How Much Can Highway and Street Construction Businesses Get in SBA Loans?
1,172 SBA loans totaling $313.1M have been approved for highway and street construction businesses (NAICS 234110). The average approved SBA loan is $267K, which is 22% below avg the $340K national average. 329 active lenders fund this industry with a 9.7% default rate on the matured 2018-2021 loan cohort.
At 9.7%, Highway and Street Construction 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 234110 (Highway and Street Construction) received 1,172 SBA loans worth $313.1M across 5+ states. Average loan $267K, average term 96 months, 9.7% default rate (resolved-loan basis).329 active SBA-approved lenders fund this industry. Most highway and street construction loans use the SBA 7(a) program. There are approximately 800,651 U.S. establishments in this industry (Census 2022).
Which SBA Program Do Highway and Street Construction Businesses Use Most?
What Is the Best SBA Loan for Highway and Street Construction?
The most widely used SBA program for highway and street construction businesses — flexible terms, multiple use cases
Where Are Highway and Street Construction SBA Loans Most Common?
Top SBA Lenders for Highway and Street Construction
These banks have funded the most SBA loans for highway and street construction businesses (NAICS 234110). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 100 | $26.8M |
| 2 | Bank of America, National Association(NC) | 70 | $11.6M |
| 3 | PNC Bank, National Association(DE) | 65 | $9.9M |
| 4 | U.S. Bank, National Association(OH) | 47 | $13.4M |
| 5 | JPMorgan Chase Bank, National Association(OH) | 45 | $7.2M |
Highway and Street Construction Industry Context
Ready to Fund Your Highway and Street Construction Business?
PeerSense places SBA loans for highway and street 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 Highway and Street Construction Businesses?
Across all SBA loan programs, 1,172 loans have been approved for businesses classified under NAICS 234110 (Highway and Street Construction), representing $313.1M in total capital deployed. The average approved loan of $267K is 22% below avg the national SBA average of $340K, with typical repayment terms of 96 months.
SBA lending for highway and street construction has remained relatively stable across recent fiscal years. 329 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 6% 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 highway and street 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 — Highway and Street Construction SBA Loans
What is the average SBA loan size for highway and street construction businesses?
Which SBA loan program is best for a highway and street construction business?
How many lenders fund SBA loans for highway and street construction?
What states have the most SBA lending for highway and street construction?
How does PeerSense help highway and street construction businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Highway and Street Construction defined by NAICS code 234110. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.