How much do SBA lenders typically lend to a textile bag and canvas mills business?

The median SBA approval in NAICS 314910 is $259,000, with the middle 80% of loans between $25,000 and $1,499,800. Across all industries the median is $180,000.

Which lenders are most active in textile bag and canvas mills?

By dollars approved: Live Oak Banking Company, Wells Fargo Bank, Readycap Lending, LLC, The Bank of Tampa, Old National Bank. 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 textile bag and canvas mills considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.2% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 314910 · Manufacturing

SBA loans for textile bag and canvas mills

105 SBA loans worth $62.5M have been approved in this industry since FY2010 - the #681 most-financed NAICS code in the country.

Median loan

$259,000

+44% vs all industries

Typical range

$25K-$1.5M

Middle 80%

Median rate

6.50%

7(a) initial note rate

Median term

10 yr

Charge-off rate

2.2%

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
Live Oak Banking Company	3	$8.6M
Wells Fargo Bank	10	$6.3M
Readycap Lending, LLC	2	$5.6M
The Bank of Tampa	1	$4.7M
Old National Bank	3	$4.2M
The Huntington National Bank	6	$3.5M
KeyBank	4	$2.8M
BMO Bank	2	$2.3M
Nevada State Development Corporation	1	$2.2M
Bank of America	1	$2.2M

Geography

Where these loans were made

State	Loans	Share
California	17
Florida	15
New Jersey	9
Minnesota	6
Wisconsin	5
Arizona	4
New York	4
Michigan	4

Approvals by fiscal year

’10

’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
18%
$50K - $150K
24%
$150K - $350K
16%
$350K - $1M
25%
$1M - $2M
10%
Over $2M
8%

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 textile bag and canvas mills business?: The median SBA approval in NAICS 314910 is $259,000, with the middle 80% of loans between $25,000 and $1,499,800. Across all industries the median is $180,000.
Which lenders are most active in textile bag and canvas mills?: By dollars approved: Live Oak Banking Company, Wells Fargo Bank, Readycap Lending, LLC, The Bank of Tampa, Old National Bank. 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 textile bag and canvas mills considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.2% 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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