Lending data
Who lends to retail businesses, state by state
24,300 SBA 7(a) loans to retail businesses across 51 states, with the most active lender and the median loan in each.
24,300 SBA 7(a) loans went to retail businesses across 51 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| California | 3,228 | $275,000 | 25% | U.S. Bank |
| New York | 2,057 | $150,000 | 24% | TD Bank |
| Texas | 1,870 | $350,000 | 41% | The Huntington National Bank |
| Florida | 1,583 | $171,600 | 31% | TD Bank |
| Ohio | 1,068 | $85,300 | 38% | The Huntington National Bank |
| Michigan | 1,006 | $182,500 | 32% | The Huntington National Bank |
| New Jersey | 901 | $200,000 | 30% | TD Bank |
| Washington | 834 | $400,000 | 29% | Readycap Lending, LLC |
| Pennsylvania | 819 | $150,000 | 40% | Manufacturers and Traders Trust Company |
| Georgia | 786 | $487,400 | 41% | Metro City Bank |
| Colorado | 731 | $350,000 | 34% | Hanmi Bank |
| Illinois | 696 | $265,000 | 32% | The Huntington National Bank |
| North Carolina | 561 | $251,000 | 40% | The Huntington National Bank |
| Massachusetts | 555 | $100,000 | 28% | Eastern Bank |
| Minnesota | 552 | $200,000 | 37% | U.S. Bank |
| Oregon | 443 | $150,000 | 26% | Columbia Bank |
| Wisconsin | 418 | $243,350 | 36% | U.S. Bank |
| Arizona | 416 | $300,000 | 38% | Wells Fargo Bank |
| Utah | 394 | $192,750 | 39% | Zions Bank |
| Indiana | 376 | $189,450 | 41% | The Huntington National Bank |
| Connecticut | 372 | $100,000 | 37% | Manufacturers and Traders Trust Company |
| Maryland | 367 | $150,000 | 38% | Manufacturers and Traders Trust Company |
| Missouri | 340 | $226,850 | 37% | OakStar Bank |
| Virginia | 338 | $153,000 | 41% | Manufacturers and Traders Trust Company |
| South Carolina | 292 | $271,500 | 44% | TD Bank |
| Tennessee | 288 | $171,750 | 43% | The Huntington National Bank |
| Idaho | 231 | $150,000 | 37% | Zions Bank |
| Nevada | 224 | $220,050 | 36% | U.S. Bank |
| Oklahoma | 198 | $264,000 | 44% | BancFirst |
| Kentucky | 192 | $150,000 | 38% | Community Trust Bank, Inc |
| Louisiana | 186 | $200,000 | 26% | Newtek Bank |
| New Hampshire | 175 | $75,000 | 30% | TD Bank |
| Alabama | 173 | $275,000 | 38% | Northeast Bank |
| Kansas | 153 | $250,000 | 39% | OakStar Bank |
| Iowa | 137 | $150,000 | 46% | Community 1st CU |
| Mississippi | 127 | $186,000 | 36% | Peoples Bank |
| Arkansas | 123 | $322,000 | 45% | First Financial Bank |
| Maine | 113 | $125,000 | 40% | TD Bank |
| Nebraska | 111 | $150,000 | 44% | Union Bank and Trust Company |
| Montana | 100 | $287,750 | 30% | First Interstate Bank |
| Rhode Island | 98 | $108,100 | 24% | BankNewport |
| New Mexico | 97 | $225,000 | 44% | U.S. Bank |
| Delaware | 94 | $126,000 | 29% | Manufacturers and Traders Trust Company |
| District of Columbia | 82 | $236,250 | 28% | Hanmi Bank |
| Vermont | 80 | $80,000 | 40% | Community National Bank |
| Hawaii | 63 | $69,900 | 35% | Central Pacific Bank |
| West Virginia | 63 | $125,000 | 40% | The Huntington National Bank |
| South Dakota | 61 | $200,700 | 33% | First Bank & Trust |
| North Dakota | 48 | $201,700 | 38% | Wallis Bank |
| Wyoming | 46 | $392,500 | 30% | U.S. Bank |
| Alaska | 34 | $220,500 | 41% | KeyBank |
What 7(a) lending to retail businesses looks like nationally
| Measure | Retail | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 24,579 | 214,102 |
| Median loan | $200,000 | $150,000 |
| 25th - 75th percentile | $61,600 - $580,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.25% | 10.25% |
| Share to startups | 33.5% | 33.6% |
| Charge-off rate, FY2010-19 | 8.1% | 7.1% |
| Jobs supported | 173,923 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loans here run larger than average. The median of $200,000 is 33% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- Startup share is about average, at 34% against 34% nationally.
How financing works in this sector
The numbers above say who lends and on what terms. For what actually changes about financing retail businesses — which products fit the working capital cycle, which metrics underwriters focus on, and which questions get asked — see our retail financing guide.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.