Electronics and Appliance Retailers: SBA business acquisition loan data
96 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Electronics and Appliance Retailers (NAICS 449210), totaling $72.1M. Median loan $409,500, 37% lower than the all-acquisition median. Annual volume rose 17% from FY2024 to FY2026.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $990,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.2% of all SBA-financed business purchases, ranking #99 of 300 industries tracked.
- Geography. Iowa leads with 8 loans; the top five states account for 35% of the industry's acquisitions.
- Jobs. Lenders reported 876 jobs supported across these loans, about 9.1 per acquisition, a rough proxy for the size of business changing hands.
Electronics and Appliance Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $4M | $488,650 | |
| FY2019 | 10 | $3.8M | $275,000 | |
| FY2020 | 9 | $5.5M | $382,600 | |
| FY2021 | 15 | $15.4M | $400,000 | |
| FY2022 | 13 | $8.9M | $540,000 | |
| FY2023 | 11 | $7.6M | $441,400 | |
| FY2024 | 12 | $7.1M | $577,500 | |
| FY2025 | 6 | $6.6M | $1,110,600 | |
| FY2026 | 14 | $13.2M | $400,000 |
How often do these acquisition loans fail?
Of the 40 Electronics and Appliance Retailers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 4 have been charged off by the SBA, a rate of 10.0% by loan count and 1.7% by dollars. 15 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Electronics and Appliance Retailers is 184% higher than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Iowa | 8 | 8.3% | $1.2M | |
| 2 | California | 7 | 7.3% | $10.8M | |
| 3 | New York | 7 | 7.3% | $3.4M | |
| 4 | Florida | 6 | 6.3% | $3.9M | |
| 5 | Minnesota | 6 | 6.3% | $1.7M | |
| 6 | Michigan | 4 | 4.2% | $8M | |
| 7 | Colorado | 4 | 4.2% | $4.9M | |
| 8 | Massachusetts | 4 | 4.2% | $4.9M | |
| 9 | Oklahoma | 4 | 4.2% | $2.8M | |
| 10 | North Carolina | 3 | 3.1% | $1M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 4.2% | $9.7M | |
| 2 | U.S. Bank, National Association | 4 | 4.2% | $2.2M | |
| 3 | Pinnacle Bank | 3 | 3.1% | $6.1M | |
| 4 | First Internet Bank of Indiana | 3 | 3.1% | $4M | |
| 5 | Stearns Bank National Association | 3 | 3.1% | $1.9M | |
| 6 | Pathward National Association | 2 | 2.1% | $4.2M | |
| 7 | Grasshopper Bank National Association | 2 | 2.1% | $2.1M | |
| 8 | The Huntington National Bank | 2 | 2.1% | $1.3M | |
| 9 | Wells Fargo Bank National Association | 2 | 2.1% | $1.3M | |
| 10 | BankFirst Financial Services | 2 | 2.1% | $1.1M |
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Franchise brands in Electronics and Appliance Retailers
9% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | CPR | 2 | 22.2% | $289K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Electronics and Appliance Retailers?
Median $409,500 across 96 acquisition loans (FY2018 to FY2026); the middle half ran $212,000 to $990,000. That is 37% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Electronics and Appliance Retailers acquisitions?
Live Oak Banking Company (4), U.S. Bank, National Association (4), Pinnacle Bank (3), First Internet Bank of Indiana (3), Stearns Bank National Association (3).
Are businesses in Electronics and Appliance Retailers often franchised?
Sometimes. 9% of SBA acquisition loans in this industry financed a franchised unit. Top brands: CPR.
How risky are SBA loans for buying a business in Electronics and Appliance Retailers?
Of 40 seasoned loans (FY2018 to FY2021), 10.0% charged off, 184% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Electronics and Appliance Retailers acquisitions?
Median term 10 years, average initial rate 7.58% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
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