How Much Can Securities Brokerage Businesses Get in SBA Loans?
327 SBA loans totaling $154.2M have been approved for securities brokerage businesses (NAICS 523120). The average approved SBA loan is $471K, which is 38% above avg the $340K national average. 145 active lenders fund this industry with a 6.2% default rate on the matured 2018-2021 loan cohort.
At 6.2%, Securities Brokerage 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. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 523120 (Securities Brokerage) received 327 SBA loans worth $154.2M across 5+ states. Average loan $471K, average term 151 months, 6.2% default rate (resolved-loan basis).145 active SBA-approved lenders fund this industry. Most securities brokerage loans use the SBA 7(a) program. There are approximately 23,043 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Securities Brokerage?-92% decline
Which SBA Program Do Securities Brokerage Businesses Use Most?
What Is the Best SBA Loan for Securities Brokerage?
The most widely used SBA program for securities brokerage businesses — flexible terms, multiple use cases
Where Are Securities Brokerage SBA Loans Most Common?
Top SBA Lenders for Securities Brokerage
These banks have funded the most SBA loans for securities brokerage businesses (NAICS 523120). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Live Oak Banking Company(NC) | 31 | $28.9M |
| 2 | Wells Fargo Bank National Association(SD) | 16 | $4.7M |
| 3 | The Huntington National Bank(OH) | 12 | $2.5M |
| 4 | Byline Bank(IL) | 11 | $14.3M |
| 5 | BayFirst National Bank(FL) | 10 | $2.1M |
Securities Brokerage Industry Context
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How Does SBA Lending Work for Securities Brokerage Businesses?
Across all SBA loan programs, 327 loans have been approved for businesses classified under NAICS 523120 (Securities Brokerage), representing $154.2M in total capital deployed. The average approved loan of $471K is 38% above avg the national SBA average of $340K, with typical repayment terms of 151 months.
SBA lending for securities brokerage has contracted approximately 92% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 145 lenders remain active, maintaining competitive options for qualified borrowers.
Notably, 22% of SBA loans in this industry use the 504 program — well above the national average — indicating that securities brokerage 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 securities brokerage 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 — Securities Brokerage SBA Loans
What is the average SBA loan size for securities brokerage businesses?
Which SBA loan program is best for a securities brokerage business?
How many lenders fund SBA loans for securities brokerage?
What states have the most SBA lending for securities brokerage?
How does PeerSense help securities brokerage businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Securities Brokerage defined by NAICS code 523120. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.