How Much Can Painting and Wall Covering Contractors Businesses Get in SBA Loans?
6,389 SBA loans totaling $906.6M have been approved for painting and wall covering contractors businesses (NAICS 238320). The average approved SBA loan is $142K, which is 58% below avg the $340K national average. 542 active lenders fund this industry with a 22.0% default rate on the matured 2018-2021 loan cohort.
At 22.0%, Painting and Wall Covering Contractors sits well above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — elevated 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 238320 (Painting and Wall Covering Contractors) received 6,389 SBA loans worth $906.6M across 5+ states. Average loan $142K, average term 99 months, 22.0% default rate (resolved-loan basis).542 active SBA-approved lenders fund this industry. Most painting and wall covering contractors loans use the SBA 7(a) program. There are approximately 37,963 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Painting and Wall Covering Contractors?+35% growth
Which SBA Program Do Painting and Wall Covering Contractors Businesses Use Most?
What Is the Best SBA Loan for Painting and Wall Covering Contractors?
The most widely used SBA program for painting and wall covering contractors businesses — flexible terms, multiple use cases
Where Are Painting and Wall Covering Contractors SBA Loans Most Common?
Top SBA Lenders for Painting and Wall Covering Contractors
These banks have funded the most SBA loans for painting and wall covering contractors businesses (NAICS 238320). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | U.S. Bank, National Association(OH) | 812 | $40.6M |
| 2 | The Huntington National Bank(OH) | 528 | $56.7M |
| 3 | Bank of America, National Association(NC) | 378 | $13.8M |
| 4 | Wells Fargo Bank National Association(SD) | 366 | $51.2M |
| 5 | JPMorgan Chase Bank, National Association(OH) | 358 | $27.3M |
Painting and Wall Covering Contractors Industry Context
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How Does SBA Lending Work for Painting and Wall Covering Contractors Businesses?
Across all SBA loan programs, 6,389 loans have been approved for businesses classified under NAICS 238320 (Painting and Wall Covering Contractors), representing $906.6M in total capital deployed. The average approved loan of $142K is 58% below avg the national SBA average of $340K, with typical repayment terms of 99 months.
SBA lending for painting and wall covering contractors is accelerating — loan volume has grown approximately 35% 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 overwhelming majority of SBA lending for painting and wall covering 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 painting and wall covering 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 — Painting and Wall Covering Contractors SBA Loans
What is the average SBA loan size for painting and wall covering contractors businesses?
Which SBA loan program is best for a painting and wall covering contractors business?
How many lenders fund SBA loans for painting and wall covering contractors?
What states have the most SBA lending for painting and wall covering contractors?
How does PeerSense help painting and wall covering contractors businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Painting and Wall Covering Contractors defined by NAICS code 238320. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.