How Much Can Used Car Dealers Businesses Get in SBA Loans?
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 20.6% default rate on the matured 2018-2021 loan cohort.
At 20.6%, Used Car Dealers 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 441120 (Used Car Dealers) received 8,373 SBA loans worth $2.8B across 5+ states. Average loan $331K, average term 160 months, 20.6% default rate (resolved loan basis).934 active SBA approved lenders fund this industry. Most used car dealers loans use the SBA 7(a) program.
Is SBA Lending Growing for Used Car Dealers?+36% growth
Which SBA Program Do Used Car Dealers Businesses Use Most?
What Is the Best SBA Loan for Used Car Dealers?
The most widely used SBA program for used car dealers businesses: flexible terms, multiple use cases
Where Are Used Car Dealers SBA Loans Most Common?
SBA Lending Activity in Used Car Dealers
934 SBA lenders have funded 8,373 loans to used car dealers businesses (NAICS 441120). 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.
Used Car Dealers Industry Context
Talk to PeerSense
PeerSense sources capital for used car dealers 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 Used Car Dealers 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 Used Car Dealers Businesses?
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.
Talk to PeerSense about a used car dealers file. The capital source sets the terms. The desk fee is paid at closing, never upfront.
Frequently Asked Questions: Used Car Dealers SBA Loans
What is the average SBA loan size for used car dealers businesses?
Which SBA loan program is best for a used car dealers business?
How many lenders fund SBA loans for used car dealers?
What states have the most SBA lending for used car dealers?
How does PeerSense help used car dealers businesses get SBA loans?
Related Retail Trade Industries
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 to 2025). Used Car Dealers defined by NAICS code 441120. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.