SBA Loans for Sewing: Top Lenders & Recent Approvals

NAICS 451

NAICS 451 covers sewing, needlework, and piece goods stores businesses. Based on historical SBA 7(a) lending data.

Total Approvals

164

for Sewing

Median Loan Size

$192,500

per approval

Recent Activity

last 90 days through Feb 2024

NAICS 451 covers sewing, needlework, and piece goods stores businesses. This is a moderately active sector for SBA 7(a) lending with 164 approvals and a median loan size of $192,500.

Key trends & insights

SBA lending to sewing businesses declined 70% year-over-year — from 79 to 24 approvals.
Total SBA dollars flowing into this industry decreased by 65% year-over-year, reaching $11,293,100 in the trailing 12 months.
THE Huntington National Bank leads this industry with 19 approvals (21% market share) and a median loan of $80,000.
The typical loan size for sewing has increased 116% — average median moving from $356,100 to $768,583.
Loan sizes vary dramatically by location — the median in Florida ($783,750) is 31.4x higher than Oregon ($25,000).

Lending trends for Sewing

↓ 70%loan volume YoY

↓ 65%dollar volume YoY

Total loaned ($)

Median loan size

Top lenders by historical volume

#	Lender	Approvals	Median Size	Recent	Top States
1	THE Huntington National Bank	19	$80,000	—	MI, OH, PA
2	U.s. Bank, National Association	10	$40,000	—	CA, MN, TN
3	Wells Fargo Bank, National Association	9	$15,000	—	CA, OR, NC
4	TD Bank, National Association	7	$30,000	—	NJ, MA, NY
5	Bayfirst National Bank	5	$150,000	—	CA, KY, FL
6	Newtek Small Business Finance, INC.	4	$227,000	—	SC, MA, NV
7	Columbia Bank	4	$220,000	—	OR, FL
8	Cadence Bank	4	$350,000	—	TX, TN, CO
9	Keybank, National Association	3	$50,000	—	UT, NY, OH
10	Northeast Entrepreneur Fund, INC.	3	$100,500	—	MN
11	BMO Bank, National Association	3	$380,300	—	CA, CO
12	Eastern Bank	3	$80,000	—	NH, RI
13	Celtic Bank, CORP.	2	$700,000	—	CO, AZ
14	Banc OF California	2	$467,000	—	CA, GA
15	First Community Bank	2	$261,700	—	NC
16	Webster Bank, National Association	2	$100,000	—	NY, CT
17	Nicolet National Bank	2	$185,000	—	WI
18	Dogwood State Bank	2	$808,500	—	CO
19	Sound Credit Union	2	$45,000	—	WA
20	Five Star Bank	2	$350,000	—	NY, MI

Recent SBA 7(a) approvals for Sewing

Month	Lender	Borrower	Location	Amount
2024-02	The Huntington National Bank	Gra*****nc.	FREDERICKSBURG, VA	$255,100
2024-02	The Huntington National Bank	Gra*****nc.	FREDERICKSBURG, VA	$30,000
2024-02	The Huntington National Bank	Gra*****nc.	FREDERICKSBURG, VA	$255,100
2023-10	TD Bank, National Association	Mor*****LLC	COCOA BEACH, FL	$30,000
2023-08	TD Bank, National Association	Eas*****LLC	SALISBURY, MA	$25,000
2023-08	Banco Popular de Puerto Rico	Bet*****Inc	SAN JUAN, PR	$3,850,000
2023-05	Fifth Third Bank	Cre*****td.	BEAVERCREEK, OH	$721,000
2023-04	JPMorgan Chase Bank, National Association	Bec*****LLC	RACINE, WI	$200,000
2023-04	BayFirst National Bank	Bri*****LLC	SANTA BARBARA, CA	$150,000
2023-03	Webster Bank National Association	Lee*****Inc	WHITE PLAINS, NY	$100,000
2023-02	TD Bank, National Association	Ace*****LLC	PHILADELPHIA, PA	$30,000
2023-02	TD Bank, National Association	NER*****LLC	EGG HARBOR TOWNSHIP, NJ	$30,000
2022-12	Cadence Bank	Ove*****LLC	MEMPHIS, TN	$628,000
2022-10	Cadence Bank	Fea*****Inc	TAMPA, FL	$300,000
2022-08	Wells Fargo Bank National Association	INS*****LLC	TUCSON, AZ	$2,917,900
2022-06	Community Bank Owatonna	Coo*****nc.	OWATONNA, MN	$50,000
2022-06	Wells Fargo Bank National Association	BAS****LLC	HOUSTON, TX	$15,000
2022-06	BayFirst National Bank	EAG*****LC'	DELRAY BEACH, FL	$121,000
2022-06	U.S. Bank, National Association	Can*****nc.	VENTURA, CA	$900,000
2022-06	Webster Bank National Association	Del*****LLC	GREENWICH, CT	$100,000
2022-06	BayFirst National Bank	Nor*****nc.	FAIRBANKS, AK	$150,000
2022-05	Hancock Whitney Bank	Mon*****LLC	FULSHEAR, TX	$350,000
2022-05	Wells Fargo Bank National Association	CAH*****LLC	OCEAN, NJ	$15,000
2022-05	Northwest Bank	Off*****LLC	SODUS, NY	$70,000
2022-04	TD Bank, National Association	51 *****LLC	NEW YORK, NY	$75,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

Activity by state

CA16 FL10 OH10 MN9 CO9 NY9 TX8 PA8 MI7 NJ7 WI6 NH6 NC5 OR5 OK4 AR4 UT3 MO3 TN3 KS3 WA3 PR3 MA2 IL2 ID2 CT2 AZ2 RI2 ME1 NV1 KY1 SC1 SD1 NE1 AK1 IN1 VA1 GA1 AL1

Less active

More active

State-by-state breakdown

#	State	Approvals	Median Size	#1 Lender
1	California	16	$365,150	U.s. Bank, National Association5 approvals
2	Florida	10	$783,750	Customers Bank1 approvals
3	Ohio	10	$143,750	THE Huntington National Bank6 approvals
4	Minnesota	9	$100,500	Northeast Entrepreneur Fund, INC.3 approvals
5	Colorado	9	$350,000	Dogwood State Bank2 approvals
6	New York	9	$70,000	Arrow Bank, National Association1 approvals
7	Texas	8	$303,100	First State Bank2 approvals
8	Pennsylvania	8	$177,500	THE Huntington National Bank4 approvals
9	Michigan	7	$350,000	THE Huntington National Bank6 approvals
10	New Jersey	7	$30,000	TD Bank, National Association3 approvals
11	Wisconsin	6	$192,500	Lake Ridge Bank2 approvals
12	New Hampshire	6	$187,500	Rockland Trust Company2 approvals
13	North Carolina	5	$261,700	First Community Bank2 approvals
14	Oregon	5	$25,000	Columbia Bank3 approvals
15	Oklahoma	4	$285,000	Mabrey Bank1 approvals
16	Arkansas	4	$114,700	Simmons Bank2 approvals
17	Utah	3	$50,000	Cache Valley Bank1 approvals
18	Missouri	3	$75,000	Commerce Bank1 approvals
19	Tennessee	3	$40,000	U.s. Bank, National Association2 approvals
20	Kansas	3	$40,000	Community National Bank & Trust2 approvals
21	Washington	3	$45,000	Sound Credit Union2 approvals
22	Puerto Rico	3	$1,000,000	Banco Popular DE Puerto Rico2 approvals
23	Massachusetts	2	$39,500	Newtek Small Business Finance, INC.1 approvals
24	Illinois	2	$581,000	First Financial Bank, National Association1 approvals
25	Idaho	2	$745,000	Zions Bank, A Division OF2 approvals

SBA loans for Sewing by state

Sewing in California16 approvals Sewing in Florida10 approvals Sewing in Ohio10 approvals Sewing in Minnesota9 approvals Sewing in Colorado9 approvals Sewing in New York9 approvals Sewing in Texas8 approvals Sewing in Pennsylvania8 approvals Sewing in Michigan7 approvals Sewing in New Jersey7 approvals

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Frequently asked questions about SBA loans for Sewing

Who are the top SBA lenders for Sewing?▾

Based on historical SBA 7(a) data, the most active lenders for Sewing (NAICS 451) include THE Huntington National Bank, U.s. Bank, National Association, Wells Fargo Bank, National Association, and 17 more. THE Huntington National Bank leads with 19 approved loans.

What is the typical SBA loan size for Sewing?▾

The median SBA 7(a) loan amount for Sewing businesses is $192,500, based on 164 total approved loans in the dataset.

Which states have the most SBA lending activity for Sewing?▾

California leads with 16 SBA 7(a) approvals for Sewing, followed by Florida (10) and Ohio (10).

How do I find the best SBA lender for my sewing business?▾

Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 451. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.

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