NAICS 454111 Quarterly Industry Report
Electronic Shopping
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
Industry Definition & Overview
Geographic Concentration
Top states by share of national establishments.
| # | State | % Est. | Total Est. |
|---|---|---|---|
| 1 | California | 19.0% | 5,921 |
| 2 | New York | 9.6% | 2,993 |
| 3 | Florida | 8.8% | 2,753 |
| 4 | Texas | 5.9% | 1,828 |
| 5 | Illinois | 3.7% | 1,145 |
| 6 | New Jersey | 3.0% | 930 |
| 7 | Pennsylvania | 3.0% | 928 |
| 8 | Washington | 3.0% | 923 |
| 9 | Georgia | 2.8% | 879 |
| 10 | North Carolina | 2.8% | 872 |
SBA Lending Summary
Top SBA Lenders
| # | Lender | Loans | Volume | Avg Loan |
|---|---|---|---|---|
| 1 | TD Bank, National Association | 48 | $2.8M | $59K |
| 2 | BayFirst National Bank | 8 | $1.2M | $150K |
Sources & References
Government datasets and editorial sources used in this report.
- [1]U.S. Census Bureau, County Business Patterns census.gov
- [2]U.S. Small Business Administration, SBA 7(a) Loan Program Data data.sba.gov
Disclaimer
This publication has been prepared by Fair Market Value (“Fair Market Value”) for informational purposes only. It is provided on an “as-is” and “as available” basis. Fair Market Value makes no representations or warranties, express or implied, regarding the merchantability, fitness for a particular purpose, completeness, or accuracy of the data or information contained herein. This publication is not intended to be, and should not be construed as, professional financial, legal, tax, or investment advice. Users should consult with qualified professionals before making any financial or business decisions based on the information presented.
To the extent permitted by law, Fair Market Value disclaims all liability for loss or damage, direct and indirect, suffered or incurred by any person resulting from the use of, or reliance upon, the data in this publication.
Copyright © 2026 Fair Market Value. All rights reserved. All data, information, articles, graphs, and content contained in this publication are copyrighted works and Fair Market Value hereby reserves all rights. No part of this publication may be copied, reproduced, republished, uploaded to a third party, or distributed without the prior written permission of Fair Market Value.