How much do SBA lenders typically lend to a rooming and boarding houses, dormitories, and workers' camps business?

The median SBA approval in NAICS 721310 is $407,000, with the middle 80% of loans between $16,000 and $1,955,000. Across all industries the median is $180,000.

Which lenders are most active in rooming and boarding houses, dormitories, and workers' camps?

By dollars approved: Midwest Regional Bank, Peoples Bank, Bank OZK, TD Bank, Open 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 rooming and boarding houses, dormitories, and workers' camps considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 17.4% 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 721310 · Restaurants & Hotels

SBA loans for rooming and boarding houses, dormitories, and workers' camps

91 SBA loans worth $65.7M have been approved in this industry since FY2010 - the #711 most-financed NAICS code in the country.

Median loan

$407,000

+126% vs all industries

Typical range

$16K-$2.0M

Middle 80%

Median rate

6.35%

7(a) initial note rate

Median term

20 yr

Charge-off rate

17.4%

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
Midwest Regional Bank	2	$5.1M
Peoples Bank	2	$4.4M
Bank OZK	1	$3.7M
TD Bank	3	$3.6M
Open Bank	1	$3.2M
Byline Bank	2	$3.2M
Bank of Hope	1	$2.6M
Newtek Small Business Finance, Inc.	3	$2.5M
America First Federal Credit Union	3	$2.5M
New England Certified Development Corporation	1	$2.3M

Geography

Where these loans were made

State	Loans	Share
California	12
Massachusetts	8
New York	6
Washington	6
Puerto Rico	5
Florida	5
Texas	4
New Jersey	3

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
14%
$50K - $150K
10%
$150K - $350K
21%
$350K - $1M
32%
$1M - $2M
14%
Over $2M
9%

Nearby

Other restaurants & hotels industries

See the sector

Full-Service Restaurants43,646 · $250,000 Limited-Service Restaurants29,225 · $288,000 Hotels (except Casino Hotels) and Motels19,493 · $1,804,000 Snack and Nonalcoholic Beverage Bars9,692 · $210,600 Full-Service Restaurants9,574 · $185,000 Drinking Places6,905 · $200,000 Limited-Service Restaurants6,127 · $201,000 Caterers3,448 · $125,000

Common questions

How much do SBA lenders typically lend to a rooming and boarding houses, dormitories, and workers' camps business?: The median SBA approval in NAICS 721310 is $407,000, with the middle 80% of loans between $16,000 and $1,955,000. Across all industries the median is $180,000.
Which lenders are most active in rooming and boarding houses, dormitories, and workers' camps?: By dollars approved: Midwest Regional Bank, Peoples Bank, Bank OZK, TD Bank, Open 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 rooming and boarding houses, dormitories, and workers' camps considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 17.4% 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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