How Much Can Structural Steel and Precast Concrete Contractors Businesses Get in SBA Loans?
974 SBA loans totaling $366.4M have been approved for structural steel and precast concrete contractors businesses (NAICS 238120). The average approved SBA loan is $376K, which is 10% above avg the $340K national average. 277 active lenders fund this industry with a 14.6% default rate on the matured 2018-2021 loan cohort.
At 14.6%, Structural Steel and Precast Concrete Contractors 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 238120 (Structural Steel and Precast Concrete Contractors) received 974 SBA loans worth $366.4M across 5+ states. Average loan $376K, average term 119 months, 14.6% default rate (resolved-loan basis).277 active SBA-approved lenders fund this industry. Most structural steel and precast concrete contractors loans use the SBA 7(a) program. There are approximately 3,972 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Structural Steel and Precast Concrete Contractors?+12% growth
Which SBA Program Do Structural Steel and Precast Concrete Contractors Businesses Use Most?
What Is the Best SBA Loan for Structural Steel and Precast Concrete Contractors?
The most widely used SBA program for structural steel and precast concrete contractors businesses — flexible terms, multiple use cases
Where Are Structural Steel and Precast Concrete Contractors SBA Loans Most Common?
Top SBA Lenders for Structural Steel and Precast Concrete Contractors
These banks have funded the most SBA loans for structural steel and precast concrete contractors businesses (NAICS 238120). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | U.S. Bank, National Association(OH) | 64 | $13.1M |
| 2 | JPMorgan Chase Bank, National Association(OH) | 55 | $9.1M |
| 3 | Manufacturers and Traders Trust Company(NY) | 41 | $7.0M |
| 4 | Wells Fargo Bank National Association(SD) | 40 | $15.1M |
| 5 | PNC Bank, National Association(DE) | 32 | $4.4M |
Structural Steel and Precast Concrete Contractors Industry Context
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PeerSense places SBA loans for structural steel and precast concrete contractors businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
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How Does SBA Lending Work for Structural Steel and Precast Concrete Contractors Businesses?
Across all SBA loan programs, 974 loans have been approved for businesses classified under NAICS 238120 (Structural Steel and Precast Concrete Contractors), representing $366.4M in total capital deployed. The average approved loan of $376K is 10% above avg the national SBA average of $340K, with typical repayment terms of 119 months.
SBA lending for structural steel and precast concrete contractors is accelerating — loan volume has grown approximately 12% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2017.
The industry sees a balanced mix of SBA programs, with 12% 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 structural steel and precast concrete 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 — Structural Steel and Precast Concrete Contractors SBA Loans
What is the average SBA loan size for structural steel and precast concrete contractors businesses?
Which SBA loan program is best for a structural steel and precast concrete contractors business?
How many lenders fund SBA loans for structural steel and precast concrete contractors?
What states have the most SBA lending for structural steel and precast concrete contractors?
How does PeerSense help structural steel and precast concrete contractors businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Structural Steel and Precast Concrete Contractors defined by NAICS code 238120. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.