SBA Loans for Electronics Stores: Top Lenders & Recent Approvals

NAICS 443

NAICS 443 covers electronics stores businesses. Based on historical SBA 7(a) lending data.

Total Approvals

for Electronics Stores

Median Loan Size

$150,000

per approval

Recent Activity

last 90 days through Apr 2024

NAICS 443 covers electronics stores businesses. This is a smaller category in SBA 7(a) lending with 46 approvals on record and a median loan size of $150,000.

Key trends & insights

Total SBA dollars flowing into this industry decreased by 16% year-over-year, reaching $9,412,800 in the trailing 12 months.
TD Bank, National Association leads this industry with 8 approvals (20% market share) and a median loan of $40,000.
The typical loan size for electronics stores has decreased 36% — average median moving from $529,392 to $337,425.
Electronics Stores loans skew smaller than the SBA average at $150,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
SBA data for this industry goes through 2024-04-04 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Lending trends for Electronics Stores

↑ 0%loan volume YoY

↓ 16%dollar volume YoY

Total loaned ($)

Median loan size

Top lenders by historical volume

#	Lender	Approvals	Median Size	Recent	Top States
1	TD Bank, National Association	8	$40,000	—	MA, NY, NJ
2	THE Huntington National Bank	4	$100,000	—	MI, IL, OH
3	U.s. Bank, National Association	3	$50,000	—	CA, CO, TN
4	Bayfirst National Bank	3	$150,000	—	MA, NY, CO
5	Manufacturers AND Traders Trust Company	3	$15,000	—	PA, DE, NY
6	Wells Fargo Bank, National Association	2	$900,000	—	IL, FL
7	Customers Bank	2	$1,200,000	—	SC
8	Hanmi Bank	2	$1,485,000	—	CA, CO
9	American Momentum Bank	2	$1,000,000	—	FL
10	Southstate Bank, National Association	1	$82,500	—	TX
11	Nicolet National Bank	1	$500,000	—	MI
12	Lincoln Savings Bank	1	$500,000	—	IA
13	Bank OF America, National Association	1	$637,500	—	MA
14	East West Bank	1	$3,320,000	—	NY
15	Bankfirst Financial Services	1	$117,700	—	AL
16	Zions Bank, A Division OF	1	$150,000	—	NM
17	America First FCU	1	$1,980,300	—	UT
18	Arizona Financial Credit Union	1	$278,000	—	NV
19	Kensington Bank	1	$150,000	—	MN
20	Mountain Bizcapital, INC.	1	$125,000	—	NC

Recent SBA 7(a) approvals for Electronics Stores

Month	Lender	Borrower	Location	Amount
2024-04	TD Bank, National Association	Noa*****orp	UNION CITY, NJ	$25,000
2024-02	Milestone Bank	Sys*****nc.	LEBANON, NH	$522,000
2024-02	TD Bank, National Association	ALL*****INC	MONROE, NY	$250,000
2023-08	BayFirst National Bank	L'C*****nc.	BROOKLYN, NY	$150,000
2023-08	TD Bank, National Association	Tec*****ers	ATHOL, MA	$40,000
2023-02	BayFirst National Bank	Whe*****orp	COLORADO SPRINGS, CO	$150,000
2022-12	TD Bank, National Association	Pat*****LLC	MARIETTA, PA	$100,000
2022-12	Bank of America, National Association	W.T*****nc.	HADLEY, MA	$637,500
2022-08	BayFirst National Bank	A C*****LLC	NORTH DARTMOUTH, MA	$150,000
2022-07	Manufacturers and Traders Trust Company	TOD*****LES	SHREWSBURY, PA	$15,000
2022-06	First Financial Bank	Bea*****nc.	DAYTON, OH	$239,700
2022-01	Kensington Bank	The*****INC	WAITE PARK, MN	$150,000
2022-01	Mountain Bizcapital, Inc.	Nev*****LLC	Asheville, NC	$125,000
2021-12	TD Bank, National Association	Gre*****orp	BROOKLYN, NY	$25,000
2021-12	Lincoln Savings Bank	Qui*****LLC	Cedar Falls, IA	$500,000
2021-11	ConnectOne Bank	Bak*****LLC	RIO RANCHO, NM	$317,400
2021-08	U.S. Bank, National Association	ELI*****LLC	LOS ANGELES, CA	$1,192,500
2021-08	East West Bank	WT *****nc.	BROOKLYN, NY	$3,320,000
2021-08	Primis Bank	Mer*****LLC	ELKTON, VA	$126,000
2021-08	BankFirst Financial Services	Har*****LLC	HOOVER, AL	$117,700
2021-08	Customers Bank	O&#*****LLC	Hilton Head Island, SC	$1,200,000
2021-08	Customers Bank	O&#*****LLC	Hilton Head Island, SC	$60,000
2021-06	UMB Bank, National Association	GUL*****CO.	ROCKFORD, IL	$495,000
2021-06	Manufacturers and Traders Trust Company	EZ *****INC	Spring Valley, NY	$75,000
2021-05	Zions Bank, A Division of	Nex*****nc.	Farmington, NM	$150,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

Activity by state

NY5 FL4 MA4 CO3 IL3 MI3 NJ2 CA2 PA2 SC2 TX2 UT1 VA1 AL1 WA1 DE1 IA1 MN1 MO1 NC1 NH1 NM1 NV1 OH1 TN1

Less active

More active

State-by-state breakdown

#	State	Approvals	Median Size	#1 Lender
1	New York	5	$150,000	TD Bank, National Association2 approvals
2	Florida	4	$187,500	American Momentum Bank2 approvals
3	Massachusetts	4	$95,000	TD Bank, National Association2 approvals
4	Colorado	3	$150,000	Bayfirst National Bank1 approvals
5	Illinois	3	$495,000	THE Huntington National Bank1 approvals
6	Michigan	3	$500,000	THE Huntington National Bank2 approvals
7	New Jersey	2	$262,500	TD Bank, National Association2 approvals
8	California	2	$1,333,750	U.s. Bank, National Association1 approvals
9	Pennsylvania	2	$57,500	Manufacturers AND Traders Trust Company1 approvals
10	South Carolina	2	$630,000	Customers Bank2 approvals
11	Texas	2	$71,550	Southstate Bank, National Association1 approvals
12	Utah	1	$1,980,300	America First FCU1 approvals
13	Virginia	1	$126,000	Primis Bank1 approvals
14	Alabama	1	$117,700	Bankfirst Financial Services1 approvals
15	Washington	1	$350,000	BMO Bank, National Association1 approvals
16	Delaware	1	$15,000	Manufacturers AND Traders Trust Company1 approvals
17	Iowa	1	$500,000	Lincoln Savings Bank1 approvals
18	Minnesota	1	$150,000	Kensington Bank1 approvals
19	Missouri	1	$376,400	Regions Bank1 approvals
20	North Carolina	1	$125,000	Mountain Bizcapital, INC.1 approvals
21	New Hampshire	1	$522,000	Milestone Bank1 approvals
22	New Mexico	1	$150,000	Zions Bank, A Division OF1 approvals
23	Nevada	1	$278,000	Arizona Financial Credit Union1 approvals
24	Ohio	1	$239,700	First Financial Bank1 approvals
25	Tennessee	1	$50,000	U.s. Bank, National Association1 approvals

SBA loans for Electronics Stores by state

Electronics Stores in New York5 approvals Electronics Stores in Florida4 approvals Electronics Stores in Massachusetts4 approvals Electronics Stores in Colorado3 approvals Electronics Stores in Illinois3 approvals Electronics Stores in Michigan3 approvals Electronics Stores in New Jersey2 approvals Electronics Stores in California2 approvals Electronics Stores in Pennsylvania2 approvals Electronics Stores in South Carolina2 approvals

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NAICS 449

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Frequently asked questions about SBA loans for Electronics Stores

Who are the top SBA lenders for Electronics Stores?▾

Based on historical SBA 7(a) data, the most active lenders for Electronics Stores (NAICS 443) include TD Bank, National Association, THE Huntington National Bank, U.s. Bank, National Association, and 17 more. TD Bank, National Association leads with 8 approved loans.

What is the typical SBA loan size for Electronics Stores?▾

The median SBA 7(a) loan amount for Electronics Stores businesses is $150,000, based on 46 total approved loans in the dataset.

Which states have the most SBA lending activity for Electronics Stores?▾

New York leads with 5 SBA 7(a) approvals for Electronics Stores, followed by Florida (4) and Massachusetts (4).

How do I find the best SBA lender for my electronics stores business?▾

Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 443. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.

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