SBA by industry · NAICS 23
SBA lenders for construction trades
1,051 lenders made at least one SBA loan to construction trades in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 2,700 of the 25,325 on record.
- Evidence
- SBA 7(a) and 504 first-lien loans, 36 months ending September 30, 2026
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 1,051
- SBA FOIA,
- SBA loans, 36 months
- 25,325
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $10.3B
- SBA FOIA,
- Typical loan
- $150K
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for construction trades, https://lender.report/sba-lenders-for/construction-trades/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | Last 12 months |
|---|---|---|---|---|---|
| The Huntington National Bank | Bank | Columbus, OH | 2,700 | $697M | 396 |
| U.S. Bank National Association | Bank | Cincinnati, OH | 2,190 | $285M | 686 |
| TD Bank, National Association | Bank | Wilmington, DE | 1,545 | $224M | 344 |
| JPMorgan Chase Bank, National Association | Bank | Columbus, OH | 1,250 | $331M | 180 |
| Manufacturers and Traders Trust Company | Bank | Buffalo, NY | 1,108 | $125M | 481 |
| Northeast Bank | Bank | Portland, ME | 991 | $182M | 253 |
| Readycap Lending, LLC | Non-bank | Berkeley Heights, NJ | 876 | $246M | 168 |
| BayFirst National Bank | Bank | Saint Petersburg, FL | 664 | $103M | 1 |
| United Midwest Savings Bank, National Association | Bank | Degraff, OH | 603 | $153M | 192 |
| Newtek Bank, National Association | Bank | Miami, FL | 588 | $238M | 216 |
| Wells Fargo Bank, National Association | Bank | Sioux Falls, SD | 541 | $175M | 48 |
| Live Oak Banking Company | Bank | Wilmington, NC | 492 | $445M | 192 |
| Zions Bancorporation, N.A. | Bank | Salt Lake City, UT | 455 | $116M | 158 |
| Lendistry SBLC, LLC | Non-bank | Los Angeles, CA | 412 | $96.6M | 123 |
| Columbia Bank | Bank | Roseburg, OR | 411 | $45.7M | 146 |
| Celtic Bank | Bank | Salt Lake City, UT | 311 | $77.9M | 98 |
| PNC Bank, National Association | Bank | Wilmington, DE | 275 | $46.8M | 38 |
| First Bank of the Lake | Bank | Osage Beach, MO | 259 | $166M | 59 |
| SmartBiz Bank, National Association | Bank | Northbrook, IL | 256 | $56.9M | 199 |
| Bank of America, National Association | Bank | Charlotte, NC | 250 | $178M | 43 |
| First Internet Bank of Indiana | Bank | Fishers, IN | 237 | $340M | 58 |
| KeyBank National Association | Bank | Cleveland, OH | 234 | $47.1M | 67 |
| Eastern Bank | Bank | Boston, MA | 222 | $38.3M | 61 |
| Banner Bank | Bank | Walla Walla, WA | 196 | $53.3M | 46 |
| Santander Bank, N.A. | Bank | Wilmington, DE | 168 | $34.7M | 25 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| State | Loans | Dollars |
|---|---|---|
| California | 2,868 | $1.35B |
| Florida | 2,068 | $1.18B |
| New York | 1,645 | $543M |
| Texas | 1,555 | $761M |
| Ohio | 1,374 | $344M |
| Michigan | 949 | $283M |
| Pennsylvania | 920 | $310M |
| Massachusetts | 879 | $236M |
| Colorado | 850 | $455M |
| Washington | 846 | $271M |
| New Jersey | 786 | $268M |
| Illinois | 749 | $238M |
| Minnesota | 604 | $245M |
| Arizona | 575 | $307M |
| North Carolina | 557 | $324M |
| Industry | Loans |
|---|---|
| Residential Remodelers | 4,091 |
| Plumbing, Heating, and Air-Conditioning Contractors | 3,562 |
| All Other Specialty Trade Contractors | 3,229 |
| Electrical Contractors and Other Wiring Installation Contractors | 2,349 |
| New Single-Family Housing Construction (except For-Sale Builders) | 1,289 |
| Commercial and Institutional Building Construction | 1,178 |
| Site Preparation Contractors | 1,139 |
| Painting and Wall Covering Contractors | 1,116 |
- SBA lenders recorded 25,325 loans to construction trades totaling $10.3B in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The five most active lenders made 34.7% of those loans. SBA FOIA,
- Banks and savings institutions made 22,694 of them, credit unions 779, and non-banks 1,797. SBA FOIA,
- 223 lenders recorded 10 or more of these loans. SBA FOIA,
- 55 of these loans were made by lenders that have since merged or closed, or that the file lists under a name with no lender record here. They are counted in the totals here and appear in no lender's row. SBA FOIA,
- The SBA file shows 6,998 approvals of these loans dated in the 12 months to September 30, 2026, versus 9,484 in the prior 12 months. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- The typical SBA loans to construction trade in this group was about $150K, with the middle half between $50K and $350K. SBA FOIA,
- Lenders reported a median rate of 10.50% on 24,107 loans in this group, with the middle half between 9.50% and 11.50%. SBA FOIA,
- The median term in this group was 10 years. SBA FOIA,
- California (2,868), Florida (2,068), New York (1,645) recorded the most of these loans. SBA FOIA,
- The most common detailed industry was Residential Remodelers (4,091 loans). SBA FOIA,
How this list is defined
- Measure
- SBA loans made to construction trades
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 23.
- Order
- Largest first by loans in the 36 months, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
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Every loan counted here carried one of these NAICS codes in the SBA file. Loans are approvals, net of cancelled approvals. Lenders that merged or stopped filing are left out.
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Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.