How Much Can Structural Steel Erection Contractors Businesses Get in SBA Loans?
524 SBA loans totaling $129.0M have been approved for structural steel erection contractors businesses (NAICS 235910). The average approved SBA loan is $246K, which is 28% below avg the $340K national average. 196 active lenders fund this industry with a 13.3% default rate on the matured 2018-2021 loan cohort.
At 13.3%, Structural Steel Erection 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 235910 (Structural Steel Erection Contractors) received 524 SBA loans worth $129.0M across 5+ states. Average loan $246K, average term 121 months, 13.3% default rate (resolved-loan basis).196 active SBA-approved lenders fund this industry. Most structural steel erection contractors loans use the SBA 7(a) program. There are approximately 800,651 U.S. establishments in this industry (Census 2022).
Which SBA Program Do Structural Steel Erection Contractors Businesses Use Most?
What Is the Best SBA Loan for Structural Steel Erection Contractors?
The most widely used SBA program for structural steel erection contractors businesses — flexible terms, multiple use cases
Where Are Structural Steel Erection Contractors SBA Loans Most Common?
Top SBA Lenders for Structural Steel Erection Contractors
These banks have funded the most SBA loans for structural steel erection contractors businesses (NAICS 235910). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 46 | $7.2M |
| 2 | Bank of America, National Association(NC) | 31 | $3.5M |
| 3 | Zions Bank, A Division of(UT) | 28 | $4.6M |
| 4 | U.S. Bank, National Association(OH) | 21 | $7.6M |
| 5 | PNC Bank, National Association(DE) | 18 | $5.4M |
Structural Steel Erection Contractors Industry Context
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How Does SBA Lending Work for Structural Steel Erection Contractors Businesses?
Across all SBA loan programs, 524 loans have been approved for businesses classified under NAICS 235910 (Structural Steel Erection Contractors), representing $129.0M in total capital deployed. The average approved loan of $246K is 28% below avg the national SBA average of $340K, with typical repayment terms of 121 months.
SBA lending for structural steel erection contractors has remained relatively stable across recent fiscal years. 196 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
The industry sees a balanced mix of SBA programs, with 13% 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 erection 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 Erection Contractors SBA Loans
What is the average SBA loan size for structural steel erection contractors businesses?
Which SBA loan program is best for a structural steel erection contractors business?
How many lenders fund SBA loans for structural steel erection contractors?
What states have the most SBA lending for structural steel erection contractors?
How does PeerSense help structural steel erection contractors businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Structural Steel Erection Contractors defined by NAICS code 235910. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.