How many SBA 7(a) lenders serve the construction industry?

There are 184 active SBA 7(a) lenders that have originated construction acquisition loans, with a combined 752 loans nationwide.

What is the typical SBA loan rate for construction acquisitions?

The median SBA 7(a) acquisition loan rate for construction is approximately Prime + 2.25%. The SBA caps the spread at 3.0% for loans over $250,000.

Which states have the most construction SBA lenders?

The top states for construction SBA lending include .

Best SBA Lenders for Construction Business Acquisitions (2026)

#	Lender	Loans	Volume	Rate	Default Rate
1	The Huntington National Bank	79	$141.3M	P+2.25%	1.5%
2	Live Oak Bank	52	$86.7M	P+1.50%	0.8%
3	First Internet Bank of Indiana	42	$82.8M	P+2.75%	1.7%
4	Truliant FCU	22	$46.3M	P+2.75%	0.0%
5	T Bank, National Association	19	$49.2M	P+2.00%	0.0%
6	Brookline Bank	17	$43.7M	P+2.25%	0.8%
7	Old National Bank	13	$17.7M	P+0.30%	2.0%
8	Manufacturers and Traders Trust Company	13	$25.3M	P+2.25%	1.0%
9	Zions Bank, A Division of	11	$5.8M	P+0.70%	1.1%
10	Byline Bank	11	$26.8M	P+2.75%	1.6%
11	Banner Bank	10	$16.2M	P+2.00%	5.7%
12	Dogwood State Bank	10	$15.5M	P+2.75%	1.3%
13	Port 51 Lending LLC	9	$14.8M	P+2.75%	0.0%
14	United Midwest Savings Bank, National Association	9	$7.6M	P+2.75%	0.5%
15	Alerus Financial, National Association	9	$20.2M	P+2.00%	0.0%
16	Pinnacle Bank	9	$9.8M	P+2.25%	1.9%
17	Bangor Savings Bank	8	$2.7M	P+0.00%	0.0%
18	Pathward National Association	8	$28.6M	P+2.25%	4.5%
19	First National Bank of Pennsylvania	8	$12.9M	P+2.00%	1.2%
20	22nd State Bank	7	$16.5M	P+2.38%	0.0%
21	The Bancorp Bank National Association	7	$9.4M	P+1.00%	0.6%
22	Cadence Bank	7	$3.0M	P+2.63%	2.3%
23	U.S. Bank, National Association	7	$4.1M	P+0.74%	2.4%
24	CalPrivate Bank	6	$6.7M	P+3.00%	4.3%
25	First Resource Bank	6	$6.0M	P+1.75%	0.0%

SBA 7(a) Lending for Construction

184 SBA 7(a) lenders have originated 752 acquisition loans in the construction sector, totaling $1279.7M in volume. The median loan size is $1.1M, with a median interest rate of Prime + 2.25% (Prime + spread).

When evaluating lenders for a construction acquisition, compare loan volume (indicating experience in this sector), interest rates, and historical default rates. PLP (Preferred Lender Program) lenders have delegated SBA authority for faster loan processing.

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