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.

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
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

Approvals by fiscal year

’10

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Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
34%
$50K - $150K
31%
$150K - $350K
20%
$350K - $1M
11%
$1M - $2M
3%
Over $2M
2%

Nearby

Other construction industries

See the sector

All Other Specialty Trade Contractors15,723 · $150,000 Residential Remodelers15,599 · $50,000 Plumbing, Heating, and Air-Conditioning Contractors15,587 · $141,000 Electrical Contractors and Other Wiring Installation Contractors10,910 · $100,000 Commercial and Institutional Building Construction6,348 · $150,000 Site Preparation Contractors6,105 · $100,500 Painting and Wall Covering Contractors4,412 · $60,000 Roofing Contractors3,918 · $150,000

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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