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

The median SBA approval in NAICS 541940 is $514,600, with the middle 80% of loans between $52,000 and $2,000,000. Across all industries the median is $180,000.

Which lenders are most active in veterinary services?

By dollars approved: Live Oak Banking Company, Wells Fargo Bank, PNC Bank, United Community Bank, Banc of California. 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 veterinary services considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.2% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 541940 · Professional Services

SBA loans for veterinary services

7,303 SBA loans worth $6.19B have been approved in this industry since FY2010 - the #28 most-financed NAICS code in the country.

Median loan

$514,600

+186% vs all industries

Typical range

$52K-$2.0M

Middle 80%

Median rate

5.75%

7(a) initial note rate

Median term

20 yr

Charge-off rate

2.2%

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	1,933	$2.50B
Wells Fargo Bank	478	$341.5M
PNC Bank	324	$290.9M
United Community Bank	187	$242.9M
Banc of California	132	$192.3M
Firstrust Savings Bank	113	$159.0M
Fifth Third Bank	83	$132.6M
The Huntington National Bank	258	$130.8M
U.S. Bank	148	$67.9M
First National Bank of Pennsylvania	50	$60.2M

Geography

Where these loans were made

State	Loans	Share
California	772
Florida	648
Texas	559
Ohio	294
New York	270
Georgia	265
Colorado	262
Pennsylvania	237

Approvals by fiscal year

’10

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Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
6%
$50K - $150K
14%
$150K - $350K
18%
$350K - $1M
33%
$1M - $2M
19%
Over $2M
10%

Nearby

Other professional services industries

See the sector

Offices of Lawyers11,836 · $144,350 All Other Professional, Scientific, and Technical Services8,195 · $200,000 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 Computer Systems Design Services4,466 · $118,000

Common questions

How much do SBA lenders typically lend to a veterinary services business?: The median SBA approval in NAICS 541940 is $514,600, with the middle 80% of loans between $52,000 and $2,000,000. Across all industries the median is $180,000.
Which lenders are most active in veterinary services?: By dollars approved: Live Oak Banking Company, Wells Fargo Bank, PNC Bank, United Community Bank, Banc of California. 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 veterinary services considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.2% 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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