Sewing, Needlework, and Piece Goods Retailers: SBA business acquisition loan data
32 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Sewing, Needlework, and Piece Goods Retailers (NAICS 459130), totaling $20.5M. Median loan $458,850, 29% lower than the all-acquisition median. Annual volume fell 62% from FY2024 to FY2026.
Terms signed in the LOI shape the purchase agreement that follows.
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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 $766,325 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.1% of all SBA-financed business purchases, ranking #215 of 300 industries tracked.
- Geography. Ohio leads with 3 loans; the top five states account for 41% of the industry's acquisitions.
- Jobs. Lenders reported 284 jobs supported across these loans, about 8.9 per acquisition, a rough proxy for the size of business changing hands.
Sewing, Needlework, and Piece Goods Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $72K | $71,900 | |
| FY2019 | 2 | $619K | $309,650 | |
| FY2020 | 3 | $5.1M | $575,000 | |
| FY2021 | 2 | $1.5M | $745,100 | |
| FY2022 | 2 | $232K | $116,100 | |
| FY2023 | 1 | $755K | $755,100 | |
| FY2024 | 13 | $8.6M | $467,700 | |
| FY2025 | 3 | $1.2M | $312,000 | |
| FY2026 | 5 | $2.5M | $534,400 |
How often do these acquisition loans fail?
Fewer than 20 Sewing, Needlework, and Piece Goods Retailers acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ohio | 3 | 9.4% | $2.2M | |
| 2 | Texas | 3 | 9.4% | $1.6M | |
| 3 | Mississippi | 3 | 9.4% | $1.1M | |
| 4 | Washington | 2 | 6.3% | $2M | |
| 5 | California | 2 | 6.3% | $1.5M | |
| 6 | Arizona | 2 | 6.3% | $1.3M | |
| 7 | Utah | 2 | 6.3% | $452K | |
| 8 | Indiana | 2 | 6.3% | $392K | |
| 9 | New York | 2 | 6.3% | $232K | |
| 10 | New Jersey | 1 | 3.1% | $4.4M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 4 | 12.5% | $2.1M | |
| 2 | Canyon View Federal Credit Union | 2 | 6.3% | $452K | |
| 3 | Merchants & Marine Bank | 2 | 6.3% | $302K | |
| 4 | Five Star Bank | 2 | 6.3% | $232K | |
| 5 | Cross River Bank | 1 | 3.1% | $4.4M | |
| 6 | Washington Trust Bank | 1 | 3.1% | $1.9M | |
| 7 | TD Bank, National Association | 1 | 3.1% | $1.4M | |
| 8 | Columbia Bank | 1 | 3.1% | $996K | |
| 9 | Stearns Bank National Association | 1 | 3.1% | $995K | |
| 10 | TowneBank | 1 | 3.1% | $810K |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Questions buyers ask
How much is a typical SBA loan to buy a business in Sewing, Needlework, and Piece Goods Retailers?
Median $458,850 across 32 acquisition loans (FY2018 to FY2026); the middle half ran $182,950 to $766,325. That is 29% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Sewing, Needlework, and Piece Goods Retailers acquisitions?
The Huntington National Bank (4), Canyon View Federal Credit Union (2), Merchants & Marine Bank (2), Five Star Bank (2), Cross River Bank (1).
Are businesses in Sewing, Needlework, and Piece Goods Retailers often franchised?
Rarely. Only 0% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Sewing, Needlework, and Piece Goods Retailers?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Sewing, Needlework, and Piece Goods Retailers acquisitions?
Median term 10 years, average initial rate 8.94% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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