NAICS 324191 · Manufacturing
SBA loans for petroleum lubricating oil and grease manufacturing
60 SBA loans worth $56.2M have been approved in this industry since FY2010 - the #812 most-financed NAICS code in the country.
Median loan
$572,000
+218% vs all industries
Typical range
$50K-$2.1M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
11.1%
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 |
|---|---|---|---|
| Wells Fargo Bank | 5 | $5.8M | |
| Grow America Fund, Incorporated | 4 | $5.2M | |
| SBA CLSC Servicing | 1 | $4.2M | |
| North Texas Certified Development Corporation | 1 | $3.3M | |
| Rockland Trust Company | 1 | $3.3M | |
| Florida First Capital Finance Corporation, Inc. | 2 | $2.8M | |
| 22nd State Bank, A Division of 22nd State Banking Company | 1 | $2.6M | |
| Mortgage Capital Development Corporation | 1 | $2.1M | |
| Celtic Bank Corporation | 2 | $2.1M | |
| Business Finance Capital | 1 | $2.0M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 10 | |
| Florida | 7 | |
| Texas | 6 | |
| New York | 6 | |
| Illinois | 3 | |
| North Carolina | 3 | |
| Utah | 3 | |
| Arizona | 3 |
Approvals by fiscal year
’10
’11
’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 $50K8%
- $50K - $150K13%
- $150K - $350K15%
- $350K - $1M30%
- $1M - $2M17%
- Over $2M17%
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 petroleum lubricating oil and grease manufacturing business?
- The median SBA approval in NAICS 324191 is $572,000, with the middle 80% of loans between $50,000 and $2,097,000. Across all industries the median is $180,000.
- Which lenders are most active in petroleum lubricating oil and grease manufacturing?
- By dollars approved: Wells Fargo Bank, Grow America Fund, Incorporated, SBA CLSC Servicing, North Texas Certified Development Corporation, Rockland Trust Company. 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 petroleum lubricating oil and grease manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 11.1% 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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