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NAICS 238320 · Construction
SBA loans for painting and wall covering contractors
4,412 SBA loans worth $792.6M have been approved in this industry since FY2010 - the #53 most-financed NAICS code in the country.
Median loan
$60,000
-67% vs all industries
Typical range
$15K-$400K
Middle 80%
Median rate
8.25%
7(a) initial note rate
Median term
10 yr
Charge-off rate
10.7%
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 |
|---|---|---|---|
| The Huntington National Bank | 557 | $76.1M | |
| Wells Fargo Bank | 227 | $35.6M | |
| United Midwest Savings Bank | 235 | $34.4M | |
| U.S. Bank | 578 | $34.2M | |
| Live Oak Banking Company | 42 | $31.0M | |
| JPMorgan Chase Bank | 214 | $22.0M | |
| TD Bank | 278 | $18.8M | |
| First Bank of the Lake | 28 | $12.1M | |
| Northeast Bank | 95 | $12.0M | |
| BayFirst National Bank | 65 | $12.0M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 449 | |
| Ohio | 360 | |
| Florida | 286 | |
| Massachusetts | 275 | |
| New York | 242 | |
| Texas | 230 | |
| Colorado | 185 | |
| Michigan | 176 |
An SBA 7(a) lender for loans this size
87% of the SBA loans approved in painting and wall covering contractors 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 $50K38%
- $50K - $150K29%
- $150K - $350K20%
- $350K - $1M10%
- $1M - $2M2%
- Over $2M1%
Franchise brands in Painting and Wall Covering Contractors
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| CertaPro Painters | 136 | $50.1M | |
| 360 Painting | 109 | $17.7M | |
| Five Star Painting | 76 | $11.7M | |
| That 1 Painter | 42 | $8.8M | |
| Spray-Net | 37 | $6.4M | |
| Groovy Hues; Groovy Hues Painting | 35 | $8.9M | |
| LIME Painting | 28 | $3.6M | |
| Fresh Coat | 27 | $5.5M | |
| Painter Bros | 25 | $5.5M | |
| Color World Housepainting | 18 | $2.5M |
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 painting and wall covering contractors business?
- The median SBA approval in NAICS 238320 is $60,000, with the middle 80% of loans between $15,000 and $400,000. Across all industries the median is $180,000.
- Which lenders are most active in painting and wall covering contractors?
- By dollars approved: The Huntington National Bank, Wells Fargo Bank, United Midwest Savings Bank, U.S. Bank, Live Oak Banking Company. 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 painting and wall covering contractors considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.7% 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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