Top Lenders for SBA Grocery Store Loans

Last quarterly update: Mar 23, 2024

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Top Grocery Store Lenders

RankBankCityState# of LoansAvg LoanAvg Rate
1U.S. BankCincinnatiOH20 $ 339,5609.3%
2Huntington BankColumbusOH19 $ 143,85310.4%
3TD BankWilmingtonDE16 $ 134,33111.8%
4M&TBuffaloNY10 $ 151,77011.6%
5BayFirst National BankSaint PetersburgFL9 $ 145,31112.1%
6Hanmi BankLos AngelesCA7 $ 1,266,5009.8%
7Commonwealth Business BankLos AngelesCA7 $ 900,4299.6%
8Bank of AmericaCharlotteNC6 $ 383,0506.5%
9Readycap Lending, LLCBerkeley HeightsNJ6 $ 1,878,25010.3%
10Banco Popular de Puerto RicoSan JuanPR5 $ 121,18012.0%
11Wells FargoSioux FallsSD5 $ 750,90012.0%
12Open BankLos AngelesCA5 $ 1,269,1009.9%
13Eastern BankBostonMA5 $ 38,00013.7%
14Newtek Small Business FinanceLake SuccessNY5 $ 271,80010.8%
15KeyBankClevelandOH5 $ 101,00011.9%
16Noah BankMiamiFL4 $ 301,25011.5%
17Newtek BankMiamiFL4 $ 301,25011.5%
18Bank of HopeLos AngelesCA4 $ 1,093,7509.5%
19East West BankPasadenaCA4 $ 468,2509.6%
20Community 1st CUOttumwaIA3 $ 48,3007.8%

Recent Grocery Store Loan Activity

IndustryYearQtr# of Loans Avg LoanAvg Rate*
Automotive Body, Paint, and Interior Repair and Maintenance2023465 $530,63711.4%
Automotive Body, Paint, and Interior Repair and Maintenance2023387 $475,07510.6%
Automotive Body, Paint, and Interior Repair and Maintenance2023250 $546,39010.4%
Automotive Body, Paint, and Interior Repair and Maintenance2023146 $437,70210.1%
Automotive Body, Paint, and Interior Repair and Maintenance2022457 $792,6688.6%
Automotive Body, Paint, and Interior Repair and Maintenance2022357 $722,6797.2%
Automotive Body, Paint, and Interior Repair and Maintenance2022237 $600,8055.7%
Automotive Body, Paint, and Interior Repair and Maintenance2022140 $809,5905.6%
Automotive Body, Paint, and Interior Repair and Maintenance2021434 $510,3855.5%
Automotive Body, Paint, and Interior Repair and Maintenance2021387 $779,9095.2%
Automotive Body, Paint, and Interior Repair and Maintenance2021250 $605,4065.5%
Automotive Body, Paint, and Interior Repair and Maintenance2021129 $524,6315.8%
Beauty Salons20234248 $168,27611.1%
Beauty Salons20233277 $189,62611.0%
Beauty Salons20232202 $150,27111.1%
Beauty Salons20231176 $168,26910.5%
Beauty Salons20224180 $215,8549.1%
Beauty Salons20223177 $203,5837.9%
Beauty Salons20222164 $166,9096.8%
Beauty Salons20221130 $238,0586.0%
Beauty Salons2021496 $247,9286.2%
Beauty Salons20213164 $271,4815.8%
Beauty Salons20212120 $284,8435.8%
Beauty Salons2021180 $193,3316.0%
Beer, Wine, and Liquor Stores202346 $396,66711.6%
Beer, Wine, and Liquor Stores202338 $739,73810.9%
Beer, Wine, and Liquor Stores2023211 $443,09111.8%
Beer, Wine, and Liquor Stores2023113 $322,25410.3%
Beer, Wine, and Liquor Stores2022411 $314,9829.4%
Beer, Wine, and Liquor Stores2022337 $954,5686.9%
Beer, Wine, and Liquor Stores2022237 $808,8845.6%
Beer, Wine, and Liquor Stores2022150 $904,9365.5%
Beer, Wine, and Liquor Stores2021471 $588,1765.6%
Beer, Wine, and Liquor Stores20213256 $1,006,0945.2%
Beer, Wine, and Liquor Stores20212159 $839,5335.2%
Beer, Wine, and Liquor Stores20211125 $791,2735.3%
Breweries2023440 $499,87010.9%
Breweries2023353 $772,03210.2%
Breweries2023238 $492,45810.1%
Breweries2023163 $749,1609.2%
Breweries2022437 $628,0868.7%
Breweries2022351 $656,2517.5%
Breweries2022245 $624,0115.8%
Breweries2022137 $606,7655.4%
Breweries2021435 $530,0005.5%
Breweries2021390 $799,5535.2%
Breweries2021249 $528,3535.4%
Breweries2021132 $516,3165.4%
Broilers and Other Meat Type2023417 $1,644,8888.7%
Broilers and Other Meat Type2023333 $1,296,9588.4%
Broilers and Other Meat Type2023231 $1,244,3168.2%
Broilers and Other Meat Type2023130 $1,595,8778.0%
Broilers and Other Meat Type2022433 $1,408,5587.2%
Broilers and Other Meat Type2022331 $1,493,3716.6%
Broilers and Other Meat Type2022231 $1,757,8165.6%
Broilers and Other Meat Type2022125 $1,146,3124.6%
Broilers and Other Meat Type2021424 $1,456,5674.5%
Broilers and Other Meat Type2021353 $1,403,1834.5%
Broilers and Other Meat Type2021234 $1,112,4295.0%
Broilers and Other Meat Type2021114 $1,192,8575.0%
Car Washes2023451 $731,20010.6%
Car Washes2023365 $1,406,69710.2%
Car Washes2023244 $1,070,02510.2%
Car Washes2023160 $858,1209.7%
Car Washes2022456 $1,499,4738.5%
Car Washes2022363 $1,755,8927.1%
Car Washes2022270 $1,494,3295.9%
Car Washes2022163 $1,473,6895.5%
Car Washes2021441 $1,115,7055.1%
Car Washes20213122 $2,049,9135.0%
Car Washes2021259 $1,137,2765.3%
Car Washes2021153 $1,587,2155.4%
Child Day Care Services20234197 $593,43310.8%
Child Day Care Services20233252 $792,89210.3%
Child Day Care Services20232166 $621,0079.8%
Child Day Care Services20231154 $802,7669.6%
Child Day Care Services20224151 $798,1428.5%
Child Day Care Services20223165 $967,9927.3%
Child Day Care Services20222163 $817,5446.1%
Child Day Care Services20221125 $910,4415.6%
Child Day Care Services2021492 $922,1345.5%
Child Day Care Services20213284 $1,131,9405.2%
Child Day Care Services20212124 $1,039,6905.2%
Child Day Care Services20211126 $932,2585.3%
Coin-Operated Laundries and Drycleaners2023444 $594,74810.6%
Coin-Operated Laundries and Drycleaners2023343 $655,20210.2%
Coin-Operated Laundries and Drycleaners2023232 $696,5389.9%
Coin-Operated Laundries and Drycleaners2023133 $919,5919.2%
Coin-Operated Laundries and Drycleaners2022457 $810,3098.1%
Coin-Operated Laundries and Drycleaners2022325 $1,054,6966.8%
Coin-Operated Laundries and Drycleaners2022235 $915,3515.5%
Coin-Operated Laundries and Drycleaners2022120 $845,4955.4%
Coin-Operated Laundries and Drycleaners2021418 $727,0895.1%
Coin-Operated Laundries and Drycleaners2021356 $839,8005.1%
Coin-Operated Laundries and Drycleaners2021252 $788,9375.3%
Coin-Operated Laundries and Drycleaners2021117 $633,2295.2%
Continuing Care Retirement Communities202342 $742,05010.3%
Continuing Care Retirement Communities202334 $619,5009.8%
Continuing Care Retirement Communities202321 $1,724,7009.8%
Continuing Care Retirement Communities202312 $1,492,50010.0%
Continuing Care Retirement Communities202243 $276,6679.3%
Continuing Care Retirement Communities202237 $826,3297.2%
Continuing Care Retirement Communities202221 $886,0005.0%
Continuing Care Retirement Communities202211 $193,5004.3%
Continuing Care Retirement Communities202134 $2,219,0505.2%
Continuing Care Retirement Communities202121 $25,0005.8%
Continuing Care Retirement Communities202113 $90,0674.8%
Electrical Contractors and Other Wiring20234169 $368,00911.1%
Electrical Contractors and Other Wiring20233233 $345,28411.1%
Electrical Contractors and Other Wiring20232151 $261,75710.4%
Electrical Contractors and Other Wiring20231172 $361,19910.3%
Electrical Contractors and Other Wiring20224137 $411,8068.8%
Electrical Contractors and Other Wiring20223157 $420,1037.6%
Electrical Contractors and Other Wiring20222125 $299,1686.3%
Electrical Contractors and Other Wiring20221113 $337,9686.1%
Electrical Contractors and Other Wiring2021473 $287,3326.1%
Electrical Contractors and Other Wiring20213154 $562,2995.5%
Electrical Contractors and Other Wiring2021284 $554,3245.6%
Electrical Contractors and Other Wiring2021156 $382,1525.4%
Engineering Services2023468 $645,53110.8%
Engineering Services2023353 $534,95510.6%
Engineering Services2023279 $596,85410.2%
Engineering Services2023157 $514,56010.0%
Engineering Services2022449 $667,4339.0%
Engineering Services2022347 $460,8267.6%
Engineering Services2022245 $524,7276.2%
Engineering Services2022127 $535,4006.0%
Engineering Services2021437 $328,6545.8%
Engineering Services2021364 $791,9345.3%
Engineering Services2021258 $522,7335.8%
Engineering Services2021122 $1,095,3865.1%
Fitness and Recreational Sports Centers20234274 $350,43311.2%
Fitness and Recreational Sports Centers20233360 $418,68710.9%
Fitness and Recreational Sports Centers20232272 $368,96010.3%
Fitness and Recreational Sports Centers20231268 $301,7669.9%
Fitness and Recreational Sports Centers20224216 $351,7689.0%
Fitness and Recreational Sports Centers20223214 $419,2397.7%
Fitness and Recreational Sports Centers20222173 $333,5966.3%
Fitness and Recreational Sports Centers20221194 $435,3295.7%
Fitness and Recreational Sports Centers20214122 $331,7965.7%
Fitness and Recreational Sports Centers20213278 $553,8555.6%
Fitness and Recreational Sports Centers20212133 $454,6315.6%
Fitness and Recreational Sports Centers2021181 $435,2125.7%
Full-Service Restaurants20234729 $491,39410.8%
Full-Service Restaurants20233832 $470,18910.7%
Full-Service Restaurants20232664 $560,72010.2%
Full-Service Restaurants20231583 $479,0179.8%
Full-Service Restaurants20224563 $552,0818.7%
Full-Service Restaurants20223641 $605,3787.4%
Full-Service Restaurants20222555 $538,4736.1%
Full-Service Restaurants20221380 $630,6625.6%
Full-Service Restaurants20214303 $445,7035.6%
Full-Service Restaurants20213671 $760,8895.4%
Full-Service Restaurants20212366 $645,7545.4%
Full-Service Restaurants20211230 $587,5035.5%
Funeral Homes and Funeral Services2023419 $902,27410.4%
Funeral Homes and Funeral Services2023339 $754,62810.1%
Funeral Homes and Funeral Services2023225 $602,51210.0%
Funeral Homes and Funeral Services2023122 $941,4509.0%
Funeral Homes and Funeral Services2022443 $1,011,9478.4%
Funeral Homes and Funeral Services2022338 $977,2717.4%
Funeral Homes and Funeral Services2022225 $1,667,7965.7%
Funeral Homes and Funeral Services2022138 $1,002,7295.6%
Funeral Homes and Funeral Services2021423 $1,211,3305.3%
Funeral Homes and Funeral Services2021360 $1,386,5475.0%
Funeral Homes and Funeral Services2021239 $1,071,7285.1%
Funeral Homes and Funeral Services2021125 $876,9085.5%
Gasoline Stations with Convenience Stores202346 $446,65011.4%
Gasoline Stations with Convenience Stores202336 $572,58310.9%
Gasoline Stations with Convenience Stores202327 $1,249,47111.6%
Gasoline Stations with Convenience Stores202313 $755,00010.4%
Gasoline Stations with Convenience Stores202246 $1,511,6679.5%
Gasoline Stations with Convenience Stores202233 $1,073,3337.3%
Gasoline Stations with Convenience Stores2022216 $1,635,6885.8%
Gasoline Stations with Convenience Stores2022155 $1,528,9655.0%
Gasoline Stations with Convenience Stores2021471 $1,319,2945.1%
Gasoline Stations with Convenience Stores20213291 $1,722,6764.9%
Gasoline Stations with Convenience Stores20212161 $1,404,2795.0%
Gasoline Stations with Convenience Stores20211137 $1,337,8985.2%
General Automotive Repair20234214 $469,65310.9%
General Automotive Repair20233229 $483,67310.6%
General Automotive Repair20232189 $445,58810.4%
General Automotive Repair20231173 $364,70110.0%
General Automotive Repair20224186 $475,9048.6%
General Automotive Repair20223197 $505,8857.4%
General Automotive Repair20222188 $471,4616.0%
General Automotive Repair20221150 $507,7255.7%
General Automotive Repair20214130 $441,3925.7%
General Automotive Repair20213262 $655,7775.4%
General Automotive Repair20212158 $574,6605.2%
General Automotive Repair20211145 $503,4655.5%
General Freight Trucking, Long Distance, Truckload20234259 $131,00711.7%
General Freight Trucking, Long Distance, Truckload20233310 $242,64811.4%
General Freight Trucking, Long Distance, Truckload20232274 $192,45310.7%
General Freight Trucking, Long Distance, Truckload20231292 $157,93910.3%
General Freight Trucking, Long Distance, Truckload20224285 $212,3699.0%
General Freight Trucking, Long Distance, Truckload20223315 $189,9707.8%
General Freight Trucking, Long Distance, Truckload20222302 $161,9756.6%
General Freight Trucking, Long Distance, Truckload20221277 $190,8316.2%
General Freight Trucking, Long Distance, Truckload20214176 $256,3595.9%
General Freight Trucking, Long Distance, Truckload20213221 $401,8805.8%
General Freight Trucking, Long Distance, Truckload20212211 $277,3975.8%
General Freight Trucking, Long Distance, Truckload20211153 $252,8565.8%
Home Health Care Services20234135 $487,03911.5%
Home Health Care Services20233107 $486,04011.0%
Home Health Care Services20232112 $555,19610.7%
Home Health Care Services20231109 $410,22110.2%
Home Health Care Services20224104 $566,9728.9%
Home Health Care Services2022388 $389,2307.8%
Home Health Care Services20222101 $490,8556.3%
Home Health Care Services2022192 $424,2785.8%
Home Health Care Services2021486 $576,9625.6%
Home Health Care Services20213122 $584,4305.8%
Home Health Care Services2021295 $606,4655.7%
Home Health Care Services2021169 $790,8785.6%
Homes for the Elderly2023451 $1,059,92910.8%
Homes for the Elderly2023363 $1,678,86510.2%
Homes for the Elderly2023246 $1,081,50010.3%
Homes for the Elderly2023132 $953,0289.5%
Homes for the Elderly2022437 $1,297,0418.5%
Homes for the Elderly2022351 $1,112,1027.3%
Homes for the Elderly2022250 $1,137,0685.7%
Homes for the Elderly2022147 $1,193,9575.4%
Homes for the Elderly2021436 $1,034,1085.4%
Homes for the Elderly2021399 $1,638,0425.2%
Homes for the Elderly2021278 $1,240,6765.4%
Homes for the Elderly2021139 $1,191,6005.3%
Hotels (except Casino Hotels) and Motels20234170 $2,740,2769.9%
Hotels (except Casino Hotels) and Motels20233157 $2,781,0379.7%
Hotels (except Casino Hotels) and Motels20232156 $2,557,3269.5%
Hotels (except Casino Hotels) and Motels20231141 $2,537,5029.2%
Hotels (except Casino Hotels) and Motels20224185 $2,602,0298.0%
Hotels (except Casino Hotels) and Motels20223258 $2,647,6236.9%
Hotels (except Casino Hotels) and Motels20222254 $2,717,2205.3%
Hotels (except Casino Hotels) and Motels20221227 $2,657,2665.0%
Hotels (except Casino Hotels) and Motels20214111 $2,492,0865.0%
Hotels (except Casino Hotels) and Motels20213581 $2,556,5945.0%
Hotels (except Casino Hotels) and Motels20212285 $2,329,9015.0%
Hotels (except Casino Hotels) and Motels20211151 $2,339,5655.1%
Insurance Agencies and Brokerages20234171 $427,44611.4%
Insurance Agencies and Brokerages20233171 $449,00310.8%
Insurance Agencies and Brokerages20232140 $444,65810.0%
Insurance Agencies and Brokerages20231102 $376,9609.9%
Insurance Agencies and Brokerages20224148 $536,8838.8%
Insurance Agencies and Brokerages20223165 $381,8567.6%
Insurance Agencies and Brokerages20222151 $460,3866.2%
Insurance Agencies and Brokerages20221154 $419,3885.8%
Insurance Agencies and Brokerages20214119 $377,0185.8%
Insurance Agencies and Brokerages20213233 $591,8495.5%
Insurance Agencies and Brokerages20212165 $627,1735.3%
Insurance Agencies and Brokerages20211123 $653,1725.5%
Investment Advice202342 $17,50011.5%
Investment Advice202333 $429,60011.8%
Investment Advice202326 $905,33311.1%
Investment Advice202318 $324,1259.8%
Investment Advice202245 $135,00010.4%
Investment Advice202237 $271,2298.8%
Investment Advice202225 $210,0006.8%
Investment Advice2022113 $326,2316.3%
Investment Advice2021432 $546,6445.7%
Investment Advice2021350 $966,0325.9%
Investment Advice2021246 $455,5305.7%
Investment Advice2021127 $772,8815.6%
Landscaping Services20234254 $249,14911.2%
Landscaping Services20233264 $333,68011.0%
Landscaping Services20232246 $239,22310.3%
Landscaping Services20231258 $271,81010.2%
Landscaping Services20224207 $294,5268.9%
Landscaping Services20223163 $314,8677.8%
Landscaping Services20222208 $254,2556.3%
Landscaping Services20221213 $328,5215.8%
Landscaping Services20214135 $280,8045.8%
Landscaping Services20213222 $402,4925.5%
Landscaping Services20212196 $359,8695.6%
Landscaping Services20211171 $323,4185.6%
Lessors of Miniwarehouses and Self-Storage Units2023426 $1,898,5389.4%
Lessors of Miniwarehouses and Self-Storage Units2023331 $1,696,9689.3%
Lessors of Miniwarehouses and Self-Storage Units2023232 $1,377,7419.1%
Lessors of Miniwarehouses and Self-Storage Units2023127 $1,509,5268.4%
Lessors of Miniwarehouses and Self-Storage Units2022424 $1,467,2177.3%
Lessors of Miniwarehouses and Self-Storage Units2022336 $1,489,8786.4%
Lessors of Miniwarehouses and Self-Storage Units2022244 $1,338,6275.3%
Lessors of Miniwarehouses and Self-Storage Units2022150 $1,275,0484.8%
Lessors of Miniwarehouses and Self-Storage Units2021432 $1,239,8385.0%
Lessors of Miniwarehouses and Self-Storage Units2021390 $1,465,8934.7%
Lessors of Miniwarehouses and Self-Storage Units2021258 $1,408,2264.9%
Lessors of Miniwarehouses and Self-Storage Units2021129 $1,166,7725.0%
Lessors of Nonresidential Buildings (except Miniwarehouses)2023431 $1,401,5169.4%
Lessors of Nonresidential Buildings (except Miniwarehouses)2023357 $1,145,6119.1%
Lessors of Nonresidential Buildings (except Miniwarehouses)2023235 $855,3898.6%
Lessors of Nonresidential Buildings (except Miniwarehouses)2023136 $1,010,4698.4%
Lessors of Nonresidential Buildings (except Miniwarehouses)2022444 $1,346,8867.8%
Lessors of Nonresidential Buildings (except Miniwarehouses)2022354 $867,2316.6%
Lessors of Nonresidential Buildings (except Miniwarehouses)2022264 $1,218,9175.4%
Lessors of Nonresidential Buildings (except Miniwarehouses)2022150 $712,6384.9%
Lessors of Nonresidential Buildings (except Miniwarehouses)2021428 $1,059,0364.8%
Lessors of Nonresidential Buildings (except Miniwarehouses)20213119 $1,078,7634.6%
Lessors of Nonresidential Buildings (except Miniwarehouses)2021282 $830,3934.8%
Lessors of Nonresidential Buildings (except Miniwarehouses)2021148 $1,147,7445.0%
Machine Shop2023439 $744,92610.6%
Machine Shop2023345 $787,59110.2%
Machine Shop2023242 $615,6299.7%
Machine Shop2023132 $551,4389.2%
Machine Shop2022441 $852,6378.2%
Machine Shop2022334 $821,0157.2%
Machine Shop2022228 $711,6796.2%
Machine Shop2022151 $602,0435.2%
Machine Shop2021427 $683,9375.2%
Machine Shop2021382 $1,039,5674.9%
Machine Shop2021250 $623,4965.1%
Machine Shop2021122 $1,253,8555.2%
New Car Dealers2023413 $2,124,54610.4%
New Car Dealers202338 $2,089,37510.8%
New Car Dealers202326 $2,558,3339.8%
New Car Dealers202313 $1,218,3338.6%
New Car Dealers202247 $2,924,9298.2%
New Car Dealers202238 $2,550,4387.3%
New Car Dealers202225 $1,805,5205.8%
New Car Dealers2022110 $2,342,3005.2%
New Car Dealers202142 $3,491,6504.7%
New Car Dealers2021317 $2,700,1945.1%
New Car Dealers202128 $2,428,2885.1%
New Car Dealers202116 $3,861,6674.9%
Nursing Care Facilities2023419 $916,37910.8%
Nursing Care Facilities2023325 $811,87611.1%
Nursing Care Facilities2023214 $923,22910.2%
Nursing Care Facilities2023120 $1,044,45010.3%
Nursing Care Facilities2022413 $416,9779.1%
Nursing Care Facilities2022314 $914,7007.3%
Nursing Care Facilities2022215 $1,194,1406.0%
Nursing Care Facilities202216 $511,5005.6%
Nursing Care Facilities202145 $985,0006.1%
Nursing Care Facilities2021316 $1,485,9505.2%
Nursing Care Facilities202128 $1,507,1754.9%
Nursing Care Facilities202116 $1,019,6506.4%
Offices of Certified Public Accountants2023493 $496,33910.8%
Offices of Certified Public Accountants2023387 $352,02010.7%
Offices of Certified Public Accountants2023248 $522,23310.2%
Offices of Certified Public Accountants2023155 $406,88010.0%
Offices of Certified Public Accountants2022489 $558,2638.7%
Offices of Certified Public Accountants2022375 $342,3557.4%
Offices of Certified Public Accountants2022252 $440,3176.0%
Offices of Certified Public Accountants2022168 $489,1065.5%
Offices of Certified Public Accountants2021461 $701,0085.3%
Offices of Certified Public Accountants2021391 $619,5115.1%
Offices of Certified Public Accountants2021262 $679,3135.1%
Offices of Certified Public Accountants2021162 $484,9555.3%
Offices of Dentists20234137 $767,01810.2%
Offices of Dentists20233161 $973,83710.0%
Offices of Dentists20232119 $794,5209.4%
Offices of Dentists2023196 $892,0968.8%
Offices of Dentists20224115 $952,7457.7%
Offices of Dentists20223108 $1,116,4416.6%
Offices of Dentists20222117 $1,117,8915.3%
Offices of Dentists20221105 $908,8545.0%
Offices of Dentists2021472 $722,8814.8%
Offices of Dentists20213284 $1,331,7614.8%
Offices of Dentists20212196 $1,012,7574.8%
Offices of Dentists20211140 $943,1014.9%
Offices of Lawyers20234126 $301,02011.3%
Offices of Lawyers20233139 $375,48311.0%
Offices of Lawyers20232116 $256,21610.6%
Offices of Lawyers20231102 $334,3749.9%
Offices of Lawyers20224114 $373,7168.9%
Offices of Lawyers20223116 $397,1747.3%
Offices of Lawyers2022298 $336,2666.3%
Offices of Lawyers2022193 $358,2705.7%
Offices of Lawyers2021470 $377,4095.6%
Offices of Lawyers20213145 $610,2815.3%
Offices of Lawyers20212119 $535,3705.0%
Offices of Lawyers2021169 $396,1385.5%
Offices of Physicians (except Mental Health Specialists)20234200 $591,19610.9%
Offices of Physicians (except Mental Health Specialists)20233190 $534,08310.2%
Offices of Physicians (except Mental Health Specialists)20232138 $492,8339.6%
Offices of Physicians (except Mental Health Specialists)20231110 $579,0509.3%
Offices of Physicians (except Mental Health Specialists)20224109 $549,8158.6%
Offices of Physicians (except Mental Health Specialists)20223119 $808,3637.0%
Offices of Physicians (except Mental Health Specialists)20222102 $783,0665.8%
Offices of Physicians (except Mental Health Specialists)20221109 $635,6445.3%
Offices of Physicians (except Mental Health Specialists)2021491 $648,6355.3%
Offices of Physicians (except Mental Health Specialists)20213197 $764,7234.9%
Offices of Physicians (except Mental Health Specialists)20212118 $909,6755.1%
Offices of Physicians (except Mental Health Specialists)2021190 $730,9885.1%
Pet Care (except Veterinary) Services20234152 $425,96010.8%
Pet Care (except Veterinary) Services20233180 $432,67410.6%
Pet Care (except Veterinary) Services20232101 $489,90310.4%
Pet Care (except Veterinary) Services2023194 $430,3849.9%
Pet Care (except Veterinary) Services20224101 $659,9568.8%
Pet Care (except Veterinary) Services20223106 $484,8367.5%
Pet Care (except Veterinary) Services2022291 $581,5185.9%
Pet Care (except Veterinary) Services20221102 $552,6385.6%
Pet Care (except Veterinary) Services2021448 $470,1815.6%
Pet Care (except Veterinary) Services20213127 $783,5615.4%
Pet Care (except Veterinary) Services2021281 $591,9815.6%
Pet Care (except Veterinary) Services2021136 $484,9615.3%
Pharmacies and Drug Stores2023413 $153,15412.0%
Pharmacies and Drug Stores202337 $260,28611.7%
Pharmacies and Drug Stores202329 $402,60010.6%
Pharmacies and Drug Stores202317 $169,00010.7%
Pharmacies and Drug Stores2022412 $291,7259.7%
Pharmacies and Drug Stores2022315 $404,4137.0%
Pharmacies and Drug Stores2022213 $273,4626.6%
Pharmacies and Drug Stores2022124 $717,6755.8%
Pharmacies and Drug Stores2021447 $560,7985.4%
Pharmacies and Drug Stores2021373 $861,6685.5%
Pharmacies and Drug Stores2021254 $780,7675.4%
Pharmacies and Drug Stores2021145 $942,4025.1%
Plumbing, Heating, and Air-Conditioning Contractors20234279 $316,43411.2%
Plumbing, Heating, and Air-Conditioning Contractors20233303 $375,24910.7%
Plumbing, Heating, and Air-Conditioning Contractors20232253 $372,12210.6%
Plumbing, Heating, and Air-Conditioning Contractors20231239 $347,43610.0%
Plumbing, Heating, and Air-Conditioning Contractors20224209 $412,2238.8%
Plumbing, Heating, and Air-Conditioning Contractors20223196 $439,1237.4%
Plumbing, Heating, and Air-Conditioning Contractors20222203 $492,2836.1%
Plumbing, Heating, and Air-Conditioning Contractors20221134 $435,6515.8%
Plumbing, Heating, and Air-Conditioning Contractors20214128 $464,6825.7%
Plumbing, Heating, and Air-Conditioning Contractors20213218 $685,6105.5%
Plumbing, Heating, and Air-Conditioning Contractors20212142 $477,4825.4%
Plumbing, Heating, and Air-Conditioning Contractors20211100 $457,1495.4%
Residential Remodelers20234399 $154,71711.5%
Residential Remodelers20233397 $125,53411.3%
Residential Remodelers20232355 $133,99011.2%
Residential Remodelers20231360 $148,77410.5%
Residential Remodelers20224266 $165,0629.3%
Residential Remodelers20223295 $182,8638.1%
Residential Remodelers20222239 $162,0946.9%
Residential Remodelers20221188 $127,5226.7%
Residential Remodelers20214193 $151,6486.5%
Residential Remodelers20213229 $260,0626.3%
Residential Remodelers20212151 $200,1626.2%
Residential Remodelers20211143 $222,2276.4%
Roofing Contractors2023469 $260,81311.1%
Roofing Contractors2023382 $402,14910.9%
Roofing Contractors2023270 $434,62710.4%
Roofing Contractors2023186 $292,32410.2%
Roofing Contractors2022456 $505,0388.7%
Roofing Contractors2022378 $413,0377.7%
Roofing Contractors2022260 $452,8026.1%
Roofing Contractors2022150 $237,1186.0%
Roofing Contractors2021435 $668,9205.9%
Roofing Contractors2021361 $503,2595.8%
Roofing Contractors2021246 $365,4985.7%
Roofing Contractors2021120 $142,7806.5%
RV (Recreational Vehicle) Parks and Campgrounds202347 $1,863,71410.0%
RV (Recreational Vehicle) Parks and Campgrounds2023317 $2,000,22910.2%
RV (Recreational Vehicle) Parks and Campgrounds2023213 $1,348,4629.6%
RV (Recreational Vehicle) Parks and Campgrounds2023113 $1,986,5629.9%
RV (Recreational Vehicle) Parks and Campgrounds2022414 $1,533,5648.5%
RV (Recreational Vehicle) Parks and Campgrounds2022312 $864,8676.7%
RV (Recreational Vehicle) Parks and Campgrounds2022213 $1,149,4775.6%
RV (Recreational Vehicle) Parks and Campgrounds2022117 $1,145,3825.2%
RV (Recreational Vehicle) Parks and Campgrounds202149 $1,553,1565.3%
RV (Recreational Vehicle) Parks and Campgrounds2021334 $1,404,9035.0%
RV (Recreational Vehicle) Parks and Campgrounds2021211 $748,8735.2%
RV (Recreational Vehicle) Parks and Campgrounds2021117 $1,028,5005.3%
Supermarkets and Other Grocery (except Convenience) Stores2023460 $546,92810.8%
Supermarkets and Other Grocery (except Convenience) Stores20233119 $656,51410.6%
Supermarkets and Other Grocery (except Convenience) Stores20232111 $566,21110.2%
Supermarkets and Other Grocery (except Convenience) Stores2023182 $763,9109.6%
Supermarkets and Other Grocery (except Convenience) Stores2022497 $635,1518.6%
Supermarkets and Other Grocery (except Convenience) Stores2022369 $750,5127.7%
Supermarkets and Other Grocery (except Convenience) Stores2022292 $741,8796.1%
Supermarkets and Other Grocery (except Convenience) Stores2022170 $775,0335.6%
Supermarkets and Other Grocery (except Convenience) Stores2021442 $768,7835.8%
Supermarkets and Other Grocery (except Convenience) Stores20213132 $1,149,1205.1%
Supermarkets and Other Grocery (except Convenience) Stores2021282 $1,023,8955.2%
Supermarkets and Other Grocery (except Convenience) Stores2021150 $761,2085.3%
Used Car Dealers2023459 $339,07111.6%
Used Car Dealers2023353 $275,13811.6%
Used Car Dealers2023256 $517,43610.9%
Used Car Dealers2023155 $515,97610.6%
Used Car Dealers2022454 $589,5269.7%
Used Car Dealers2022335 $503,5578.2%
Used Car Dealers2022248 $692,3586.7%
Used Car Dealers2022134 $441,6126.0%
Used Car Dealers2021423 $695,3266.3%
Used Car Dealers2021359 $1,044,1585.3%
Used Car Dealers2021253 $721,5285.9%
Used Car Dealers2021130 $791,4575.4%
Veterinary Services2023434 $1,047,2509.3%
Veterinary Services2023358 $1,939,5678.9%
Veterinary Services2023237 $1,459,4978.8%
Veterinary Services2023119 $1,003,6428.9%
Veterinary Services2022446 $1,140,7937.9%
Veterinary Services2022356 $1,584,7416.6%
Veterinary Services2022251 $1,139,4595.5%
Veterinary Services2022145 $952,1094.9%
Veterinary Services2021447 $1,040,6134.8%
Veterinary Services20213118 $1,420,5814.8%
Veterinary Services2021269 $1,226,9394.7%
Veterinary Services2021147 $1,052,8004.9%

* Note that most SBA loans are variable-rate loans. The rates listed above is the initial interest rate at loan closing. Variable-rate SBA loans fluctuate by the fed funds rate set by the Federal Reserve.

Everyone has to eat – multiple times per day. And unless they grow all of their own food, they’ll be making multiple trips to the grocery store every month, if not every week or two. The same can’t be said for very many industries.

While margins are typically 1-3% for national chain grocers, independent grocery stores often sell the same items for higher margins because of the convenience they offer. And, people in smaller communities often prefer to “shop local” and patronize community grocers over chains and superstores.

Grocery stores were one of the businesses that stayed open and had a steady business during the pandemic. During lockdown, people ventured out very little, but one of their regular destinations continued to be the grocery store.

An SBA loan for a grocery can be used for buying equipment (shelving, cash registers, coolers, etc.), purchasing inventory (bread, milk, staples, etc.), refinancing debt, expanding, or even purchasing a new store.

Benefits of owning a grocery store

The biggest benefits of owning a grocery store are owning your own business and being involved in a much-needed industry. Grocery stores and markets have been serving locals for centuries, and there is no sign that smaller grocery stores won’t still be valued by shoppers in the future.

How to obtain financing to buy a grocery store

If you’re looking for grocery store financing, consider applying for an SBA loan. The various loan programs offered by the Small Business Administration can help provide the financing you need to set up your operation.

The SBA is a government agency that doesn’t lend you the money directly. Instead, it guarantees a significant portion of your loan. That lowers the risk profile for SBA’s lending partners, which include conventional banks and financial institutions, so they’re more willing to approve loan requests.

You also must put significantly less cash or equity down to qualify with an SBA loan. And, with an SBA loan, no covenants or collateral are required.

The most common SBA grocery store loans include the SBA 7(a) and Express loans.

SBA 7(a) loan for buying a grocery store

The 7(a) is the preferred SBA loan for grocery stores. You can use the funds made available through this program to purchase equipment and inventory, refinance debt, expand your current location, or buy a competitor’s grocery store.

If you own an existing market and want to buy out a partner, you can utilize the funds from an SBA 7(a) loan for that purpose.

The maximum SBA loan for a grocery store is $5 million. These term loans are generally repaid with monthly payments that include interest.

The payment stays the same for fixed-rate loans since the interest rate is locked in. However, for variable rate loans, it’s up to the lender to request a different payment amount if the interest rate changes.

SBA Express Loans for grocery stores

SBA Express Loans are a part of the agency’s 7(a) loan program. Up to $500,000 can be borrowed under an Express loan. The approval times are typically much faster for these loans.

If approved, the funds can be utilized for equipment and inventory purchase, working capital, and real estate. Express loans over $25,000 have a collateral requirement. The SBA usually responds to Express loan applications within 36 hours.

The lenders ultimately make all eligibility and credit decisions on SBA loans. The market prime rate plus 4.5-6% interest is applied with repayment terms of up to 10 years.

How to apply for an SBA grocery store loan

Access our network of SBA lenders that includes leading nationwide banks, credit unions, and other financial institutions. Our lending partners are experienced handling applications for grocery stores and markets, so they will diligently pursue your opportunity.

There are countless SBA approved lenders that are ready to offer you a brewery SBA loan. These are just some of the top lenders:

  find me a Grocery Store lender