NAICS 531130 · Real Estate
SBA loans for lessors of miniwarehouses and self-storage units
3,561 SBA loans worth $4.51B have been approved in this industry since FY2010 - the #67 most-financed NAICS code in the country.
Median loan
$839,000
+366% vs all industries
Typical range
$190K-$3.1M
Middle 80%
Median rate
5.75%
7(a) initial note rate
Median term
25 yr
Charge-off rate
0.6%
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 | 651 | $1.32B | |
| Bank Five Nine | 333 | $346.7M | |
| Mountain West Small Business Finance | 86 | $107.3M | |
| Florida Business Development Corporation | 63 | $99.5M | |
| Mortgage Capital Development Corporation | 33 | $79.0M | |
| U.S. Bank | 60 | $63.9M | |
| Florida First Capital Finance Corporation, Inc. | 42 | $63.3M | |
| WBD, Inc. | 86 | $61.3M | |
| Michigan Certified Development Corporation | 52 | $49.8M | |
| B:Side Capital | 29 | $48.6M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Texas | 342 | |
| California | 247 | |
| Wisconsin | 238 | |
| Florida | 185 | |
| Georgia | 174 | |
| Utah | 156 | |
| Michigan | 154 | |
| North Carolina | 142 |
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 $50K1%
- $50K - $150K6%
- $150K - $350K14%
- $350K - $1M36%
- $1M - $2M24%
- Over $2M20%
Nearby
Other real estate industries
Offices of Real Estate Agents and Brokers4,900 · $100,000Lessors 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 · $270,000Lessors of Other Real Estate Property637 · $430,000
Common questions
- How much do SBA lenders typically lend to a lessors of miniwarehouses and self-storage units business?
- The median SBA approval in NAICS 531130 is $839,000, with the middle 80% of loans between $190,000 and $3,145,000. Across all industries the median is $180,000.
- Which lenders are most active in lessors of miniwarehouses and self-storage units?
- By dollars approved: Live Oak Banking Company, Bank Five Nine, Mountain West Small Business Finance, Florida Business Development Corporation, 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.
- Is lessors of miniwarehouses and self-storage units considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 0.6% 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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