SBA loans for appliance repair and maintenance
NAICS 811412 · Program that usually fits: 7(a)
Repair shops have few hard assets, so banks often decline conventional loans. A 7(a) loan can be secured partly by the business's cash flow, and SBA Express or a smaller 7(a) loan is common for vans and inventory.
What borrowers use the money for
- Service vans and diagnostic equipment
- Parts inventory
- Working capital to cover slow-paying warranty and insurance jobs
- Buying out a retiring owner's business
Example: a $150,000 loan
At today's maximum variable 7(a) rate of 13.00% over 10 years, the payment would be about $2,240 a month. Most well-qualified borrowers get a lower rate. Try your own numbers.
Today's rate caps
| Loan amount | Maximum spread | Maximum variable rate today |
|---|---|---|
| $50,000 or less | Prime + 6.5 | 13.50% |
| $50,001 to $250,000 | Prime + 6.0 | 13.00% |
| $250,001 to $350,000 | Prime + 4.5 | 11.50% |
| Over $350,000 | Prime + 3.0 | 10.00% |
Questions
Can a appliance repair business get an SBA loan?
Yes, if the business is for-profit, meets SBA size standards for NAICS 811412, and can show it can repay. Repair shops have few hard assets, so banks often decline conventional loans.
What is the NAICS code for appliance repair and maintenance?
NAICS 811412. Lenders use it to check SBA size standards and eligibility.
Sources: SBA 7(a) terms, conditions and maximum variable rates; Federal Reserve H.15 selected interest rates (bank prime loan rate); October 2026 SBA 504 debenture pricing, as published by CDCs; SBA FOIA 7(a) and 504 loan-level data.