# SBA loans for land and parking lot owners that operate a business on the property

**Short answer:** SBA approved 188 loans to land and parking lot owners that operate a business on the property from October 2019 to June 2026, but 7 since October 2023. Source: SBA 7(a) loan file, June 30, 2026.

Canonical page: https://www.sbaexpress.loans/industries/lessors-of-other-real-estate-property/
Data as of: 2026-06-30

These figures come from SBA's public loan file for the 7(a) program, which includes SBA Express. They cover NAICS 531190, Lessors of Other Real Estate Property. The loans were approved from October 1, 2019 to June 30, 2026. The file lists approvals only, so it shows what lenders funded, not who applied or who was turned down.

## What lenders check

Each lender sets its own checklist. SBA sets the basic eligibility tests.

A lender reviewing a loan to land and parking lot owners that operate a business on the property looks at the business's numbers and these items for the trade:

- Whether the borrower runs a business on the property or only collects ground rent, since SBA excludes land leased for cell towers, billboards, solar panels or wind turbines
- Ground lease terms and tenant quality, including how long the lease runs against the loan term and who pays property taxes
- Zoning, access, utilities and environmental condition of the land, since raw land earns nothing if the tenant leaves

What SBA sets and what the lender sets

Under SOP 50 10 8.1, SBA sets no minimum credit score; the lender applies its own credit standards. To qualify, a business must be an operating, for-profit business located in the United States that is small under SBA size standards and can show a need for the credit. Source: SOP 50 10 8.1: Sec. B, Ch. 2, Para. C.2; SBA Procedural Notice 5000-876777; 13 CFR § 120.100.

Some businesses in this industry are not eligible

SBA's ineligible list includes nonprofits, lenders, passive businesses owned by developers and landlords, life insurers, businesses located in a foreign country, pyramid schemes, businesses earning more than one third of revenue from legal gambling, and illegal businesses, among others. Whether a business is eligible depends on what it does and who owns it. Source: SOP 50 10 8.1: Sec. A, Ch. 1, Para. E (p. 18); 13 CFR § 120.110.

## Common uses of the money

Businesses like these use SBA loans for:

- Buying land that the owner's operating business will use, such as a storage yard or parking lot
- Paving, fencing and lighting for the yard or lot the borrower's own business uses
- Refinancing an existing mortgage on land the borrower already occupies and uses

## The cash cycle

Ground rent is collected monthly or yearly under a long lease, while property taxes and loan payments continue even if a tenant leaves. Raw land earns nothing until it is leased or put to use.

## Collateral

The parcel itself is the security, and its worth depends on zoning, access and whether another business could use or rent it.

SBA collateral and guarantee rules

On an SBA Express loan of $50,000 or less, collateral is not required. Above that, the lender may use its own collateral policies for similar non-SBA loans. Under SOP 50 10 8.1, a loan request must not be declined solely because collateral is inadequate.

Every owner of 20% or more of the business must give an unlimited personal guarantee. Source: SOP 50 10 8.1: App. 19, Para. B.3; App. 19, Para. A (p. 404); Sec. A, Ch. 5, Para. A.1 (p. 93); 13 CFR § 120.160(a).

## How much they borrow

52% of these loans were $500,000 or less, the range where SBA Express is available.

Share of 188 loans by size, Oct 2019 to Jun 2026

- $50,000 or less: 3.2%
- $50,001 to $150,000: 12%
- $150,001 to $350,000: 24%
- $350,001 to $500,000: 13%
- $500,001 to $1,000,000: 20%
- $1,000,001 to $2,000,000: 15%
- Over $2,000,000: 13%

Bars show each band's share of the loans.

The median loan was $490,700, larger than the $200,000 median for all SBA 7(a) loans. Half of the loans fell between $246,625 and $1.2 million. The most common size band was $150,001 to $350,000.

By business age, 34% had operated for more than 2 years and 29% for 2 years or less. 22% were startups opening with the loan, and 9.6% paid for a change of ownership.

## What they paid

SBA approved 7 loans to these businesses since October 2023. Recent loans that few give no rate of their own, so these figures cover October 1, 2019 to June 30, 2026.

Prime + 1.75: Median spread over Prime

Prime + 2.6: All industries, median spread

The median spread across 188 approvals was Prime plus 1.75 percentage points, against Prime plus 2.6 percentage points for all industries. A spread is measured against Prime on the approval date, which makes loans from different years comparable. It is not today's rate.

SBA's maximum rate today

SBA caps a variable rate by loan size. For a loan of over $350,000, the cap is Prime plus 3.0 percentage points. The typical loan here, $490,700, is in that range. With Prime at 7.00% as of Nov 10, 2026, the maximum is 10.00% today. Source: SOP 50 10 8.1: Sec. B, Ch. 2, Para. B.5; 13 CFR § 120.214(d)(4).

## How the money comes

20% of the loans went through SBA Express and 3.2% were lines of credit. The median term was 25 years.

20.2%: Through SBA Express

3.2%: Lines of credit

25 years: Median term

Across all industries, 38.5% of loans went through SBA Express and 27% were lines of credit. Express counts here include Export Express.

SBA Express in brief

An SBA Express loan can be as large as $500,000, and SBA guarantees 50% of it. On an Express loan, the lender makes the credit decision without prior SBA review. SBA's procedures also say only a lender with SBA Express authority can make one. Source: SOP 50 10 8.1: Sec. B, Ch. 2, Para. B.1 (p. 126); App. 16, Para. B.2; Sec. B, Ch. 2, Para. C.2; Sec. B, Ch. 2 (p. 125).

The median term of 25 years (300 months) fits real estate. For real estate, SBA's maximum term is 25 years, plus any reasonable construction or renovation period. Source: SOP 50 10 8.1: App. 17, Para. A.3 (p. 390); 13 CFR § 120.212(c).

## Who lends

The Bancorp Bank made the most loans, 19 of 188 (10%).

**Largest lenders by loans, Oct 2019 to Jun 2026**

| Lender | Type | Loans | Share of loans |
| --- | --- | --- | --- |
| [The Bancorp Bank](https://www.sbaexpress.loans/sba-express-lenders/the-bancorp-bank/) | Bank | 19 | 10.1% |
| [Telhio Credit Union](https://www.sbaexpress.loans/sba-express-lenders/telhio-credit-union/) | Credit union | 8 | 4.3% |
| [U.S. Bank](https://www.sbaexpress.loans/sba-express-lenders/u-s-bank/) | Bank | 5 | 2.7% |

Lenders are ranked by loans and listed only when they made 5 or more. Janover Capital LLC does not represent these lenders, and a lender's past loans do not describe its current credit policy.

See every lender on the [SBA Express lenders](https://www.sbaexpress.loans/sba-express-lenders/) page.

## Where the loans are

Texas had the most loans, 20 of 188 (11%).

**Top states by loans, Oct 2019 to Jun 2026**

| State | Loans | Share of loans |
| --- | --- | --- |
| [Texas](https://www.sbaexpress.loans/texas-small-business-loans/) | 20 | 10.6% |
| [California](https://www.sbaexpress.loans/california-small-business-loans/) | 17 | 9.0% |
| [Minnesota](https://www.sbaexpress.loans/minnesota-small-business-loans/) | 16 | 8.5% |
| [Ohio](https://www.sbaexpress.loans/ohio-small-business-loans/) | 14 | 7.4% |
| [New York](https://www.sbaexpress.loans/new-york-small-business-loans/) | 11 | 5.9% |

Location is the state of the business, not of the lender.

Compare every state on [SBA loans by state](https://www.sbaexpress.loans/sba-loans-by-state/).

## How often these loans went bad

0% of 156 seasoned loans were charged off, below the 3.6% rate for all SBA 7(a) loans.

156: Seasoned loans

0.0%: Charged off, by loans

0.0%: Charged off, by dollars

3.6%: All industries, by loans

None of the 156 loans approved October 1, 2019 to September 30, 2022 were charged off by June 30, 2026. By dollars, 0% of the approved amount was charged off.

How we measure this

A seasoned loan is one approved October 1, 2019 to September 30, 2022. Newer loans have not had time to go bad, so they are left out. Charged off means the lender wrote the loan off as a loss, shown as status CHGOFF in SBA's file on June 30, 2026. The rate is charged-off loans divided by seasoned loans. This describes what happened to approved loans. It says nothing about whether an application will be approved.

## SBA size standard

NAICS 531190 has its own size standard.

For NAICS 531190, SBA's size standard is $34 million in average annual receipts. A business at or under the standard is small for SBA's purposes. To qualify, a business must fit the size standard for the applicant's primary industry in 13 CFR 121.201, measured in annual receipts or employees. SBA measures size on the date the application is accepted for SBA processing, or for delegated loans the date the lender approves the loan.

A business over the standard can still qualify under the alternative standard: tangible net worth of $20 million or less and average net income after federal income taxes of $6.5 million or less over the prior two fiscal years. Source: SOP 50 10 8.1: Sec. A, Ch. 1, Para. D.1 (p. 14); Sec. A, Ch. 1, Para. D.2 (p. 14); 13 CFR § 121.301(b)(2).

Check the code before you rely on it

SBA proposed new size standards for 338 industry groups and industries on August 20, 2026; the change is proposed only. Source: 91 FR 53741 (Aug. 20, 2026).

## A payment example

**Payment on a typical loan**

| Item | Example |
| --- | --- |
| Loan amount | $490,700, the median |
| Term | 25 years (300 months), the median |
| Rate | 10.25%, the national median at approval |
| Monthly payment | $4,546 |
| Total interest over the term | $873,029 |

The example uses the median loan and the median term. These businesses have too few recent loans for their own median rate, so it uses the national median at approval, 10.25%. It covers principal and interest only, and it assumes the loan runs the full term. It leaves out fees, including the SBA guaranty fee.

On a variable-rate loan, a 1 percentage point move in Prime changes this payment by about $353 a month. Prime is 7.00% as of Nov 10, 2026. For a payment at today's rate, use the [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Industry is the NAICS code recorded on each loan. This page covers NAICS 531190, Lessors of Other Real Estate Property. Express share counts SBA Express and Export Express loans. Lines of credit are loans the file marks as revolving. The median rate is the initial rate on loans with a rate on file. The spread is that rate minus Prime on the approval date, for variable-rate loans only. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) loan file, June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SOP 50 10 8.1: App. 19, Para. A (p. 404); Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127); App. 19, Para. B.3 (Para. B begins p. 408); App. 16, Para. B.2 (Para. B begins p. 388); Sec. B, Ch. 2 (p. 125); Sec. B, Ch. 2, Para. B.1 (p. 126); Sec. A, Ch. 5, Para. A.1 (p. 93); Sec. A, Ch. 1, Para. D.1 (p. 14); Sec. A, Ch. 1, Para. D.2 (p. 14); App. 17, Para. A.3 (p. 390); SBA Procedural Notice 5000-876777; 13 CFR § 120.160(a); 13 CFR § 121.301; 13 CFR § 120.212(c)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.100](https://www.ecfr.gov/current/title-13/section-120.100)
- [SOP 50 10 8.1: Sec. A, Ch. 1, Para. E (p. 18); 13 CFR § 120.110](https://www.ecfr.gov/current/title-13/section-120.110)
- [SOP 50 10 8.1: Sec. B, Ch. 2, Para. B.5 (Para. B begins p. 126); 13 CFR § 120.214(d)(4)](https://www.ecfr.gov/current/title-13/section-120.214)
- [SOP 50 10 8.1: Sec. A, Ch. 1, Para. D.1 (p. 14); 13 CFR § 121.301(b)(2)](https://www.ecfr.gov/current/title-13/section-121.301)
- [91 FR 53741 (Aug. 20, 2026)](https://www.govinfo.gov/content/pkg/FR-2026-08-20/pdf/2026-17042.pdf)
- [13 CFR § 121.201](https://www.ecfr.gov/current/title-13/section-121.201)