NAICS 332216 · Manufacturing
SBA loans for saw blade and handtool manufacturing
116 SBA loans worth $63.0M have been approved in this industry since FY2010 - the #659 most-financed NAICS code in the country.
Median loan
$244,000
+36% vs all industries
Typical range
$25K-$1.6M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
11.5%
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 |
|---|---|---|---|
| Northwest Bank | 7 | $7.7M | |
| The Huntington National Bank | 16 | $7.0M | |
| Simmons Bank | 3 | $5.0M | |
| Wells Fargo Bank | 8 | $3.9M | |
| Enterprise Bank | 2 | $3.7M | |
| State Bank Northwest | 1 | $3.1M | |
| American Business Bank | 1 | $2.7M | |
| CalPrivate Bank | 1 | $2.3M | |
| Growth Capital Corp. | 1 | $2.0M | |
| California Statewide Certified Development Corporation | 1 | $1.6M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Ohio | 14 | |
| California | 12 | |
| Michigan | 11 | |
| Pennsylvania | 9 | |
| Illinois | 5 | |
| Idaho | 5 | |
| New York | 5 | |
| North Carolina | 4 |
Approvals by fiscal year
’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 $50K18%
- $50K - $150K20%
- $150K - $350K22%
- $350K - $1M23%
- $1M - $2M9%
- 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 saw blade and handtool manufacturing business?
- The median SBA approval in NAICS 332216 is $244,000, with the middle 80% of loans between $25,000 and $1,560,000. Across all industries the median is $180,000.
- Which lenders are most active in saw blade and handtool manufacturing?
- By dollars approved: Northwest Bank, The Huntington National Bank, Simmons Bank, Wells Fargo Bank, Enterprise 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 saw blade and handtool manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 11.5% 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.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.