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NAICS sector 61
Educational Services
15,349 SBA loans worth $6.52B across 14 industries in this sector.
Loans
15,349
Approved
$6.52B
Median loan
$150,000
Median term
10 yr
Charge-off rate
8.3%
vs 7.6% all sectors
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.
Inside the sector
All 14 industries
| Industry | NAICS | Loans | Median loan | Median rate | Charge-off | Volume |
|---|---|---|---|---|---|---|
| Sports and Recreation Instruction | 611620 | 4,125 | $161,000 | 7.25% | 7.2% | |
| All Other Miscellaneous Schools and Instruction | 611699 | 2,168 | $135,000 | 7.00% | 8.0% | |
| Fine Arts Schools | 611610 | 1,997 | $125,000 | 7.50% | 7.7% | |
| Educational Support Services | 611710 | 1,693 | $90,000 | 8.25% | 8.0% | |
| Elementary and Secondary Schools | 611110 | 1,386 | $601,500 | 6.25% | 3.3% | |
| Exam Preparation and Tutoring | 611691 | 920 | $120,000 | 7.50% | 15.3% | |
| Professional and Management Development Training | 611430 | 745 | $100,000 | 8.25% | 10.4% | |
| Other Technical and Trade Schools | 611519 | 744 | $200,000 | 7.56% | 8.6% | |
| Cosmetology and Barber Schools | 611511 | 507 | $200,000 | 6.75% | 9.9% | |
| Automobile Driving Schools | 611692 | 331 | $75,000 | 7.30% | 12.2% | |
| Flight Training | 611512 | 240 | $141,600 | 7.47% | 11.7% | |
| Computer Training | 611420 | 202 | $150,000 | 7.50% | 8.4% | |
| Colleges, Universities, and Professional Schools | 611310 | 124 | $456,000 | 7.00% | 10.9% | |
| Language Schools | 611630 | 106 | $150,000 | 6.50% | 3.9% |
Lenders
Most active in this sector
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Wells Fargo Bank | 1,215 | $320.9M | |
| The Huntington National Bank | 1,075 | $273.6M | |
| Live Oak Banking Company | 124 | $198.1M | |
| U.S. Bank | 438 | $153.7M | |
| JPMorgan Chase Bank | 742 | $125.5M | |
| Mortgage Capital Development Corporation | 101 | $111.5M | |
| Newtek Bank | 306 | $101.3M | |
| CDC Small Business Finance Corp. | 173 | $95.2M | |
| Byline Bank | 69 | $90.6M | |
| Florida Business Development Corporation | 107 | $90.5M |
Approvals by fiscal year
Gross approval dollars. Final bar is a partial fiscal year.
An SBA 7(a) lender for loans this size
69% of the SBA loans approved in the education sector since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
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By state
Education SBA lending in 51 states
Each state page lists the lenders and industries behind the sector's loans there. States with fewer than 20 loans in the sector have no page.
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