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NAICS 532220 · Real Estate
SBA loans for formal wear and costume rental
56 SBA loans worth $18.2M have been approved in this industry since FY2010 - the #825 most-financed NAICS code in the country.
Median loan
$150,000
-17% vs all industries
Typical range
$55K-$650K
Middle 80%
Median rate
5.75%
7(a) initial note rate
Median term
5.6 yr
Charge-off rate
24.0%
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 | Share |
|---|---|---|---|
| Stearns Bank | 14 | $4.9M | |
| The Huntington National Bank | 2 | $2.7M | |
| NBT Bank | 2 | $2.1M | |
| Liberty National Bank | 4 | $1.9M | |
| Enterprise Bank & Trust | 1 | $1.8M | |
| First Business Bank | 3 | $1.3M | |
| JPMorgan Chase Bank | 6 | $616K | |
| Florida Business Development Corporation | 1 | $507K | |
| Firstar Bank | 2 | $395K | |
| Garden Plain State Bank | 1 | $250K |
An SBA 7(a) lender for loans this size
73% of the SBA loans approved in formal wear and costume rental 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 SmartBizWe 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
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K11%
- $50K - $150K36%
- $150K - $350K27%
- $350K - $1M18%
- $1M - $2M7%
- Over $2M2%
Nearby
Other real estate industries
Common questions
- How much do SBA lenders typically lend to a formal wear and costume rental business?
- The median SBA approval in NAICS 532220 is $150,000, with the middle 80% of loans between $55,000 and $650,000. Across all industries the median is $180,000.
- Which lenders are most active in formal wear and costume rental?
- By dollars approved: Stearns Bank, The Huntington National Bank, NBT Bank, Liberty National Bank, Enterprise Bank & Trust. 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 formal wear and costume rental considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 24.0% 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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