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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 | Share |
|---|---|---|---|
| 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 |
An SBA 7(a) lender for loans this size
74% of the SBA loans approved in employment placement agencies since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K20%
- $50K - $150K25%
- $150K - $350K29%
- $350K - $1M18%
- $1M - $2M4%
- Over $2M3%
Franchise brands in Employment Placement Agencies
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Patrice & Associates | 87 | $11.6M | |
| Express Employment Professional | 49 | $21.8M | |
| Express Employment Professionals | 32 | $5.1M | |
| AtWork | 10 | $2.1M | |
| Management Recruiters | 8 | $3.6M | |
| Sanford Rose Associates | 8 | $1.2M | |
| Hallmark Homecare | 4 | $458K | |
| Express Personnel Services | 2 | $210K | |
| College Nannies & Tutors | 2 | $314K | |
| The Entrepreneur's Source | 1 | $150K |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other administrative & waste industries
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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