Which SBA program is best for Drywall and Insulation Contractors?

The SBA 7(a) program is the most commonly used for Drywall and Insulation Contractors businesses, accounting for the majority of approved loans. The SBA 504 program is popular for larger real estate and equipment purchases.

NAICS 238310ConstructionLending Growing

How Much Can Drywall and Insulation Contractors Businesses Get in SBA Loans?

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3,570 SBA loans totaling $803.3M have been approved for drywall and insulation contractors businesses (NAICS 238310). The average approved SBA loan is $225K, which is 34% below avg the $340K national average. 529 active lenders fund this industry with a 19.1% default rate on the matured 2018-2021 loan cohort.

Above average default risk19.1% vs 15.4% all industry avg

At 19.1%, Drywall and Insulation Contractors sits above the 15.4% all industry SBA default rate (charged off as a share of resolved loans), above average default risk relative to other SBA industries. The capital source prices this risk into rate and structure.

Quick Answer

NAICS 238310 (Drywall and Insulation Contractors) received 3,570 SBA loans worth $803.3M across 5+ states. Average loan $225K, average term 104 months, 19.1% default rate (resolved loan basis).529 active SBA approved lenders fund this industry. Most drywall and insulation contractors loans use the SBA 7(a) program. There are approximately 20,162 U.S. establishments in this industry (Census 2022).

3,570

Total SBA Loans

$803.3M

Total Volume

$225K

Avg Loan Size

34% below avg

529

Active Lenders

104 mo

Avg Term

20% below avg

43,646

Jobs Supported

Is SBA Lending Growing for Drywall and Insulation Contractors?+12% growth

134

129

154

117

112

139

148

209

251

234

$28.9M

$32.2M

$24.1M

$31.6M

$31.1M

$61.4M

$62.0M

$65.2M

$93.6M

$84.6M

Which SBA Program Do Drywall and Insulation Contractors Businesses Use Most?

SBA 7(a)3,324 (93%)

SBA 504246 (7%)

What Is the Best SBA Loan for Drywall and Insulation Contractors?

SBA 7(a)

The most widely used SBA program for drywall and insulation contractors businesses: flexible terms, multiple use cases

Industry avg loan: $225K

Typical term: 104 months

Historical avg rate: 7.96%

529+ lenders active in this industry

Default rate (2018 to 21 matured cohort): 19.1%

Where Are Drywall and Insulation Contractors SBA Loans Most Common?

362 loans

$118.1M

240 loans

$80.8M

208 loans

$36.4M

199 loans

$36.4M

192 loans

$41.6M

SBA Lending Activity in Drywall and Insulation Contractors

529 SBA lenders have funded 3,570 loans to drywall and insulation contractors businesses (NAICS 238310). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.

Loans funded

3,570

Active lenders

529

Total volume

$803.3M

Avg loan size

$225K

Browse all SBA lenders

Drywall and Insulation Contractors Industry Context

U.S. Establishments

20,162

U.S. Census Bureau · 2022

SBA Penetration

17.71%

SBA loans per establishment

Talk to PeerSense

PeerSense sources capital for drywall and insulation contractors businesses. The capital source sets the terms. No upfront fee. Talk to PeerSense. Referral fee at closing.

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Talk to PeerSense (317) 452-6990

Talk to PeerSense about financing a Drywall and Insulation Contractors business.

Tell us your loan amount and use of funds. PeerSense sources capital. The capital source sets the terms.

SBA 7(a) / 504: PeerSense will reach out. No obligation.

How big is your deal?

Where are you in the deal?

Equity or down payment ready

Credit score

Timeline to close

SBA already on the books?

What best describes your company

Liquid funds available outside this deal

Where is the property or business

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How Does SBA Lending Work for Drywall and Insulation Contractors Businesses?

Across all SBA loan programs, 3,570 loans have been approved for businesses classified under NAICS 238310 (Drywall and Insulation Contractors), representing $803.3M in total capital deployed. The average approved loan of $225K is 34% below avg the national SBA average of $340K, with typical repayment terms of 104 months.

SBA lending for drywall and insulation contractors is accelerating. Loan volume has grown approximately 12% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2024.

The industry sees a balanced mix of SBA programs, with 7% 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.

Talk to PeerSense about a drywall and insulation contractors file. The capital source sets the terms. The desk fee is paid at closing, never upfront.

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Frequently Asked Questions: Drywall and Insulation Contractors SBA Loans

What is the average SBA loan size for drywall and insulation contractors businesses?

Based on 3,570 approved SBA loans, the average loan size for drywall and insulation contractors (NAICS 238310) is $225K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a drywall and insulation contractors business?

SBA 7(a) is the most commonly used SBA program for drywall and insulation contractors businesses. The most widely used SBA program for drywall and insulation contractors businesses: flexible terms, multiple use cases. PeerSense can analyze your specific deal to determine the optimal program.

How many lenders fund SBA loans for drywall and insulation contractors?

529 different SBA approved lenders have funded loans in this industry. Not all lenders are equally active in every industry. Talk to PeerSense. The capital source sets the terms for a drywall and insulation contractors file.

What states have the most SBA lending for drywall and insulation contractors?

CA leads with 362 SBA loans and $118.1M in total volume for drywall and insulation contractors businesses. TX, NY, OH also show strong lending activity in this sector.

How does PeerSense help drywall and insulation contractors businesses get SBA loans?

PeerSense is a capital advisory firm. Talk to PeerSense about a drywall and insulation contractors file. The capital source sets the terms. No upfront fee. The desk is paid at closing.

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Avg: $308K

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Site Preparation Contractors

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Avg: $288K

Data aggregated from SBA loan records (1992 to 2025). Drywall and Insulation Contractors defined by NAICS code 238310. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.