How much do SBA lenders typically lend to a tax preparation services business?

The median SBA approval in NAICS 541213 is $100,000, with the middle 80% of loans between $17,500 and $595,900. Across all industries the median is $180,000.

Which lenders are most active in tax preparation services?

By dollars approved: Live Oak Banking Company, The Huntington National Bank, Wells Fargo Bank, U.S. Bank, United Midwest Savings Bank. 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 tax preparation services considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.5% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 541213 · Professional Services

SBA loans for tax preparation services

2,816 SBA loans worth $671.5M have been approved in this industry since FY2010 - the #82 most-financed NAICS code in the country.

Median loan

$100,000

-44% vs all industries

Typical range

$18K-$596K

Middle 80%

Median rate

7.90%

7(a) initial note rate

Median term

10 yr

Charge-off rate

9.5%

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	89	$61.4M
The Huntington National Bank	196	$36.7M
Wells Fargo Bank	212	$29.5M
U.S. Bank	111	$28.8M
United Midwest Savings Bank	25	$21.5M
Pathward	8	$20.0M
Byline Bank	23	$19.1M
Newtek Bank	110	$18.0M
JPMorgan Chase Bank	142	$17.7M
Truist Bank	42	$13.9M

Geography

Where these loans were made

State	Loans	Share
California	450
Florida	263
New York	208
Texas	204
Ohio	139
Massachusetts	105
Illinois	105
Georgia	92

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
31%
$50K - $150K
30%
$150K - $350K
20%
$350K - $1M
15%
$1M - $2M
3%
Over $2M
1%

Nearby

Other professional services industries

See the sector

Offices of Lawyers11,836 · $144,350 All Other Professional, Scientific, and Technical Services8,195 · $200,000 Veterinary Services7,303 · $514,600 Offices of Certified Public Accountants6,420 · $177,000 Engineering Services5,789 · $200,000 Administrative Management and General Management Consulting Services5,634 · $93,000 Custom Computer Programming Services5,171 · $150,000 Other Computer Related Services4,654 · $160,000

Common questions

How much do SBA lenders typically lend to a tax preparation services business?: The median SBA approval in NAICS 541213 is $100,000, with the middle 80% of loans between $17,500 and $595,900. Across all industries the median is $180,000.
Which lenders are most active in tax preparation services?: By dollars approved: Live Oak Banking Company, The Huntington National Bank, Wells Fargo Bank, U.S. Bank, United Midwest Savings Bank. 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 tax preparation services considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.5% were charged off, versus 7.6% across all SBA lending. That is close to average.

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