How Much Can Musical Groups and Artists Businesses Get in SBA Loans?
480 SBA loans totaling $54.9M have been approved for musical groups and artists businesses (NAICS 711130). The average approved SBA loan is $114K, which is 66% below avg the $340K national average. 107 active lenders fund this industry with a 22.9% default rate on the matured 2018-2021 loan cohort.
At 22.9%, Musical Groups and Artists 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 711130 (Musical Groups and Artists) received 480 SBA loans worth $54.9M across 5+ states. Average loan $114K, average term 99 months, 22.9% default rate (resolved-loan basis).107 active SBA-approved lenders fund this industry. Most musical groups and artists loans use the SBA 7(a) program. There are approximately 5,477 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Musical Groups and Artists?+41% growth
Which SBA Program Do Musical Groups and Artists Businesses Use Most?
What Is the Best SBA Loan for Musical Groups and Artists?
The most widely used SBA program for musical groups and artists businesses — flexible terms, multiple use cases
Where Are Musical Groups and Artists SBA Loans Most Common?
Top SBA Lenders for Musical Groups and Artists
These banks have funded the most SBA loans for musical groups and artists businesses (NAICS 711130). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association(OH) | 80 | $3.5M |
| 2 | Bank of America, National Association(NC) | 46 | $1.1M |
| 3 | Wells Fargo Bank National Association(SD) | 42 | $3.9M |
| 4 | U.S. Bank, National Association(OH) | 33 | $1.5M |
| 5 | TD Bank, National Association(DE) | 20 | $905K |
Musical Groups and Artists Industry Context
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How Does SBA Lending Work for Musical Groups and Artists Businesses?
Across all SBA loan programs, 480 loans have been approved for businesses classified under NAICS 711130 (Musical Groups and Artists), representing $54.9M in total capital deployed. The average approved loan of $114K is 66% below avg the national SBA average of $340K, with typical repayment terms of 99 months.
SBA lending for musical groups and artists is accelerating — loan volume has grown approximately 41% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2025.
The overwhelming majority of SBA lending for musical groups and artists uses the 7(a) program, which provides the most flexibility — covering working capital, equipment purchases, partner buyouts, debt refinancing, and business acquisitions up to $5M with terms up to 25 years.
PeerSense specializes in matching musical groups and artists 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 — Musical Groups and Artists SBA Loans
What is the average SBA loan size for musical groups and artists businesses?
Which SBA loan program is best for a musical groups and artists business?
How many lenders fund SBA loans for musical groups and artists?
What states have the most SBA lending for musical groups and artists?
How does PeerSense help musical groups and artists businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Musical Groups and Artists defined by NAICS code 711130. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.