How much do SBA lenders typically lend to a golf courses and country clubs business?

The median SBA approval in NAICS 713910 is $499,500, with the middle 80% of loans between $40,000 and $2,621,000. Across all industries the median is $180,000.

Which lenders are most active in golf courses and country clubs?

By dollars approved: The Huntington National Bank, Newtek Small Business Finance, Inc., Newtek Bank, Bank Five Nine, Empire State Certified Development Corporation. 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 golf courses and country clubs considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.8% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 713910 · Arts & Recreation

SBA loans for golf courses and country clubs

829 SBA loans worth $797.7M have been approved in this industry since FY2010 - the #232 most-financed NAICS code in the country.

Median loan

$499,500

+178% vs all industries

Typical range

$40K-$2.6M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

20 yr

Charge-off rate

4.8%

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
The Huntington National Bank	124	$64.4M
Newtek Small Business Finance, Inc.	13	$21.2M
Newtek Bank	12	$19.6M
Bank Five Nine	20	$18.2M
Empire State Certified Development Corporation	17	$17.3M
Celtic Bank Corporation	11	$17.0M
Florida Business Development Corporation	10	$16.8M
Capital Bank	9	$16.8M
Florida First Capital Finance Corporation, Inc.	18	$16.4M
B:Side Capital	5	$15.9M

Geography

Where these loans were made

State	Loans	Share
Michigan	80
Ohio	77
Wisconsin	73
New York	72
Florida	61
Pennsylvania	43
Texas	36
California	34

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 $50K
11%
$50K - $150K
16%
$150K - $350K
16%
$350K - $1M
24%
$1M - $2M
18%
Over $2M
15%

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 Promoters of Performing Arts, Sports, and Similar Events without Facilities684 · $65,000 Marinas526 · $500,000

Common questions

How much do SBA lenders typically lend to a golf courses and country clubs business?: The median SBA approval in NAICS 713910 is $499,500, with the middle 80% of loans between $40,000 and $2,621,000. Across all industries the median is $180,000.
Which lenders are most active in golf courses and country clubs?: By dollars approved: The Huntington National Bank, Newtek Small Business Finance, Inc., Newtek Bank, Bank Five Nine, Empire State Certified Development Corporation. 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 golf courses and country clubs considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.8% 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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