Windsor Advantage

We recently explored the top performing industries that have utilized the SBA 7(a) Loan Program to secure small-business financing, and among this group, Offices of Certified Public Accountants (NAICS Code: 541211) ranked #18 on our list.  Helping more than 3,100 firms from FY2010-2018, accountants have historically found the program to be one of the most popular ways to start or expand operations.

Offices of Lawyers (NAICS Code: 541110) ranked #11 in our latest research on the top 20 performing industries for SBA financing over the last decade.  During this period, attorneys received more than 5,800 SBA 7(a) loans totaling roughly $1.15 billion.  Attorneys find the 7(a) Program to be one of the most attractive options for financing as a result of the flexibility surrounding the permissible uses of proceeds, such as continuing legal education, refinancing existing debt and working capital to cover case expenses.

In our latest analysis of the top 20 performing industries, Engineering Services (NAICS Code: 541330) ranked #20.  From October 1, 2009 to December 21, 2018, engineering firms received 3,058 SBA loans totaling roughly $1.06 billion.  While “engineering services” is a broad category covering many types of engineers, the need for capital and the value of SBA financing is similar across all categories.