How much do SBA lenders typically lend to a directory and mailing list publishers business?

The median SBA approval in NAICS 511140 is $150,000, with the middle 80% of loans between $40,000 and $1,070,000. Across all industries the median is $180,000.

Which lenders are most active in directory and mailing list publishers?

By dollars approved: Columbia Bank, Truist Bank, Northwest Bank, First-Citizens Bank & Trust Company, Wells Fargo Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is directory and mailing list publishers considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.3% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 511140 · Information

SBA loans for directory and mailing list publishers

51 SBA loans worth $18.8M have been approved in this industry since FY2010 - the #854 most-financed NAICS code in the country.

Median loan

$150,000

-17% vs all industries

Typical range

$40K-$1.1M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

7.2 yr

Charge-off rate

8.3%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
Columbia Bank	3	$1.8M
Truist Bank	2	$1.7M
Northwest Bank	2	$1.7M
First-Citizens Bank & Trust Company	1	$1.6M
Wells Fargo Bank	4	$1.3M
CDC Small Business Finance Corp.	1	$1.1M
Sunwest Bank	1	$1.1M
The Huntington National Bank	4	$840K
Byline Bank	1	$812K
U.S. Bank	2	$770K

Geography

Where these loans were made

State	Loans	Share
California	8
Florida	7
Wisconsin	4
Minnesota	4
Ohio	3
Indiana	3
Oregon	3
Washington	2

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
14%
$50K - $150K
29%
$150K - $350K
25%
$350K - $1M
18%
$1M - $2M
14%

Nearby

Other information industries

See the sector

Motion Picture and Video Production1,972 · $85,000 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services1,626 · $157,250 Software Publishers791 · $100,000 All Other Telecommunications552 · $181,000 All Other Information Services418 · $139,200 Motion Picture Theaters381 · $487,900 Internet Publishing and Broadcasting and Web Search Portals371 · $63,200 Sound Recording Studios352 · $125,000

Common questions

How much do SBA lenders typically lend to a directory and mailing list publishers business?: The median SBA approval in NAICS 511140 is $150,000, with the middle 80% of loans between $40,000 and $1,070,000. Across all industries the median is $180,000.
Which lenders are most active in directory and mailing list publishers?: By dollars approved: Columbia Bank, Truist Bank, Northwest Bank, First-Citizens Bank & Trust Company, Wells Fargo Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is directory and mailing list publishers considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.3% were charged off, versus 7.6% across all SBA lending. That is close to average.

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