Top SBA Acquisition Lenders for Construction
197 SBA 7(a) lenders specializing in construction acquisitions nationwide.
Lenders
nationwide
Total Volume
Median Rate
Median Loan Size
Top Construction Lenders
Top 25 Construction Lenders
| # | 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 | Community Bank & Trust-West Georgia | 9 | $16.0M | P+2.75% | 2.7% |
| 16 | Alerus Financial, National Association | 9 | $20.2M | P+2.00% | 0.0% |
| 17 | TowneBank | 8 | $12.2M | P+2.75% | 0.4% |
| 18 | Pathward National Association | 8 | $28.6M | P+2.25% | 4.8% |
| 19 | First National Bank of Pennsylvania | 8 | $12.9M | P+2.00% | 1.2% |
| 20 | Bangor Savings Bank | 8 | $2.7M | P+0.00% | 0.0% |
| 21 | The Bancorp Bank National Association | 7 | $9.4M | P+1.00% | 0.6% |
| 22 | Pinnacle Bank | 7 | $14.0M | P+2.00% | 2.2% |
| 23 | 22nd State Bank | 7 | $16.5M | P+2.38% | 0.0% |
| 24 | U.S. Bank, National Association | 7 | $4.1M | P+0.74% | 2.4% |
| 25 | Cadence Bank | 7 | $3.0M | P+2.63% | 2.3% |
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Customize your search →SBA 7(a) Lending for Construction
197 SBA 7(a) lenders have originated 792 acquisition loans in the construction sector, totaling $1355.4M 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.
Frequently Asked Questions
How many SBA 7(a) lenders serve the construction industry?
There are 197 active SBA 7(a) lenders that have originated construction acquisition loans, with a combined 792 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 .
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the construction sector. 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.