Top SBA Lenders in California for Construction
7 SBA 7(a) lenders active in California's construction sector.
Lenders
31 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.9%
Top Construction Lenders in California
Rate Distribution (Construction in California)
All Construction Lenders in California
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | CalPrivate Bank | 6 | $6.7M | P+3.00% | 4.3% |
| 2 | Mission Bank | 5 | $11.2M | P+2.75% | 0.0% |
| 3 | First Business Bank | 4 | $3.4M | P+2.38% | 3.0% |
| 4 | The Bancorp Bank National Association | 4 | $6.9M | P+1.00% | 0.6% |
| 5 | American Riviera Bank | 4 | $1.6M | P+2.00% | 0.0% |
| 6 | First Internet Bank of Indiana | 4 | $11.7M | P+2.75% | 1.7% |
| 7 | Live Oak Bank | 4 | $6.6M | P+1.50% | 1.3% |
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7 SBA 7(a) lenders are active in California's construction sector, having originated 31 loans totaling $48.0M. The median rate for construction acquisitions in California is Prime + 2.38%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 1.7%, which is below the state average of 1.9% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in construction in California?
7 SBA 7(a) lenders have originated construction acquisition loans in California, with a combined 31 loans.
What rate can I expect for a construction acquisition in California?
The median rate is Prime + 2.38% (Prime + spread). This compares to a statewide median of Prime + 2.25%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for construction SBA loans in California?
The 10-year cumulative default rate is 1.7%, compared to a statewide average of 1.9%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.