How much do SBA lenders typically lend to a dance companies business?

The median SBA approval in NAICS 711120 is $119,000, with the middle 80% of loans between $15,000 and $813,800. Across all industries the median is $180,000.

Which lenders are most active in dance companies?

By dollars approved: Wells Fargo Bank, Manufacturers and Traders Trust Company, The Huntington National Bank, Capital Matrix, Inc., Citizens Bank. 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 dance companies considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 6.1% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 711120 · Arts & Recreation

SBA loans for dance companies

453 SBA loans worth $142.8M have been approved in this industry since FY2010 - the #352 most-financed NAICS code in the country.

Median loan

$119,000

-34% vs all industries

Typical range

$15K-$814K

Middle 80%

Median rate

7.75%

7(a) initial note rate

Median term

10 yr

Charge-off rate

6.1%

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
Wells Fargo Bank	30	$7.0M
Manufacturers and Traders Trust Company	12	$5.9M
The Huntington National Bank	37	$5.8M
Capital Matrix, Inc.	3	$5.3M
Citizens Bank	1	$5.0M
Mountain West Small Business Finance	6	$4.1M
PNC Bank	12	$3.4M
KeyBank	6	$3.1M
Regions Bank	3	$3.0M
Harvest Small Business Finance, LLC	4	$2.7M

Geography

Where these loans were made

State	Loans	Share
Ohio	41
California	34
Texas	29
Minnesota	26
Florida	24
New York	22
Utah	19
Massachusetts	18

Approvals by fiscal year

’10

’11

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’14

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Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
27%
$50K - $150K
29%
$150K - $350K
17%
$350K - $1M
19%
$1M - $2M
6%
Over $2M
1%

Nearby

Other arts & recreation industries

See the sector

Fitness and Recreational Sports Centers17,261 · $232,000 All Other Amusement and Recreation Industries6,528 · $298,250 Independent Artists, Writers, and Performers1,634 · $50,000 Bowling Centers1,123 · $477,500 Promoters of Performing Arts, Sports, and Similar Events with Facilities1,015 · $216,200 Amusement Arcades893 · $210,000 Golf Courses and Country Clubs829 · $499,500 Promoters of Performing Arts, Sports, and Similar Events without Facilities684 · $65,000

Common questions

How much do SBA lenders typically lend to a dance companies business?: The median SBA approval in NAICS 711120 is $119,000, with the middle 80% of loans between $15,000 and $813,800. Across all industries the median is $180,000.
Which lenders are most active in dance companies?: By dollars approved: Wells Fargo Bank, Manufacturers and Traders Trust Company, The Huntington National Bank, Capital Matrix, Inc., Citizens Bank. 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 dance companies considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 6.1% were charged off, versus 7.6% across all SBA lending. That is close to average.

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