How Much Can Siding Contractors Businesses Get in SBA Loans?
880 SBA loans totaling $120.8M have been approved for siding contractors businesses (NAICS 238170). The average approved SBA loan is $137K, which is 60% below avg the $340K national average. 179 active lenders fund this industry with a 19.8% default rate on the matured 2018-2021 loan cohort.
At 19.8%, Siding 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 238170 (Siding Contractors) received 880 SBA loans worth $120.8M across 5+ states. Average loan $137K, average term 94 months, 19.8% default rate (resolved-loan basis).179 active SBA-approved lenders fund this industry. Most siding contractors loans use the SBA 7(a) program. There are approximately 9,191 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Siding Contractors?+29% growth
Which SBA Program Do Siding Contractors Businesses Use Most?
What Is the Best SBA Loan for Siding Contractors?
The most widely used SBA program for siding contractors businesses — flexible terms, multiple use cases
Where Are Siding Contractors SBA Loans Most Common?
Top SBA Lenders for Siding Contractors
These banks have funded the most SBA loans for siding contractors businesses (NAICS 238170). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | U.S. Bank, National Association(OH) | 140 | $10.0M |
| 2 | The Huntington National Bank(OH) | 73 | $6.7M |
| 3 | Bank of America, National Association(NC) | 41 | $6.2M |
| 4 | JPMorgan Chase Bank, National Association(OH) | 40 | $4.4M |
| 5 | TD Bank, National Association(DE) | 37 | $3.6M |
Siding Contractors Industry Context
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How Does SBA Lending Work for Siding Contractors Businesses?
Across all SBA loan programs, 880 loans have been approved for businesses classified under NAICS 238170 (Siding Contractors), representing $120.8M in total capital deployed. The average approved loan of $137K is 60% below avg the national SBA average of $340K, with typical repayment terms of 94 months.
SBA lending for siding contractors is accelerating — loan volume has grown approximately 29% 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 overwhelming majority of SBA lending for siding 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 siding 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 — Siding Contractors SBA Loans
What is the average SBA loan size for siding contractors businesses?
Which SBA loan program is best for a siding contractors business?
How many lenders fund SBA loans for siding contractors?
What states have the most SBA lending for siding contractors?
How does PeerSense help siding contractors businesses get SBA loans?
Related Construction Industries
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Residential Remodelers
Electrical Contractors
New Single-Family Housing Construction (except Operative Builders)
Site Preparation Contractors
Data aggregated from SBA loan records (1992–2025). Siding Contractors defined by NAICS code 238170. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.