How much do SBA lenders typically lend to a racetracks business?

The median SBA approval in NAICS 711212 is $206,500, with the middle 80% of loans between $25,000 and $2,615,000. Across all industries the median is $180,000.

Which lenders are most active in racetracks?

By dollars approved: California Bank of Commerce, Bank of Oak Ridge, Business Finance Group, Inc., LiftFund, Inc., The Huntington National 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 racetracks considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.0% 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.

NAICS 711212 · Arts & Recreation

SBA loans for racetracks

87 SBA loans worth $69.1M have been approved in this industry since FY2010 - the #723 most-financed NAICS code in the country.

Median loan

$206,500

+15% vs all industries

Typical range

$25K-$2.6M

Middle 80%

Median rate

6.13%

7(a) initial note rate

Median term

10 yr

Charge-off rate

10.0%

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
California Bank of Commerce	1	$5.0M
Bank of Oak Ridge	1	$5.0M
Business Finance Group, Inc.	1	$5.0M
LiftFund, Inc.	1	$4.4M
The Huntington National Bank	17	$3.9M
Truist Bank	3	$3.6M
FirstBank	1	$3.6M
Old National Bank	2	$3.6M
Midwest Regional Bank	2	$2.9M
U.S. Bank	1	$2.8M

Geography

Where these loans were made

State	Loans	Share
Ohio	13
Indiana	8
Massachusetts	6
Wisconsin	6
Minnesota	6
New Hampshire	5
Florida	4
Texas	4

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
22%
$50K - $150K
18%
$150K - $350K
21%
$350K - $1M
17%
$1M - $2M
6%
Over $2M
16%

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 racetracks business?: The median SBA approval in NAICS 711212 is $206,500, with the middle 80% of loans between $25,000 and $2,615,000. Across all industries the median is $180,000.
Which lenders are most active in racetracks?: By dollars approved: California Bank of Commerce, Bank of Oak Ridge, Business Finance Group, Inc., LiftFund, Inc., The Huntington National 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 racetracks considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.0% 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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