Which SBA program is best for Musical Instrument and Supplies Stores?

The SBA 7(a) program is the most commonly used for Musical Instrument and Supplies Stores businesses, accounting for the majority of approved loans. The SBA 504 program is popular for larger real estate and equipment purchases.

NAICS 451140Retail Trade

How Much Can Musical Instrument and Supplies Stores Businesses Get in SBA Loans?

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2,045 SBA loans totaling $409.9M have been approved for musical instrument and supplies stores businesses (NAICS 451140). The average approved SBA loan is $200K, which is 41% below avg the $340K national average. 480 active lenders fund this industry with a 15.3% default rate on the matured 2018-2021 loan cohort.

Moderate default risk15.3% vs 15.4% all industry avg

At 15.3%, Musical Instrument and Supplies Stores sits below the 15.4% all industry SBA default rate (charged off as a share of resolved loans), moderate default risk relative to other SBA industries. The capital source prices this risk into rate and structure.

Quick Answer

NAICS 451140 (Musical Instrument and Supplies Stores) received 2,045 SBA loans worth $409.9M across 5+ states. Average loan $200K, average term 114 months, 15.3% default rate (resolved loan basis).480 active SBA approved lenders fund this industry. Most musical instrument and supplies stores loans use the SBA 7(a) program.

2,045

Total SBA Loans

$409.9M

Total Volume

$200K

Avg Loan Size

41% below avg

480

Active Lenders

114 mo

Avg Term

12% below avg

10,560

Jobs Supported

Is SBA Lending Growing for Musical Instrument and Supplies Stores?-88% decline

$10.8M

$21.8M

$7.2M

$12.6M

$12.7M

$19.0M

$10.4M

$831K

$295K

Which SBA Program Do Musical Instrument and Supplies Stores Businesses Use Most?

SBA 7(a)1,863 (91%)

SBA 504182 (9%)

What Is the Best SBA Loan for Musical Instrument and Supplies Stores?

SBA 7(a)

The most widely used SBA program for musical instrument and supplies stores businesses: flexible terms, multiple use cases

Industry avg loan: $200K

Typical term: 114 months

Historical avg rate: 6.52%

480+ lenders active in this industry

Default rate (2018 to 21 matured cohort): 15.3%

Where Are Musical Instrument and Supplies Stores SBA Loans Most Common?

236 loans

$64.1M

140 loans

$33.7M

106 loans

$12.2M

79 loans

$10.4M

77 loans

$7.8M

SBA Lending Activity in Musical Instrument and Supplies Stores

480 SBA lenders have funded 2,045 loans to musical instrument and supplies stores businesses (NAICS 451140). 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

2,045

Active lenders

480

Total volume

$409.9M

Avg loan size

$200K

Browse all SBA lenders

Talk to PeerSense

PeerSense sources capital for musical instrument and supplies stores 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 Musical Instrument and Supplies Stores 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

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How Does SBA Lending Work for Musical Instrument and Supplies Stores Businesses?

Across all SBA loan programs, 2,045 loans have been approved for businesses classified under NAICS 451140 (Musical Instrument and Supplies Stores), representing $409.9M in total capital deployed. The average approved loan of $200K is 41% below avg the national SBA average of $340K, with typical repayment terms of 114 months.

SBA lending for musical instrument and supplies stores has contracted approximately 88% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 480 lenders remain active, maintaining competitive options for qualified borrowers.

The industry sees a balanced mix of SBA programs, with 9% 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.

Talk to PeerSense about a musical instrument and supplies stores file. The capital source sets the terms. The desk fee is paid at closing, never upfront.

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Frequently Asked Questions: Musical Instrument and Supplies Stores SBA Loans

What is the average SBA loan size for musical instrument and supplies stores businesses?

Based on 2,045 approved SBA loans, the average loan size for musical instrument and supplies stores (NAICS 451140) is $200K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a musical instrument and supplies stores business?

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

How many lenders fund SBA loans for musical instrument and supplies stores?

480 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 musical instrument and supplies stores file.

What states have the most SBA lending for musical instrument and supplies stores?

CA leads with 236 SBA loans and $64.1M in total volume for musical instrument and supplies stores businesses. TX, NY, PA also show strong lending activity in this sector.

How does PeerSense help musical instrument and supplies stores businesses get SBA loans?

PeerSense is a capital advisory firm. Talk to PeerSense about a musical instrument and supplies stores file. The capital source sets the terms. No upfront fee. The desk is paid at closing.

Related Retail Trade Industries

All Other Miscellaneous Store Retailers (except Tobacco Stores)

11,465 loans · N/A

Avg: $171K

Sporting Goods Stores

10,775 loans · N/A

Avg: $198K

Gift, Novelty, and Souvenir Stores

Florists

All Other General Merchandise Stores

4,265 loans · N/A

Avg: $154K

Other Direct Selling Establishments

3,977 loans · N/A

Avg: $287K

Data aggregated from SBA loan records (1992 to 2025). Musical Instrument and Supplies Stores defined by NAICS code 451140. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.