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NAICS 444130 · Retail

SBA loans for hardware stores

2,000 SBA loans worth $1.03B have been approved in this industry since FY2010 - the #117 most-financed NAICS code in the country.

Median loan

$301,900

+68% vs all industries

Typical range

$40K-$1.3M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

10 yr

Charge-off rate

7.2%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

LenderLoansApprovedShare
Wells Fargo Bank132$98.1M
The Huntington National Bank137$45.5M
Newtek Small Business Finance, Inc.68$45.3M
Live Oak Banking Company30$34.5M
National Cooperative Bank36$33.6M
PNC Bank44$25.2M
U.S. Bank52$21.5M
JPMorgan Chase Bank61$20.7M
Byline Bank13$19.5M
Celtic Bank Corporation16$16.7M

Geography

Where these loans were made

StateLoansShare
California175
Ohio123
Texas105
Michigan104
Minnesota100
New York94
Wisconsin85
Florida72

An SBA 7(a) lender for loans this size

53% of the SBA loans approved in hardware stores since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.

Check options with SmartBiz

We may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.

Approvals by fiscal year

 
’11
 
’13
 
’15
 
’17
 
’19
 
’21
 
’23
 
’25

Loan count. Final bar is a partial fiscal year.

Loan sizes

  • Under $50K
    11%
  • $50K - $150K
    20%
  • $150K - $350K
    22%
  • $350K - $1M
    32%
  • $1M - $2M
    11%
  • Over $2M
    4%

Franchise brands in Hardware Stores

Franchise brandLoansApprovedShare
Ace Hardware593$438.4M
True Value Hardware97$52.9M
Hardware Hank48$14.1M
True Value Company LLC41$28.6M
Do IT Best Hardware36$20.4M
Do it Best33$25.9M
Woodcraft15$8.6M
Snap-on Tools7$1.1M
Matco Tools4$238K
Snap-On4$634K

Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.

Nearby

Other retail industries

See the sector
Gasoline Stations with Convenience Stores9,734 · $788,400Beer, Wine, and Liquor Stores8,158 · $300,000Supermarkets and Other Grocery Retailers7,314 · $350,000Pharmacies and Drug Stores4,651 · $350,000Convenience Stores4,629 · $179,100Used Car Dealers4,422 · $227,750Automotive Parts and Accessories Stores2,779 · $181,100Beer, Wine, and Liquor Retailers2,760 · $500,000

Common questions

How much do SBA lenders typically lend to a hardware stores business?
The median SBA approval in NAICS 444130 is $301,900, with the middle 80% of loans between $40,000 and $1,257,000. Across all industries the median is $180,000.
Which lenders are most active in hardware stores?
By dollars approved: Wells Fargo Bank, The Huntington National Bank, Newtek Small Business Finance, Inc., Live Oak Banking Company, National Cooperative Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is hardware stores considered a risky industry by SBA lenders?
Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.2% were charged off, versus 7.6% across all SBA lending. That is close to average.

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