How Much Can Electrical and Electronic Appliance, Television, and Radio Set Merchan Businesses Get in SBA Loans?
965 SBA loans totaling $356.5M have been approved for electrical and electronic appliance, television, and radio set merchan businesses (NAICS 423620). The average approved SBA loan is $369K, which is 8% above avg the $340K national average. 192 active lenders fund this industry with a 28.5% default rate on the matured 2018-2021 loan cohort.
At 28.5%, Electrical and Electronic Appliance, Television, and Radio Set Merchan sits well above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — elevated default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 423620 (Electrical and Electronic Appliance, Television, and Radio Set Merchan) received 965 SBA loans worth $356.5M across 5+ states. Average loan $369K, average term 106 months, 28.5% default rate (resolved-loan basis).192 active SBA-approved lenders fund this industry. Most electrical and electronic appliance, television, and radio set merchan loans use the SBA 7(a) program. There are approximately 2,546 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Electrical and Electronic Appliance, Television, and Radio Set Merchan?+53% growth
Which SBA Program Do Electrical and Electronic Appliance, Television, and Radio Set Merchan Businesses Use Most?
What Is the Best SBA Loan for Electrical and Electronic Appliance, Television, and Radio Set Merchan?
The most widely used SBA program for electrical and electronic appliance, television, and radio set merchan businesses — flexible terms, multiple use cases
Where Are Electrical and Electronic Appliance, Television, and Radio Set Merchan SBA Loans Most Common?
Top SBA Lenders for Electrical and Electronic Appliance, Television, and Radio Set Merchan
These banks have funded the most SBA loans for electrical and electronic appliance, television, and radio set merchan businesses (NAICS 423620). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Bank of America, National Association(NC) | 103 | $12.6M |
| 2 | TD Bank, National Association(DE) | 89 | $17.0M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 73 | $9.4M |
| 4 | Wells Fargo Bank National Association(SD) | 64 | $12.6M |
| 5 | Citizens Bank, National Association(RI) | 38 | $2.0M |
Electrical and Electronic Appliance, Television, and Radio Set Merchan Industry Context
Ready to Fund Your Electrical and Electronic Appliance, Television, and Radio Set Merchan Business?
PeerSense places SBA loans for electrical and electronic appliance, television, and radio set merchan businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
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How Does SBA Lending Work for Electrical and Electronic Appliance, Television, and Radio Set Merchan Businesses?
Across all SBA loan programs, 965 loans have been approved for businesses classified under NAICS 423620 (Electrical and Electronic Appliance, Television, and Radio Set Merchan), representing $356.5M in total capital deployed. The average approved loan of $369K is 8% above avg the national SBA average of $340K, with typical repayment terms of 106 months.
SBA lending for electrical and electronic appliance, television, and radio set merchan is accelerating — loan volume has grown approximately 53% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2025.
The industry sees a balanced mix of SBA programs, with 8% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching electrical and electronic appliance, television, and radio set merchan business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Electrical and Electronic Appliance, Television, and Radio Set Merchan SBA Loans
What is the average SBA loan size for electrical and electronic appliance, television, and radio set merchan businesses?
Which SBA loan program is best for a electrical and electronic appliance, television, and radio set merchan business?
How many lenders fund SBA loans for electrical and electronic appliance, television, and radio set merchan?
What states have the most SBA lending for electrical and electronic appliance, television, and radio set merchan?
How does PeerSense help electrical and electronic appliance, television, and radio set merchan businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Electrical and Electronic Appliance, Television, and Radio Set Merchan defined by NAICS code 423620. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.