NAICS sector 23

Construction

Name: SBA lending in Construction
Creator: U.S. Small Business Administration
License: https://www.usa.gov/government-works

115,753 SBA loans worth $35.99B across 31 industries in this sector.

Loans

115,753

Approved

$35.99B

Median loan

$100,000

Median term

10 yr

Charge-off rate

8.2%

vs 7.6% all sectors

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.

Inside the sector

All 31 industries

Industry	NAICS	Loans	Median loan	Median rate	Charge-off
All Other Specialty Trade Contractors	238990	15,723	$150,000	7.00%	7.3%
Residential Remodelers	236118	15,599	$50,000	8.74%	12.7%
Plumbing, Heating, and Air-Conditioning Contractors	238220	15,587	$141,000	7.35%	6.7%
Electrical Contractors and Other Wiring Installation Contractors	238210	10,910	$100,000	7.50%	7.3%
Commercial and Institutional Building Construction	236220	6,348	$150,000	7.25%	9.0%
Site Preparation Contractors	238910	6,105	$100,500	6.70%	4.9%
New Single-Family Housing Construction	236115	5,855	$75,000	8.25%	10.3%
Painting and Wall Covering Contractors	238320	4,412	$60,000	8.25%	10.7%
Roofing Contractors	238160	3,918	$150,000	7.75%	10.6%
Poured Concrete Foundation and Structure Contractors	238110	3,393	$120,000	6.99%	5.7%
Flooring Contractors	238330	3,129	$100,000	7.75%	8.6%
Finish Carpentry Contractors	238350	2,969	$70,000	8.00%	8.8%
Other Building Finishing Contractors	238390	2,495	$150,000	7.50%	6.6%
Drywall and Insulation Contractors	238310	2,424	$100,000	7.75%	7.5%
Masonry Contractors	238140	1,784	$75,000	7.50%	7.4%
Highway, Street, and Bridge Construction	237310	1,729	$200,000	6.25%	5.6%
Other Foundation, Structure, and Building Exterior Contractors	238190	1,600	$94,500	7.40%	8.0%
Other Building Equipment Contractors	238290	1,599	$152,000	7.00%	7.8%
Other Heavy and Civil Engineering Construction	237990	1,481	$248,000	6.25%	4.3%
Glass and Glazing Contractors	238150	1,414	$211,250	7.50%	7.9%
Industrial Building Construction	236210	1,180	$230,000	7.00%	5.9%
Water and Sewer Line and Related Structures Construction	237110	1,126	$150,000	6.50%	6.2%
Tile and Terrazzo Contractors	238340	1,095	$100,000	7.50%	7.5%
Power and Communication Line and Related Structures Construction	237130	919	$200,000	7.25%	9.8%
Framing Contractors	238130	687	$50,000	7.75%	8.3%
Structural Steel and Precast Concrete Contractors	238120	667	$180,000	6.65%	5.3%
Siding Contractors	238170	599	$50,000	7.60%	7.0%
New Multifamily Housing Construction	236116	494	$100,000	7.75%	13.7%
New Housing For-Sale Builders	236117	222	$150,000	6.36%	8.6%
Oil and Gas Pipeline and Related Structures Construction	237120	212	$212,150	6.00%	12.3%
Land Subdivision	237210	69	$100,000	6.00%	11.4%

Lenders

Most active in this sector

Lender	Loans	Approved
The Huntington National Bank	11,945	$2.05B
Wells Fargo Bank	5,822	$1.36B
Live Oak Banking Company	916	$974.7M
U.S. Bank	10,182	$965.8M
JPMorgan Chase Bank	5,720	$933.3M
Newtek Small Business Finance, Inc.	769	$611.1M
TD Bank	6,017	$595.0M
Mortgage Capital Development Corporation	599	$551.1M
Newtek Bank	957	$473.3M
First Internet Bank of Indiana	354	$468.2M

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

’26

Gross approval dollars. Final bar is a partial fiscal year.

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