How Much Can Electrical Apparatus and Equipment, Wiring Supplies, and Construction Businesses Get in SBA Loans?
302 SBA loans totaling $108.3M have been approved for electrical apparatus and equipment, wiring supplies, and construction businesses (NAICS 421610). The average approved SBA loan is $359K, which is 5% above avg the $340K national average. 118 active lenders fund this industry with a 11.2% default rate on the matured 2018-2021 loan cohort.
At 11.2%, Electrical Apparatus and Equipment, Wiring Supplies, and Construction sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — moderate 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 421610 (Electrical Apparatus and Equipment, Wiring Supplies, and Construction) received 302 SBA loans worth $108.3M across 5+ states. Average loan $359K, average term 133 months, 11.2% default rate (resolved-loan basis).118 active SBA-approved lenders fund this industry. Most electrical apparatus and equipment, wiring supplies, and construction loans use the SBA 7(a) program. There are approximately 388,706 U.S. establishments in this industry (Census 2022).
Which SBA Program Do Electrical Apparatus and Equipment, Wiring Supplies, and Construction Businesses Use Most?
What Is the Best SBA Loan for Electrical Apparatus and Equipment, Wiring Supplies, and Construction?
The most widely used SBA program for electrical apparatus and equipment, wiring supplies, and construction businesses — flexible terms, multiple use cases
Where Are Electrical Apparatus and Equipment, Wiring Supplies, and Construction SBA Loans Most Common?
Top SBA Lenders for Electrical Apparatus and Equipment, Wiring Supplies, and Construction
These banks have funded the most SBA loans for electrical apparatus and equipment, wiring supplies, and construction businesses (NAICS 421610). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Bank of America, National Association(NC) | 19 | $1.7M |
| 2 | Citizens Bank, National Association(RI) | 18 | $1.6M |
| 3 | Wells Fargo Bank National Association(SD) | 17 | $7.2M |
| 4 | Readycap Lending, LLC(NJ) | 14 | $10.7M |
| 5 | PNC Bank, National Association(DE) | 13 | $3.5M |
Electrical Apparatus and Equipment, Wiring Supplies, and Construction Industry Context
Ready to Fund Your Electrical Apparatus and Equipment, Wiring Supplies, and Construction Business?
PeerSense places SBA loans for electrical apparatus and equipment, wiring supplies, and construction 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 Electrical Apparatus and Equipment, Wiring Supplies, and Construction Businesses?
Across all SBA loan programs, 302 loans have been approved for businesses classified under NAICS 421610 (Electrical Apparatus and Equipment, Wiring Supplies, and Construction), representing $108.3M in total capital deployed. The average approved loan of $359K is 5% above avg the national SBA average of $340K, with typical repayment terms of 133 months.
SBA lending for electrical apparatus and equipment, wiring supplies, and construction has remained relatively stable across recent fiscal years. 118 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
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 electrical apparatus and equipment, wiring supplies, and construction 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 — Electrical Apparatus and Equipment, Wiring Supplies, and Construction SBA Loans
What is the average SBA loan size for electrical apparatus and equipment, wiring supplies, and construction businesses?
Which SBA loan program is best for a electrical apparatus and equipment, wiring supplies, and construction business?
How many lenders fund SBA loans for electrical apparatus and equipment, wiring supplies, and construction?
What states have the most SBA lending for electrical apparatus and equipment, wiring supplies, and construction?
How does PeerSense help electrical apparatus and equipment, wiring supplies, and construction businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Electrical Apparatus and Equipment, Wiring Supplies, and Construction defined by NAICS code 421610. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.