SBA Loans for Engineering Firms
12,075 SBA loans have funded engineering firms nationwide, averaging $329K across 1,030 active SBA lenders, at an average note rate of 7.2%. SBA 7(a) loans up to $5M fund buying an engineering firm or book of business and partner buy outs and ownership transitions; SBA 504 loans cover owner occupied real estate and equipment with as little as 10% down. PeerSense reads this lending history and sources capital for an engineering firm.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
Source: SBA 7(a) and 504 loan records (NAICS 541330), 2000 to present.
12,075
SBA Loans Funded
$329K
Average Loan
7.2%
Avg Note Rate
10 yrs
Avg Term
1,030
Active Lenders
8.2%
Charge Off Rate (resolved loan basis)
What engineering firms use SBA loans for
Where engineering firms get SBA financing
| State | SBA Loans | Capital Deployed |
|---|---|---|
| California | 2,077 | $873.0M |
| Texas | 933 | $306.9M |
| Florida | 671 | $240.3M |
| New York | 524 | $134.5M |
| Ohio | 468 | $136.8M |
Talk to PeerSense about SBA capital for an engineering firm.
Tell us your loan amount and use of funds. PeerSense sources capital for an engineering firm, anywhere in the US.
SBA 7(a) / 504, Engineering Firms: The desk will reach out. No obligation.
How engineering firms qualify for an SBA loan
SBA 7(a) loans are the most common path for engineering firms financing buying an engineering firm or book of business. They run up to $5M, fund up to 90% of a project, and amortize over 10 years for a business purchase or up to 25 years when real estate is included. SBA 504 loans pair a bank loan with a CDC debenture for owner occupied real estate and heavy equipment, typically at 10% down.
With 12,075 loans on record across 1,030 lenders and a 8.2% historical charge off rate, engineering firms are a well understood credit to SBA lenders, but not every lender is active in this profession or comfortable with its deal structure. PeerSense reads the lending history and sources capital through a curated network, then stays with you through closing.