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 increased by 71% year-over-year, reaching $6,503,400 in the trailing 12 months.
TD Bank, National Association leads this industry with 24 approvals (21% market share) and a median loan of $40,000.
The typical loan size for electronics stores has increased 105% — average median moving from $227,067 to $466,450.
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

↓ 4%loan volume YoY

↑ 71%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	24	$40,000	—	NY, FL, PA
2	THE Huntington National Bank	14	$75,000	—	MI, OH, IL
3	Bayfirst National Bank	11	$150,000	—	NY, FL, CA
4	Manufacturers AND Traders Trust Company	11	$75,000	—	NY, PA, CT
5	U.s. Bank, National Association	7	$100,000	—	IL, CA, CO
6	Newtek Small Business Finance, INC.	6	$1,000,000	—	WA, MO, FL
7	Wells Fargo Bank, National Association	5	$10,000	—	IL, FL, TX
8	BMO Bank, National Association	4	$350,000	—	WA, CA, CO
9	Village Bank AND Trust, National Association	4	$2,000,000	—	IL
10	Bankfirst Financial Services	3	$132,200	—	MS, AL
11	American Momentum Bank	3	$382,600	—	FL
12	Jpmorgan Chase Bank, National Association	3	$150,000	—	TX, WA
13	Oriental Bank	3	$100,000	—	PR
14	Cadence Bank	3	$350,000	—	OH, CA, MO
15	Bank OF America, National Association	2	$637,500	—	MA, VA
16	Customers Bank	2	$1,200,000	—	SC
17	Hanmi Bank	2	$1,485,000	—	CA, CO
18	Arizona Financial Credit Union	2	$278,000	—	NV, AZ
19	Regions Bank	2	$376,400	—	MO, GA
20	Five Star Bank	2	$350,000	—	CO

Recent SBA 7(a) approvals for Electronics Stores

Month	Lender	Borrower	Location	Amount
2024-10	Readycap Lending, LLC	Mon*****.C.	Louisville, KY	$50,000
2024-07	TD Bank, National Association	CEL*****LLC	SUNRISE, FL	$225,000
2024-06	TD Bank, National Association	Mr.*****LLC	DARBY, PA	$20,000
2024-06	TD Bank, National Association	Ret*****Inc	FARMINGVILLE, NY	$65,000
2024-05	Grasshopper Bank National Association	ROB*****LLC	FISHERS, IN	$1,383,000
2024-04	Cadence Bank	Moh*****LLC	LOUDONVILLE, OH	$200,000
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
2023-10	Freedom Bank	Mac*****nc.	KALISPELL, MT	$91,000
2023-10	Freedom Bank	Mac*****nc.	KALISPELL, MT	$182,000
2023-09	Security National Bank of Omaha	DAL*****INC	DALLAS, TX	$2,430,400
2023-09	TD Bank, National Association	Har*****orp	WEST HEMPSTEAD, NY	$25,000
2023-08	BayFirst National Bank	L'C*****nc.	BROOKLYN, NY	$150,000
2023-08	BayFirst National Bank	Dun*****nc.	PORTLAND, OR	$150,000
2023-08	TD Bank, National Association	Bet*****LLC	MALVERN, PA	$25,000
2023-08	TD Bank, National Association	Ret*****Inc	FARMINGVILLE, NY	$20,000
2023-08	TD Bank, National Association	Tec*****ers	ATHOL, MA	$40,000
2023-06	BayFirst National Bank	JZS*****NC.	BROOKLYN, NY	$150,000
2023-06	TD Bank, National Association	Cel*****LLC	BROOKLYN, NY	$250,000
2023-05	BayFirst National Bank	Sav*****LLC	CORAL SPRINGS, FL	$150,000
2023-04	TD Bank, National Association	Lim*****LLC	FLUSHING, NY	$100,000
2023-03	Newtek Small Business Finance, Inc.	Oop*****air	CHATTANOOGA, TN	$150,000
2023-03	TD Bank, National Association	TAL*****NC.	BROOKLYN, NY	$100,000
2023-02	Gulf Coast Bank and Trust Company	Ele*****Inc	Gainesville, FL	$441,400

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

Similar industries

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Gasoline Stations with Convenience Stores

NAICS 447 · 362 approvals

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, Bayfirst National Bank, and 17 more. TD Bank, National Association leads with 24 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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