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NAICS 236115 · Construction
SBA loans for new single-family housing construction
5,855 SBA loans worth $1.33B have been approved in this industry since FY2010 - the #40 most-financed NAICS code in the country.
Median loan
$75,000
-58% vs all industries
Typical range
$18K-$500K
Middle 80%
Median rate
8.25%
7(a) initial note rate
Median term
7.9 yr
Charge-off rate
10.3%
vs 7.6% all industries
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Most active in this industry
| Lender | Loans | Approved | Share |
|---|---|---|---|
| 1st Financial Bank USA | 86 | $165.6M | |
| Northeast Bank | 337 | $64.2M | |
| Newtek Bank | 107 | $57.8M | |
| The Huntington National Bank | 256 | $49.9M | |
| U.S. Bank | 560 | $34.8M | |
| JPMorgan Chase Bank | 335 | $32.3M | |
| TD Bank | 395 | $31.5M | |
| BayFirst National Bank | 153 | $29.6M | |
| Wells Fargo Bank | 301 | $26.3M | |
| Newtek Small Business Finance, Inc. | 40 | $24.1M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 673 | |
| New York | 445 | |
| Texas | 414 | |
| Massachusetts | 377 | |
| Florida | 299 | |
| Washington | 220 | |
| New Jersey | 188 | |
| Utah | 183 |
An SBA 7(a) lender for loans this size
84% of the SBA loans approved in new single-family housing construction since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K34%
- $50K - $150K31%
- $150K - $350K20%
- $350K - $1M11%
- $1M - $2M3%
- Over $2M2%
Franchise brands in New Single-Family Housing Construction
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Anchored Tiny Homes | 9 | $1.6M | |
| Paul Davis Restoration | 3 | $1.5M | |
| Servpro | 2 | $300K | |
| DreamMaker Bath & Kitchen Worldwide | 1 | $150K | |
| Garage Experts | 1 | $250K |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other construction industries
Common questions
- How much do SBA lenders typically lend to a new single-family housing construction business?
- The median SBA approval in NAICS 236115 is $75,000, with the middle 80% of loans between $17,500 and $500,000. Across all industries the median is $180,000.
- Which lenders are most active in new single-family housing construction?
- By dollars approved: 1st Financial Bank USA, Northeast Bank, Newtek Bank, The Huntington National Bank, U.S. Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
- Is new single-family housing construction considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.3% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
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