What is the SBA loan default rate for Rooming and Boarding Houses?

At 11.9%, Rooming and Boarding Houses 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. The rate is measured on the resolved loans (paid in full or charged off), loans that have reached a final outcome. 120 lenders actively fund this industry.

Which SBA program is best for Rooming and Boarding Houses?

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

NAICS 721310Accommodation & Food Services

How Much Can Rooming and Boarding Houses Businesses Get in SBA Loans?

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237 SBA loans totaling $114.5M have been approved for rooming and boarding houses businesses (NAICS 721310). The average approved SBA loan is $483K, which is 42% above avg the $340K national average. 120 active lenders fund this industry with a 11.9% default rate on the matured 2018-2021 loan cohort.

Moderate default risk11.9% vs 15.4% all industry avg

At 11.9%, Rooming and Boarding Houses 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. The capital source prices this risk into rate and structure.

Quick Answer

NAICS 721310 (Rooming and Boarding Houses) received 237 SBA loans worth $114.5M across 5+ states. Average loan $483K, average term 205 months, 11.9% default rate (resolved loan basis).120 active SBA approved lenders fund this industry. Most rooming and boarding houses loans use the SBA 7(a) program. There are approximately 1,637 U.S. establishments in this industry (Census 2022).

237

Total SBA Loans

$114.5M

Total Volume

$483K

Avg Loan Size

42% above avg

120

Active Lenders

205 mo

Avg Term

58% above avg

992

Jobs Supported

Is SBA Lending Growing for Rooming and Boarding Houses?-71% decline

$533K

$5.3M

$9.1M

$4.3M

$3.0M

$9.9M

$3.0M

$5.3M

$750K

$600K

Which SBA Program Do Rooming and Boarding Houses Businesses Use Most?

SBA 7(a)220 (93%)

SBA 50417 (7%)

What Is the Best SBA Loan for Rooming and Boarding Houses?

SBA 7(a)

The most widely used SBA program for rooming and boarding houses businesses: flexible terms, multiple use cases

Industry avg loan: $483K

Typical term: 205 months

Historical avg rate: 7.12%

120+ lenders active in this industry

Default rate (2018 to 21 matured cohort): 11.9%

Where Are Rooming and Boarding Houses SBA Loans Most Common?

30 loans

$24.8M

15 loans

$3.4M

11 loans

$7.1M

10 loans

$4.6M

9 loans

$4.0M

SBA Lending Activity in Rooming and Boarding Houses

120 SBA lenders have funded 237 loans to rooming and boarding houses businesses (NAICS 721310). 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

237

Active lenders

120

Total volume

$114.5M

Avg loan size

$483K

Browse all SBA lenders

Rooming and Boarding Houses Industry Context

U.S. Establishments

1,637

U.S. Census Bureau · 2022

SBA Penetration

14.48%

SBA loans per establishment

Talk to PeerSense

PeerSense sources capital for rooming and boarding houses 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 Rooming and Boarding Houses 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

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

How Does SBA Lending Work for Rooming and Boarding Houses Businesses?

Across all SBA loan programs, 237 loans have been approved for businesses classified under NAICS 721310 (Rooming and Boarding Houses), representing $114.5M in total capital deployed. The average approved loan of $483K is 42% above avg the national SBA average of $340K, with typical repayment terms of 205 months.

SBA lending for rooming and boarding houses has contracted approximately 71% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 120 lenders remain active, maintaining competitive options for qualified borrowers.

The industry sees a balanced mix of SBA programs, with 7% 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 rooming and boarding houses file. The capital source sets the terms. The desk fee is paid at closing, never upfront.

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Frequently Asked Questions: Rooming and Boarding Houses SBA Loans

What is the average SBA loan size for rooming and boarding houses businesses?

Based on 237 approved SBA loans, the average loan size for rooming and boarding houses (NAICS 721310) is $483K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a rooming and boarding houses business?

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

How many lenders fund SBA loans for rooming and boarding houses?

120 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 rooming and boarding houses file.

What states have the most SBA lending for rooming and boarding houses?

CA leads with 30 SBA loans and $24.8M in total volume for rooming and boarding houses businesses. NY, TX, FL also show strong lending activity in this sector.

How does PeerSense help rooming and boarding houses businesses get SBA loans?

PeerSense is a capital advisory firm. Talk to PeerSense about a rooming and boarding houses file. The capital source sets the terms. No upfront fee. The desk is paid at closing.

Related Accommodation & Food Services Industries

Full-Service Restaurants

49,950 loans · N/A

Avg: $266K

Full-Service Restaurants

41,841 loans · N/A

Avg: $483K

Limited-Service Restaurants

33,710 loans · N/A

Avg: $223K

Hotels (except Casino Hotels) and Motels

30,612 loans · N/A

Avg: $1.6M

Limited-Service Restaurants

28,029 loans · N/A

Avg: $431K

Drinking Places (Alcoholic Beverages)

13,001 loans · N/A

Avg: $310K

Data aggregated from SBA loan records (1992 to 2025). Rooming and Boarding Houses defined by NAICS code 721310. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.