How much do SBA lenders typically lend to a machine shops business?

The median SBA approval in NAICS 332710 is $300,000, with the middle 80% of loans between $50,000 and $1,630,900. Across all industries the median is $180,000.

Which lenders are most active in machine shops?

By dollars approved: U.S. Bank, The Huntington National Bank, Wells Fargo Bank, Byline Bank, Mortgage Capital Development Corporation. 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 machine shops 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.

NAICS 332710 · Manufacturing

SBA loans for machine shops

4,240 SBA loans worth $2.60B have been approved in this industry since FY2010 - the #57 most-financed NAICS code in the country.

Median loan

$300,000

+67% vs all industries

Typical range

$50K-$1.6M

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
U.S. Bank	214	$127.4M
The Huntington National Bank	319	$126.4M
Wells Fargo Bank	171	$109.9M
Byline Bank	70	$83.4M
Mortgage Capital Development Corporation	47	$62.5M
KeyBank	63	$53.0M
WBD, Inc.	50	$42.4M
JPMorgan Chase Bank	136	$40.5M
CDC Small Business Finance Corp.	52	$39.6M
Live Oak Banking Company	18	$39.2M

Geography

Where these loans were made

State	Loans	Share
California	598
Ohio	332
Wisconsin	322
Minnesota	298
Michigan	271
Texas	227
New York	192
Illinois	187

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
10%
$50K - $150K
20%
$150K - $350K
24%
$350K - $1M
26%
$1M - $2M
12%
Over $2M
7%

Nearby

Other manufacturing industries

See the sector

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 Sporting and Athletic Goods Manufacturing691 · $150,000

Common questions

How much do SBA lenders typically lend to a machine shops business?: The median SBA approval in NAICS 332710 is $300,000, with the middle 80% of loans between $50,000 and $1,630,900. Across all industries the median is $180,000.
Which lenders are most active in machine shops?: By dollars approved: U.S. Bank, The Huntington National Bank, Wells Fargo Bank, Byline Bank, Mortgage Capital Development Corporation. 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 machine shops 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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