SBA loans by business type
SBA Loans for Law Firms
SBA lenders funded 11,676 7(a) and 504 loans for law firms since FY2010 (1.1% of all SBA lending in the data), totaling $3.7B, an average of $320K per loan. The most active lender is Wells Fargo Bank National Association.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
These figures are computed from the SBA's public 7(a) and 504 funded-loan records for Offices of Lawyers (NAICS 54111). They cover funded loans, not applications, so a lender's activity here is a track-record signal — not a guarantee you will be approved. Of these, 19% are 504 loans (owner-occupied real estate and long-term equipment), which is why average loan sizes here run large. Among the 7(a) loans, the charge-off rate is 2.9% — a relative track-record signal, not a lifetime default rate (504 charge-offs are not reported in the SBA data); see our methodology. Estimate a payment with the SBA loan calculator, or check the basics with the eligibility checker.
Top SBA lenders in Professional and Technical Services, the sector that includes law firms
Ranked by SBA loans funded across Professional and Technical Services (NAICS 54), the full sector that contains Offices of Lawyers (NAICS 54111). The sector is broader than law firms alone, and sector level is the granularity our per-lender track-record data supports, so every figure below, including the 7(a) charge-off rate, is sector-wide, not specific to law firms. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in the sector shows “not reported,” never 0%. A lender active in your situation is a good place to start; talk to a few before you apply.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 7,966 | $2.0B | $255K | 4.61% |
| 2 | JPMorgan Chase Bank, National Association | 6,506 | $1.2B | $177K | 4.44% |
| 3 | The Huntington National Bank | 5,431 | $1.4B | $257K | 3.63% |
| 4 | U.S. Bank, National Association | 4,943 | $1.1B | $223K | 3.54% |
| 5 | TD Bank, National Association | 3,778 | $402.4M | $106K | 8.36% |
| 6 | Live Oak Banking Company | 2,990 | $3.6B | $1.2M | 1.07% |
| 7 | Manufacturers and Traders Trust Company | 2,990 | $377.4M | $126K | 4.05% |
| 8 | PNC Bank, National Association | 2,427 | $605.3M | $249K | 5.64% |
| 9 | BayFirst National Bank | 2,167 | $409.6M | $189K | 7.75% |
| 10 | Northeast Bank | 2,099 | $309.6M | $147K | 1.52% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
Ready to talk to lenders that fund law firms?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
Top states for law firms SBA loans
| State | Loans | Total volume |
|---|---|---|
| California | 2,102 | $1.2B |
| Florida | 1,007 | $352.4M |
| Texas | 744 | $291.0M |
| New York | 783 | $200.0M |
| Nevada | 263 | $139.7M |
| Georgia | 302 | $117.2M |
| Colorado | 305 | $107.0M |
| Washington | 353 | $106.2M |
| Arizona | 345 | $100.1M |
| Illinois | 351 | $83.1M |
SBA lending for law firms by year
Funded SBA volume by approval fiscal year (FY2010–2026).
SBA loans for law firms: frequently asked questions
Can you get an SBA loan for law firms?
Yes. Lenders funded 11,676 SBA 7(a) and 504 loans for law firms in the public data (as of 2026-03-31), 1.1% of all SBA lending, totaling $3.7B.
How much is a typical SBA loan for law firms?
The average SBA loan for law firms is $320K, across 11,676 funded loans. Your amount depends on use of funds, cash flow, and the lender.
Which SBA lenders fund law firms?
Wells Fargo Bank National Association, Mortgage Capital Development Corporation, CDC Small Business Finance Corp. are among the most active SBA lenders for law firms by funded volume. A lender that regularly funds your situation is more likely to understand the deal.