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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 |
An SBA 7(a) lender for loans this size
77% of the SBA loans approved in cut stock, resawing lumber, and planing since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K16%
- $50K - $150K34%
- $150K - $350K27%
- $350K - $1M9%
- $1M - $2M3%
- Over $2M11%
Franchise brands in Cut Stock, Resawing Lumber, and Planing
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Board & Brush Creative Studios | 1 | $52K |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other manufacturing industries
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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