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.

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
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

Approvals by fiscal year

’10

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Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
38%
$50K - $150K
29%
$150K - $350K
20%
$350K - $1M
10%
$1M - $2M
2%
Over $2M
1%

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 Roofing Contractors3,918 · $150,000

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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