What is the SBA loan default rate for Siding Contractors?

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. The rate is measured on the resolved loans (paid in full or charged off), loans that have reached a final outcome. 179 lenders actively fund this industry.

Which SBA program is best for Siding Contractors?

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

NAICS 238170ConstructionLending Growing

How Much Can Siding Contractors Businesses Get in SBA Loans?

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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.

Elevated default risk19.8% vs 15.4% all industry avg

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. The capital source prices this risk into rate and structure.

Quick Answer

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).

880

Total SBA Loans

$120.8M

Total Volume

$137K

Avg Loan Size

60% below avg

179

Active Lenders

94 mo

Avg Term

28% below avg

5,362

Jobs Supported

Is SBA Lending Growing for Siding Contractors?+29% growth

$4.1M

$3.0M

$2.1M

$2.9M

$6.3M

$7.8M

$11.4M

$12.9M

$12.5M

$21.3M

Which SBA Program Do Siding Contractors Businesses Use Most?

SBA 7(a)869 (99%)

SBA 50411 (1%)

What Is the Best SBA Loan for Siding Contractors?

SBA 7(a)

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

Industry avg loan: $137K

Typical term: 94 months

Historical avg rate: 8.07%

179+ lenders active in this industry

Default rate (2018 to 21 matured cohort): 19.8%

Where Are Siding Contractors SBA Loans Most Common?

72 loans

$9.8M

66 loans

$5.1M

45 loans

$6.1M

42 loans

$7.2M

42 loans

$4.1M

SBA Lending Activity in Siding Contractors

179 SBA lenders have funded 880 loans to siding contractors businesses (NAICS 238170). 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

880

Active lenders

179

Total volume

$120.8M

Avg loan size

$137K

Browse all SBA lenders

Siding Contractors Industry Context

U.S. Establishments

9,191

U.S. Census Bureau · 2022

U.S. Employment

8,309,000

BLS · 2026

SBA Penetration

9.57%

SBA loans per establishment

Talk to PeerSense

PeerSense sources capital for siding 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 Siding 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 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.

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

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Frequently Asked Questions: Siding Contractors SBA Loans

What is the average SBA loan size for siding contractors businesses?

Based on 880 approved SBA loans, the average loan size for siding contractors (NAICS 238170) is $137K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a siding contractors business?

SBA 7(a) is the most commonly used SBA program for siding contractors businesses. The most widely used SBA program for siding 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 siding contractors?

179 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 siding contractors file.

What states have the most SBA lending for siding contractors?

MN leads with 72 SBA loans and $9.8M in total volume for siding contractors businesses. OH, WA, FL also show strong lending activity in this sector.

How does PeerSense help siding contractors businesses get SBA loans?

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

Related Construction Industries

All Other Specialty Trade Contractors

21,953 loans · N/A

Avg: $308K

Plumbing, Heating, and Air-Conditioning Contractors

20,555 loans · N/A

Avg: $289K

Residential Remodelers

20,213 loans · N/A

Avg: $126K

Electrical Contractors

15,119 loans · N/A

Avg: $248K

New Single-Family Housing Construction (except Operative Builders)

10,114 loans · N/A

Avg: $161K

Site Preparation Contractors

8,290 loans · N/A

Avg: $288K

Data aggregated from SBA loan records (1992 to 2025). Siding Contractors defined by NAICS code 238170. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.