How Much Can Museums Businesses Get in SBA Loans?
174 SBA loans totaling $58.6M have been approved for museums businesses (NAICS 712110). The average approved SBA loan is $337K, which is near national avg the $340K national average. 65 active lenders fund this industry with a 25.8% default rate on the matured 2018-2021 loan cohort.
At 25.8%, Museums sits well above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — elevated 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 712110 (Museums) received 174 SBA loans worth $58.6M across 5+ states. Average loan $337K, average term 121 months, 25.8% default rate (resolved-loan basis).65 active SBA-approved lenders fund this industry. Most museums loans use the SBA 7(a) program. There are approximately 5,442 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Museums?+60% growth
Which SBA Program Do Museums Businesses Use Most?
What Is the Best SBA Loan for Museums?
The most widely used SBA program for museums businesses — flexible terms, multiple use cases
Where Are Museums SBA Loans Most Common?
Top SBA Lenders for Museums
These banks have funded the most SBA loans for museums businesses (NAICS 712110). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Citizens Bank, National Association(RI) | 21 | $785K |
| 2 | JPMorgan Chase Bank, National Association(OH) | 18 | $2.2M |
| 3 | Wells Fargo Bank National Association(SD) | 17 | $2.1M |
| 4 | Citibank, N.A.(SD) | 12 | $905K |
| 5 | Bank of America, National Association(NC) | 10 | $312K |
Museums Industry Context
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How Does SBA Lending Work for Museums Businesses?
Across all SBA loan programs, 174 loans have been approved for businesses classified under NAICS 712110 (Museums), representing $58.6M in total capital deployed. The average approved loan of $337K is near national avg the national SBA average of $340K, with typical repayment terms of 121 months.
SBA lending for museums is accelerating — loan volume has grown approximately 60% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2018.
The industry sees a balanced mix of SBA programs, with 11% 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 museums 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. No retainers.
Frequently Asked Questions — Museums SBA Loans
What is the average SBA loan size for museums businesses?
Which SBA loan program is best for a museums business?
How many lenders fund SBA loans for museums?
What states have the most SBA lending for museums?
How does PeerSense help museums businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Museums defined by NAICS code 712110. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.