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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

’12

’14

’16

’18

’20

’22

’24

’26

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

An SBA 7(a) lender for loans this size

77% of the SBA loans approved in the construction sector 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 SmartBiz

We 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.

By state

Construction SBA lending in 53 states

Each state page lists the lenders and industries behind the sector's loans there. States with fewer than 20 loans in the sector have no page.

California12,804 · $200,000 Ohio8,186 · $50,000 New York7,479 · $90,000 Florida7,193 · $150,000 Texas6,770 · $150,000 Massachusetts4,855 · $70,000 Michigan4,276 · $100,000 Pennsylvania3,812 · $81,650 Illinois3,624 · $141,700 Minnesota3,591 · $103,000 Colorado3,562 · $150,000 Washington3,443 · $100,000 New Jersey3,134 · $100,000 Utah2,651 · $143,000 Wisconsin2,550 · $125,000 Arizona2,398 · $192,900 Indiana2,315 · $103,000 Oregon2,241 · $50,000 Missouri2,108 · $106,000 North Carolina1,968 · $150,000 Georgia1,902 · $208,000 Maryland1,693 · $100,000 Virginia1,692 · $150,000 Connecticut1,685 · $100,000 Idaho1,607 · $82,000 New Hampshire1,486 · $64,000 Tennessee1,058 · $100,000 Kentucky1,051 · $67,000 Nevada1,031 · $150,000 Oklahoma972 · $176,000 Iowa946 · $109,400 Nebraska914 · $111,750 South Carolina913 · $150,000 Kansas858 · $150,000 Hawaii807 · $50,000 Louisiana767 · $150,000 Maine694 · $61,200 Montana679 · $100,000 Rhode Island668 · $100,000 Alabama646 · $149,700 New Mexico549 · $123,000 North Dakota540 · $123,500 Puerto Rico539 · $75,000 Arkansas489 · $75,000 Vermont440 · $50,000 South Dakota424 · $141,000 Mississippi401 · $76,600 Delaware340 · $75,000 West Virginia328 · $80,000 Alaska246 · $200,700 Wyoming231 · $115,900 District of Columbia94 · $100,000 Guam85 · $100,000

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