How much do SBA lenders typically lend to a radio stations business?

The median SBA approval in NAICS 515112 is $271,500, with the middle 80% of loans between $50,000 and $1,600,000. Across all industries the median is $180,000.

Which lenders are most active in radio stations?

By dollars approved: The Huntington National Bank, Newtek Small Business Finance, Inc., Byline Bank, U.S. Bank, First Interstate 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 stations considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.7% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 515112 · Information

SBA loans for radio stations

206 SBA loans worth $131.5M have been approved in this industry since FY2010 - the #535 most-financed NAICS code in the country.

Median loan

$271,500

+51% vs all industries

Typical range

$50K-$1.6M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

10 yr

Charge-off rate

5.7%

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
The Huntington National Bank	11	$12.8M
Newtek Small Business Finance, Inc.	6	$12.1M
Byline Bank	3	$8.8M
U.S. Bank	10	$5.0M
First Interstate Bank	4	$4.9M
TowneBank	1	$4.9M
The First National Bank Bellevue	1	$4.5M
UMB Bank	2	$4.1M
Valley Bank	1	$3.5M
Glacier Bank	2	$3.0M

Geography

Where these loans were made

State	Loans	Share
California	14
Wisconsin	14
Indiana	13
New York	13
Pennsylvania	11
Florida	10
Texas	10
Tennessee	8

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
10%
$50K - $150K
20%
$150K - $350K
29%
$350K - $1M
21%
$1M - $2M
11%
Over $2M
8%

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 radio stations business?: The median SBA approval in NAICS 515112 is $271,500, with the middle 80% of loans between $50,000 and $1,600,000. Across all industries the median is $180,000.
Which lenders are most active in radio stations?: By dollars approved: The Huntington National Bank, Newtek Small Business Finance, Inc., Byline Bank, U.S. Bank, First Interstate 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 stations considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.7% were charged off, versus 7.6% across all SBA lending. That is close to average.

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