NAICS 321912 · Manufacturing
SBA loans for cut stock, resawing lumber, and planing
64 SBA loans worth $37.9M have been approved in this industry since FY2010 - the #794 most-financed NAICS code in the country.
Median loan
$145,000
-19% vs all industries
Typical range
$25K-$2.0M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
2.9%
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 |
|---|---|---|---|
| Newtek Bank | 2 | $10.0M | |
| AmeriState Bank | 1 | $5.0M | |
| Empire State Certified Development Corporation | 1 | $3.2M | |
| BizCapital BIDCO I, LLC | 1 | $2.8M | |
| U.S. Bank | 3 | $2.5M | |
| First National Bank of Pennsylvania | 1 | $2.0M | |
| Northwest Bank | 1 | $2.0M | |
| Independent Bank | 1 | $1.2M | |
| Wells Fargo Bank | 3 | $997K | |
| Newtek Small Business Finance, Inc. | 1 | $743K |
Approvals by fiscal year
’10
’11
’12
’13
’14
’15
’16
’17
’18
’19
’21
’22
’24
’25
’26
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K16%
- $50K - $150K34%
- $150K - $350K27%
- $350K - $1M9%
- $1M - $2M3%
- Over $2M11%
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 cut stock, resawing lumber, and planing business?
- The median SBA approval in NAICS 321912 is $145,000, with the middle 80% of loans between $25,000 and $2,000,000. Across all industries the median is $180,000.
- Which lenders are most active in cut stock, resawing lumber, and planing?
- By dollars approved: Newtek Bank, AmeriState Bank, Empire State Certified Development Corporation, BizCapital BIDCO I, LLC, U.S. 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 cut stock, resawing lumber, and planing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.9% 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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