What is the SBA loan default rate for Formal Wear and Costume Rental?

21 lenders actively fund Formal Wear and Costume Rental. A reliable default rate is shown only for industries with a large enough matured loan cohort; this one is below that threshold, so we do not publish a figure that would mislead.

Which SBA program is best for Formal Wear and Costume Rental?

The SBA 7(a) program is the most commonly used for Formal Wear and Costume Rental businesses, accounting for the majority of approved loans. The SBA 504 program is popular for larger real estate and equipment purchases.

NAICS 532281Real EstateLending Growing

How Much Can Formal Wear and Costume Rental Businesses Get in SBA Loans?

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30 SBA loans totaling $4.7M have been approved for formal wear and costume rental businesses (NAICS 532281). The average approved SBA loan is $155K, which is 54% below avg the $340K national average. 21 active lenders fund this industry.

Quick Answer

NAICS 532281 (Formal Wear and Costume Rental) received 30 SBA loans worth $4.7M across 5+ states. Average loan $155K, average term 120 months.21 active SBA approved lenders fund this industry. Most formal wear and costume rental loans use the SBA 7(a) program.

Total SBA Loans

$4.7M

Total Volume

$155K

Avg Loan Size

54% below avg

Active Lenders

120 mo

Avg Term

8% below avg

527

Jobs Supported

Is SBA Lending Growing for Formal Wear and Costume Rental?+150% growth

$235K

$912K

$1.1M

$25K

$328K

$975K

$728K

Which SBA Program Do Formal Wear and Costume Rental Businesses Use Most?

SBA 7(a)29 (97%)

SBA 5041 (3%)

What Is the Best SBA Loan for Formal Wear and Costume Rental?

SBA 7(a)

The most widely used SBA program for formal wear and costume rental businesses: flexible terms, multiple use cases

Industry avg loan: $155K

Typical term: 120 months

Historical avg rate: 8.04%

21+ lenders active in this industry

Where Are Formal Wear and Costume Rental SBA Loans Most Common?

4 loans

$706K

4 loans

$600K

3 loans

$420K

2 loans

$205K

2 loans

$40K

SBA Lending Activity in Formal Wear and Costume Rental

21 SBA lenders have funded 30 loans to formal wear and costume rental businesses (NAICS 532281). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.

Loans funded

Active lenders

Total volume

$4.7M

Avg loan size

$155K

Browse all SBA lenders

Formal Wear and Costume Rental Industry Context

U.S. Employment

9,166,000

BLS · 2026

Talk to PeerSense

PeerSense sources capital for formal wear and costume rental businesses. The capital source sets the terms. No upfront fee. Talk to PeerSense. Referral fee at closing.

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Talk to PeerSense (317) 452-6990

Talk to PeerSense about financing a Formal Wear and Costume Rental business.

Tell us your loan amount and use of funds. PeerSense sources capital. The capital source sets the terms.

SBA 7(a) / 504: PeerSense will reach out. No obligation.

How big is your deal?

Where are you in the deal?

Equity or down payment ready

Credit score

Timeline to close

SBA already on the books?

What best describes your company

Liquid funds available outside this deal

Where is the property or business

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Referral fee realized at closing · Or call (317) 452 6990

How Does SBA Lending Work for Formal Wear and Costume Rental Businesses?

Across all SBA loan programs, 30 loans have been approved for businesses classified under NAICS 532281 (Formal Wear and Costume Rental), representing $4.7M in total capital deployed. The average approved loan of $155K is 54% below avg the national SBA average of $340K, with typical repayment terms of 120 months.

SBA lending for formal wear and costume rental is accelerating. Loan volume has grown approximately 150% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2018.

The overwhelming majority of SBA lending for formal wear and costume rental uses the 7(a) program, which provides the most flexibility, covering working capital, equipment purchases, partner buyouts, debt refinancing, and business acquisitions up to $5M with terms up to 25 years.

Talk to PeerSense about a formal wear and costume rental file. The capital source sets the terms. The desk fee is paid at closing, never upfront.

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Frequently Asked Questions: Formal Wear and Costume Rental SBA Loans

What is the average SBA loan size for formal wear and costume rental businesses?

Based on 30 approved SBA loans, the average loan size for formal wear and costume rental (NAICS 532281) is $155K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a formal wear and costume rental business?

SBA 7(a) is the most commonly used SBA program for formal wear and costume rental businesses. The most widely used SBA program for formal wear and costume rental businesses: flexible terms, multiple use cases. PeerSense can analyze your specific deal to determine the optimal program.

How many lenders fund SBA loans for formal wear and costume rental?

21 different SBA approved lenders have funded loans in this industry. Not all lenders are equally active in every industry. Talk to PeerSense. The capital source sets the terms for a formal wear and costume rental file.

What states have the most SBA lending for formal wear and costume rental?

OH leads with 4 SBA loans and $706K in total volume for formal wear and costume rental businesses. MN, CA, NY also show strong lending activity in this sector.

How does PeerSense help formal wear and costume rental businesses get SBA loans?

PeerSense is a capital advisory firm. Talk to PeerSense about a formal wear and costume rental file. The capital source sets the terms. No upfront fee. The desk is paid at closing.

Related Real Estate Industries

Offices of Real Estate Agents and Brokers

9,591 loans · N/A

Avg: $214K

Lessors of Nonresidential Buildings (except Miniwarehouses)

4,412 loans · N/A

Avg: $755K

Residential Property Managers

3,789 loans · N/A

Avg: $213K

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Avg: $1.2M

Other Activities Related to Real Estate

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Avg: $339K

Other Commercial and Industrial Machinery and Equipment Rental and Lea

2,334 loans · N/A

Avg: $487K

Data aggregated from SBA loan records (1992 to 2025). Formal Wear and Costume Rental defined by NAICS code 532281. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.