How Much Can Construction and Mining (except Oil Well) Machinery and Equipment Merc Businesses Get in SBA Loans?
645 SBA loans totaling $357.3M have been approved for construction and mining (except oil well) machinery and equipment merc businesses (NAICS 423810). The average approved SBA loan is $554K, which is 63% above avg the $340K national average. 206 active lenders fund this industry with a 10.1% default rate on the matured 2018-2021 loan cohort.
At 10.1%, Construction and Mining (except Oil Well) Machinery and Equipment Merc sits well below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — low default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 423810 (Construction and Mining (except Oil Well) Machinery and Equipment Merc) received 645 SBA loans worth $357.3M across 5+ states. Average loan $554K, average term 126 months, 10.1% default rate (resolved-loan basis).206 active SBA-approved lenders fund this industry. Most construction and mining (except oil well) machinery and equipment merc loans use the SBA 504 program. There are approximately 4,853 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Construction and Mining (except Oil Well) Machinery and Equipment Merc?+87% growth
Which SBA Program Do Construction and Mining (except Oil Well) Machinery and Equipment Merc Businesses Use Most?
What Is the Best SBA Loan for Construction and Mining (except Oil Well) Machinery and Equipment Merc?
19% of construction and mining (except oil well) machinery and equipment merc loans use this program — ideal for real estate and major equipment purchases
Where Are Construction and Mining (except Oil Well) Machinery and Equipment Merc SBA Loans Most Common?
Top SBA Lenders for Construction and Mining (except Oil Well) Machinery and Equipment Merc
These banks have funded the most SBA loans for construction and mining (except oil well) machinery and equipment merc businesses (NAICS 423810). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 45 | $12.5M |
| 2 | JPMorgan Chase Bank, National Association(OH) | 32 | $7.4M |
| 3 | The Huntington National Bank(OH) | 25 | $12.5M |
| 4 | Truist Bank(NC) | 24 | $23.7M |
| 5 | TD Bank, National Association(DE) | 19 | $9.5M |
Construction and Mining (except Oil Well) Machinery and Equipment Merc Industry Context
Ready to Fund Your Construction and Mining (except Oil Well) Machinery and Equipment Merc Business?
PeerSense places SBA loans for construction and mining (except oil well) machinery and equipment merc businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
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How Does SBA Lending Work for Construction and Mining (except Oil Well) Machinery and Equipment Merc Businesses?
Across all SBA loan programs, 645 loans have been approved for businesses classified under NAICS 423810 (Construction and Mining (except Oil Well) Machinery and Equipment Merc), representing $357.3M in total capital deployed. The average approved loan of $554K is 63% above avg the national SBA average of $340K, with typical repayment terms of 126 months.
SBA lending for construction and mining (except oil well) machinery and equipment merc is accelerating — loan volume has grown approximately 87% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2021.
The industry sees a balanced mix of SBA programs, with 19% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching construction and mining (except oil well) machinery and equipment merc business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Construction and Mining (except Oil Well) Machinery and Equipment Merc SBA Loans
What is the average SBA loan size for construction and mining (except oil well) machinery and equipment merc businesses?
Which SBA loan program is best for a construction and mining (except oil well) machinery and equipment merc business?
How many lenders fund SBA loans for construction and mining (except oil well) machinery and equipment merc?
What states have the most SBA lending for construction and mining (except oil well) machinery and equipment merc?
How does PeerSense help construction and mining (except oil well) machinery and equipment merc businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Construction and Mining (except Oil Well) Machinery and Equipment Merc defined by NAICS code 423810. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.