NAICS 531110 · Real Estate
SBA loans for lessors of residential buildings and dwellings
406 SBA loans worth $215.9M have been approved in this industry since FY2010 - the #374 most-financed NAICS code in the country.
Median loan
$153,500
-15% vs all industries
Typical range
$21K-$1.3M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
4.7%
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 | Share |
|---|---|---|---|
| Live Oak Banking Company | 16 | $33.4M | |
| Intermountain Business Lending, Inc. | 4 | $9.6M | |
| The Bancorp Bank | 5 | $8.0M | |
| Enterprise Bank & Trust | 6 | $7.6M | |
| First National Bank of Pennsylvania | 10 | $5.6M | |
| U.S. Bank | 12 | $5.3M | |
| Stearns Bank | 3 | $5.2M | |
| United Midwest Savings Bank | 1 | $5.0M | |
| First-Citizens Bank & Trust Company | 4 | $4.9M | |
| Simmons Bank | 3 | $4.8M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Texas | 33 | |
| New York | 32 | |
| California | 28 | |
| Pennsylvania | 27 | |
| Florida | 19 | |
| Ohio | 19 | |
| Minnesota | 16 | |
| Massachusetts | 14 |
Approvals by fiscal year
’10
’11
’12
’13
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K22%
- $50K - $150K26%
- $150K - $350K17%
- $350K - $1M22%
- $1M - $2M7%
- Over $2M7%
Nearby
Other real estate industries
Offices of Real Estate Agents and Brokers4,900 · $100,000Lessors of Miniwarehouses and Self-Storage Units3,561 · $839,000Lessors of Nonresidential Buildings3,432 · $515,000Residential Property Managers2,560 · $150,000Other Activities Related to Real Estate2,207 · $200,000Other Commercial and Industrial Machinery and Equipment Rental and Leasing1,472 · $282,500Nonresidential Property Managers705 · $221,000General Rental Centers690 · $270,000
Common questions
- How much do SBA lenders typically lend to a lessors of residential buildings and dwellings business?
- The median SBA approval in NAICS 531110 is $153,500, with the middle 80% of loans between $21,000 and $1,320,000. Across all industries the median is $180,000.
- Which lenders are most active in lessors of residential buildings and dwellings?
- By dollars approved: Live Oak Banking Company, Intermountain Business Lending, Inc., The Bancorp Bank, Enterprise Bank & Trust, First National Bank of Pennsylvania. 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 lessors of residential buildings and dwellings considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.7% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.