8,373 SBA loans totaling $2.8B have been approved for used car dealers businesses (NAICS 441120). The average approved SBA loan is $331K, which is near national avg the $340K national average. 934 active lenders fund this industry with a 13.3% historical default rate.
The most widely used SBA program for used car dealers businesses — flexible terms, multiple use cases
PeerSense places SBA loans for used car dealers businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
Retainers
Down with SBA 7(a)
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Across all SBA loan programs, 8,373 loans have been approved for businesses classified under NAICS 441120 (Used Car Dealers), representing $2.8B in total capital deployed. The average approved loan of $331K is near national avg the national SBA average of $340K, with typical repayment terms of 160 months.
SBA lending for used car dealers is accelerating — loan volume has grown approximately 36% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2025.
The industry sees a balanced mix of SBA programs, with 17% 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.
PeerSense specializes in matching used car dealers 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.
Gasoline Stations with Convenience Stores
Beer, Wine, and Liquor Stores
Supermarkets and Other Grocery (except Convenience) Stores
Convenience Stores
Pharmacies and Drug Stores
Automotive Parts and Accessories Stores
Data aggregated from SBA loan records (1992–2025). Used Car Dealers defined by NAICS code 441120. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.