How much do SBA lenders typically lend to a ice manufacturing business?

The median SBA approval in NAICS 312113 is $200,000, with the middle 80% of loans between $60,000 and $1,352,000. Across all industries the median is $180,000.

Which lenders are most active in ice manufacturing?

By dollars approved: TD Bank, OptimumBank, Bank360, AmeriState Bank, Northwest Business Development Association. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is ice manufacturing considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 0.0% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 312113 · Manufacturing

SBA loans for ice manufacturing

160 SBA loans worth $85.8M have been approved in this industry since FY2010 - the #587 most-financed NAICS code in the country.

Median loan

$200,000

+11% vs all industries

Typical range

$60K-$1.4M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

10 yr

Charge-off rate

0.0%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
TD Bank	6	$7.6M
OptimumBank	1	$5.0M
Bank360	1	$5.0M
AmeriState Bank	2	$4.8M
Northwest Business Development Association	1	$3.9M
First Horizon Bank	2	$3.1M
Prince George's Financial Services Corporation	2	$3.1M
Certified Development Corporation of South Carolina	2	$3.1M
BayFirst National Bank	2	$2.8M
Nicolet National Bank	2	$2.6M

Geography

Where these loans were made

State	Loans	Share
Texas	22
Florida	13
Minnesota	13
Puerto Rico	9
Utah	7
Pennsylvania	7
Oklahoma	7
Wisconsin	6

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
7%
$50K - $150K
33%
$150K - $350K
26%
$350K - $1M
19%
$1M - $2M
9%
Over $2M
6%

Nearby

Other manufacturing industries

See the sector

Breweries4,377 · $265,000 Retail Bakeries2,557 · $150,000 Commercial Bakeries1,411 · $150,000 Wineries1,122 · $210,000 All Other Miscellaneous Food Manufacturing1,008 · $300,000 Coffee and Tea Manufacturing804 · $127,750 Apparel Accessories and Other Apparel Manufacturing782 · $200,000 Distilleries769 · $250,000

Common questions

How much do SBA lenders typically lend to a ice manufacturing business?: The median SBA approval in NAICS 312113 is $200,000, with the middle 80% of loans between $60,000 and $1,352,000. Across all industries the median is $180,000.
Which lenders are most active in ice manufacturing?: By dollars approved: TD Bank, OptimumBank, Bank360, AmeriState Bank, Northwest Business Development Association. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is ice manufacturing considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 0.0% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

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