SBA loans for tax preparation businesses
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
Tax Preparation Services (NAICS 541213)
724loans approved
$100,000median loan
$50K–$300Kmiddle half of loans
$212.3Mtotal approved
11%median initial rate
10 yrsmedian term
Borrowers reported 3,912 jobs created or retained.
2.5% of these loans went to franchise locations.
Loan sizes
States with the most loans
| State | Loans | Median |
|---|---|---|
| California | 142 | $225,000 |
| Florida | 87 | $90,000 |
| New York | 62 | $66,100 |
| Texas | 53 | $100,000 |
| Ohio | 32 | $84,250 |
| New Jersey | 26 | $63,700 |
| Georgia | 25 | $50,000 |
| Illinois | 25 | $75,000 |
| Arizona | 24 | $102,950 |
| Massachusetts | 22 | $61,000 |
Most active lenders
| Lender | Loans | Median | Total |
|---|---|---|---|
| Readycap Lending, LLC | 81 | $50,000 | $6.2M |
| Newtek Bank, National Association | 66 | $84,200 | $11.0M |
| The Huntington National Bank | 47 | $90,000 | $11.8M |
| Live Oak Banking Company | 47 | $350,000 | $29.7M |
| Northeast Bank | 44 | $50,000 | $2.9M |
| TD Bank, National Association | 35 | $45,000 | $2.7M |
| Lendistry Sblc, LLC | 33 | $88,000 | $2.9M |
| U.S. Bank, National Association | 32 | $326,150 | $15.6M |
| United Midwest Savings Bank National Association | 27 | $608,000 | $20.0M |
| Bayfirst National Bank | 25 | $78,000 | $2.5M |
Planning one? Read how to start a tax preparation business and model payments with the loan calculator.
What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.