How much do SBA lenders typically lend to a employment placement agencies business?

The median SBA approval in NAICS 561311 is $150,000, with the middle 80% of loans between $24,000 and $758,000. Across all industries the median is $180,000.

Which lenders are most active in employment placement agencies?

By dollars approved: The Huntington National Bank, Newtek Bank, JPMorgan Chase Bank, Wells Fargo Bank, Live Oak Banking Company. 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 employment placement agencies considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.1% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 561311 · Administrative & Waste

SBA loans for employment placement agencies

2,188 SBA loans worth $740.8M have been approved in this industry since FY2010 - the #105 most-financed NAICS code in the country.

Median loan

$150,000

-17% vs all industries

Typical range

$24K-$758K

Middle 80%

Median rate

7.75%

7(a) initial note rate

Median term

10 yr

Charge-off rate

7.1%

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
The Huntington National Bank	143	$42.3M
Newtek Bank	74	$40.9M
JPMorgan Chase Bank	177	$34.2M
Wells Fargo Bank	201	$28.1M
Live Oak Banking Company	14	$22.2M
Bank of America	34	$18.3M
U.S. Bank	73	$17.3M
BayFirst National Bank	82	$17.0M
Newtek Small Business Finance, Inc.	21	$15.7M
United Midwest Savings Bank	89	$12.4M

Geography

Where these loans were made

State	Loans	Share
California	282
Texas	204
Florida	158
New York	142
Georgia	102
Ohio	100
Illinois	93
Massachusetts	84

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
20%
$50K - $150K
25%
$150K - $350K
29%
$350K - $1M
18%
$1M - $2M
4%
Over $2M
3%

Nearby

Other administrative & waste industries

See the sector

Landscaping Services15,300 · $80,000 Janitorial Services6,400 · $100,000 Other Services to Buildings and Dwellings3,351 · $125,000 Solid Waste Collection1,841 · $176,300 Exterminating and Pest Control Services1,777 · $135,000 Remediation Services1,752 · $156,800 Private Mail Centers1,429 · $250,000 Carpet and Upholstery Cleaning Services1,365 · $100,000

Common questions

How much do SBA lenders typically lend to a employment placement agencies business?: The median SBA approval in NAICS 561311 is $150,000, with the middle 80% of loans between $24,000 and $758,000. Across all industries the median is $180,000.
Which lenders are most active in employment placement agencies?: By dollars approved: The Huntington National Bank, Newtek Bank, JPMorgan Chase Bank, Wells Fargo Bank, Live Oak Banking Company. 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 employment placement agencies considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.1% were charged off, versus 7.6% across all SBA lending. That is close to average.

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