Construction
SBA Lenders for Construction
Top lenders ranked by real SBA lending data for construction nationwide.
What Borrowers Should Know
Construction borrowers in this dataset face a pricing penalty of 42 basis points above the national 7(a) median spread (P+3.17% vs P+2.75%). This suggests lenders view construction as higher-risk or less desirable, meaning your loan costs will be notably higher than borrowers in other industries with similar creditworthiness.
With only 8 SBA deals totaling $1M across 5 different states and 8 lenders, the construction market shows extremely sparse lending activity—no single lender has built meaningful volume or expertise in this segment. This fragmentation may force you to shop harder to find a lender genuinely interested in construction, but it also means less competitive pressure on loan terms if you identify an engaged partner.
The average deal size of $96,188 is unusually small for construction—typical construction loans often exceed $500K. This gap suggests either that small construction projects are underserved by SBA financing, or that construction borrowers are using other funding sources. If your project is mid-sized, you may find SBA lenders unprepared to structure appropriate loan amounts.
Total SBA Loans
8
Active Lenders
8
Avg Deal Size
$96K
Total Volume
$770K
Top Lenders for Construction
Ranked by total deal count nationwide.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Glacier Bank | Bank | 1 | $40K | P + 3.75%HIGH | |
| 2 | Outdoor Bank | Bank | 1 | $50K | P + 3.70%HIGH | |
| 3 | Citibank, N.A. | Bank | 1 | $10K | P + 6.25%HIGH | |
| 4 | Rockland Trust Company | Bank | 1 | $100K | P + 1.00%COMPETITIVE | |
| 5 | First Bank | Bank | 1 | $250K | P + 1.75%GOOD | |
| 6 | Quad City Bank and Trust Company | Bank | 1 | $222K | P + 2.75%AVERAGE | |
| 7 | Brookline Bank, a Division of Beacon Bank and Trust | Bank | 1 | $48K | P + 0.16%COMPETITIVE | |
| 8 | Mountain America FCU | Bank | 1 | $50K | P + 6.00%HIGH |
Top States for Construction
Where construction SBA lending is most active.