How much do SBA lenders typically lend to a sawmills business?

The median SBA approval in NAICS 321113 is $274,000, with the middle 80% of loans between $35,000 and $1,956,000. Across all industries the median is $180,000.

Which lenders are most active in sawmills?

By dollars approved: The Huntington National Bank, BizCapital BIDCO I, LLC, Beacon Bank and Trust, Celtic Bank Corporation, The Commercial and Savings Bank of Millersburg, Ohio. 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 sawmills considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.6% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

NAICS 321113 · Manufacturing

SBA loans for sawmills

387 SBA loans worth $267.5M have been approved in this industry since FY2010 - the #390 most-financed NAICS code in the country.

Median loan

$274,000

+52% vs all industries

Typical range

$35K-$2.0M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

10 yr

Charge-off rate

10.6%

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
The Huntington National Bank	47	$21.7M
BizCapital BIDCO I, LLC	3	$10.2M
Beacon Bank and Trust	5	$10.0M
Celtic Bank Corporation	7	$9.0M
The Commercial and Savings Bank of Millersburg, Ohio	12	$9.0M
First National Bank of Pennsylvania	3	$7.8M
Byline Bank	7	$7.1M
Wells Fargo Bank	5	$7.0M
Readycap Lending, LLC	3	$6.4M
Birmingham Citywide Local Development Company	1	$5.5M

Geography

Where these loans were made

State	Loans	Share
Ohio	46
Missouri	32
New York	29
Pennsylvania	27
Wisconsin	21
Indiana	21
Michigan	21
Kentucky	14

Approvals by fiscal year

’10

’11

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’13

’14

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’16

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’19

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
15%
$50K - $150K
19%
$150K - $350K
21%
$350K - $1M
23%
$1M - $2M
12%
Over $2M
10%

Nearby

Other manufacturing industries

See the sector

Commercial Printing3,239 · $275,000 Commercial Screen Printing1,759 · $130,900 All Other Plastics Product Manufacturing1,604 · $457,000 All Other Miscellaneous Wood Product Manufacturing934 · $241,500 Cut Stone and Stone Product Manufacturing801 · $312,000 Wood Container and Pallet Manufacturing572 · $350,000 Commercial Lithographic Printing570 · $316,000 All Other Miscellaneous Chemical Product and Preparation Manufacturing397 · $458,000

Common questions

How much do SBA lenders typically lend to a sawmills business?: The median SBA approval in NAICS 321113 is $274,000, with the middle 80% of loans between $35,000 and $1,956,000. Across all industries the median is $180,000.
Which lenders are most active in sawmills?: By dollars approved: The Huntington National Bank, BizCapital BIDCO I, LLC, Beacon Bank and Trust, Celtic Bank Corporation, The Commercial and Savings Bank of Millersburg, Ohio. 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 sawmills considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.6% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

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