How much do SBA lenders typically lend to a department stores business?

The median SBA approval in NAICS 452111 is $25,000, with the middle 80% of loans between $10,000 and $207,000. Across all industries the median is $180,000.

Which lenders are most active in department stores?

By dollars approved: Old National Bank, U.S. Bank, JPMorgan Chase Bank, PNC Bank, Seacoast 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 department stores considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 13.1% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

NAICS 452111 · Retail

SBA loans for department stores

116 SBA loans worth $13.6M have been approved in this industry since FY2010 - the #658 most-financed NAICS code in the country.

Median loan

$25,000

-86% vs all industries

Typical range

$10K-$207K

Middle 80%

Median rate

7.50%

7(a) initial note rate

Median term

7 yr

Charge-off rate

13.1%

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
Old National Bank	2	$2.7M
U.S. Bank	4	$2.4M
JPMorgan Chase Bank	43	$1.5M
PNC Bank	37	$1.3M
Seacoast National Bank	1	$1.3M
Intermountain Business Lending, Inc.	1	$907K
Wells Fargo Bank	1	$740K
Colony Bank	1	$454K
UMB Bank	1	$350K
Arizona Capital Source	1	$260K

Geography

Where these loans were made

State	Loans	Share
Texas	33
California	15
New York	12
Arizona	8
Ohio	7
Minnesota	7
Utah	3
Washington	3

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’21

’24

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
66%
$50K - $150K
22%
$150K - $350K
5%
$350K - $1M
5%
$1M - $2M
1%
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 department stores business?: The median SBA approval in NAICS 452111 is $25,000, with the middle 80% of loans between $10,000 and $207,000. Across all industries the median is $180,000.
Which lenders are most active in department stores?: By dollars approved: Old National Bank, U.S. Bank, JPMorgan Chase Bank, PNC Bank, Seacoast 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 department stores considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 13.1% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

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