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NAICS 515111 · Information
SBA loans for radio networks
55 SBA loans worth $50.2M have been approved in this industry since FY2010 - the #828 most-financed NAICS code in the country.
Median loan
$350,000
+94% vs all industries
Typical range
$13K-$3.0M
Middle 80%
Median rate
6.02%
7(a) initial note rate
Median term
10 yr
Charge-off rate
11.1%
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 | Share |
|---|---|---|---|
| Byline Bank | 4 | $11.1M | |
| Community Bank of Pickens County | 1 | $5.0M | |
| The Bank of Missouri | 3 | $4.6M | |
| Independent Bank | 2 | $4.6M | |
| Citizens Bank | 1 | $3.0M | |
| Stearns Bank | 2 | $2.8M | |
| Three Rivers Federal Credit Union | 1 | $2.5M | |
| Fifth Third Bank | 1 | $2.3M | |
| Douglas National Bank | 1 | $2.3M | |
| BMO Bank | 1 | $1.3M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 5 | |
| Missouri | 5 | |
| Minnesota | 5 | |
| Michigan | 5 | |
| Ohio | 4 | |
| Wisconsin | 4 | |
| Illinois | 3 | |
| Massachusetts | 3 |
An SBA 7(a) lender for loans this size
49% of the SBA loans approved in radio networks since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K18%
- $50K - $150K20%
- $150K - $350K11%
- $350K - $1M22%
- $1M - $2M13%
- Over $2M16%
Nearby
Other information industries
Common questions
- How much do SBA lenders typically lend to a radio networks business?
- The median SBA approval in NAICS 515111 is $350,000, with the middle 80% of loans between $12,500 and $3,000,000. Across all industries the median is $180,000.
- Which lenders are most active in radio networks?
- By dollars approved: Byline Bank, Community Bank of Pickens County, The Bank of Missouri, Independent Bank, Citizens 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 radio networks considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 11.1% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
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