SBA loans for handyman businesses
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
Residential Remodelers (NAICS 236118)
4,031loans approved
$100,000median loan
$40K–$200Kmiddle half of loans
$828.9Mtotal approved
11%median initial rate
10 yrsmedian term
Borrowers reported 18,864 jobs created or retained.
10.1% of these loans went to franchise locations.
Loan sizes
States with the most loans
| State | Loans | Median |
|---|---|---|
| California | 404 | $100,000 |
| New York | 337 | $90,000 |
| Ohio | 276 | $50,000 |
| Florida | 271 | $150,000 |
| Texas | 192 | $150,000 |
| Pennsylvania | 192 | $76,500 |
| New Jersey | 175 | $100,000 |
| Washington | 165 | $50,000 |
| Michigan | 159 | $75,000 |
| Illinois | 150 | $77,000 |
Most active lenders
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 496 | $70,000 | $70.6M |
| U.S. Bank, National Association | 486 | $32,250 | $23.0M |
| TD Bank, National Association | 444 | $72,750 | $44.3M |
| Manufacturers and Traders Trust Company | 233 | $50,000 | $23.6M |
| United Midwest Savings Bank National Association | 210 | $150,000 | $44.8M |
| JPMorgan Chase Bank, National Association | 197 | $150,000 | $34.4M |
| Readycap Lending, LLC | 164 | $50,000 | $32.4M |
| Northeast Bank | 155 | $150,000 | $27.6M |
| Bayfirst National Bank | 140 | $150,000 | $18.8M |
| Columbia Bank | 107 | $50,000 | $4.6M |
Planning one? Read how to start a handyman business and model payments with the loan calculator.
What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.