Industries › Manufacturing › Apparel Manufacturing
NAICS 315Subsector0.2% of all approvals
SBA loans for apparel manufacturing
7(a) and 504 approvals to businesses SBA classifies under NAICS 315, with the lenders and states behind them.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 590 loans to businesses in apparel manufacturing (NAICS 315) in FY2021 to FY2025, worth $365M: 517 under 7(a) and 73 under 504.
That is 0.2% of all approvals. Set against the 4,337 establishments the Census Bureau counts in the industry, it comes to 136.0 approvals per 1,000 establishments; across all industries the figure is 41.0.
In FY2025 there were 172 approvals, up 26% on FY2024. The median 7(a) approval was $150K, against $190K for all industries.
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 9.8% as charged off, above the 6.6% for all industries.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Volume by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 55 | $20.6M | $100K | 7 | $11.6M | 62 | 819 |
| FY2025 | 161 | $74.0M | $175K | 11 | $16.5M | 172 | 1,855 |
| FY2024 | 126 | $44.5M | $150K | 10 | $21.5M | 136 | 1,582 |
| FY2023 | 109 | $44.2M | $150K | 8 | $5.6M | 117 | 1,101 |
| FY2022 | 68 | $35.8M | $150K | 26 | $44.2M | 94 | 1,539 |
| FY2021 | 53 | $51.0M | $536K | 18 | $27.5M | 71 | 1,661 |
| FY2020 | 58 | $31.7M | $200K | 22 | $32.2M | 80 | 933 |
| FY2019 | 93 | $47.0M | $150K | 7 | $6.8M | 100 | 1,276 |
| FY2018 | 107 | $41.1M | $125K | 18 | $25.4M | 125 | 1,470 |
| FY2017 | 130 | $72.7M | $101K | 9 | $5.2M | 139 | 2,042 |
| FY2016 | 132 | $81.4M | $143K | 22 | $24.6M | 154 | 2,498 |
SBA records the NAICS code in force when a loan was approved. The 2022 NAICS revision renumbered parts of retail trade and information, so some lines of business appear under one code before FY2023 and another after. FY2016–FY2020 approvals under this code: 598.
Within this subsector
| NAICS | Industry group | Approvals, FY2021–FY2025 | Share |
|---|---|---|---|
| 3159 | Apparel Accessories and Other Apparel Manufacturing | 361 | 61.2% |
| 3152 | Cut and Sew Apparel Manufacturing | 217 | 36.8% |
| 3151 | Apparel Knitting Mills | 12 | 2.0% |
Lenders most active in this industry
By number of approvals, FY2021–FY2025; 157 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Newtek Bank, National AssociationMiami, FL | 63 | $19.8M | 10.7% | |
| 2 | The Huntington National BankColumbus, OH | 51 | $9.7M | 8.6% | |
| 3 | Readycap Lending, LLCBerkeley Heights, NJ | 33 | $10.8M | 5.6% | |
| 4 | Northeast BankLewiston, ME | 25 | $4.4M | 4.2% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 22 | $7.8M | 3.7% | |
| 6 | TD Bank, National AssociationWilmington, DE | 20 | $9.1M | 3.4% | |
| 7 | Celtic Bank CorporationSalt Lake City, UT | 19 | $6.2M | 3.2% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 16 | $2.7M | 2.7% | |
| 9 | Business Finance CapitalLos Angeles, CA · CDC | 15 | $30.7M | 2.5% | |
| 10 | U.S. Bank, National AssociationCincinnati, OH | 14 | $1.6M | 2.4% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 9 | $11.9M | 1.5% | |
| 12 | Lendistry SBLC, LLCLos Angeles, CA | 9 | $1.4M | 1.5% | |
| 13 | Mortgage Capital Development CorporationOakland, CA · CDC | 8 | $15.5M | 1.4% | |
| 14 | KeyBank National AssociationCleveland, OH | 8 | $1.9M | 1.4% | |
| 15 | Zions Bank, A Division ofSalt Lake City, UT | 7 | $8.4M | 1.2% | |
| 16 | JPMorgan Chase Bank, National AssociationColumbus, OH | 7 | $2.1M | 1.2% | |
| 17 | Enterprise Bank & TrustClayton, MO | 6 | $13.5M | 1.0% | |
| 18 | Midwest Business Finance CorporationSt. Cloud, MN · CDC | 6 | $10.7M | 1.0% | |
| 19 | CDC Small Business Finance Corp.San Diego, CA · CDC | 6 | $9.3M | 1.0% | |
| 20 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 6 | $6.0M | 1.0% |
States
| # | State of the business | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 164 | $148M | 27.8% | |
| 2 | New York | 51 | $16.6M | 8.6% | |
| 3 | Texas | 34 | $21.9M | 5.8% | |
| 4 | Florida | 31 | $10.4M | 5.3% | |
| 5 | Ohio | 28 | $3.9M | 4.7% | |
| 6 | Minnesota | 27 | $18.9M | 4.6% | |
| 7 | New Jersey | 22 | $20.5M | 3.7% | |
| 8 | Michigan | 18 | $5.1M | 3.1% | |
| 9 | Georgia | 17 | $11.8M | 2.9% | |
| 10 | Illinois | 15 | $7.4M | 2.5% | |
| 11 | Utah | 12 | $7.5M | 2.0% | |
| 12 | Oregon | 11 | $6.0M | 1.9% | |
| 13 | Colorado | 11 | $5.8M | 1.9% | |
| 14 | Massachusetts | 11 | $1.5M | 1.9% | |
| 15 | Indiana | 10 | $3.4M | 1.7% |
Franchise brands
0.7% of approvals carried a franchise code.
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Big Frog Custom T-Shirts & More | 2 | 0.3% | |
| 2 | Fully Promoted a | 1 | 0.2% | |
| 3 | Pearce Bespoke | 1 | 0.2% |
Approval sizes
- $50,000 or less21.0%124
- $50,001 to $150,00023.1%136
- $150,001 to $350,00021.4%126
- $350,001 to $1 million17.8%105
- $1 million to $2 million7.5%44
- Over $2 million9.3%55
Age of the businesses
- Existing, more than 2 years old74.4%439
- New business, 2 years or less14.6%86
- Startup, loan funds will open the business5.1%30
- Change of ownership5.9%35
Charge-offs against all industries
| Loans approved FY2010–FY2021 | This industry, 7(a) | All 7(a) | This industry, 504 | All 504 |
|---|---|---|---|---|
| Approvals in these years | 1,336 | 639,905 | 227 | 85,591 |
| Cancelled or never disbursed | 158 | 79,313 | 27 | 12,514 |
| Disbursed loans | 1,178 | 560,592 | 200 | 73,077 |
| Paid in full | 931 | 435,813 | 121 | 35,491 |
| Charged off | 116 | 36,891 | 6 | 905 |
| Still outstanding (status exempt from disclosure) | 131 | 87,888 | 73 | 36,681 |
| Charged off, share of disbursed loans | 9.8% | 6.6% | 3.0% | 1.2% |
| Dollars charged off, share of disbursed dollars | 3.6% | 2.5% | 2.4% | 0.9% |
| Dollars charged off | $18.9M | $5.70bn | $5.4M | $499M |
Against all industries
| FY2021–FY2025 | NAICS 315 | All industries |
|---|---|---|
| Median 7(a) approval | $150K | $190K |
| Median 504 approval | $1.0M | $657K |
| Average approval | $618K | $573K |
| Approvals per 1,000 establishments | 136.0 | 41.0 |
| Approvals to franchise businesses | 0.7% | 11.2% |
| Jobs supported per approval, as reported | 13.1 | 10.5 |
Questions and answers
Which lenders make the most SBA loans for apparel manufacturing?
By approvals in FY2021 to FY2025: Newtek Bank, National Association (63), The Huntington National Bank (51), Readycap Lending, LLC (33), Northeast Bank (25), BayFirst National Bank (22). 157 lenders had at least one.
How large are typical SBA loans for apparel manufacturing?
The median 7(a) approval was $150K and the median 504 approval $1.0M; the average across both programs was $618K.
What share of SBA loans for apparel manufacturing are charged off?
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 9.8% are recorded as charged off, against 6.6% for all industries; for 504 loans, 3.0% against 1.2%.
Which states have the most SBA loans for apparel manufacturing?
California (164), New York (51), Texas (34), Florida (31), Ohio (28).
Is SBA lending for apparel manufacturing rising?
Approvals in the three latest complete fiscal years total 425, against 245 in the three before: rising (+73%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error