Which SBA program is best for Other Building Equipment Contractors?

The SBA 7(a) program is the most commonly used for Other Building Equipment Contractors businesses, accounting for the majority of approved loans. The SBA 504 program is popular for larger real estate and equipment purchases.

NAICS 238290ConstructionLending Growing

How Much Can Other Building Equipment Contractors Businesses Get in SBA Loans?

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2,382 SBA loans totaling $748.1M have been approved for other building equipment contractors businesses (NAICS 238290). The average approved SBA loan is $314K, which is 8% below avg the $340K national average. 462 active lenders fund this industry with a 17.3% default rate on the matured 2018-2021 loan cohort.

Above average default risk17.3% vs 15.4% all industry avg

At 17.3%, Other Building Equipment Contractors sits above the 15.4% all industry SBA default rate (charged off as a share of resolved loans), above average default risk relative to other SBA industries. The capital source prices this risk into rate and structure.

Quick Answer

NAICS 238290 (Other Building Equipment Contractors) received 2,382 SBA loans worth $748.1M across 5+ states. Average loan $314K, average term 113 months, 17.3% default rate (resolved loan basis).462 active SBA approved lenders fund this industry. Most other building equipment contractors loans use the SBA 7(a) program. There are approximately 7,907 U.S. establishments in this industry (Census 2022).

2,382

Total SBA Loans

$748.1M

Total Volume

$314K

Avg Loan Size

8% below avg

462

Active Lenders

113 mo

Avg Term

13% below avg

23,026

Jobs Supported

Is SBA Lending Growing for Other Building Equipment Contractors?+14% growth

101

121

140

138

$31.3M

$36.8M

$32.3M

$33.2M

$35.5M

$70.9M

$56.6M

$60.5M

$61.0M

$87.3M

Which SBA Program Do Other Building Equipment Contractors Businesses Use Most?

SBA 7(a)2,177 (91%)

SBA 504205 (9%)

What Is the Best SBA Loan for Other Building Equipment Contractors?

SBA 7(a)

The most widely used SBA program for other building equipment contractors businesses: flexible terms, multiple use cases

Industry avg loan: $314K

Typical term: 113 months

Historical avg rate: 7.48%

462+ lenders active in this industry

Default rate (2018 to 21 matured cohort): 17.3%

Where Are Other Building Equipment Contractors SBA Loans Most Common?

268 loans

$112.8M

152 loans

$39.0M

149 loans

$47.9M

142 loans

$23.7M

123 loans

$52.3M

SBA Lending Activity in Other Building Equipment Contractors

462 SBA lenders have funded 2,382 loans to other building equipment contractors businesses (NAICS 238290). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.

Loans funded

2,382

Active lenders

462

Total volume

$748.1M

Avg loan size

$314K

Browse all SBA lenders

Other Building Equipment Contractors Industry Context

U.S. Establishments

7,907

U.S. Census Bureau · 2022

SBA Penetration

30.13%

SBA loans per establishment

Talk to PeerSense

PeerSense sources capital for other building equipment contractors businesses. The capital source sets the terms. No upfront fee. Talk to PeerSense. Referral fee at closing.

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Talk to PeerSense (317) 452-6990

Talk to PeerSense about financing a Other Building Equipment Contractors business.

Tell us your loan amount and use of funds. PeerSense sources capital. The capital source sets the terms.

SBA 7(a) / 504: PeerSense will reach out. No obligation.

How big is your deal?

Where are you in the deal?

Equity or down payment ready

Credit score

Timeline to close

SBA already on the books?

What best describes your company

Liquid funds available outside this deal

Where is the property or business

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How Does SBA Lending Work for Other Building Equipment Contractors Businesses?

Across all SBA loan programs, 2,382 loans have been approved for businesses classified under NAICS 238290 (Other Building Equipment Contractors), representing $748.1M in total capital deployed. The average approved loan of $314K is 8% below avg the national SBA average of $340K, with typical repayment terms of 113 months.

SBA lending for other building equipment contractors is accelerating. Loan volume has grown approximately 14% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2024.

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.

Talk to PeerSense about a other building equipment contractors file. The capital source sets the terms. The desk fee is paid at closing, never upfront.

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Frequently Asked Questions: Other Building Equipment Contractors SBA Loans

What is the average SBA loan size for other building equipment contractors businesses?

Based on 2,382 approved SBA loans, the average loan size for other building equipment contractors (NAICS 238290) is $314K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a other building equipment contractors business?

SBA 7(a) is the most commonly used SBA program for other building equipment contractors businesses. The most widely used SBA program for other building equipment contractors businesses: flexible terms, multiple use cases. PeerSense can analyze your specific deal to determine the optimal program.

How many lenders fund SBA loans for other building equipment contractors?

462 different SBA approved lenders have funded loans in this industry. Not all lenders are equally active in every industry. Talk to PeerSense. The capital source sets the terms for a other building equipment contractors file.

What states have the most SBA lending for other building equipment contractors?

CA leads with 268 SBA loans and $112.8M in total volume for other building equipment contractors businesses. NY, TX, OH also show strong lending activity in this sector.

How does PeerSense help other building equipment contractors businesses get SBA loans?

PeerSense is a capital advisory firm. Talk to PeerSense about a other building equipment contractors file. The capital source sets the terms. No upfront fee. The desk is paid at closing.

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Avg: $308K

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Avg: $288K

Data aggregated from SBA loan records (1992 to 2025). Other Building Equipment Contractors defined by NAICS code 238290. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.