How Much Can Water Well Drilling Contractors Businesses Get in SBA Loans?
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.
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. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
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).
Which SBA Program Do Water Well Drilling Contractors Businesses Use Most?
What Is the Best SBA Loan for Water Well Drilling Contractors?
The most widely used SBA program for water well drilling contractors businesses — flexible terms, multiple use cases
Where Are Water Well Drilling Contractors SBA Loans Most Common?
Top SBA Lenders for Water Well Drilling Contractors
These banks have funded the most SBA loans for water well drilling contractors businesses (NAICS 235810). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 26 | $4.0M |
| 2 | Bank of America, National Association(NC) | 14 | $798K |
| 3 | PNC Bank, National Association(DE) | 11 | $1.7M |
| 4 | U.S. Bank, National Association(OH) | 8 | $1.0M |
| 5 | The Huntington National Bank(OH) | 7 | $1.1M |
Water Well Drilling Contractors Industry Context
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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.
PeerSense specializes in matching water well drilling 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 — Water Well Drilling Contractors SBA Loans
What is the average SBA loan size for water well drilling contractors businesses?
Which SBA loan program is best for a water well drilling contractors business?
How many lenders fund SBA loans for water well drilling contractors?
What states have the most SBA lending for water well drilling contractors?
How does PeerSense help water well drilling contractors businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Water Well Drilling Contractors defined by NAICS code 235810. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.