How much do SBA lenders typically lend to a hand and edge tool manufacturing business?

The median SBA approval in NAICS 332212 is $250,000, with the middle 80% of loans between $30,000 and $1,025,000. Across all industries the median is $180,000.

Which lenders are most active in hand and edge tool manufacturing?

By dollars approved: The Huntington National Bank, Bank of Ann Arbor, Cedar Rapids Bank and Trust Company, First Federal Bank, Seacoast National 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 hand and edge tool manufacturing considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 3.1% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 332212 · Manufacturing

SBA loans for hand and edge tool manufacturing

43 SBA loans worth $18.3M have been approved in this industry since FY2010 - the #884 most-financed NAICS code in the country.

Median loan

$250,000

+39% vs all industries

Typical range

$30K-$1.0M

Middle 80%

Median rate

5.50%

7(a) initial note rate

Median term

7.3 yr

Charge-off rate

3.1%

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
The Huntington National Bank	7	$3.9M
Bank of Ann Arbor	4	$2.5M
Cedar Rapids Bank and Trust Company	4	$2.3M
First Federal Bank	2	$2.3M
Seacoast National Bank	1	$1.6M
Oak Bank	1	$1.0M
Business Development Corporation (BDC)	1	$908K
Bank of the Southwest	2	$700K
Bokf	1	$500K
Lone Oak Bank	1	$500K

Geography

Where these loans were made

State	Loans	Share
Ohio	6
Wisconsin	5
Iowa	4
Utah	3
Michigan	3
California	3
New Mexico	3
New Jersey	2

Approvals by fiscal year

’10

’11

’12

’13

’23

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
14%
$50K - $150K
23%
$150K - $350K
23%
$350K - $1M
28%
$1M - $2M
9%
Over $2M
2%

Nearby

Other manufacturing industries

See the sector

Machine Shops4,240 · $300,000 All Other Miscellaneous Fabricated Metal Product Manufacturing2,607 · $360,100 All Other Miscellaneous Manufacturing2,510 · $313,000 Sign Manufacturing1,908 · $200,000 Wood Kitchen Cabinet and Countertop Manufacturing1,512 · $249,350 Fabricated Structural Metal Manufacturing1,082 · $350,000 Sheet Metal Work Manufacturing806 · $385,950 Dental Laboratories752 · $146,350

Common questions

How much do SBA lenders typically lend to a hand and edge tool manufacturing business?: The median SBA approval in NAICS 332212 is $250,000, with the middle 80% of loans between $30,000 and $1,025,000. Across all industries the median is $180,000.
Which lenders are most active in hand and edge tool manufacturing?: By dollars approved: The Huntington National Bank, Bank of Ann Arbor, Cedar Rapids Bank and Trust Company, First Federal Bank, Seacoast National 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 hand and edge tool manufacturing considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 3.1% 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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