SBA loans by business type
SBA Loans for Used Car Dealers
SBA lenders funded 4,363 7(a) and 504 loans for used car dealers since FY2010 (0.4% of all SBA lending in the data), totaling $2.0B, an average of $464K per loan. The most active lender is Enterprise Bank & Trust.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
These figures are computed from the SBA's public 7(a) and 504 funded-loan records for Used Car Dealers (NAICS 44112). They cover funded loans, not applications, so a lender's activity here is a track-record signal — not a guarantee you will be approved. Of these, 21% are 504 loans (owner-occupied real estate and long-term equipment), which is why average loan sizes here run large. Among the 7(a) loans, the charge-off rate is 7.3% — a relative track-record signal, not a lifetime default rate (504 charge-offs are not reported in the SBA data); see our methodology. Estimate a payment with the SBA loan calculator, or check the basics with the eligibility checker.
Top SBA lenders in Retail Trade, the sector that includes used car dealers
Ranked by SBA loans funded across Retail Trade (NAICS 44-45), the full sector that contains Used Car Dealers (NAICS 44112). The sector is broader than used car dealers alone, and sector level is the granularity our per-lender track-record data supports, so every figure below, including the 7(a) charge-off rate, is sector-wide, not specific to used car dealers. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in the sector shows “not reported,” never 0%. A lender active in your situation is a good place to start; talk to a few before you apply.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 8,274 | $2.1B | $250K | 3.77% |
| 2 | Wells Fargo Bank National Association | 8,125 | $2.1B | $254K | 7.26% |
| 3 | U.S. Bank, National Association | 4,558 | $1.4B | $306K | 3.97% |
| 4 | JPMorgan Chase Bank, National Association | 4,535 | $845.8M | $187K | 6.00% |
| 5 | TD Bank, National Association | 3,878 | $572.2M | $148K | 9.33% |
| 6 | Manufacturers and Traders Trust Company | 3,502 | $447.0M | $128K | 7.40% |
| 7 | Bank of Hope | 2,367 | $1.4B | $597K | 4.35% |
| 8 | Celtic Bank Corporation | 2,102 | $1.6B | $781K | 6.47% |
| 9 | PNC Bank, National Association | 1,958 | $363.1M | $185K | 7.41% |
| 10 | Northeast Bank | 1,849 | $325.5M | $176K | 2.65% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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Top states for used car dealers SBA loans
| State | Loans | Total volume |
|---|---|---|
| California | 707 | $397.1M |
| Texas | 491 | $195.5M |
| Florida | 358 | $186.6M |
| Utah | 185 | $95.7M |
| Georgia | 180 | $88.8M |
| Colorado | 119 | $69.4M |
| New Jersey | 113 | $68.2M |
| Oregon | 85 | $65.5M |
| Washington | 101 | $64.9M |
| Illinois | 93 | $63.3M |
SBA lending for used car dealers by year
Funded SBA volume by approval fiscal year (FY2010–2026).
SBA loans for used car dealers: frequently asked questions
Can you get an SBA loan for used car dealers?
Yes. Lenders funded 4,363 SBA 7(a) and 504 loans for used car dealers in the public data (as of 2026-03-31), 0.4% of all SBA lending, totaling $2.0B.
How much is a typical SBA loan for used car dealers?
The average SBA loan for used car dealers is $464K, across 4,363 funded loans. Your amount depends on use of funds, cash flow, and the lender.
Which SBA lenders fund used car dealers?
Enterprise Bank & Trust, Newtek Small Business Finance, Inc., U.S. Bank, National Association are among the most active SBA lenders for used car dealers by funded volume. A lender that regularly funds your situation is more likely to understand the deal.