How Much Can Hardware Stores Businesses Get in SBA Loans?
6,491 SBA loans totaling $2.1B have been approved for hardware stores businesses (NAICS 444130). The average approved SBA loan is $323K, which is 5% below avg the $340K national average. 1077 active lenders fund this industry with a 15.7% default rate on the matured 2018-2021 loan cohort.
At 15.7%, Hardware Stores sits above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — above average 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 444130 (Hardware Stores) received 6,491 SBA loans worth $2.1B across 5+ states. Average loan $323K, average term 132 months, 15.7% default rate (resolved-loan basis).1077 active SBA-approved lenders fund this industry. Most hardware stores loans use the SBA 7(a) program. There are approximately 15,019 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Hardware Stores?-86% decline
Which SBA Program Do Hardware Stores Businesses Use Most?
What Is the Best SBA Loan for Hardware Stores?
The most widely used SBA program for hardware stores businesses — flexible terms, multiple use cases
Where Are Hardware Stores SBA Loans Most Common?
Top SBA Lenders for Hardware Stores
These banks have funded the most SBA loans for hardware stores businesses (NAICS 444130). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 481 | $206.3M |
| 2 | The Huntington National Bank(OH) | 209 | $55.7M |
| 3 | Bank of America, National Association(NC) | 200 | $24.3M |
| 4 | U.S. Bank, National Association(OH) | 182 | $57.9M |
| 5 | JPMorgan Chase Bank, National Association(OH) | 179 | $41.2M |
Hardware Stores Industry Context
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How Does SBA Lending Work for Hardware Stores Businesses?
Across all SBA loan programs, 6,491 loans have been approved for businesses classified under NAICS 444130 (Hardware Stores), representing $2.1B in total capital deployed. The average approved loan of $323K is 5% below avg the national SBA average of $340K, with typical repayment terms of 132 months.
SBA lending for hardware stores has contracted approximately 86% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 1077 lenders remain active, maintaining competitive options for qualified borrowers.
The industry sees a balanced mix of SBA programs, with 11% 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 hardware stores 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 — Hardware Stores SBA Loans
What is the average SBA loan size for hardware stores businesses?
Which SBA loan program is best for a hardware stores business?
How many lenders fund SBA loans for hardware stores?
What states have the most SBA lending for hardware stores?
How does PeerSense help hardware stores businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Hardware Stores defined by NAICS code 444130. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.