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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 | Share |
|---|---|---|---|
| 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 |
An SBA 7(a) lender for loans this size
58% of the SBA loans approved in portfolio management and investment advice 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 $50K9%
- $50K - $150K20%
- $150K - $350K28%
- $350K - $1M28%
- $1M - $2M9%
- Over $2M6%
Franchise brands in Portfolio Management and Investment Advice
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Ameriprise Financial | 20 | $13.8M | |
| LPL Financial LLC | 4 | $4.7M | |
| Oasis Senior Advisors | 1 | $200K |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other finance & insurance industries
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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