SBA loans for bakery businesses
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
Retail Bakeries (NAICS 311811)
557loans approved
$174,500median loan
$50K–$500Kmiddle half of loans
$215.0Mtotal approved
10%median initial rate
10 yrsmedian term
Borrowers reported 6,671 jobs created or retained.
20.5% of these loans went to franchise locations.
Loan sizes
States with the most loans
| State | Loans | Median |
|---|---|---|
| California | 65 | $404,500 |
| New York | 43 | $100,000 |
| Ohio | 42 | $92,500 |
| Texas | 34 | $275,000 |
| New Jersey | 27 | $250,000 |
| Florida | 27 | $174,600 |
| Michigan | 26 | $100,000 |
| Pennsylvania | 25 | $150,000 |
| Maryland | 23 | $130,000 |
| PR | 22 | $62,500 |
Most active lenders
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 71 | $65,000 | $12.9M |
| Newtek Bank, National Association | 28 | $225,000 | $11.8M |
| Manufacturers and Traders Trust Company | 23 | $75,000 | $3.6M |
| TD Bank, National Association | 20 | $50,000 | $852K |
| Banco Popular De Puerto Rico | 16 | $67,500 | $1.6M |
| Readycap Lending, LLC | 16 | $50,000 | $2.1M |
| Northeast Bank | 15 | $63,000 | $1.6M |
| Keybank National Association | 14 | $143,500 | $3.6M |
| JPMorgan Chase Bank, National Association | 13 | $100,000 | $1.9M |
| Celtic Bank Corporation | 13 | $404,500 | $8.6M |
Planning one? Read how to start a bakery business and model payments with the loan calculator.
What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.