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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 |
An SBA 7(a) lender for loans this size
64% of the SBA loans approved in lessors of residential buildings and dwellings 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 $50K22%
- $50K - $150K26%
- $150K - $350K17%
- $350K - $1M22%
- $1M - $2M7%
- Over $2M7%
Franchise brands in Lessors of Residential Buildings and Dwellings
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Martinizing Cleaners | 2 | $836K | |
| VIO Med Spa | 2 | $796K | |
| Keyrenter Property Managment | 1 | $527K | |
| iTrip Vacations | 1 | $300K | |
| Saladworks | 1 | $285K | |
| Blaze Pizza | 1 | $600K |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other real estate industries
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.
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