NAICS 321211 · Manufacturing
SBA loans for hardwood veneer and plywood manufacturing
88 SBA loans worth $88.3M have been approved in this industry since FY2010 - the #719 most-financed NAICS code in the country.
Median loan
$512,500
+185% vs all industries
Typical range
$100K-$2.8M
Middle 80%
Median rate
6.75%
7(a) initial note rate
Median term
10 yr
Charge-off rate
7.9%
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 | Share |
|---|---|---|---|
| Byline Bank | 3 | $7.5M | |
| The Huntington National Bank | 5 | $6.0M | |
| Truist Bank | 6 | $5.1M | |
| U.S. Bank | 7 | $5.0M | |
| Heritage Bank | 2 | $5.0M | |
| Alloy Development Co., Inc. | 1 | $4.3M | |
| Northwest Business Development Association | 2 | $4.2M | |
| Banc of California | 1 | $3.4M | |
| Stock Yards Bank & Trust Company | 4 | $3.3M | |
| Southland Economic Development Corporation | 1 | $3.0M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Ohio | 9 | |
| Wisconsin | 7 | |
| Indiana | 7 | |
| Washington | 6 | |
| South Carolina | 5 | |
| Kentucky | 5 | |
| California | 4 | |
| Oregon | 4 |
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 $50K3%
- $50K - $150K10%
- $150K - $350K22%
- $350K - $1M28%
- $1M - $2M23%
- Over $2M14%
Nearby
Other manufacturing industries
Commercial Printing3,239 · $275,000Commercial Screen Printing1,759 · $130,900All Other Plastics Product Manufacturing1,604 · $457,000All Other Miscellaneous Wood Product Manufacturing934 · $241,500Cut Stone and Stone Product Manufacturing801 · $312,000Wood Container and Pallet Manufacturing572 · $350,000Commercial Lithographic Printing570 · $316,000All Other Miscellaneous Chemical Product and Preparation Manufacturing397 · $458,000
Common questions
- How much do SBA lenders typically lend to a hardwood veneer and plywood manufacturing business?
- The median SBA approval in NAICS 321211 is $512,500, with the middle 80% of loans between $100,000 and $2,772,000. Across all industries the median is $180,000.
- Which lenders are most active in hardwood veneer and plywood manufacturing?
- By dollars approved: Byline Bank, The Huntington National Bank, Truist Bank, U.S. Bank, Heritage 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 hardwood veneer and plywood manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.9% were charged off, versus 7.6% across all SBA lending. That is close to average.
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