Best Used Car Dealerships SBA Lenders of 2026

Compare the top 68 SBA lenders for Used Car Dealerships businesses. $141.6M funded in 2025. Average rate 10.36%. Get matched free.

Table of Contents

Best Used Car Dealershipships SBA Lenders of 2026

$141.6M
Total Funded

268
Loans Approved

$528K
Avg Loan Size

10.36%
Avg Interest Rate

68
Active Lenders

SBA Loans for Used Car Dealerships Businesses

The Used Car Dealerships industry received $141.6M in SBA 7(a) loans across 268 businesses in 2025. With 68 lenders actively funding this industry, finding the right bank can make a significant difference in your rates and approval odds.

Working with an experienced SBA loan broker who understands the Used Car Dealerships industry can help you access lenders that specialize in your business type.

💡 Key Insight: The average SBA loan for Used Car Dealerships businesses is $528K with an average rate of 10.36%. Lenders who specialize in this industry often offer better terms and faster approvals.

SBA Loans by Business Type

Here’s how SBA 7(a) loans break down for Used Car Dealerships businesses by business stage:

🚀 Startups
15%
$25.3M • 40 loans

🏢 Existing Businesses
81%
$94.6M • 217 loans

🔄 Business Acquisitions
4%
$21.5M • 10 loans

Top 50 SBA Lenders for Used Car Dealerships (2025)

These are the banks that funded the most SBA 7(a) loan volume to Used Car Dealerships businesses, ranked by total volume:

Rank Lender Volume Loans Avg Rate
1 Northeast Bank $19.9M 81 10.91%
2 Newtek Bank, National Association $13.8M 25 10.67%
3 U.S. Bank, National Association $7.8M 6 7.16%
4 Enterprise Bank & Trust $7.8M 4 7.31%
5 Harvest Small Business Finance, LLC $6.1M 10 10.00%
6 Celtic Bank Corporation $5.9M 12 10.65%
7 Brookline Bank, a Division of Beacon Bank and Trust $5.1M 3 9.83%
8 Colony Bank $4.8M 1 9.50%
9 Bank Five Nine $4.7M 2 9.38%
10 Midwest Regional Bank $3.9M 2 10.25%
11 Port 51 Lending LLC $3.7M 1 9.75%
12 Pinnacle Bank $3.5M 3 8.83%
13 Gulf Coast Bank and Trust Company $3.3M 1 9.75%
14 First Internet Bank of Indiana $3.3M 3 10.08%
15 Signature Bank of Georgia $3.0M 1 9.50%
16 Community Bank & Trust-West Georgia $2.9M 1 9.00%
17 TD Bank, National Association $2.5M 2 9.40%
18 FFB Bank $2.3M 1 8.00%
19 BOM Bank $2.3M 1 9.50%
20 BayFirst National Bank $2.2M 15 12.25%
21 Washington Trust Bank $2.1M 1 8.50%
22 One World Bank $2.1M 1 8.50%
23 First Bank $1.9M 2 9.50%
24 Mountain America FCU $1.7M 5 9.65%
25 Webster Bank National Association $1.7M 5 9.45%
26 American National Bank $1.7M 1 7.50%
27 Wells Fargo Bank National Association $1.6M 11 11.73%
28 Banesco USA $1.5M 1 9.50%
29 Comerica Bank $1.4M 4 9.06%
30 Gulf Capital Bank $1.3M 1 9.00%
31 Heritage Bank Inc $1.1M 3 11.00%
32 Cadence Bank $1.1M 3 10.08%
33 UMB Bank, National Association $1.0M 1 6.75%
34 America First FCU $961K 2 7.25%
35 Lendistry SBLC, LLC $910K 1 9.75%
36 MISSINGMAINBANKID $891K 1 8.82%
37 Wallis Bank $798K 3 9.50%
38 The Huntington National Bank $717K 1 9.75%
39 Byline Bank $525K 2 10.25%
40 HomeTrust Bank $520K 1 8.50%
41 CalPrivate Bank $500K 1 9.75%
42 Southwestern National Bank $500K 1 9.00%
43 Zions Bank, A Division of $474K 4 9.44%
44 STAR Financial Bank $460K 1 7.15%
45 Nicolet National Bank $413K 2 7.25%
46 First Savings Bank $400K 1 9.00%
47 American Momentum Bank $382K 1 9.50%
48 Canyon View Federal Credit Union $380K 1 7.75%
49 Columbia Bank $378K 3 11.42%
50 Manufacturers and Traders Trust Company $352K 10 11.87%

🚀 Best Lenders for Used Car Dealerships Startups

Starting a new used car dealers business? These lenders funded the most startup loans in this industry:

Rank Lender Startup Volume Loans Avg Rate
1 Celtic Bank Corporation $4.7M 2 9.75%
2 Enterprise Bank & Trust $3.9M 1 7.50%
3 Port 51 Lending LLC $3.7M 1 9.75%
4 Newtek Bank, National Association $3.3M 2 10.50%
5 U.S. Bank, National Association $2.6M 2 7.36%
6 First Internet Bank of Indiana $1.6M 2 10.25%
7 Harvest Small Business Finance, LLC $1.3M 2 10.25%
8 Northeast Bank $930K 7 11.46%
9 Brookline Bank, a Division of Beacon Bank and Trust $811K 1 9.75%
10 First Bank $582K 1 8.75%

🔄 Best Lenders for Used Car Dealerships Acquisitions

Looking to buy an existing used car dealers business? These lenders specialize in acquisition financing:

Rank Lender Acquisition Volume Loans Avg Rate
1 Colony Bank $4.8M 1 9.50%
2 Gulf Coast Bank and Trust Company $3.3M 1 9.75%
3 Brookline Bank, a Division of Beacon Bank and Trust $3.3M 1 9.50%
4 Midwest Regional Bank $3.0M 1 10.25%
5 Community Bank & Trust-West Georgia $2.9M 1 9.00%
6 First Internet Bank of Indiana $1.7M 1 9.75%
7 First Bank $1.3M 1 10.25%
8 Newtek Bank, National Association $400K 1 10.50%
9 Cadence Bank $368K 1 9.75%
10 Nicolet National Bank $363K 1 7.00%

🏢 Best Lenders for Existing Used Car Dealerships Businesses

Already running an established used car dealers business? These lenders have funded the most loans to existing businesses in your industry:

Rank Lender Volume Loans Avg Rate
1 Northeast Bank $19.0M 74 10.85%
2 Newtek Bank, National Association $10.1M 22 10.69%
3 U.S. Bank, National Association $5.2M 4 7.06%
4 Harvest Small Business Finance, LLC $4.8M 8 9.94%
5 Bank Five Nine $4.7M 2 9.38%
6 Enterprise Bank & Trust $3.9M 3 7.25%
7 Pinnacle Bank $3.5M 3 8.83%
8 Signature Bank of Georgia $3.0M 1 9.50%
9 TD Bank, National Association $2.5M 2 9.40%
10 FFB Bank $2.3M 1 8.00%

Top States for Used Car Dealerships SBA Loans

Here are the states with the highest SBA lending volume for Used Car Dealerships businesses:

Rank State Volume Loans
1 Florida $20.2M 15
2 California $18.3M 51
3 Texas $15.3M 35
4 Washington $9.2M 9
5 Oregon $8.8M 7
6 Georgia $8.3M 13
7 New Jersey $7.5M 8
8 Ohio $6.1M 9
9 Pennsylvania $5.7M 9
10 Colorado $5.4M 6
11 Arizona $4.6M 4
12 North Carolina $4.6M 6
13 Utah $3.5M 10
14 Virginia $3.1M 9
15 Nevada $2.2M 5
16 Massachusetts $2.0M 6
17 Nebraska $1.7M 1
18 Michigan $1.7M 5
19 Tennessee $1.6M 6
20 Indiana $1.5M 5
21 Maryland $1.3M 8
22 South Carolina $1.3M 4
23 New York $1.2M 5
24 Illinois $891K 4
25 Minnesota $875K 2
26 Alabama $829K 3
27 Louisiana $825K 1
28 Wisconsin $613K 3
29 Hawaii $450K 2
30 Arkansas $368K 1
31 Iowa $340K 2
32 Connecticut $319K 4
33 Missouri $300K 2
34 Idaho $289K 2
35 Kentucky $150K 1
36 Maine $100K 1
37 Oklahoma $100K 1
38 Kansas $50K 1
39 Rhode Island $44K 1
40 Puerto Rico $25K 1

Top Cities for Used Car Dealerships SBA Loans

Tualatin, Or

$5.1M
Volume

2
Loans

Springfield, Oh

$4.8M
Volume

1
Loans

Houston, Tx

$4.7M
Volume

8
Loans

Tacoma, Wa

$4.6M
Volume

2
Loans

Jacksonville, Fl

$3.9M
Volume

2
Loans

Elizabeth, Nj

$3.7M
Volume

1
Loans

Orlando, Fl

$3.7M
Volume

2
Loans

Fort Lauderdale, Fl

$3.7M
Volume

1
Loans

New Brighton, Pa

$3.3M
Volume

1
Loans

Hollywood, Fl

$3.0M
Volume

1
Loans

Ontario, Ca

$3.0M
Volume

1
Loans

Buford, Ga

$3.0M
Volume

1
Loans

Portland, Or

$2.9M
Volume

3
Loans

Tempe, Az

$2.5M
Volume

1
Loans

Tracy, Ca

$2.5M
Volume

1
Loans

Sanford, Fl

$2.5M
Volume

1
Loans

🤝 Why Use an SBA Broker for Used Car Dealerships Loans?

GoSBA Loans has extensive experience financing Used Car Dealerships businesses:

  • Industry expertise — we know which lenders specialize in Used Car Dealerships
  • Access to 68+ lenders — including banks that don’t accept direct applications
  • Better rates — our relationships help secure competitive terms
  • Faster approvals — proper preparation leads to quicker decisions
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Used Car Dealerships SBA Loan

Our team specializes in SBA financing for Used Car Dealerships businesses. Let us match you with the right lender for your specific needs.

Need SBA financing for your Used Car Dealerships business? GoSBA Loans specializes in SBA loans for Used Car Dealerships businesses. Contact our industry specialists today for a free consultation.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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