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Which industries create the most jobs per SBA dollar?

SBA 7(a) and 504 loans report supporting 11,014,159 jobs, about 22.1 jobs for every $1M lent. But that ratio swings widely by industry: Administrative and Support reports 40.2, roughly 4.7x Agriculture, Forestry, Fishing.

By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31

Published · Updated

What we measured. Jobs supported (as reported on each loan) divided by dollars approved, by industry sector, for sectors with at least 5,000 loans. Jobs counts are self-reported by borrowers, and this is a ratio, not a causal estimate.

Jobs reported per $1M lent, by industry

Administrative and Support 40.2 jobs/$1M · 49,366 loans
Construction 28.7 jobs/$1M · 113,705 loans
Educational Services 26.5 jobs/$1M · 15,056 loans
Accommodation and Food Services 26.3 jobs/$1M · 135,354 loans
Transportation and Warehousing 25.5 jobs/$1M · 53,302 loans
Information 24.2 jobs/$1M · 10,845 loans
Arts, Entertainment, Recreation 23.2 jobs/$1M · 32,586 loans
Health Care and Social Assistance 22.9 jobs/$1M · 103,880 loans
Manufacturing 22.9 jobs/$1M · 79,777 loans
Professional and Technical Services 22.7 jobs/$1M · 99,514 loans
Other Services 20.2 jobs/$1M · 95,347 loans
Retail Trade 15.5 jobs/$1M · 134,438 loans
Wholesale Trade 14.4 jobs/$1M · 52,007 loans
Finance and Insurance 13.2 jobs/$1M · 18,047 loans
Real Estate 12.7 jobs/$1M · 24,962 loans
Agriculture, Forestry, Fishing 8.5 jobs/$1M · 13,199 loans

What it means

Labor-intensive sectors like Administrative and Support report the most jobs per dollar, while capital-intensive sectors like Agriculture, Forestry, Fishing report the fewest, because their loans fund real estate and equipment more than payroll. It is a useful lens on the economic footprint of SBA lending, not a measure of which businesses are better bets. See how lending breaks down by industry.

Method, sources, and disclaimer. Computed from the public SBA FOIA 7(a) and 504 data (as of 2026-03-31); see our methodology. Jobs supported is a borrower-reported field. SBA Loan Index is not affiliated with the SBA and is not a lender, broker, or financial advisor.

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Cite this analysis

Mario Bailey. (2026). Which industries create the most jobs per SBA dollar?. SBA Loan Index. https://sbaloanindex.com/studies/jobs-per-sba-dollar/

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