How much do SBA lenders typically lend to a elementary and secondary schools business?

The median SBA approval in NAICS 611110 is $601,500, with the middle 80% of loans between $75,000 and $2,593,000. Across all industries the median is $180,000.

Which lenders are most active in elementary and secondary schools?

By dollars approved: Capital Certified Development Corporation, Florida Business Development Corporation, Capital One, Mortgage Capital Development Corporation, CDC Small Business Finance Corp.. 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 elementary and secondary schools considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 3.3% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 611110 · Education

SBA loans for elementary and secondary schools

1,386 SBA loans worth $1.40B have been approved in this industry since FY2010 - the #158 most-financed NAICS code in the country.

Median loan

$601,500

+234% vs all industries

Typical range

$75K-$2.6M

Middle 80%

Median rate

6.25%

7(a) initial note rate

Median term

20 yr

Charge-off rate

3.3%

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
Capital Certified Development Corporation	26	$45.6M
Florida Business Development Corporation	33	$40.9M
Capital One	16	$35.6M
Mortgage Capital Development Corporation	17	$31.3M
CDC Small Business Finance Corp.	33	$30.6M
The Huntington National Bank	59	$30.4M
Business Finance Group, Inc.	22	$28.5M
U.S. Bank	35	$28.3M
Florida First Capital Finance Corporation, Inc.	25	$26.6M
Wells Fargo Bank	33	$24.0M

Geography

Where these loans were made

State	Loans	Share
California	219
Texas	200
Florida	161
Georgia	61
Arizona	60
New York	45
Illinois	43
Virginia	42

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
12%
$150K - $350K
17%
$350K - $1M
28%
$1M - $2M
21%
Over $2M
16%

Nearby

Other education industries

See the sector

Sports and Recreation Instruction4,125 · $161,000 All Other Miscellaneous Schools and Instruction2,168 · $135,000 Fine Arts Schools1,997 · $125,000 Educational Support Services1,693 · $90,000 Exam Preparation and Tutoring920 · $120,000 Professional and Management Development Training745 · $100,000 Other Technical and Trade Schools744 · $200,000 Cosmetology and Barber Schools507 · $200,000

Common questions

How much do SBA lenders typically lend to a elementary and secondary schools business?: The median SBA approval in NAICS 611110 is $601,500, with the middle 80% of loans between $75,000 and $2,593,000. Across all industries the median is $180,000.
Which lenders are most active in elementary and secondary schools?: By dollars approved: Capital Certified Development Corporation, Florida Business Development Corporation, Capital One, Mortgage Capital Development Corporation, CDC Small Business Finance Corp.. 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 elementary and secondary schools considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 3.3% 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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