NAICS 532412 · Real Estate
SBA loans for construction, mining, and forestry machinery and equipment rental and leasing
539 SBA loans worth $401.5M have been approved in this industry since FY2010 - the #326 most-financed NAICS code in the country.
Median loan
$287,800
+60% vs all industries
Typical range
$30K-$2.0M
Middle 80%
Median rate
6.25%
7(a) initial note rate
Median term
10 yr
Charge-off rate
3.1%
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 |
|---|---|---|---|
| California Statewide Certified Development Corporation | 10 | $17.2M | |
| The Huntington National Bank | 16 | $11.9M | |
| Small Business Growth Corporation | 6 | $11.6M | |
| U.S. Bank | 26 | $10.5M | |
| Live Oak Banking Company | 5 | $10.2M | |
| Pinnacle Bank | 5 | $9.8M | |
| Newtek Small Business Finance, Inc. | 5 | $9.7M | |
| Arizona Financial Credit Union | 3 | $9.6M | |
| Wells Fargo Bank | 31 | $9.2M | |
| Beacon Bank and Trust | 12 | $9.0M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 81 | |
| Texas | 43 | |
| Utah | 29 | |
| New York | 27 | |
| Ohio | 22 | |
| Pennsylvania | 18 | |
| Colorado | 18 | |
| Washington | 16 |
Approvals by fiscal year
’10
’11
’12
’13
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K14%
- $50K - $150K20%
- $150K - $350K20%
- $350K - $1M20%
- $1M - $2M15%
- Over $2M11%
Nearby
Other real estate industries
Offices of Real Estate Agents and Brokers4,900 · $100,000Lessors of Miniwarehouses and Self-Storage Units3,561 · $839,000Lessors of Nonresidential Buildings3,432 · $515,000Residential Property Managers2,560 · $150,000Other Activities Related to Real Estate2,207 · $200,000Other Commercial and Industrial Machinery and Equipment Rental and Leasing1,472 · $282,500Nonresidential Property Managers705 · $221,000General Rental Centers690 · $270,000
Common questions
- How much do SBA lenders typically lend to a construction, mining, and forestry machinery and equipment rental and leasing business?
- The median SBA approval in NAICS 532412 is $287,800, with the middle 80% of loans between $30,000 and $2,000,000. Across all industries the median is $180,000.
- Which lenders are most active in construction, mining, and forestry machinery and equipment rental and leasing?
- By dollars approved: California Statewide Certified Development Corporation, The Huntington National Bank, Small Business Growth Corporation, 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 construction, mining, and forestry machinery and equipment rental and leasing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 3.1% 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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