How much do SBA lenders typically lend to a electrical contractors and other wiring installation contractors business?

The median SBA approval in NAICS 238210 is $100,000, with the middle 80% of loans between $20,000 and $750,000. Across all industries the median is $180,000.

Which lenders are most active in electrical contractors and other wiring installation contractors?

By dollars approved: The Huntington National Bank, Wells Fargo Bank, JPMorgan Chase Bank, U.S. Bank, Mortgage Capital Development Corporation. 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 electrical contractors and other wiring installation contractors considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.3% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 238210 · Construction

SBA loans for electrical contractors and other wiring installation contractors

10,910 SBA loans worth $3.39B have been approved in this industry since FY2010 - the #17 most-financed NAICS code in the country.

Median loan

$100,000

-44% vs all industries

Typical range

$20K-$750K

Middle 80%

Median rate

7.50%

7(a) initial note rate

Median term

10 yr

Charge-off rate

7.3%

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
The Huntington National Bank	842	$171.9M
Wells Fargo Bank	555	$121.6M
JPMorgan Chase Bank	712	$118.4M
U.S. Bank	874	$90.4M
Mortgage Capital Development Corporation	71	$69.0M
First Internet Bank of Indiana	38	$59.3M
Newtek Small Business Finance, Inc.	80	$58.2M
TD Bank	599	$57.1M
First Bank of the Lake	37	$56.9M
Newtek Bank	112	$51.0M

Geography

Where these loans were made

State	Loans	Share
California	1,460
New York	699
Florida	690
Texas	603
Ohio	585
Massachusetts	552
Michigan	366
Colorado	338

Approvals by fiscal year

’10

’11

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
26%
$50K - $150K
29%
$150K - $350K
22%
$350K - $1M
15%
$1M - $2M
5%
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 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 Roofing Contractors3,918 · $150,000

Common questions

How much do SBA lenders typically lend to a electrical contractors and other wiring installation contractors business?: The median SBA approval in NAICS 238210 is $100,000, with the middle 80% of loans between $20,000 and $750,000. Across all industries the median is $180,000.
Which lenders are most active in electrical contractors and other wiring installation contractors?: By dollars approved: The Huntington National Bank, Wells Fargo Bank, JPMorgan Chase Bank, U.S. Bank, Mortgage Capital Development Corporation. 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 electrical contractors and other wiring installation contractors considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.3% were charged off, versus 7.6% across all SBA lending. That is close to average.

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