New
Car Dealers
Small Business Owner Resource
SBA 7(a) lending intel on SBAmatch is designed to help Small Business Owners avoid the mistake of applying with the wrong lender. Every lender is different, and matching to the right one with the highest probability of approving an SBA loan will save countless headaches.
Below is the most recent lending data for the New Car Dealers industry.
2021 Loans:
Lenders: 23
Approvals: 43
Amounts: $111M
Average: $2,577,888
2022 Loans:
Lenders: 20
Approvals: 34
Amounts: $82M
Average: $2,410,253
All-Time Loans:
Lenders: 604
Approvals: 2,270
Amounts: $1.3B
Average: $559,449
New Car Dealers Industry Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
New Car Dealers Industry Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
60%
of all SBA Lenders of all time have never approved an SBA loan over $1 Million.
We can find the right one for you; for free. LEARN MORE.
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Resources:
NAICS INDUSTRY
Our SBA 7a lending information is based on New Car Dealers NACIS code 441110.
The NAICS website describes this industry as:
This industry comprises establishments primarily engaged in retailing new automobiles and light trucks, such as sport utility vehicles, and passenger and cargo vans, or retailing these new vehicles in combination with activities, such as repair services, retailing used cars, and selling replacement parts and accessories.
Illustrative Examples:
Automobile dealers, new only, or new and used
Light utility truck dealers, new only, or new and used