NAICS 331524 · Manufacturing
SBA loans for aluminum foundries
48 SBA loans worth $47.8M have been approved in this industry since FY2010 - the #865 most-financed NAICS code in the country.
Median loan
$505,500
+181% vs all industries
Typical range
$100K-$1.8M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
2.8%
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 |
|---|---|---|---|
| WBD, Inc. | 3 | $10.9M | |
| State Bank | 3 | $4.0M | |
| Mortgage Capital Development Corporation | 1 | $3.5M | |
| ChoiceOne Bank | 1 | $3.5M | |
| Twin Cities-Metro Certified Development Company | 4 | $3.1M | |
| First International Bank and Trust | 2 | $2.7M | |
| Newtek Small Business Finance, Inc. | 1 | $2.0M | |
| Oakland County Business Finance Corporation | 1 | $1.8M | |
| Old National Bank | 3 | $1.7M | |
| CDC Small Business Finance Corp. | 1 | $1.7M |
Approvals by fiscal year
’10
’11
’12
’13
’14
’15
’16
’17
’18
’19
’20
’22
’25
’26
Loan count. Final bar is a partial fiscal year.
Loan sizes
- $50K - $150K21%
- $150K - $350K13%
- $350K - $1M31%
- $1M - $2M27%
- Over $2M8%
Nearby
Other manufacturing industries
Machine Shops4,240 · $300,000All Other Miscellaneous Fabricated Metal Product Manufacturing2,607 · $360,100All Other Miscellaneous Manufacturing2,510 · $313,000Sign Manufacturing1,908 · $200,000Wood Kitchen Cabinet and Countertop Manufacturing1,512 · $249,350Fabricated Structural Metal Manufacturing1,082 · $350,000Sheet Metal Work Manufacturing806 · $385,950Dental Laboratories752 · $146,350
Common questions
- How much do SBA lenders typically lend to a aluminum foundries business?
- The median SBA approval in NAICS 331524 is $505,500, with the middle 80% of loans between $100,000 and $1,800,000. Across all industries the median is $180,000.
- Which lenders are most active in aluminum foundries?
- By dollars approved: WBD, Inc., State Bank, Mortgage Capital Development Corporation, ChoiceOne Bank, Twin Cities-Metro Certified Development 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 aluminum foundries considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.8% 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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