Industries › Retail Trade › Motor Vehicle and Parts Dealers
NAICS 441Subsector1.2% of all approvals
SBA loans for motor vehicle and parts dealers
7(a) and 504 approvals to businesses SBA classifies under NAICS 441, with the lenders and states behind them.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 4,109 loans to businesses in motor vehicle and parts dealers (NAICS 441) in FY2021 to FY2025, worth $3.12bn: 3,199 under 7(a) and 910 under 504.
That is 1.2% of all approvals. Set against the 119,780 establishments the Census Bureau counts in the industry, it comes to 34.3 approvals per 1,000 establishments; across all industries the figure is 41.0.
In FY2025 there were 957 approvals, up 20% on FY2024. The median 7(a) approval was $254K, against $190K for all industries, and 12.3% of approvals went to franchise businesses.
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 7.8% as charged off, above the 6.6% for all industries.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Volume by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 421 | $247M | $300K | 104 | $139M | 525 | 4,004 |
| FY2025 | 806 | $426M | $250K | 151 | $157M | 957 | 7,033 |
| FY2024 | 662 | $370M | $150K | 133 | $149M | 795 | 6,229 |
| FY2023 | 572 | $329M | $234K | 138 | $149M | 710 | 6,467 |
| FY2022 | 479 | $363M | $350K | 223 | $246M | 702 | 7,238 |
| FY2021 | 680 | $659M | $570K | 265 | $274M | 945 | 9,743 |
| FY2020 | 424 | $283M | $319K | 194 | $192M | 618 | 5,558 |
| FY2019 | 578 | $249M | $175K | 145 | $119M | 723 | 4,582 |
| FY2018 | 682 | $287M | $150K | 126 | $99.4M | 808 | 5,405 |
| FY2017 | 689 | $268M | $150K | 172 | $135M | 861 | 6,706 |
| FY2016 | 827 | $293M | $100K | 141 | $127M | 968 | 6,591 |
SBA records the NAICS code in force when a loan was approved. The 2022 NAICS revision renumbered parts of retail trade and information, so some lines of business appear under one code before FY2023 and another after. FY2016–FY2020 approvals under this code: 3,978.
Within this subsector
| NAICS | Industry group | Approvals, FY2021–FY2025 | Share |
|---|---|---|---|
| 4411 | Automobile Dealers | 1,772 | 43.1% |
| 4413 | Automotive Parts, Accessories, and Tire Stores | 1,520 | 37.0% |
| 4412 | Other Motor Vehicle Dealers | 817 | 19.9% |
Lenders most active in this industry
By number of approvals, FY2021–FY2025; 611 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Northeast BankLewiston, ME | 241 | $47.9M | 5.9% | |
| 2 | Wells Fargo Bank National AssociationSioux Falls, SD | 189 | $54.5M | 4.6% | |
| 3 | BayFirst National BankSaint Petersburg, FL | 169 | $32.3M | 4.1% | |
| 4 | The Huntington National BankColumbus, OH | 157 | $57.6M | 3.8% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 152 | $78.8M | 3.7% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 123 | $325M | 3.0% | |
| 7 | U.S. Bank, National AssociationCincinnati, OH | 89 | $54.5M | 2.2% | |
| 8 | Newtek Small Business Finance, Inc.Lake Success, NY | 81 | $65.0M | 2.0% | |
| 9 | Florida Business Development CorporationTampa, FL · CDC | 67 | $57.3M | 1.6% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 67 | $33.1M | 1.6% | |
| 11 | TD Bank, National AssociationWilmington, DE | 64 | $18.9M | 1.6% | |
| 12 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 62 | $66.1M | 1.5% | |
| 13 | Manufacturers and Traders Trust CompanyBuffalo, NY | 57 | $7.1M | 1.4% | |
| 14 | Mortgage Capital Development CorporationOakland, CA · CDC | 51 | $74.3M | 1.2% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 51 | $25.0M | 1.2% | |
| 16 | Harvest Small Business Finance, LLCLaguna Hills, CA | 45 | $42.3M | 1.1% | |
| 17 | Enterprise Bank & TrustClayton, MO | 42 | $58.5M | 1.0% | |
| 18 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 42 | $34.8M | 1.0% | |
| 19 | Fifth Third BankCincinnati, OH | 42 | $13.2M | 1.0% | |
| 20 | Zions Bank, A Division ofSalt Lake City, UT | 42 | $10.0M | 1.0% |
States
| # | State of the business | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 633 | $514M | 15.4% | |
| 2 | Florida | 377 | $282M | 9.2% | |
| 3 | Texas | 289 | $240M | 7.0% | |
| 4 | Utah | 160 | $114M | 3.9% | |
| 5 | New York | 143 | $105M | 3.5% | |
| 6 | Michigan | 141 | $86.7M | 3.4% | |
| 7 | Ohio | 129 | $58.5M | 3.1% | |
| 8 | Georgia | 128 | $111M | 3.1% | |
| 9 | Arizona | 113 | $84.6M | 2.8% | |
| 10 | Washington | 106 | $90.4M | 2.6% | |
| 11 | Pennsylvania | 105 | $66.6M | 2.6% | |
| 12 | Minnesota | 105 | $54.9M | 2.6% | |
| 13 | Colorado | 103 | $89.8M | 2.5% | |
| 14 | Illinois | 101 | $112M | 2.5% | |
| 15 | Wisconsin | 98 | $86.2M | 2.4% |
Franchise brands
12.3% of approvals carried a franchise code.
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Ford Motor Company Dealer Sales and Service Agreement | 51 | 1.2% | |
| 2 | Big O Tires | 44 | 1.1% | |
| 3 | General Motors, LLC | 36 | 0.9% | |
| 4 | Chrysler | 34 | 0.8% | |
| 5 | Harley Davidson | 31 | 0.8% | |
| 6 | Napa AutoCare Program Membership Agreement | 24 | 0.6% | |
| 7 | Yamaha | 21 | 0.5% | |
| 8 | Polaris | 18 | 0.4% | |
| 9 | Nissan North America, Inc. | 14 | 0.3% | |
| 10 | Batteries Plus | 14 | 0.3% |
Approval sizes
- $50,000 or less14.0%575
- $50,001 to $150,00018.2%748
- $150,001 to $350,00018.6%765
- $350,001 to $1 million26.2%1,076
- $1 million to $2 million12.5%512
- Over $2 million10.5%433
Age of the businesses
- Existing, more than 2 years old69.3%2,847
- New business, 2 years or less14.0%576
- Startup, loan funds will open the business6.5%268
- Change of ownership10.0%409
- Not answered0.2%9
Charge-offs against all industries
| Loans approved FY2010–FY2021 | This industry, 7(a) | All 7(a) | This industry, 504 | All 504 |
|---|---|---|---|---|
| Approvals in these years | 7,603 | 639,905 | 2,326 | 85,591 |
| Cancelled or never disbursed | 993 | 79,313 | 337 | 12,514 |
| Disbursed loans | 6,610 | 560,592 | 1,989 | 73,077 |
| Paid in full | 4,916 | 435,813 | 1,031 | 35,491 |
| Charged off | 513 | 36,891 | 15 | 905 |
| Still outstanding (status exempt from disclosure) | 1,181 | 87,888 | 943 | 36,681 |
| Charged off, share of disbursed loans | 7.8% | 6.6% | 0.8% | 1.2% |
| Dollars charged off, share of disbursed dollars | 2.1% | 2.5% | 0.4% | 0.9% |
| Dollars charged off | $68.1M | $5.70bn | $6.7M | $499M |
Against all industries
| FY2021–FY2025 | NAICS 441 | All industries |
|---|---|---|
| Median 7(a) approval | $254K | $190K |
| Median 504 approval | $701K | $657K |
| Average approval | $760K | $573K |
| Approvals per 1,000 establishments | 34.3 | 41.0 |
| Approvals to franchise businesses | 12.3% | 11.2% |
| Jobs supported per approval, as reported | 8.9 | 10.5 |
Questions and answers
Which lenders make the most SBA loans for motor vehicle and parts dealers?
By approvals in FY2021 to FY2025: Northeast Bank (241), Wells Fargo Bank National Association (189), BayFirst National Bank (169), The Huntington National Bank (157), Newtek Bank, National Association (152). 611 lenders had at least one.
How large are typical SBA loans for motor vehicle and parts dealers?
The median 7(a) approval was $254K and the median 504 approval $701K; the average across both programs was $760K.
What share of SBA loans for motor vehicle and parts dealers are charged off?
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 7.8% are recorded as charged off, against 6.6% for all industries; for 504 loans, 0.8% against 1.2%.
Which states have the most SBA loans for motor vehicle and parts dealers?
California (633), Florida (377), Texas (289), Utah (160), New York (143).
Is SBA lending for motor vehicle and parts dealers rising?
Approvals in the three latest complete fiscal years total 2,462, against 2,265 in the three before: broadly level (+9%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error