How much do SBA lenders typically lend to a locksmiths business?

The median SBA approval in NAICS 561622 is $115,150, with the middle 80% of loans between $15,000 and $539,000. Across all industries the median is $180,000.

Which lenders are most active in locksmiths?

By dollars approved: U.S. Bank, Pinnacle Bank, Southern 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 locksmiths considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.3% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 561622 · Administrative & Waste

SBA loans for locksmiths

490 SBA loans worth $118.0M have been approved in this industry since FY2010 - the #345 most-financed NAICS code in the country.

Median loan

$115,150

-36% vs all industries

Typical range

$15K-$539K

Middle 80%

Median rate

7.25%

7(a) initial note rate

Median term

10 yr

Charge-off rate

9.3%

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
U.S. Bank	27	$7.6M
Pinnacle Bank	4	$6.0M
Southern Bank	2	$4.4M
Wells Fargo Bank	35	$4.2M
Live Oak Banking Company	2	$4.1M
First Commonwealth Bank	7	$3.9M
Celtic Bank Corporation	18	$3.2M
Banc of California	4	$3.2M
Texas Capital Bank	2	$3.1M
Newtek Bank	15	$3.0M

Geography

Where these loans were made

State	Loans	Share
California	67
Florida	43
Texas	31
Ohio	23
Pennsylvania	21
New York	21
Washington	20
Massachusetts	19

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
30%
$50K - $150K
26%
$150K - $350K
28%
$350K - $1M
11%
$1M - $2M
2%
Over $2M
2%

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 Employment Placement Agencies2,188 · $150,000 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

Common questions

How much do SBA lenders typically lend to a locksmiths business?: The median SBA approval in NAICS 561622 is $115,150, with the middle 80% of loans between $15,000 and $539,000. Across all industries the median is $180,000.
Which lenders are most active in locksmiths?: By dollars approved: U.S. Bank, Pinnacle Bank, Southern 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 locksmiths considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.3% were charged off, versus 7.6% across all SBA lending. That is close to average.

We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.