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NAICS sector 45

Retail Trade

Name: SBA lending in Retail Trade
Creator: U.S. Small Business Administration
License: https://www.usa.gov/government-works

44,673 SBA loans worth $18.19B across 52 industries in this sector.

Loans

44,673

Approved

$18.19B

Median loan

$145,000

Median term

10 yr

Charge-off rate

9.9%

vs 7.6% all sectors

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.

Inside the sector

All 52 industries

Industry	NAICS	Loans	Median loan	Median rate	Charge-off
All Other Miscellaneous Store Retailers	453998	4,300	$107,450	6.00%	9.8%
Sporting Goods Stores	451110	3,679	$121,000	6.00%	10.4%
Gasoline Stations with Convenience Stores	457110	2,813	$1,292,200	9.25%	-
Electronic Shopping and Mail-Order Houses	454110	2,417	$100,000	7.75%	17.1%
Clothing and Clothing Accessories Retailers	458110	2,378	$135,000	10.50%	-
Other Direct Selling Establishments	454390	2,300	$150,000	6.00%	9.1%
Electronic Shopping	454111	2,110	$50,000	7.30%	11.9%
All Other Miscellaneous Retailers	459999	1,536	$150,000	10.50%	-
Gift, Novelty, and Souvenir Stores	453220	1,534	$75,000	6.25%	8.7%
Pet and Pet Supplies Stores	453910	1,421	$150,000	6.00%	10.2%
All Other General Merchandise Retailers	455219	1,358	$125,750	10.50%	-
Vending Machine Operators	454210	1,217	$104,000	6.00%	7.8%
Florists	453110	1,204	$72,000	6.00%	8.3%
Pharmacies and Drug Retailers	456110	1,177	$365,000	10.00%	-
Used Merchandise Stores	453310	1,142	$100,000	6.00%	8.9%
Sporting Goods Retailers	459110	1,076	$162,500	10.00%	-
Hobby, Toy, and Game Stores	451120	954	$75,000	6.35%	10.3%
All Other General Merchandise Stores	452990	843	$80,000	6.00%	9.4%
Cosmetics, Beauty Supplies, and Perfume Retailers	456120	785	$150,000	10.50%	-
Tobacco Stores	453991	699	$61,300	6.25%	9.5%
Hobby, Toy, and Game Retailers	459120	699	$150,000	10.25%	-
Musical Instrument and Supplies Stores	451140	653	$126,000	6.00%	6.2%
Jewelry Retailers	458310	589	$150,000	10.50%	-
Office Supplies and Stationery Stores	453210	575	$146,000	6.00%	9.3%
Pet and Pet Supplies Retailers	459910	555	$248,800	10.00%	-
Gift, Novelty, and Souvenir Retailers	459420	544	$102,750	10.25%	-
Florists	459310	526	$140,000	9.99%	-
Used Merchandise Retailers	459510	468	$150,000	10.25%	-
Art Dealers	453920	439	$100,000	6.50%	5.3%
Sewing, Needlework, and Piece Goods Stores	451130	418	$68,400	6.25%	7.3%
Fuel Dealers	454310	376	$129,500	5.56%	1.5%
All Other Health and Personal Care Retailers	456199	371	$150,000	10.25%	-
Book Stores	451211	370	$61,250	6.25%	11.3%
Food (Health) Supplement Retailers	456191	331	$150,000	10.50%	-
All Other General Merchandise Stores	452319	281	$100,000	6.50%	12.2%
Book Retailers and News Dealers	459210	254	$100,000	10.25%	-
Shoe Retailers	458210	248	$200,000	10.25%	-
Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers	459991	238	$150,000	10.25%	-
Musical Instrument and Supplies Retailers	459140	180	$150,000	10.00%	-
Sewing, Needlework, and Piece Goods Retailers	459130	162	$120,000	10.00%	-
Art Dealers	459920	153	$150,000	10.75%	-
Heating Oil Dealers	454311	144	$122,500	5.98%	10.3%
Mail-Order Houses	454113	120	$111,250	6.25%	10.4%
Department Stores	452111	116	$25,000	7.50%	13.1%
Department Stores	455110	112	$177,500	10.75%	-
Optical Goods Retailers	456130	107	$150,000	10.00%	-
Office Supplies and Stationery Retailers	459410	105	$266,000	9.75%	-
Fuel Dealers	457210	97	$210,000	9.75%	-
Electronic Auctions	454112	84	$56,500	6.50%	16.1%
Other Gasoline Stations	457120	78	$505,000	9.75%	-
Manufactured (Mobile) Home Dealers	453930	53	$110,000	6.00%	10.5%
Discount Department Stores	452112	51	$42,200	6.56%	12.8%

Lenders

Most active in this sector

Lender	Loans	Approved
The Huntington National Bank	3,197	$687.2M
Wells Fargo Bank	3,462	$644.6M
Celtic Bank Corporation	834	$629.1M
Readycap Lending, LLC	781	$468.3M
U.S. Bank	1,835	$468.3M
Live Oak Banking Company	280	$368.5M
Byline Bank	293	$332.6M
JPMorgan Chase Bank	1,953	$327.3M
Mortgage Capital Development Corporation	213	$282.2M
Open Bank	135	$244.3M

Approvals by fiscal year

’10

’12

’14

’16

’18

’20

’22

’24

’26

Gross approval dollars. Final bar is a partial fiscal year.

An SBA 7(a) lender for loans this size

71% of the SBA loans approved in the retail sector 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 SmartBiz

We 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.

By state

Retail SBA lending in 54 states

Each state page lists the lenders and industries behind the sector's loans there. States with fewer than 20 loans in the sector have no page.

California13,594 · $392,000 Texas6,759 · $350,000 New York6,373 · $150,000 Florida4,355 · $280,000 Ohio3,868 · $75,000 Georgia3,596 · $614,200 Michigan3,529 · $200,000 Illinois2,834 · $350,000 New Jersey2,831 · $315,000 Washington2,730 · $425,000 Massachusetts2,699 · $100,000 Colorado2,605 · $378,000 Pennsylvania2,590 · $175,000 Minnesota2,478 · $192,000 Wisconsin2,223 · $300,000 North Carolina1,631 · $262,800 Indiana1,598 · $250,000 Utah1,588 · $250,000 Missouri1,543 · $230,000 Arizona1,394 · $350,000 Oregon1,389 · $256,500 Puerto Rico1,331 · $50,000 Maryland1,220 · $200,000 Connecticut1,217 · $150,000 Virginia1,116 · $211,500 Tennessee865 · $285,000 New Hampshire825 · $120,000 Alabama782 · $325,000 Oklahoma782 · $257,250 South Carolina775 · $350,000 Kentucky760 · $150,000 Idaho759 · $198,000 Iowa751 · $200,000 Louisiana747 · $200,000 Kansas669 · $216,000 Nevada665 · $333,000 Mississippi619 · $150,000 Maine604 · $148,500 Nebraska557 · $150,000 Rhode Island505 · $150,000 Arkansas445 · $250,000 Montana424 · $219,500 South Dakota364 · $265,000 Vermont361 · $100,000 New Mexico359 · $230,000 Hawaii323 · $50,000 North Dakota315 · $200,000 Delaware262 · $80,500 District of Columbia244 · $350,000 West Virginia224 · $138,700 Alaska205 · $350,000 Wyoming148 · $293,700 Guam86 · $100,000 U.S. Virgin Islands23 · $150,000

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