How Much Can Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler Businesses Get in SBA Loans?
1,995 SBA loans totaling $533.3M have been approved for jewelry, watch, precious stone, and precious metal merchant wholesaler businesses (NAICS 423940). The average approved SBA loan is $267K, which is 21% below avg the $340K national average. 247 active lenders fund this industry with a 27.4% default rate on the matured 2018-2021 loan cohort.
At 27.4%, Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler 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 423940 (Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler) received 1,995 SBA loans worth $533.3M across 5+ states. Average loan $267K, average term 103 months, 27.4% default rate (resolved-loan basis).247 active SBA-approved lenders fund this industry. Most jewelry, watch, precious stone, and precious metal merchant wholesaler loans use the SBA 7(a) program.
Is SBA Lending Growing for Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler?+22% growth
Which SBA Program Do Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler Businesses Use Most?
What Is the Best SBA Loan for Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler?
The most widely used SBA program for jewelry, watch, precious stone, and precious metal merchant wholesaler businesses — flexible terms, multiple use cases
Where Are Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler SBA Loans Most Common?
Top SBA Lenders for Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler
These banks have funded the most SBA loans for jewelry, watch, precious stone, and precious metal merchant wholesaler businesses (NAICS 423940). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Bank of America, National Association(NC) | 332 | $17.1M |
| 2 | JPMorgan Chase Bank, National Association(OH) | 192 | $16.6M |
| 3 | Wells Fargo Bank National Association(SD) | 110 | $37.1M |
| 4 | Citizens Bank, National Association(RI) | 71 | $5.3M |
| 5 | TD Bank, National Association(DE) | 71 | $7.2M |
Ready to Fund Your Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler Business?
PeerSense places SBA loans for jewelry, watch, precious stone, and precious metal merchant wholesaler businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Financing a Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler business? Get matched to an SBA lender.
Tell us your loan amount and use of funds. We route you to the lender most likely to fund a deal in your industry.
SBA 7(a) / 504 — Response within 4 business hours. No obligation.
How Does SBA Lending Work for Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler Businesses?
Across all SBA loan programs, 1,995 loans have been approved for businesses classified under NAICS 423940 (Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler), representing $533.3M in total capital deployed. The average approved loan of $267K is 21% below avg the national SBA average of $340K, with typical repayment terms of 103 months.
SBA lending for jewelry, watch, precious stone, and precious metal merchant wholesaler is accelerating — loan volume has grown approximately 22% 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 5% 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 jewelry, watch, precious stone, and precious metal merchant wholesaler 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 — Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler SBA Loans
What is the average SBA loan size for jewelry, watch, precious stone, and precious metal merchant wholesaler businesses?
Which SBA loan program is best for a jewelry, watch, precious stone, and precious metal merchant wholesaler business?
How many lenders fund SBA loans for jewelry, watch, precious stone, and precious metal merchant wholesaler?
What states have the most SBA lending for jewelry, watch, precious stone, and precious metal merchant wholesaler?
How does PeerSense help jewelry, watch, precious stone, and precious metal merchant wholesaler businesses get SBA loans?
Related Wholesale Trade Industries
Other Miscellaneous Durable Goods Merchant Wholesalers
Other Miscellaneous Nondurable Goods Merchant Wholesalers
Other Grocery and Related Products Merchant Wholesalers
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal
Industrial Machinery and Equipment Merchant Wholesalers
Women's, Children's, and Infants' Clothing and Accessories Merchant Wh
Data aggregated from SBA loan records (1992–2025). Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler defined by NAICS code 423940. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.