Industries › Retail Trade › Furniture, Home Furnishings, Electronics, and Appliance Retailers
NAICS 449Subsector0.6% of all approvals
SBA loans for furniture, home furnishings, electronics, and appliance retailers
7(a) and 504 approvals to businesses SBA classifies under NAICS 449, 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 1,928 loans to businesses in furniture, home furnishings, electronics, and appliance retailers (NAICS 449) in FY2021 to FY2025, worth $1.03bn: 1,736 under 7(a) and 192 under 504.
That is 0.6% of all approvals.
In FY2025 there were 626 approvals, about level with FY2024. The median 7(a) approval was $195K, against $190K for all industries, and 13.0% of approvals went to franchise businesses.
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* | 301 | $164M | $250K | 45 | $68.7M | 346 | 2,255 |
| FY2025 | 566 | $251M | $207K | 60 | $62.5M | 626 | 4,378 |
| FY2024 | 549 | $235M | $150K | 47 | $57.1M | 596 | 3,650 |
| FY2023 | 437 | $218M | $183K | 37 | $39.3M | 474 | 3,517 |
| FY2022 | 183 | $108M | $250K | 48 | $52.5M | 231 | 1,548 |
| FY2021 | 1 | — | — | 0 | — | 1 | 3 |
| FY2020 | 0 | — | — | 0 | — | 0 | 0 |
| FY2019 | 1 | — | — | 0 | — | 1 | 10 |
| FY2018 | 2 | — | — | 0 | — | 2 | 5 |
| FY2017 | 1 | — | — | 0 | — | 1 | 1 |
| FY2016 | 1 | — | — | 0 | — | 1 | 2 |
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: 5.
Within this subsector
| NAICS | Industry group | Approvals, FY2021–FY2025 | Share |
|---|---|---|---|
| 4491 | Furniture and Home Furnishings Retailers | 1,429 | 74.1% |
| 4492 | Electronics and Appliance Retailers | 499 | 25.9% |
Lenders most active in this industry
By number of approvals, FY2021–FY2025; 370 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 193 | $46.5M | 10.0% | |
| 2 | Northeast BankLewiston, ME | 100 | $17.6M | 5.2% | |
| 3 | U.S. Bank, National AssociationCincinnati, OH | 82 | $18.0M | 4.3% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 72 | $13.5M | 3.7% | |
| 5 | TD Bank, National AssociationWilmington, DE | 67 | $14.0M | 3.5% | |
| 6 | United Midwest Savings Bank National AssociationDe Graff, OH | 61 | $11.1M | 3.2% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 58 | $26.2M | 3.0% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 55 | $23.5M | 2.9% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 50 | $22.7M | 2.6% | |
| 10 | JPMorgan Chase Bank, National AssociationColumbus, OH | 50 | $16.3M | 2.6% | |
| 11 | Manufacturers and Traders Trust CompanyBuffalo, NY | 44 | $4.6M | 2.3% | |
| 12 | First Bank of the LakeOsage Beach, MO | 37 | $11.1M | 1.9% | |
| 13 | Celtic Bank CorporationSalt Lake City, UT | 31 | $9.7M | 1.6% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 30 | $38.4M | 1.6% | |
| 15 | Lendistry SBLC, LLCLos Angeles, CA | 25 | $4.9M | 1.3% | |
| 16 | Bank of America, National AssociationCharlotte, NC | 24 | $17.5M | 1.2% | |
| 17 | Zions Bank, A Division ofSalt Lake City, UT | 24 | $6.6M | 1.2% | |
| 18 | Columbia BankLake Oswego, OR | 22 | $11.1M | 1.1% | |
| 19 | Mortgage Capital Development CorporationOakland, CA · CDC | 16 | $22.8M | 0.8% | |
| 20 | SouthState Bank, National AssociationWinter Haven, FL | 16 | $6.6M | 0.8% |
States
| # | State of the business | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 222 | $144M | 11.5% | |
| 2 | Florida | 172 | $100M | 8.9% | |
| 3 | New York | 164 | $67.8M | 8.5% | |
| 4 | Texas | 115 | $65.9M | 6.0% | |
| 5 | Ohio | 83 | $16.4M | 4.3% | |
| 6 | North Carolina | 74 | $46.4M | 3.8% | |
| 7 | New Jersey | 69 | $50.3M | 3.6% | |
| 8 | Michigan | 68 | $24.5M | 3.5% | |
| 9 | Georgia | 58 | $39.2M | 3.0% | |
| 10 | Arizona | 54 | $36.3M | 2.8% | |
| 11 | Pennsylvania | 49 | $31.5M | 2.5% | |
| 12 | Illinois | 48 | $29.9M | 2.5% | |
| 13 | Colorado | 48 | $25.9M | 2.5% | |
| 14 | Utah | 45 | $30.3M | 2.3% | |
| 15 | Minnesota | 45 | $28.3M | 2.3% |
Franchise brands
13.0% of approvals carried a franchise code.
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Budget Blinds | 72 | 3.7% | |
| 2 | Floor Coverings International | 41 | 2.1% | |
| 3 | Gotcha Covered | 19 | 1.0% | |
| 4 | Bumble Bee Blinds | 17 | 0.9% | |
| 5 | PayMore Stores | 12 | 0.6% | |
| 6 | CoolVu | 11 | 0.6% | |
| 7 | Bloomin Blinds | 11 | 0.6% | |
| 8 | Snooze Mattress CO. | 8 | 0.4% | |
| 9 | Carpet One Floor & Home | 7 | 0.4% | |
| 10 | Batteries Plus | 7 | 0.4% |
Approval sizes
- $50,000 or less18.3%352
- $50,001 to $150,00025.5%491
- $150,001 to $350,00020.4%393
- $350,001 to $1 million21.3%411
- $1 million to $2 million8.6%166
- Over $2 million6.0%115
Age of the businesses
- Existing, more than 2 years old60.2%1,160
- New business, 2 years or less13.4%259
- Startup, loan funds will open the business15.2%293
- Change of ownership11.1%214
- Not answered0.1%2
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 | 6 | 639,905 | 0 | 85,591 |
| Cancelled or never disbursed | 0 | 79,313 | 0 | 12,514 |
| Disbursed loans | 6 | 560,592 | 0 | 73,077 |
| Paid in full | 3 | 435,813 | 0 | 35,491 |
| Charged off | 0 | 36,891 | 0 | 905 |
| Still outstanding (status exempt from disclosure) | 3 | 87,888 | 0 | 36,681 |
| Charged off, share of disbursed loans | too few loans | 6.6% | too few loans | 1.2% |
| Dollars charged off, share of disbursed dollars | too few loans | 2.5% | too few loans | 0.9% |
| Dollars charged off | — | $5.70bn | — | $499M |
Against all industries
| FY2021–FY2025 | NAICS 449 | All industries |
|---|---|---|
| Median 7(a) approval | $195K | $190K |
| Median 504 approval | $761K | $657K |
| Average approval | $532K | $573K |
| Approvals per 1,000 establishments | — | 41.0 |
| Approvals to franchise businesses | 13.0% | 11.2% |
| Jobs supported per approval, as reported | 6.8 | 10.5 |
Questions and answers
Which lenders make the most SBA loans for furniture, home furnishings, electronics, and appliance retailers?
By approvals in FY2021 to FY2025: The Huntington National Bank (193), Northeast Bank (100), U.S. Bank, National Association (82), BayFirst National Bank (72), TD Bank, National Association (67). 370 lenders had at least one.
How large are typical SBA loans for furniture, home furnishings, electronics, and appliance retailers?
The median 7(a) approval was $195K and the median 504 approval $761K; the average across both programs was $532K.
What share of SBA loans for furniture, home furnishings, electronics, and appliance retailers are charged off?
There are too few matured loans to show a rate.
Which states have the most SBA loans for furniture, home furnishings, electronics, and appliance retailers?
California (222), Florida (172), New York (164), Texas (115), Ohio (83).
Is SBA lending for furniture, home furnishings, electronics, and appliance retailers rising?
Approvals in the three latest complete fiscal years total 1,696, against 232 in the three before: rising (+631%).
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