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NAICS 811412 · Other Services
SBA loans for appliance repair and maintenance
761 SBA loans worth $148.7M have been approved in this industry since FY2010 - the #248 most-financed NAICS code in the country.
Median loan
$119,200
-34% vs all industries
Typical range
$15K-$389K
Middle 80%
Median rate
8.25%
7(a) initial note rate
Median term
10 yr
Charge-off rate
16.6%
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 |
|---|---|---|---|
| United Midwest Savings Bank | 155 | $22.8M | |
| Wells Fargo Bank | 53 | $10.8M | |
| U.S. Bank | 59 | $7.9M | |
| JPMorgan Chase Bank | 39 | $5.7M | |
| First Bank of Central Ohio | 1 | $5.0M | |
| Empire State Certified Development Corporation | 1 | $4.8M | |
| Newtek Bank | 13 | $4.5M | |
| First Merchants Bank | 3 | $4.3M | |
| Byline Bank | 5 | $4.1M | |
| Business Finance Capital | 2 | $3.6M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 82 | |
| Florida | 68 | |
| Texas | 65 | |
| New York | 51 | |
| New Jersey | 30 | |
| Ohio | 24 | |
| Pennsylvania | 23 | |
| Georgia | 22 |
An SBA 7(a) lender for loans this size
88% of the SBA loans approved in appliance repair and maintenance 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 $50K32%
- $50K - $150K23%
- $150K - $350K33%
- $350K - $1M9%
- $1M - $2M2%
- Over $2M1%
Franchise brands in Appliance Repair and Maintenance
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Mr. Appliance | 138 | $25.7M | |
| Dryer Vent Wizard | 38 | $5.7M | |
| Dryer Vent Superheroes | 10 | $1.6M | |
| Bar-B-Clean | 2 | $176K | |
| Mr. Handyman | 1 | $125K | |
| Floor Coverings International | 1 | $150K | |
| Handyman Matters | 1 | $175K | |
| Aire Serv | 1 | $275K |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other other services industries
Common questions
- How much do SBA lenders typically lend to a appliance repair and maintenance business?
- The median SBA approval in NAICS 811412 is $119,200, with the middle 80% of loans between $15,000 and $389,100. Across all industries the median is $180,000.
- Which lenders are most active in appliance repair and maintenance?
- By dollars approved: United Midwest Savings Bank, Wells Fargo Bank, U.S. Bank, JPMorgan Chase Bank, First Bank of Central Ohio. 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 appliance repair and maintenance considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 16.6% 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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