NAICS 711130 · Arts & Recreation
SBA loans for musical groups and artists
265 SBA loans worth $42.4M have been approved in this industry since FY2010 - the #476 most-financed NAICS code in the country.
Median loan
$30,000
-83% vs all industries
Typical range
$10K-$381K
Middle 80%
Median rate
9.25%
7(a) initial note rate
Median term
10 yr
Charge-off rate
8.8%
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 |
|---|---|---|---|
| California Statewide Certified Development Corporation | 6 | $5.4M | |
| UMB Bank | 1 | $5.0M | |
| The Huntington National Bank | 13 | $3.2M | |
| Wells Fargo Bank | 31 | $2.6M | |
| Newtek Bank | 10 | $2.1M | |
| JPMorgan Chase Bank | 38 | $2.0M | |
| Enterprise Bank & Trust | 3 | $1.8M | |
| Newtek Small Business Finance, Inc. | 1 | $1.5M | |
| Readycap Lending, LLC | 7 | $1.5M | |
| Business Finance Capital | 3 | $1.4M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 48 | |
| New York | 36 | |
| Florida | 29 | |
| Texas | 21 | |
| Pennsylvania | 10 | |
| Ohio | 9 | |
| Georgia | 7 | |
| Massachusetts | 6 |
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 $50K55%
- $50K - $150K23%
- $150K - $350K10%
- $350K - $1M8%
- $1M - $2M3%
- Over $2M1%
Nearby
Other arts & recreation industries
Fitness and Recreational Sports Centers17,261 · $232,000All Other Amusement and Recreation Industries6,528 · $298,250Independent Artists, Writers, and Performers1,634 · $50,000Bowling Centers1,123 · $477,500Promoters of Performing Arts, Sports, and Similar Events with Facilities1,015 · $216,200Amusement Arcades893 · $210,000Golf Courses and Country Clubs829 · $499,500Promoters of Performing Arts, Sports, and Similar Events without Facilities684 · $65,000
Common questions
- How much do SBA lenders typically lend to a musical groups and artists business?
- The median SBA approval in NAICS 711130 is $30,000, with the middle 80% of loans between $10,000 and $381,000. Across all industries the median is $180,000.
- Which lenders are most active in musical groups and artists?
- By dollars approved: California Statewide Certified Development Corporation, UMB Bank, The Huntington National Bank, Wells Fargo Bank, Newtek 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 musical groups and artists considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.8% were charged off, versus 7.6% across all SBA lending. That is close to average.
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