How Much Can Excavation Contractors Businesses Get in SBA Loans?
2,013 SBA loans totaling $345.5M have been approved for excavation contractors businesses (NAICS 235930). The average approved SBA loan is $172K, which is 50% below avg the $340K national average. 484 active lenders fund this industry with a 11.4% default rate on the matured 2018-2021 loan cohort.
At 11.4%, Excavation Contractors 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 235930 (Excavation Contractors) received 2,013 SBA loans worth $345.5M across 5+ states. Average loan $172K, average term 94 months, 11.4% default rate (resolved-loan basis).484 active SBA-approved lenders fund this industry. Most excavation contractors loans use the SBA 7(a) program.
Which SBA Program Do Excavation Contractors Businesses Use Most?
What Is the Best SBA Loan for Excavation Contractors?
The most widely used SBA program for excavation contractors businesses — flexible terms, multiple use cases
Where Are Excavation Contractors SBA Loans Most Common?
Top SBA Lenders for Excavation Contractors
These banks have funded the most SBA loans for excavation contractors businesses (NAICS 235930). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 123 | $19.7M |
| 2 | Bank of America, National Association(NC) | 111 | $13.3M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 95 | $8.2M |
| 4 | Citizens Bank, National Association(RI) | 91 | $5.5M |
| 5 | U.S. Bank, National Association(OH) | 72 | $11.7M |
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How Does SBA Lending Work for Excavation Contractors Businesses?
Across all SBA loan programs, 2,013 loans have been approved for businesses classified under NAICS 235930 (Excavation Contractors), representing $345.5M in total capital deployed. The average approved loan of $172K is 50% below avg the national SBA average of $340K, with typical repayment terms of 94 months.
SBA lending for excavation contractors has remained relatively stable across recent fiscal years. 484 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
The overwhelming majority of SBA lending for excavation contractors uses the 7(a) program, which provides the most flexibility — covering working capital, equipment purchases, partner buyouts, debt refinancing, and business acquisitions up to $5M with terms up to 25 years.
PeerSense specializes in matching excavation 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 — Excavation Contractors SBA Loans
What is the average SBA loan size for excavation contractors businesses?
Which SBA loan program is best for a excavation contractors business?
How many lenders fund SBA loans for excavation contractors?
What states have the most SBA lending for excavation contractors?
How does PeerSense help excavation contractors businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Excavation Contractors defined by NAICS code 235930. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.