How much do SBA lenders typically lend to a musical instrument and supplies stores business?

The median SBA approval in NAICS 451140 is $126,000, with the middle 80% of loans between $20,000 and $637,500. Across all industries the median is $180,000.

Which lenders are most active in musical instrument and supplies stores?

By dollars approved: Wells Fargo Bank, JPMorgan Chase Bank, The Huntington National Bank, Live Oak Banking Company, Old National 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 musical instrument and supplies stores considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 6.2% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 451140 · Retail

SBA loans for musical instrument and supplies stores

653 SBA loans worth $176.8M have been approved in this industry since FY2010 - the #284 most-financed NAICS code in the country.

Median loan

$126,000

-30% vs all industries

Typical range

$20K-$638K

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

10 yr

Charge-off rate

6.2%

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

Lender	Loans	Approved
Wells Fargo Bank	55	$11.5M
JPMorgan Chase Bank	35	$8.8M
The Huntington National Bank	40	$8.2M
Live Oak Banking Company	6	$7.0M
Old National Bank	10	$6.9M
U.S. Bank	34	$5.5M
KeyBank	10	$5.3M
Amplio Economic Development Corporation	1	$4.2M
Bank Five Nine	3	$3.5M
PNC Bank	19	$3.4M

Geography

Where these loans were made

State	Loans	Share
California	70
Texas	40
New York	38
Ohio	29
Utah	28
Minnesota	27
Massachusetts	24
Colorado	23

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
27%
$50K - $150K
26%
$150K - $350K
26%
$350K - $1M
17%
$1M - $2M
4%
Over $2M
2%

Nearby

Other retail industries

See the sector

All Other Miscellaneous Store Retailers4,300 · $107,450 Sporting Goods Stores3,679 · $121,000 Gasoline Stations with Convenience Stores2,813 · $1,292,200 Electronic Shopping and Mail-Order Houses2,417 · $100,000 Clothing and Clothing Accessories Retailers2,378 · $135,000 Other Direct Selling Establishments2,300 · $150,000 Electronic Shopping2,110 · $50,000 All Other Miscellaneous Retailers1,536 · $150,000

Common questions

How much do SBA lenders typically lend to a musical instrument and supplies stores business?: The median SBA approval in NAICS 451140 is $126,000, with the middle 80% of loans between $20,000 and $637,500. Across all industries the median is $180,000.
Which lenders are most active in musical instrument and supplies stores?: By dollars approved: Wells Fargo Bank, JPMorgan Chase Bank, The Huntington National Bank, Live Oak Banking Company, Old National 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 musical instrument and supplies stores considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 6.2% were charged off, versus 7.6% across all SBA lending. That is close to average.

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