Construction

192,066 SBA loans totaling $46.0B.

Total Loans

192,066

1991–2025

Total Volume

$46.0B

Gross approval amount

Avg Loan Size

$239K

Median: $80K

Default Rate

12.7%

Avg rate: 7.82%

Loan Status

Active20.2%

Paid in Full55.3%

Charged Off10.9%

Cancelled11.5%

Committed1.7%

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Construction — Annual Lending Volume

Top States

Loan Size Distribution

Top Lenders for Construction

Lender	Loans	Volume▼	Avg Rate	Default Rate
Wells Fargo Bank National Association	11,175	$2.2B	8.40%	14.8%
The Huntington National Bank	11,872	$1.9B	7.25%	3.9%
U.S. Bank, National Association	16,283	$1.6B	8.46%	12.4%
JPMorgan Chase Bank, National Association	10,352	$1.2B	8.33%	20.5%
Live Oak Banking Company	815	$916.4M	8.37%	0.7%
TD Bank, National Association	6,766	$703.3M	9.53%	10.2%
Bank of America, National Association	8,821	$639.9M	7.97%	30.5%
Manufacturers and Traders Trust Company	5,749	$635.6M	8.33%	10.0%
Newtek Small Business Finance, Inc.	830	$632.0M	7.55%	7.8%
Readycap Lending, LLC	1,541	$576.3M	11.78%	10.8%
KeyBank National Association	2,873	$565.7M	7.29%	10.7%
PNC Bank, National Association	5,722	$555.0M	8.59%	17.9%
Columbia Bank	2,088	$544.9M	8.17%	10.2%
Zions Bank, A Division of	3,362	$513.2M	8.34%	15.4%
BMO Bank National Association	1,242	$489.4M	5.95%	7.7%
Northeast Bank	2,308	$487.4M	10.17%	9.2%
Truist Bank	1,734	$462.6M	6.36%	11.5%
First Internet Bank of Indiana	323	$441.4M	9.54%	2.5%
Newtek Bank, National Association	797	$429.4M	11.44%	0.0%
BayFirst National Bank	1,851	$381.2M	10.30%	9.2%
Enterprise Bank & Trust	502	$380.7M	6.13%	2.8%
Byline Bank	325	$351.0M	7.56%	6.4%
Cadence Bank	856	$317.0M	8.46%	6.3%
Brookline Bank, a Division of Beacon Bank and Trust	938	$289.7M	6.25%	5.9%
First Bank of the Lake	340	$281.7M	10.23%	0.0%

Sub-Industries within Construction

Sub-Industry	Loans	Volume▼	Avg Size	Default Rate
All Other Specialty Trade Contractors	22,080	$6.8B	$307K	11.5%
Plumbing, Heating, and Air-Conditioning Contractors	20,671	$6.0B	$289K	10.0%
Electrical Contractors	18,975	$4.4B	$234K	11.2%
Commercial and Institutional Building Construction	10,253	$3.0B	$293K	11.5%
Residential Remodelers	20,306	$2.6B	$126K	14.8%
Site Preparation Contractors	8,345	$2.4B	$288K	8.5%
New Single-Family Housing Construction (except Operative Builders)	10,198	$1.6B	$161K	20.0%
Roofing Contractors	4,787	$1.5B	$313K	10.5%
Poured Concrete Foundation and Structure Contractors	4,749	$1.2B	$253K	11.5%
Flooring Contractors	4,514	$1.1B	$233K	15.3%
Other Building Finishing Contractors	3,328	$976.2M	$293K	10.6%
Highway, Street, and Bridge Construction	2,420	$956.6M	$395K	7.4%
Other Heavy and Civil Engineering Construction	1,999	$944.0M	$472K	6.1%
Painting and Wall Covering Contractors	6,419	$909.5M	$142K	15.8%
Glass and Glazing Contractors	2,568	$899.6M	$350K	10.0%
Plumbing, Heating, and Air Conditioning Contractors	4,846	$831.1M	$172K	11.9%
Drywall and Insulation Contractors	3,589	$807.2M	$225K	13.9%
Finish Carpentry Contractors	4,350	$789.5M	$181K	15.4%
Other Building Equipment Contractors	2,395	$750.7M	$313K	12.7%
Industrial Building Construction	1,663	$651.3M	$392K	10.4%
Water and Sewer Line and Related Structures Construction	1,628	$537.4M	$330K	8.5%
Other Foundation, Structure, and Building Exterior Contractors	2,366	$482.0M	$204K	12.1%
Masonry Contractors	2,788	$481.5M	$173K	15.0%
Power and Communication Line and Related Structures Construction	1,168	$469.2M	$402K	9.6%
Tile and Terrazzo Contractors	1,797	$423.2M	$236K	17.4%

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