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.

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
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

Geography

Where these loans were made

State	Loans	Share
Minnesota	13
New York	5
Wisconsin	4
Missouri	4
Iowa	4
Louisiana	3
California	3
Michigan	3

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
11%
$50K - $150K
36%
$150K - $350K
27%
$350K - $1M
18%
$1M - $2M
7%
Over $2M
2%

Nearby

Other real estate industries

See the sector

Offices of Real Estate Agents and Brokers4,900 · $100,000 Lessors of Miniwarehouses and Self-Storage Units3,561 · $839,000 Lessors of Nonresidential Buildings3,432 · $515,000 Residential Property Managers2,560 · $150,000 Other Activities Related to Real Estate2,207 · $200,000 Other Commercial and Industrial Machinery and Equipment Rental and Leasing1,472 · $282,500 Nonresidential Property Managers705 · $221,000 General Rental Centers690 · $270,000

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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