Lending data
Who lends to farms and agricultural businesses, state by state
1,687 SBA 7(a) loans to farms and agricultural businesses across 30 states, with the most active lender and the median loan in each.
Short answer
1,687 SBA 7(a) loans went to farms and agricultural businesses across 30 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| Mississippi | 193 | $790,000 | 38% | BankPlus |
| Arkansas | 133 | $901,000 | 56% | First Financial Bank |
| California | 128 | $150,000 | 25% | Wells Fargo Bank |
| Texas | 94 | $729,000 | 40% | First Financial Bank |
| Missouri | 84 | $829,250 | 61% | Live Oak Banking Company |
| Washington | 75 | $50,000 | 31% | Columbia Bank |
| Michigan | 71 | $50,000 | 20% | The Huntington National Bank |
| Ohio | 69 | $62,000 | 33% | The Huntington National Bank |
| Oregon | 64 | $50,000 | 25% | Columbia Bank |
| Georgia | 61 | $805,000 | 39% | Live Oak Banking Company |
| New York | 59 | $50,000 | 30% | Manufacturers and Traders Trust Company |
| Wisconsin | 57 | $150,000 | 16% | Hiawatha National Bank |
| North Carolina | 55 | $426,500 | 34% | First Financial Bank |
| Florida | 54 | $175,000 | 30% | TD Bank |
| Alabama | 53 | $998,000 | 49% | Live Oak Banking Company |
| Maine | 50 | $73,450 | 30% | Katahdin Trust Company |
| Pennsylvania | 47 | $50,000 | 32% | Manufacturers and Traders Trust Company |
| Idaho | 44 | $55,000 | 32% | Columbia Bank |
| Minnesota | 43 | $250,000 | 23% | Ultima Bank Minnesota |
| Louisiana | 29 | $1,954,000 | 55% | First Financial Bank |
| Oklahoma | 28 | $965,000 | 50% | Arvest Bank |
| Illinois | 24 | $150,000 | 46% | The Huntington National Bank |
| Massachusetts | 23 | $50,000 | 13% | TD Bank |
| Nebraska | 23 | $130,000 | 30% | Western Nebraska Bank |
| Colorado | 22 | $129,750 | 18% | The Huntington National Bank |
| New Hampshire | 22 | $50,000 | 27% | TD Bank |
| Tennessee | 22 | $806,000 | 36% | Live Oak Banking Company |
| Arizona | 20 | $180,000 | 40% | Wells Fargo Bank |
| Iowa | 20 | $200,000 | 60% | Hills Bank and Trust Company |
| Virginia | 20 | $302,500 | 30% | Newtek Bank |
What 7(a) lending to farms and agricultural businesses looks like nationally
| Measure | Agriculture and farming | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 1,911 | 214,102 |
| Median loan | $162,600 | $150,000 |
| 25th - 75th percentile | $50,000 - $838,200 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 9.50% | 10.25% |
| Share to startups | 35.6% | 33.6% |
| Charge-off rate, FY2010-19 | 4.4% | 7.1% |
| Jobs supported | 10,467 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loan sizes are typical. The median of $162,600 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- Startup share is about average, at 36% against 34% nationally.
- Rates run lower here. The median initial rate of 9.50% is 0.75 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- This market has performed well. Its FY2010-2019 charge-off rate of 4.4% is below the 7.1% overall figure, which is part of why lenders compete for it.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.