What is the SBA loan default rate for Water Well Drilling Contractors?

At 7.6%, Water Well Drilling Contractors sits well below the 15.4% all industry SBA default rate (charged off as a share of resolved loans), low 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. 137 lenders actively fund this industry.

Which SBA program is best for Water Well Drilling Contractors?

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

NAICS 235810Construction

How Much Can Water Well Drilling Contractors Businesses Get in SBA Loans?

Name: PeerSense
Address: Westfield, Westfield, IN, 46074, US
Telephone: +13174526990
Price range: Referral fee at closing

278 SBA loans totaling $53.0M have been approved for water well drilling contractors businesses (NAICS 235810). The average approved SBA loan is $191K, which is 44% below avg the $340K national average. 137 active lenders fund this industry with a 7.6% default rate on the matured 2018-2021 loan cohort.

Low default risk7.6% vs 15.4% all industry avg

At 7.6%, Water Well Drilling Contractors sits well below the 15.4% all industry SBA default rate (charged off as a share of resolved loans), low default risk relative to other SBA industries. The capital source prices this risk into rate and structure.

Quick Answer

NAICS 235810 (Water Well Drilling Contractors) received 278 SBA loans worth $53.0M across 5+ states. Average loan $191K, average term 100 months, 7.6% default rate (resolved loan basis).137 active SBA approved lenders fund this industry. Most water well drilling contractors loans use the SBA 7(a) program. There are approximately 800,651 U.S. establishments in this industry (Census 2022).

278

Total SBA Loans

$53.0M

Total Volume

$191K

Avg Loan Size

44% below avg

137

Active Lenders

100 mo

Avg Term

23% below avg

523

Jobs Supported

Which SBA Program Do Water Well Drilling Contractors Businesses Use Most?

SBA 7(a)267 (96%)

SBA 50411 (4%)

What Is the Best SBA Loan for Water Well Drilling Contractors?

SBA 7(a)

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

Industry avg loan: $191K

Typical term: 100 months

137+ lenders active in this industry

Default rate (2018 to 21 matured cohort): 7.6%

Where Are Water Well Drilling Contractors SBA Loans Most Common?

33 loans

$7.0M

22 loans

$4.1M

12 loans

$1.8M

12 loans

$1.8M

11 loans

$1.6M

SBA Lending Activity in Water Well Drilling Contractors

137 SBA lenders have funded 278 loans to water well drilling contractors businesses (NAICS 235810). 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

278

Active lenders

137

Total volume

$53.0M

Avg loan size

$191K

Browse all SBA lenders

Water Well Drilling Contractors Industry Context

U.S. Establishments

800,651

U.S. Census Bureau · 2022

U.S. Employment

8,309,000

BLS · 2026

SBA Penetration

0.03%

SBA loans per establishment

Talk to PeerSense

PeerSense sources capital for water well drilling 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 Water Well Drilling 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

By checking this box and submitting my information, I electronically sign and agree that PeerSense, Inc. and its affiliates, funding partners, and franchise partners may contact me at the email address and phone number I provided, including by phone call, SMS/text message (including autodialed, prerecorded, or artificial voice messages), and email, for marketing, franchise research, and funding related purposes, even if that number is on any Do Not Call list. Message and data rates may apply. Consent is not a condition of purchase. I may opt out at any time by replying STOP to texts or emailing info@peersense.com. I have read and agree to the Privacy Policy and Terms of Service.

Referral fee realized at closing · Or call (317) 452 6990

How Does SBA Lending Work for Water Well Drilling Contractors Businesses?

Across all SBA loan programs, 278 loans have been approved for businesses classified under NAICS 235810 (Water Well Drilling Contractors), representing $53.0M in total capital deployed. The average approved loan of $191K is 44% below avg the national SBA average of $340K, with typical repayment terms of 100 months.

SBA lending for water well drilling contractors has remained relatively stable across recent fiscal years. 137 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.

The overwhelming majority of SBA lending for water well drilling 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 water well drilling contractors file. The capital source sets the terms. The desk fee is paid at closing, never upfront.

SBA Loan Guide SBA Calculator SBA Lender Directory Industry Data Hub Current SBA Rates Contact Us

Frequently Asked Questions: Water Well Drilling Contractors SBA Loans

What is the average SBA loan size for water well drilling contractors businesses?

Based on 278 approved SBA loans, the average loan size for water well drilling contractors (NAICS 235810) is $191K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a water well drilling contractors business?

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

137 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 water well drilling contractors file.

What states have the most SBA lending for water well drilling contractors?

TX leads with 33 SBA loans and $7.0M in total volume for water well drilling contractors businesses. CA, MT, MN also show strong lending activity in this sector.

How does PeerSense help water well drilling contractors businesses get SBA loans?

PeerSense is a capital advisory firm. Talk to PeerSense about a water well drilling 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). Water Well Drilling Contractors defined by NAICS code 235810. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.