How much do SBA lenders typically lend to a residential property managers business?

The median SBA approval in NAICS 531311 is $150,000, with the middle 80% of loans between $25,000 and $700,000. Across all industries the median is $180,000.

Which lenders are most active in residential property managers?

By dollars approved: Live Oak Banking Company, Wells Fargo Bank, United Midwest Savings Bank, U.S. Bank, First Internet Bank of Indiana. 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 residential property managers considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.4% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 531311 · Real Estate

SBA loans for residential property managers

2,560 SBA loans worth $763.5M have been approved in this industry since FY2010 - the #92 most-financed NAICS code in the country.

Median loan

$150,000

-17% vs all industries

Typical range

$25K-$700K

Middle 80%

Median rate

7.99%

7(a) initial note rate

Median term

10 yr

Charge-off rate

9.4%

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
Live Oak Banking Company	48	$41.7M
Wells Fargo Bank	98	$41.0M
United Midwest Savings Bank	213	$35.3M
U.S. Bank	232	$32.0M
First Internet Bank of Indiana	15	$25.9M
The Huntington National Bank	166	$25.5M
Byline Bank	15	$19.0M
TD Bank	170	$13.7M
Newtek Bank	43	$12.6M
JPMorgan Chase Bank	95	$12.4M

Geography

Where these loans were made

State	Loans	Share
California	413
Florida	266
New York	190
Texas	152
Colorado	120
Ohio	101
Massachusetts	74
Illinois	70

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 $50K
24%
$50K - $150K
24%
$150K - $350K
28%
$350K - $1M
18%
$1M - $2M
5%
Over $2M
2%

Nearby

Other real estate industries

See the sector

Offices of Real Estate Agents and Brokers4,900 · $100,000 Lessors of Miniwarehouses and Self-Storage Units3,561 · $839,000 Lessors of Nonresidential Buildings3,432 · $515,000 Other Activities Related to Real Estate2,207 · $200,000 Other Commercial and Industrial Machinery and Equipment Rental and Leasing1,472 · $282,500 Nonresidential Property Managers705 · $221,000 General Rental Centers690 · $270,000 Lessors of Other Real Estate Property637 · $430,000

Common questions

How much do SBA lenders typically lend to a residential property managers business?: The median SBA approval in NAICS 531311 is $150,000, with the middle 80% of loans between $25,000 and $700,000. Across all industries the median is $180,000.
Which lenders are most active in residential property managers?: By dollars approved: Live Oak Banking Company, Wells Fargo Bank, United Midwest Savings Bank, U.S. Bank, First Internet Bank of Indiana. 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 residential property managers considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.4% were charged off, versus 7.6% across all SBA lending. That is close to average.

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