How much do SBA lenders typically lend to a structural steel and precast concrete contractors business?

The median SBA approval in NAICS 238120 is $180,000, with the middle 80% of loans between $25,600 and $1,260,000. Across all industries the median is $180,000.

Which lenders are most active in structural steel and precast concrete contractors?

By dollars approved: Hawthorn Bank, CDC Small Business Finance Corp., JPMorgan Chase Bank, U.S. Bank, Wells Fargo 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 structural steel and precast concrete contractors considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.3% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 238120 · Construction

SBA loans for structural steel and precast concrete contractors

667 SBA loans worth $303.0M have been approved in this industry since FY2010 - the #280 most-financed NAICS code in the country.

Median loan

$180,000

+0% vs all industries

Typical range

$26K-$1.3M

Middle 80%

Median rate

6.65%

7(a) initial note rate

Median term

10 yr

Charge-off rate

5.3%

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
Hawthorn Bank	10	$10.9M
CDC Small Business Finance Corp.	5	$10.6M
JPMorgan Chase Bank	48	$9.5M
U.S. Bank	50	$9.1M
Wells Fargo Bank	26	$9.0M
Byline Bank	2	$8.9M
Bay Area Employment Development Company	6	$8.9M
Mortgage Capital Development Corporation	6	$7.6M
The Huntington National Bank	30	$6.4M
BayFirst National Bank	10	$6.3M

Geography

Where these loans were made

State	Loans	Share
California	106
New York	47
Texas	42
Florida	29
New Jersey	27
Missouri	25
Washington	24
Wisconsin	23

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

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’21

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’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
14%
$50K - $150K
28%
$150K - $350K
25%
$350K - $1M
20%
$1M - $2M
7%
Over $2M
6%

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 structural steel and precast concrete contractors business?: The median SBA approval in NAICS 238120 is $180,000, with the middle 80% of loans between $25,600 and $1,260,000. Across all industries the median is $180,000.
Which lenders are most active in structural steel and precast concrete contractors?: By dollars approved: Hawthorn Bank, CDC Small Business Finance Corp., JPMorgan Chase Bank, U.S. Bank, Wells Fargo 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 structural steel and precast concrete contractors considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.3% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

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