How Much Can Multifamily Housing Construction Businesses Get in SBA Loans?
127 SBA loans totaling $22.0M have been approved for multifamily housing construction businesses (NAICS 233220). The average approved SBA loan is $173K, which is 49% below avg the $340K national average. 67 active lenders fund this industry with a 13.4% default rate on the matured 2018-2021 loan cohort.
At 13.4%, Multifamily Housing 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 233220 (Multifamily Housing Construction) received 127 SBA loans worth $22.0M across 5+ states. Average loan $173K, average term 103 months, 13.4% default rate (resolved-loan basis).67 active SBA-approved lenders fund this industry. Most multifamily housing 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 Multifamily Housing Construction Businesses Use Most?
What Is the Best SBA Loan for Multifamily Housing Construction?
The most widely used SBA program for multifamily housing construction businesses — flexible terms, multiple use cases
Where Are Multifamily Housing Construction SBA Loans Most Common?
Top SBA Lenders for Multifamily Housing Construction
These banks have funded the most SBA loans for multifamily housing construction businesses (NAICS 233220). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Bank of America, National Association(NC) | 20 | $1.1M |
| 2 | Citizens Bank, National Association(RI) | 6 | $216K |
| 3 | First Interstate Bank(MT) | 5 | $757K |
| 4 | Wells Fargo Bank National Association(SD) | 4 | $630K |
| 5 | ANZ Guam Inc(GU) | 4 | $900K |
Multifamily Housing Construction Industry Context
Ready to Fund Your Multifamily Housing Construction Business?
PeerSense places SBA loans for multifamily housing construction businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Financing a Multifamily Housing Construction business? Get matched to an SBA lender.
Tell us your loan amount and use of funds. We route you to the lender most likely to fund a deal in your industry.
SBA 7(a) / 504 — Response within 4 business hours. No obligation.
How Does SBA Lending Work for Multifamily Housing Construction Businesses?
Across all SBA loan programs, 127 loans have been approved for businesses classified under NAICS 233220 (Multifamily Housing Construction), representing $22.0M in total capital deployed. The average approved loan of $173K is 49% below avg the national SBA average of $340K, with typical repayment terms of 103 months.
SBA lending for multifamily housing construction has remained relatively stable across recent fiscal years. 67 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 9% 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 multifamily housing 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 — Multifamily Housing Construction SBA Loans
What is the average SBA loan size for multifamily housing construction businesses?
Which SBA loan program is best for a multifamily housing construction business?
How many lenders fund SBA loans for multifamily housing construction?
What states have the most SBA lending for multifamily housing construction?
How does PeerSense help multifamily housing construction businesses get SBA loans?
Related Construction Industries
All Other Specialty Trade Contractors
Plumbing, Heating, and Air-Conditioning Contractors
Residential Remodelers
Electrical Contractors
New Single-Family Housing Construction (except Operative Builders)
Site Preparation Contractors
Data aggregated from SBA loan records (1992–2025). Multifamily Housing Construction defined by NAICS code 233220. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.