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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 | Share |
|---|---|---|---|
| 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 |
An SBA 7(a) lender for loans this size
35% of the SBA loans approved in elementary and secondary schools 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 $50K6%
- $50K - $150K12%
- $150K - $350K17%
- $350K - $1M28%
- $1M - $2M21%
- Over $2M16%
Franchise brands in Elementary and Secondary Schools
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Primrose Schools | 45 | $87.9M | |
| The Goddard School | 38 | $71.5M | |
| Kiddie Academy | 18 | $34.2M | |
| Acton Academy | 12 | $5.7M | |
| Montessori Kids Universe | 9 | $4.5M | |
| Pinnacle Montessori | 8 | $19.4M | |
| Ivybrook Academy | 7 | $5.3M | |
| Kumon | 6 | $1.1M | |
| Primrose School | 5 | $5.2M | |
| The Learning Experience | 5 | $10.2M |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other education industries
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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