How much do SBA lenders typically lend to a sheet metal work manufacturing business?

The median SBA approval in NAICS 332322 is $385,950, with the middle 80% of loans between $50,000 and $1,802,000. Across all industries the median is $180,000.

Which lenders are most active in sheet metal work manufacturing?

By dollars approved: Wells Fargo Bank, WBD, Inc., Newtek Bank, California Statewide Certified Development Corporation, JPMorgan Chase 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 sheet metal work manufacturing considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.7% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 332322 · Manufacturing

SBA loans for sheet metal work manufacturing

806 SBA loans worth $595.6M have been approved in this industry since FY2010 - the #234 most-financed NAICS code in the country.

Median loan

$385,950

+114% vs all industries

Typical range

$50K-$1.8M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

10 yr

Charge-off rate

4.7%

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
Wells Fargo Bank	41	$21.3M
WBD, Inc.	11	$20.7M
Newtek Bank	29	$19.1M
California Statewide Certified Development Corporation	13	$18.8M
JPMorgan Chase Bank	28	$15.6M
Enterprise Bank & Trust	11	$14.9M
Fifth Third Bank	5	$14.4M
Mortgage Capital Development Corporation	12	$14.1M
Manufacturers and Traders Trust Company	25	$11.8M
Regions Bank	9	$11.0M

Geography

Where these loans were made

State	Loans	Share
California	134
New York	56
Texas	49
Wisconsin	41
Illinois	39
Minnesota	37
Florida	34
Pennsylvania	33

Approvals by fiscal year

’10

’11

’12

’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 $50K
9%
$50K - $150K
15%
$150K - $350K
22%
$350K - $1M
31%
$1M - $2M
14%
Over $2M
9%

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 Dental Laboratories752 · $146,350 Sporting and Athletic Goods Manufacturing691 · $150,000

Common questions

How much do SBA lenders typically lend to a sheet metal work manufacturing business?: The median SBA approval in NAICS 332322 is $385,950, with the middle 80% of loans between $50,000 and $1,802,000. Across all industries the median is $180,000.
Which lenders are most active in sheet metal work manufacturing?: By dollars approved: Wells Fargo Bank, WBD, Inc., Newtek Bank, California Statewide Certified Development Corporation, JPMorgan Chase 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 sheet metal work manufacturing considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.7% 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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