How much do SBA lenders typically lend to a land subdivision business?

The median SBA approval in NAICS 237210 is $100,000, with the middle 80% of loans between $20,000 and $781,200. Across all industries the median is $180,000.

Which lenders are most active in land subdivision?

By dollars approved: Horizon Bank, Fifth Third Bank, BancFirst, Stellar 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 land subdivision considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 11.4% 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 237210 · Construction

SBA loans for land subdivision

69 SBA loans worth $24.5M have been approved in this industry since FY2010 - the #780 most-financed NAICS code in the country.

Median loan

$100,000

-44% vs all industries

Typical range

$20K-$781K

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

7 yr

Charge-off rate

11.4%

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
Horizon Bank	1	$4.6M
Fifth Third Bank	4	$4.0M
BancFirst	4	$3.0M
Stellar Bank	1	$1.6M
U.S. Bank	12	$1.4M
Newtek Small Business Finance, Inc.	1	$975K
Camden National Bank	1	$951K
ServisFirst Bank	1	$950K
Zions Bank, A Division of	3	$834K
HEDCO Local Development Corporation	1	$616K

Geography

Where these loans were made

State	Loans	Share
California	9
Texas	7
Oklahoma	5
New York	4
Arizona	4
Minnesota	3
Florida	3
Tennessee	2

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
35%
$50K - $150K
22%
$150K - $350K
17%
$350K - $1M
20%
$1M - $2M
3%
Over $2M
3%

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 New Single-Family Housing Construction5,855 · $75,000 Painting and Wall Covering Contractors4,412 · $60,000

Common questions

How much do SBA lenders typically lend to a land subdivision business?: The median SBA approval in NAICS 237210 is $100,000, with the middle 80% of loans between $20,000 and $781,200. Across all industries the median is $180,000.
Which lenders are most active in land subdivision?: By dollars approved: Horizon Bank, Fifth Third Bank, BancFirst, Stellar 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 land subdivision considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 11.4% 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.

We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.