What is the SBA loan default rate for Offices of Lawyers?

At 8.3%, Offices of Lawyers sits well below the 15.4% all industry SBA default rate (charged off as a share of resolved loans), low default risk relative to other SBA industries. The rate is measured on the resolved loans (paid in full or charged off), loans that have reached a final outcome. 1151 lenders actively fund this industry.

Which SBA program is best for Offices of Lawyers?

The SBA 7(a) program is the most commonly used for Offices of Lawyers businesses, accounting for the majority of approved loans. The SBA 504 program is popular for larger real estate and equipment purchases.

NAICS 541110Professional & Technical ServicesLending Growing

How Much Can Offices of Lawyers Businesses Get in SBA Loans?

Name: PeerSense
Address: Westfield, Westfield, IN, 46074, US
Telephone: +13174526990
Price range: Referral fee at closing

20,452 SBA loans totaling $5.1B have been approved for offices of lawyers businesses (NAICS 541110). The average approved SBA loan is $250K, which is 27% below avg the $340K national average. 1151 active lenders fund this industry with a 8.3% default rate on the matured 2018-2021 loan cohort.

Low default risk8.3% vs 15.4% all industry avg

At 8.3%, Offices of Lawyers sits well below the 15.4% all industry SBA default rate (charged off as a share of resolved loans), low default risk relative to other SBA industries. The capital source prices this risk into rate and structure.

Quick Answer

NAICS 541110 (Offices of Lawyers) received 20,452 SBA loans worth $5.1B across 5+ states. Average loan $250K, average term 143 months, 8.3% default rate (resolved loan basis).1151 active SBA approved lenders fund this industry. Most offices of lawyers loans use the SBA 7(a) program.

20,452

Total SBA Loans

$5.1B

Total Volume

$250K

Avg Loan Size

27% below avg

1,151

Active Lenders

143 mo

Avg Term

10% above avg

92,517

Jobs Supported

Is SBA Lending Growing for Offices of Lawyers?+28% growth

880

709

731

574

549

728

652

578

721

739

$225.2M

$218.1M

$219.2M

$191.1M

$250.1M

$377.6M

$346.7M

$249.5M

$239.8M

$294.6M

Which SBA Program Do Offices of Lawyers Businesses Use Most?

SBA 7(a)16,853 (82%)

SBA 5043,599 (18%)

What Is the Best SBA Loan for Offices of Lawyers?

SBA 7(a)

The most widely used SBA program for offices of lawyers businesses: flexible terms, multiple use cases

Industry avg loan: $250K

Typical term: 143 months

Historical avg rate: 7.41%

1151+ lenders active in this industry

Default rate (2018 to 21 matured cohort): 8.3%

Where Are Offices of Lawyers SBA Loans Most Common?

3,911 loans

$1.6B

1,542 loans

$450.6M

1,439 loans

$266.8M

1,417 loans

$378.2M

1,225 loans

$106.9M

SBA Lending Activity in Offices of Lawyers

1,151 SBA lenders have funded 20,452 loans to offices of lawyers businesses (NAICS 541110). 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.

Loans funded

20,452

Active lenders

1,151

Total volume

$5.1B

Avg loan size

$250K

Browse all SBA lenders

Offices of Lawyers Industry Context

U.S. Employment

22,385,000

BLS · 2026

Talk to PeerSense

PeerSense sources capital for offices of lawyers businesses. The capital source sets the terms. No upfront fee. Talk to PeerSense. Referral fee at closing.

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Talk to PeerSense (317) 452-6990

Talk to PeerSense about financing a Offices of Lawyers business.

Tell us your loan amount and use of funds. PeerSense sources capital. The capital source sets the terms.

SBA 7(a) / 504: PeerSense will reach out. No obligation.

How big is your deal?

Where are you in the deal?

Equity or down payment ready

Credit score

Timeline to close

SBA already on the books?

What best describes your company

Liquid funds available outside this deal

Where is the property or business

By checking this box and submitting my information, I electronically sign and agree that PeerSense, Inc. and its affiliates, funding partners, and franchise partners may contact me at the email address and phone number I provided, including by phone call, SMS/text message (including autodialed, prerecorded, or artificial voice messages), and email, for marketing, franchise research, and funding related purposes, even if that number is on any Do Not Call list. Message and data rates may apply. Consent is not a condition of purchase. I may opt out at any time by replying STOP to texts or emailing info@peersense.com. I have read and agree to the Privacy Policy and Terms of Service.

Referral fee realized at closing · Or call (317) 452 6990

How Does SBA Lending Work for Offices of Lawyers Businesses?

Across all SBA loan programs, 20,452 loans have been approved for businesses classified under NAICS 541110 (Offices of Lawyers), representing $5.1B in total capital deployed. The average approved loan of $250K is 27% below avg the national SBA average of $340K, with typical repayment terms of 143 months.

SBA lending for offices of lawyers is accelerating. Loan volume has grown approximately 28% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2016.

The industry sees a balanced mix of SBA programs, with 18% 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.

Talk to PeerSense about a offices of lawyers file. The capital source sets the terms. The desk fee is paid at closing, never upfront.

SBA Loan Guide SBA Calculator SBA Lender Directory Industry Data Hub Current SBA Rates Contact Us

Frequently Asked Questions: Offices of Lawyers SBA Loans

What is the average SBA loan size for offices of lawyers businesses?

Based on 20,452 approved SBA loans, the average loan size for offices of lawyers (NAICS 541110) is $250K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a offices of lawyers business?

SBA 7(a) is the most commonly used SBA program for offices of lawyers businesses. The most widely used SBA program for offices of lawyers businesses: flexible terms, multiple use cases. PeerSense can analyze your specific deal to determine the optimal program.

How many lenders fund SBA loans for offices of lawyers?

1151 different SBA approved lenders have funded loans in this industry. Not all lenders are equally active in every industry. Talk to PeerSense. The capital source sets the terms for a offices of lawyers file.

What states have the most SBA lending for offices of lawyers?

CA leads with 3,911 SBA loans and $1.6B in total volume for offices of lawyers businesses. FL, NY, TX also show strong lending activity in this sector.

How does PeerSense help offices of lawyers businesses get SBA loans?

PeerSense is a capital advisory firm. Talk to PeerSense about a offices of lawyers file. The capital source sets the terms. No upfront fee. The desk is paid at closing.

Related Professional & Technical Services Industries

Veterinary Services

Engineering Services

All Other Professional, Scientific, and Technical Services

11,297 loans · N/A

Avg: $357K

Custom Computer Programming Services

9,986 loans · N/A

Avg: $242K

Offices of Certified Public Accountants

9,563 loans · N/A

Avg: $291K

Administrative Management and General Management Consulting Services

9,379 loans · N/A

Avg: $168K

Data aggregated from SBA loan records (1992 to 2025). Offices of Lawyers defined by NAICS code 541110. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.