How much do SBA lenders typically lend to a portfolio management and investment advice business?

The median SBA approval in NAICS 523940 is $250,000, with the middle 80% of loans between $50,000 and $1,395,000. Across all industries the median is $180,000.

Which lenders are most active in portfolio management and investment advice?

By dollars approved: Live Oak Banking Company, Byline Bank, U.S. Bank, Newtek Bank, Mortgage Capital Development Corporation. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

NAICS 523940 · Finance & Insurance

SBA loans for portfolio management and investment advice

737 SBA loans worth $383.8M have been approved in this industry since FY2010 - the #260 most-financed NAICS code in the country.

Median loan

$250,000

+39% vs all industries

Typical range

$50K-$1.4M

Middle 80%

Median rate

10.00%

7(a) initial note rate

Median term

10 yr

Charge-off rate

Cohort too small

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
Live Oak Banking Company	143	$89.4M
Byline Bank	92	$83.3M
U.S. Bank	18	$17.6M
Newtek Bank	20	$9.2M
Mortgage Capital Development Corporation	6	$7.4M
Associated Bank	9	$6.6M
Wells Fargo Bank	5	$6.3M
The Huntington National Bank	33	$5.7M
TD Bank	36	$5.5M
CCFBank	2	$5.4M

Geography

Where these loans were made

State	Loans	Share
California	83
Florida	62
New York	51
Texas	37
New Jersey	32
Ohio	32
Pennsylvania	31
Illinois	30

Approvals by fiscal year

’22

’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
9%
$50K - $150K
20%
$150K - $350K
28%
$350K - $1M
28%
$1M - $2M
9%
Over $2M
6%

Nearby

Other finance & insurance industries

See the sector

Insurance Agencies and Brokerages10,623 · $171,000 Investment Advice2,974 · $264,500 Mortgage and Nonmortgage Loan Brokers493 · $182,000 Miscellaneous Financial Investment Activities411 · $187,500 All Other Insurance Related Activities401 · $100,000 Portfolio Management392 · $225,500 Financial Transactions Processing, Reserve, and Clearinghouse Activities280 · $250,000 Claims Adjusting254 · $110,500

Common questions

How much do SBA lenders typically lend to a portfolio management and investment advice business?: The median SBA approval in NAICS 523940 is $250,000, with the middle 80% of loans between $50,000 and $1,395,000. Across all industries the median is $180,000.
Which lenders are most active in portfolio management and investment advice?: By dollars approved: Live Oak Banking Company, Byline Bank, U.S. Bank, Newtek Bank, Mortgage Capital Development Corporation. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

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