How Much Can Medical Laboratories Businesses Get in SBA Loans?
1,546 SBA loans totaling $553.5M have been approved for medical laboratories businesses (NAICS 621511). The average approved SBA loan is $358K, which is 5% above avg the $340K national average. 293 active lenders fund this industry with a 10.7% default rate on the matured 2018-2021 loan cohort.
At 10.7%, Medical Laboratories sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans), moderate default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 621511 (Medical Laboratories) received 1,546 SBA loans worth $553.5M across 5+ states. Average loan $358K, average term 120 months, 10.7% default rate (resolved-loan basis).293 active SBA-approved lenders fund this industry. Most medical laboratories loans use the SBA 7(a) program.
Is SBA Lending Growing for Medical Laboratories?
Which SBA Program Do Medical Laboratories Businesses Use Most?
What Is the Best SBA Loan for Medical Laboratories?
The most widely used SBA program for medical laboratories businesses: flexible terms, multiple use cases
Where Are Medical Laboratories SBA Loans Most Common?
SBA Lending Activity in Medical Laboratories
293 SBA lenders have funded 1,546 loans to medical laboratories businesses (NAICS 621511). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.
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PeerSense places SBA loans for medical laboratories businesses nationwide. We match you with the right capital source. Referral fee at closing.
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How Does SBA Lending Work for Medical Laboratories Businesses?
Across all SBA loan programs, 1,546 loans have been approved for businesses classified under NAICS 621511 (Medical Laboratories), representing $553.5M in total capital deployed. The average approved loan of $358K is 5% above avg the national SBA average of $340K, with typical repayment terms of 120 months.
SBA lending for medical laboratories has remained relatively stable across recent fiscal years. 293 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
The industry sees a balanced mix of SBA programs, with 10% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching medical laboratories business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms. Our referral fee is established upfront and paid at closing.
Frequently Asked Questions: Medical Laboratories SBA Loans
What is the average SBA loan size for medical laboratories businesses?
Which SBA loan program is best for a medical laboratories business?
How many lenders fund SBA loans for medical laboratories?
What states have the most SBA lending for medical laboratories?
How does PeerSense help medical laboratories businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Medical Laboratories defined by NAICS code 621511. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.