Retail Trade
SBA Lenders for Auto Dealers & Parts
Top lenders ranked by real SBA lending data for auto dealers & parts nationwide.
What Borrowers Should Know
Auto dealers are getting better pricing than the national average: the median 7(a) spread for this industry is P+2.36%, which is 39 basis points lower than the national median of P+2.75%. This suggests lenders view auto dealers as lower-risk borrowers, likely because inventory and equipment serve as strong collateral. If you're in this sector, you should expect favorable rates compared to other small business categories.
California dominates the market with 2,338 of 3,027 total deals—77% of all auto dealer SBA lending—while the next four states combined account for just 689 deals. This extreme concentration means lenders have deep expertise in CA's regulatory environment and dealer operations, making it easier to get approved there. However, if you're operating outside these top five states, you may face longer approval timelines or less familiar lenders.
Wells Fargo holds 345 of 3,027 deals (11.4% market share) while the next four lenders combined hold only 427 deals. Despite 379 active lenders in the space, one bank controls more deals than the fifth through twenty-third largest lenders combined. This concentration creates both opportunity and risk: Wells Fargo has streamlined auto dealer lending, making them fast, but less competition may mean less negotiating power on terms outside of California.
Total SBA Loans
16,019
Active Lenders
1,662
Avg Deal Size
$654K
Total Volume
$10.5B
Auto Dealers & Parts SBA loans average $654K in deal size across 16,019 total loans. The median 7(a) spread in this segment is P + 2.29%.
Top Lenders for Auto Dealers & Parts
Ranked by total deal count nationwide.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | Bank | 1,151 | $224K | P + 3.20%ABOVE AVG | |
| 2 | The Huntington National Bank | Bank | 404 | $353K | P + 2.15%GOOD | |
| 3 | U.S. Bank, National Association | Bank | 339 | $561K | P + 2.16%GOOD | |
| 4 | Northeast Bank | Bank | 336 | $208K | P + 2.91%ABOVE AVG | |
| 5 | PNC Bank, National Association | Bank | 319 | $182K | P + 2.90%ABOVE AVG | |
| 6 | JPMorgan Chase Bank, National Association | Bank | 286 | $350K | P + 2.30%AVERAGE | |
| 7 | BayFirst National Bank | Bank | 253 | $206K | P + 3.50%ABOVE AVG | |
| 8 | Enterprise Bank & Trust | Bank | 202 | $1.0M | P + 1.86%GOOD | |
| 9 | Manufacturers and Traders Trust Company | Bank | 195 | $253K | P + 2.63%AVERAGE | |
| 10 | BMO Bank National Association | Bank | 188 | $1.1M | P + 1.39%COMPETITIVE | |
| 11 | Zions Bank, A Division of | Bank | 186 | $404K | P + 2.34%AVERAGE | |
| 12 | Columbia Bank | Bank | 182 | $620K | P + 2.72%AVERAGE | |
| 13 | Celtic Bank Corporation | Bank | 180 | $520K | P + 2.54%AVERAGE | |
| 14 | Live Oak Banking Company | Bank | 172 | $2.4M | P + 1.88%GOOD | |
| 15 | Florida Business Development C | CDC/504 | 171 | $719K | — |
Top States for Auto Dealers & Parts
Where auto dealers & parts SBA lending is most active.