How Much Can Water, Sewer, and Pipeline Construction Businesses Get in SBA Loans?
232 SBA loans totaling $87.7M have been approved for water, sewer, and pipeline construction businesses (NAICS 234910). The average approved SBA loan is $378K, which is 11% above avg the $340K national average. 105 active lenders fund this industry with a 16.0% default rate on the matured 2018-2021 loan cohort.
At 16.0%, Water, Sewer, and Pipeline Construction sits above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — above average 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 234910 (Water, Sewer, and Pipeline Construction) received 232 SBA loans worth $87.7M across 5+ states. Average loan $378K, average term 102 months, 16.0% default rate (resolved-loan basis).105 active SBA-approved lenders fund this industry. Most water, sewer, and pipeline construction loans use the SBA 7(a) program. There are approximately 800,651 U.S. establishments in this industry (Census 2022).
Which SBA Program Do Water, Sewer, and Pipeline Construction Businesses Use Most?
What Is the Best SBA Loan for Water, Sewer, and Pipeline Construction?
The most widely used SBA program for water, sewer, and pipeline construction businesses — flexible terms, multiple use cases
Where Are Water, Sewer, and Pipeline Construction SBA Loans Most Common?
Top SBA Lenders for Water, Sewer, and Pipeline Construction
These banks have funded the most SBA loans for water, sewer, and pipeline construction businesses (NAICS 234910). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Columbia Bank(OR) | 13 | $2.9M |
| 2 | Wells Fargo Bank National Association(SD) | 12 | $3.5M |
| 3 | GE Capital Small Business Finance Corporation(TX) | 12 | $10.6M |
| 4 | Bank of America, National Association(NC) | 8 | $2.1M |
| 5 | CDC Small Business Finance Cor(CA) | 7 | $3.8M |
Water, Sewer, and Pipeline Construction Industry Context
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How Does SBA Lending Work for Water, Sewer, and Pipeline Construction Businesses?
Across all SBA loan programs, 232 loans have been approved for businesses classified under NAICS 234910 (Water, Sewer, and Pipeline Construction), representing $87.7M in total capital deployed. The average approved loan of $378K is 11% above avg the national SBA average of $340K, with typical repayment terms of 102 months.
SBA lending for water, sewer, and pipeline construction has remained relatively stable across recent fiscal years. 105 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 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 water, sewer, and pipeline construction 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 — Water, Sewer, and Pipeline Construction SBA Loans
What is the average SBA loan size for water, sewer, and pipeline construction businesses?
Which SBA loan program is best for a water, sewer, and pipeline construction business?
How many lenders fund SBA loans for water, sewer, and pipeline construction?
What states have the most SBA lending for water, sewer, and pipeline construction?
How does PeerSense help water, sewer, and pipeline construction businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Water, Sewer, and Pipeline Construction defined by NAICS code 234910. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.