How Much Can Electrical Contractors Businesses Get in SBA Loans?
15,119 SBA loans totaling $3.8B have been approved for electrical contractors businesses (NAICS 238210). The average approved SBA loan is $248K, which is 27% below avg the $340K national average. 1100 active lenders fund this industry with a 9.6% historical default rate.
NAICS 238210 (Electrical Contractors) received 15,119 SBA loans worth $3.8B across 5+ states. Average loan $248K, average term 110 months, default rate 9.6%.1100 active SBA-approved lenders fund this industry. Most electrical contractors loans use the SBA 7(a) program.
Is SBA Lending Growing for Electrical Contractors?+41% growth
Which SBA Program Do Electrical Contractors Businesses Use Most?
What Is the Best SBA Loan for Electrical Contractors?
The most widely used SBA program for electrical contractors businesses — flexible terms, multiple use cases
Where Are Electrical Contractors SBA Loans Most Common?
Top SBA Lenders for Electrical Contractors
These banks have funded the most SBA loans for electrical contractors businesses (NAICS 238210). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | U.S. Bank, National Association(OH) | 1,197 | $122.9M |
| 2 | JPMorgan Chase Bank, National Association(OH) | 1,045 | $137.9M |
| 3 | Wells Fargo Bank National Association(SD) | 889 | $157.5M |
| 4 | The Huntington National Bank(OH) | 788 | $143.7M |
| 5 | TD Bank, National Association(DE) | 631 | $62.7M |
Electrical Contractors Industry Context
Ready to Fund Your Electrical Contractors Business?
PeerSense places SBA loans for electrical contractors businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
How Does SBA Lending Work for Electrical Contractors Businesses?
Across all SBA loan programs, 15,119 loans have been approved for businesses classified under NAICS 238210 (Electrical Contractors), representing $3.8B in total capital deployed. The average approved loan of $248K is 27% below avg the national SBA average of $340K, with typical repayment terms of 110 months.
SBA lending for electrical contractors is accelerating — loan volume has grown approximately 41% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2025.
The industry sees a balanced mix of SBA programs, with 8% 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 contractors 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 Contractors SBA Loans
What is the average SBA loan size for electrical contractors businesses?
Which SBA loan program is best for a electrical contractors business?
How many lenders fund SBA loans for electrical contractors?
What states have the most SBA lending for electrical contractors?
How does PeerSense help electrical contractors businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Electrical Contractors defined by NAICS code 238210. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.