Which lenders are a good match for a Residential Remodeler SBA loan?
Residential Remodelers project state SBA 7(a) loan approvals in 2020.
Residential Remodelers Industry Highlights
In 2020 the Residential Remodelers industry ranked #8 in SBA 7(a) number of loan approvals and was the #39 ranked industry for loan approval amounts.
All-time there have been 710 lenders who have approved 13,222 SBA 7(a) loan approvals to Residential Remodelers businesses for $1,076,031,121. Loan approvals went to borrowers from 3,909 cities for projects in 50 states.
In 2020 Residential Remodelers businesses received 627 SBA 7(a) loan approvals from 130 lenders for $106,127,400. The average loan approval amount in 2020 was $169,262. Approvals went to borrowers from 455 cities for projects in 48 states.
For 2020 franchised Residential Remodelers SBA lending there were 25 lenders who approved 77 SBA 7(a) loans for $22,056,500 for an average loan amount of $286,448.
Our forecast model projects the Residential Remodelers industry receiving $123 million in SBA 7(a) approvals in 2021.
Read our Industry page on Residential Remodelers SBA lending for a full report, but below are a few highlights:
Historical SBA 7(a) Lending for the Residential Remodelers Industry
2020 Top 25 SBA Lenders
Residential Remodelers
Loan Approvals
Approval Amounts
Residential Remodelers SBA 7(a) Loan Amounts
Average SBA 7(a) loan approval amount in 2020 was $169,262.
90.27% of approved loans in 2020 were for loan amounts up to $350,000.
70.97% of approved loans in 2020 were for loan amounts up to $150,000.
2.87% of approved loans in 2020 were for loan amounts over $1 million.
0.96% of loan approvals were for multi-million loan amounts.
Residential Remodelers SBA 7(a) Lending Forecast
Our forecast model projects the Residential Remodelers industry receiving $123 million in SBA 7(a) approvals in 2021.
See our full (and free) SBA report on Residential Remodelers
This report has about everything a small business owner would want to know about SBA 7(a) loans to Residential Remodelers businesses. See the 2020 top ranked lenders and franchise brands by loan amounts, default data, our SBA lending forecasts, the top project states and borrower cities, and more.
