How Much Can Racetracks Businesses Get in SBA Loans?
163 SBA loans totaling $97.9M have been approved for racetracks businesses (NAICS 711212). The average approved SBA loan is $601K, which is 76% above avg the $340K national average. 104 active lenders fund this industry with a 19.8% default rate on the matured 2018-2021 loan cohort.
At 19.8%, Racetracks 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 711212 (Racetracks) received 163 SBA loans worth $97.9M across 5+ states. Average loan $601K, average term 163 months, 19.8% default rate (resolved-loan basis).104 active SBA-approved lenders fund this industry. Most racetracks loans use the SBA 504 program. There are approximately 562 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Racetracks?
Which SBA Program Do Racetracks Businesses Use Most?
What Is the Best SBA Loan for Racetracks?
20% of racetracks loans use this program — ideal for real estate and major equipment purchases
Where Are Racetracks SBA Loans Most Common?
Top SBA Lenders for Racetracks
These banks have funded the most SBA loans for racetracks businesses (NAICS 711212). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | The Huntington National Bank(OH) | 17 | $2.7M |
| 2 | Wells Fargo Bank National Association(SD) | 5 | $1.5M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 4 | $155K |
| 4 | STAR Financial Bank(IN) | 4 | $554K |
| 5 | Truist Bank(NC) | 4 | $3.7M |
Racetracks Industry Context
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How Does SBA Lending Work for Racetracks Businesses?
Across all SBA loan programs, 163 loans have been approved for businesses classified under NAICS 711212 (Racetracks), representing $97.9M in total capital deployed. The average approved loan of $601K is 76% above avg the national SBA average of $340K, with typical repayment terms of 163 months.
SBA lending for racetracks has remained relatively stable across recent fiscal years. 104 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
Notably, 20% of SBA loans in this industry use the 504 program — well above the national average — indicating that racetracks businesses frequently finance major fixed assets like real estate, heavy equipment, or facility buildouts. The 504 program offers up to $5.5M with below-market fixed rates and only 10% down from the borrower.
PeerSense specializes in matching racetracks 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 — Racetracks SBA Loans
What is the average SBA loan size for racetracks businesses?
Which SBA loan program is best for a racetracks business?
How many lenders fund SBA loans for racetracks?
What states have the most SBA lending for racetracks?
How does PeerSense help racetracks businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Racetracks defined by NAICS code 711212. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.