NAICS 332510 · Manufacturing
SBA loans for hardware manufacturing
233 SBA loans worth $155.3M have been approved in this industry since FY2010 - the #505 most-financed NAICS code in the country.
Median loan
$350,000
+94% vs all industries
Typical range
$35K-$1.7M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
5.3%
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 |
|---|---|---|---|
| The Huntington National Bank | 14 | $8.3M | |
| Byline Bank | 6 | $7.9M | |
| Hinsdale Bank & Trust Company | 3 | $5.6M | |
| Wells Fargo Bank | 15 | $5.5M | |
| Hancock Whitney Bank | 1 | $5.0M | |
| Lake Michigan CU | 2 | $4.8M | |
| Columbia Bank | 7 | $4.3M | |
| National Bank of Commerce | 1 | $4.0M | |
| Eastern Bank | 4 | $3.8M | |
| JPMorgan Chase Bank | 13 | $3.5M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 35 | |
| Illinois | 25 | |
| Florida | 18 | |
| Texas | 16 | |
| New York | 13 | |
| Utah | 12 | |
| Ohio | 11 | |
| Connecticut | 9 |
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 $50K13%
- $50K - $150K19%
- $150K - $350K18%
- $350K - $1M27%
- $1M - $2M15%
- 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 hardware manufacturing business?
- The median SBA approval in NAICS 332510 is $350,000, with the middle 80% of loans between $35,000 and $1,700,000. Across all industries the median is $180,000.
- Which lenders are most active in hardware manufacturing?
- By dollars approved: The Huntington National Bank, Byline Bank, Hinsdale Bank & Trust Company, Wells Fargo Bank, Hancock Whitney 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 hardware manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.3% 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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