5.7M |
| 5 | The Huntington National Bank(OH) | 89 | $9.5M |
Ready to Fund Your Tobacco Stores Business?
PeerSense places SBA loans for tobacco stores 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 Tobacco Stores Businesses?
Across all SBA loan programs, 1,587 loans have been approved for businesses classified under NAICS 453991 (Tobacco Stores), representing $219.4M in total capital deployed. The average approved loan of $138K is 59% below avg the national SBA average of $340K, with typical repayment terms of 97 months.
SBA lending for tobacco stores has contracted approximately 93% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 328 lenders remain active, maintaining competitive options for qualified borrowers.
The overwhelming majority of SBA lending for tobacco stores 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 stores 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 — Tobacco Stores SBA Loans
What is the average SBA loan size for tobacco stores businesses?
Which SBA loan program is best for a tobacco stores business?
How many lenders fund SBA loans for tobacco stores?
What states have the most SBA lending for tobacco stores?
How does PeerSense help tobacco stores businesses get SBA loans?
Related Retail Trade Industries
All Other Miscellaneous Store Retailers (except Tobacco Stores)
Sporting Goods Stores
Gift, Novelty, and Souvenir Stores
Florists
All Other General Merchandise Stores
Other Direct Selling Establishments
Data aggregated from SBA loan records (1992–2025). Tobacco Stores defined by NAICS code 453991. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.