NAICS 611310 · Education
SBA loans for colleges, universities, and professional schools
124 SBA loans worth $138.6M have been approved in this industry since FY2010 - the #634 most-financed NAICS code in the country.
Median loan
$456,000
+153% vs all industries
Typical range
$30K-$4.0M
Middle 80%
Median rate
7.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
10.9%
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 |
|---|---|---|---|
| Mortgage Capital Development Corporation | 7 | $10.5M | |
| Metro City Bank | 4 | $9.0M | |
| Commercial Bank of California | 2 | $8.8M | |
| Florida First Capital Finance Corporation, Inc. | 3 | $7.8M | |
| Live Oak Banking Company | 2 | $5.3M | |
| Pinnacle Bank | 1 | $5.0M | |
| Celtic Bank Corporation | 4 | $5.0M | |
| Columbia Bank | 4 | $4.9M | |
| The Huntington National Bank | 4 | $4.8M | |
| SomerCor 504, Inc. | 1 | $4.5M |
Approvals by fiscal year
’10
’11
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’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 $50K15%
- $50K - $150K14%
- $150K - $350K19%
- $350K - $1M17%
- $1M - $2M18%
- Over $2M18%
Nearby
Other education industries
Sports and Recreation Instruction4,125 · $161,000All Other Miscellaneous Schools and Instruction2,168 · $135,000Fine Arts Schools1,997 · $125,000Educational Support Services1,693 · $90,000Elementary and Secondary Schools1,386 · $601,500Exam Preparation and Tutoring920 · $120,000Professional and Management Development Training745 · $100,000Other Technical and Trade Schools744 · $200,000
Common questions
- How much do SBA lenders typically lend to a colleges, universities, and professional schools business?
- The median SBA approval in NAICS 611310 is $456,000, with the middle 80% of loans between $30,000 and $4,000,000. Across all industries the median is $180,000.
- Which lenders are most active in colleges, universities, and professional schools?
- By dollars approved: Mortgage Capital Development Corporation, Metro City Bank, Commercial Bank of California, Florida First Capital Finance Corporation, Inc., 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 colleges, universities, and professional schools considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.9% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
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