Best SBA Lenders for Roofing Contractors

The roofing industry is vital for both residential and commercial property maintenance. The consistent demand for roof repairs, replacements, and installations makes owning a roofing business an attractive opportunity. Whether you’re looking to expand your current business, invest in new equipment, or acquire an existing company, SBA loans provide an accessible path to the financing you need. Here, we list the best SBA lenders for roofing contractors, highlighting the options available for working capital, real estate, and business acquisitions.

Top Roofing Contractor SBA Lenders

Bank	Total Amount Funded	Count
Newtek Bank, National Association	$11,397,500	17
The Huntington National Bank	$5,163,300	39
Readycap Lending, LLC	$4,957,500	15
Pathward National Association	$4,207,000	2
Alpine Bank	$4,064,900	1
Simmons Bank	$3,916,900	1
Dogwood State Bank	$3,889,900	2
US Metro Bank	$3,674,000	1
JPMorgan Chase Bank, National Association	$3,409,100	15
TD Bank, National Association	$3,328,000	13
Live Oak Banking Company	$3,320,000	3
U.S. Bank, National Association	$3,137,700	24
Wells Fargo Bank, National Association	$3,114,200	16
Three Rivers Bank of Montana	$2,900,000	1
Platinum Bank	$2,730,000	1
Bank of America, National Association	$2,690,900	8

Why SBA Loans Are Perfect for Roofing Contractors

The roofing industry has seen steady growth, driven by the ongoing need for maintenance, replacements, and upgrades. SBA loans provide an effective way to finance your roofing business, whether you’re just starting out or aiming to expand.

SBA loans, backed by the Small Business Administration, offer competitive interest rates, longer repayment terms, and lower down payment requirements compared to traditional financing. These loans can be used for various purposes including equipment purchases, real estate acquisitions, refinancing existing debt, or even acquiring another roofing business.

Best SBA Loans for Roofing Contractors

1. SBA 7(a) Loans

The SBA 7(a) loan is the most versatile and commonly used option for roofing contractors. It provides flexible funding that can be used for buying equipment, acquiring inventory, purchasing or improving real estate, or even buying out a partner or acquiring another roofing business.

Benefits of the SBA 7(a) Loan for Roofing Contractors

• Flexible Usage: Funds can be used for equipment, inventory, expansion, partner buyouts, real estate purchases, or business acquisitions.
• High Maximum Loan Amount: Up to $5 million, suitable for large investments.
• Long Repayment Terms: Up to 25 years for real estate, and up to 10 years for other purposes, making monthly payments manageable.
• Lower Down Payment: SBA-backed guarantees lower the risk for lenders, allowing contractors to qualify with less equity.

2. SBA Express Loans

SBA Express Loans are part of the broader 7(a) loan program but offer faster approval times. They can provide up to $500,000, making them ideal for smaller or urgent funding needs such as equipment purchases or working capital.

Key Features of SBA Express Loans

• Fast Approval: Typically processed faster than standard SBA loans.
• Maximum Loan Amount: Up to $500,000.
• Flexible Terms: Suitable for purchasing small equipment or covering unexpected expenses.

Best SBA Lenders for Roofing Contractors Working Capital

Working capital is essential for roofing contractors to handle day-to-day expenses, cover payroll, and purchase supplies. Newtek Bank and The Huntington National Bank are highly recommended for SBA loans focused on working capital needs, thanks to their experience in supporting contractors.

Best SBA Lenders for Roofing Contractors Real Estate Purchases

If you’re looking to purchase or expand a facility, Readycap Lending, LLC and Pathward National Association are among the top lenders for real estate financing. They offer flexible SBA 7(a) loans that allow roofing contractors to invest in commercial real estate, helping to grow their physical footprint.

Best SBA Lenders for Roofing Contractors Business Acquisition

Acquiring an existing roofing company is a great way to grow your business quickly. Simmons Bank and Dogwood State Bank have strong track records of providing SBA 7(a) loans for business acquisitions, helping contractors purchase established businesses complete with assets, teams, and client bases.

How to Apply for an SBA Roofing Contractor Loan

Applying for an SBA loan can seem complex, but with the right preparation and a trusted lender, the process becomes manageable. Follow these steps to get started:

1. Assess Your Business Needs: Determine your funding needs—whether it’s for working capital, real estate, or acquiring another business.
2. Choose the Right Loan Type: Decide if an SBA 7(a) or Express Loan is the best fit for your needs.
3. Select an SBA Lender: Partner with a lender experienced in SBA loans for roofing contractors. Choosing a knowledgeable lender can expedite the process.
4. Prepare Documentation: Gather necessary documents, including financial statements, tax returns, business licenses, and a detailed business plan.
5. Submit Your Application: Work closely with your lender to ensure all paperwork is properly completed and submitted.

Why Choose GoSBA Loans?

GoSBA Loans specializes in helping roofing contractors secure SBA loans. We understand the unique challenges of the roofing industry and work closely with our network of trusted SBA lenders to ensure you get the best financing available. Whether you’re looking for working capital, real estate funding, or to acquire an existing business, we can guide you every step of the way.

Ready to Get Started?

Contact GoSBA Loans today to see how we can assist you in obtaining the best SBA loan for your roofing business. Visit gosbaloans.com or call 1-855-381-6448 to speak with a specialist.