NAICS 516
SBA loan performance data based on 194 resolved loans
Franchise vs Independent Comparison
| Metric | All Businesses |
|---|---|
| Default Rate (resolved loan basis) | 31.4% |
| Avg Loan Size | $184K |
| Resolved Loans | 194 |
| Chargeoffs | 61 |
Default Rate Comparison (resolved loan basis)
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About SBA Loans for NAICS 516
The NAICS 516 sector (NAICS 516) has 194 resolved SBA loans in our database with an overall default rate of 31.4%. This is above the national average, suggesting higher risk for SBA lenders in this sector.
The average SBA loan size in this sector is $184K.
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