SBA lending by industry
Construction
SBA lenders funded 56,798 7(a) and 504 loans in Construction, totaling $23.2B at an average of $408K per loan. The most active lender in this sector is The Huntington National Bank, and the most funding goes to California.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
NAICS sector
23
Funded loans
56,798
Total volume
$23.2B
Average loan size
$408K
Do you qualify as a small business here?
To use an SBA loan, your business has to count as small under the SBA size standard for its specific NAICS code. In Construction, standards are generally based on your average annual receipts (revenue), but the exact threshold is set per 6-digit NAICS code and varies within the sector, so check yours with the official tool. Our eligibility guide explains the rest.
Check your SBA size standardMost active SBA lenders in Construction
| Lender | Loans | Total volume |
|---|---|---|
| The Huntington National Bank | 6,573 | $1.4B |
| Live Oak Banking Company | 831 | $906.2M |
| Mortgage Capital Development Corporation | 576 | $528.6M |
| Newtek Bank, National Association | 868 | $448.3M |
| U.S. Bank, National Association | 4,048 | $444.0M |
| First Internet Bank of Indiana | 328 | $440.9M |
| JPMorgan Chase Bank, National Association | 1,949 | $435.7M |
| Newtek Small Business Finance, Inc. | 495 | $401.3M |
Where Construction loans go
| State | Loans | Total volume |
|---|---|---|
| California | 6,805 | $3.7B |
| Florida | 4,449 | $2.3B |
| Texas | 3,122 | $1.5B |
| New York | 3,407 | $1.1B |
| Colorado | 1,852 | $1.0B |
| Ohio | 3,645 | $808.9M |
| Washington | 1,729 | $711.1M |
| Utah | 1,334 | $690.4M |
Construction SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 447 | $169.4M |
| 2011 | 441 | $158.6M |
| 2012 | 504 | $222.6M |
| 2013 | 484 | $209.7M |
| 2014 | 393 | $179.3M |
| 2015 | 435 | $223.7M |
| 2016 | 444 | $213.7M |
| 2017 | 480 | $249.7M |
| 2018 | 508 | $284.8M |
| 2019 | 536 | $303.2M |
| 2020 | 5,700 | $2.2B |
| 2021 | 6,203 | $3.2B |
| 2022 | 6,519 | $2.7B |
| 2023 | 8,148 | $3.0B |
| 2024 | 10,461 | $3.7B |
| 2025 | 11,263 | $4.6B |
| 2026 | 3,832 | $1.6B |
Sources and disclaimer. Figures are computed from the
U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.