Lending data
Who lends to construction and contracting businesses, state by state
29,275 SBA 7(a) loans to construction and contracting businesses across 51 states, with the most active lender and the median loan in each.
29,275 SBA 7(a) loans went to construction and contracting businesses across 51 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| California | 2,913 | $150,000 | 20% | U.S. Bank |
| Florida | 2,397 | $200,000 | 22% | TD Bank |
| New York | 2,037 | $105,000 | 18% | TD Bank |
| Ohio | 1,920 | $80,000 | 21% | The Huntington National Bank |
| Texas | 1,831 | $200,000 | 32% | The Huntington National Bank |
| Michigan | 1,248 | $100,000 | 16% | The Huntington National Bank |
| Pennsylvania | 1,135 | $100,000 | 28% | The Huntington National Bank |
| New Jersey | 1,025 | $110,000 | 22% | TD Bank |
| Massachusetts | 998 | $100,000 | 22% | Eastern Bank |
| Washington | 943 | $100,000 | 23% | Columbia Bank |
| Colorado | 940 | $181,500 | 28% | The Huntington National Bank |
| Illinois | 901 | $148,000 | 22% | The Huntington National Bank |
| Minnesota | 720 | $125,000 | 28% | U.S. Bank |
| North Carolina | 649 | $250,000 | 34% | The Huntington National Bank |
| Oregon | 605 | $50,000 | 22% | U.S. Bank |
| Arizona | 597 | $250,000 | 28% | JPMorgan Chase Bank |
| Utah | 561 | $150,000 | 28% | Zions Bank |
| Georgia | 555 | $200,000 | 36% | The Huntington National Bank |
| Indiana | 551 | $150,000 | 28% | The Huntington National Bank |
| Missouri | 489 | $150,000 | 32% | U.S. Bank |
| Connecticut | 474 | $101,750 | 19% | Manufacturers and Traders Trust Company |
| Maryland | 468 | $100,000 | 26% | Manufacturers and Traders Trust Company |
| Idaho | 450 | $100,000 | 33% | Zions Bank |
| Wisconsin | 424 | $150,000 | 32% | U.S. Bank |
| Virginia | 418 | $150,000 | 31% | Manufacturers and Traders Trust Company |
| New Hampshire | 378 | $75,250 | 22% | TD Bank |
| Tennessee | 340 | $150,000 | 37% | U.S. Bank |
| South Carolina | 331 | $181,700 | 34% | TD Bank |
| Nevada | 275 | $137,000 | 25% | U.S. Bank |
| Kentucky | 269 | $125,000 | 34% | U.S. Bank |
| Louisiana | 236 | $155,950 | 25% | American Bank |
| Oklahoma | 215 | $200,000 | 35% | BancFirst |
| Kansas | 179 | $150,000 | 35% | U.S. Bank |
| Nebraska | 175 | $150,000 | 36% | Union Bank and Trust Company |
| Iowa | 162 | $50,000 | 39% | U.S. Bank |
| Alabama | 158 | $150,000 | 30% | The Huntington National Bank |
| Maine | 157 | $75,000 | 32% | TD Bank |
| Arkansas | 135 | $125,000 | 38% | U.S. Bank |
| Rhode Island | 124 | $100,000 | 18% | BankNewport |
| New Mexico | 116 | $140,000 | 34% | U.S. Bank |
| Montana | 104 | $120,000 | 38% | U.S. Bank |
| Delaware | 101 | $78,000 | 30% | Manufacturers and Traders Trust Company |
| Vermont | 98 | $50,000 | 42% | TD Bank |
| Hawaii | 95 | $50,000 | 19% | Central Pacific Bank |
| West Virginia | 85 | $100,000 | 14% | The Huntington National Bank |
| Mississippi | 81 | $140,000 | 41% | Peoples Bank |
| South Dakota | 65 | $100,000 | 28% | U.S. Bank |
| North Dakota | 47 | $100,000 | 28% | Bravera Bank |
| Alaska | 39 | $200,000 | 31% | Wells Fargo Bank |
| Wyoming | 33 | $150,000 | 21% | Celtic Bank Corporation |
| District of Columbia | 28 | $230,000 | 32% | Manufacturers and Traders Trust Company |
What 7(a) lending to construction and contracting businesses looks like nationally
| Measure | Construction and contracting | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 29,436 | 214,102 |
| Median loan | $150,000 | $150,000 |
| 25th - 75th percentile | $50,000 - $328,450 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.50% | 10.25% |
| Share to startups | 25.1% | 33.6% |
| Charge-off rate, FY2010-19 | 7.9% | 7.1% |
| Jobs supported | 235,094 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loan sizes are typical. The median of $150,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- This is a hard market for new businesses. Only 25% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
How financing works in this sector
The numbers above say who lends and on what terms. For what actually changes about financing construction and contracting businesses — which products fit the working capital cycle, which metrics underwriters focus on, and which questions get asked — see our construction and contracting financing guide.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.