How Much Can Construction, Mining, and Forestry Machinery and Equipment Rental and Businesses Get in SBA Loans?
944 SBA loans totaling $508.7M have been approved for construction, mining, and forestry machinery and equipment rental and businesses (NAICS 532412). The average approved SBA loan is $539K, which is 58% above avg the $340K national average. 303 active lenders fund this industry with a 9.9% default rate on the matured 2018-2021 loan cohort.
At 9.9%, Construction, Mining, and Forestry Machinery and Equipment Rental and 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 532412 (Construction, Mining, and Forestry Machinery and Equipment Rental and) received 944 SBA loans worth $508.7M across 5+ states. Average loan $539K, average term 122 months, 9.9% default rate (resolved-loan basis).303 active SBA-approved lenders fund this industry. Most construction, mining, and forestry machinery and equipment rental and loans use the SBA 504 program. There are approximately 5,079 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Construction, Mining, and Forestry Machinery and Equipment Rental and?+46% growth
Which SBA Program Do Construction, Mining, and Forestry Machinery and Equipment Rental and Businesses Use Most?
What Is the Best SBA Loan for Construction, Mining, and Forestry Machinery and Equipment Rental and?
12% of construction, mining, and forestry machinery and equipment rental and loans use this program — ideal for real estate and major equipment purchases
Where Are Construction, Mining, and Forestry Machinery and Equipment Rental and SBA Loans Most Common?
Top SBA Lenders for Construction, Mining, and Forestry Machinery and Equipment Rental and
These banks have funded the most SBA loans for construction, mining, and forestry machinery and equipment rental and businesses (NAICS 532412). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 55 | $16.2M |
| 2 | U.S. Bank, National Association(OH) | 40 | $13.8M |
| 3 | Bank of America, National Association(NC) | 34 | $1.9M |
| 4 | Zions Bank, A Division of(UT) | 26 | $4.8M |
| 5 | Mountain America FCU(UT) | 22 | $4.1M |
Construction, Mining, and Forestry Machinery and Equipment Rental and Industry Context
Ready to Fund Your Construction, Mining, and Forestry Machinery and Equipment Rental and Business?
PeerSense places SBA loans for construction, mining, and forestry machinery and equipment rental and 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, Mining, and Forestry Machinery and Equipment Rental and Businesses?
Across all SBA loan programs, 944 loans have been approved for businesses classified under NAICS 532412 (Construction, Mining, and Forestry Machinery and Equipment Rental and), representing $508.7M in total capital deployed. The average approved loan of $539K is 58% above avg the national SBA average of $340K, with typical repayment terms of 122 months.
SBA lending for construction, mining, and forestry machinery and equipment rental and is accelerating — loan volume has grown approximately 46% 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 12% 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, mining, and forestry machinery and equipment rental and 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, Mining, and Forestry Machinery and Equipment Rental and SBA Loans
What is the average SBA loan size for construction, mining, and forestry machinery and equipment rental and businesses?
Which SBA loan program is best for a construction, mining, and forestry machinery and equipment rental and business?
How many lenders fund SBA loans for construction, mining, and forestry machinery and equipment rental and?
What states have the most SBA lending for construction, mining, and forestry machinery and equipment rental and?
How does PeerSense help construction, mining, and forestry machinery and equipment rental and businesses get SBA loans?
Related Real Estate Industries
Offices of Real Estate Agents and Brokers
Lessors of Nonresidential Buildings (except Miniwarehouses)
Residential Property Managers
Lessors of Miniwarehouses and Self-Storage Units
Other Activities Related to Real Estate
Other Commercial and Industrial Machinery and Equipment Rental and Lea
Data aggregated from SBA loan records (1992–2025). Construction, Mining, and Forestry Machinery and Equipment Rental and defined by NAICS code 532412. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.