Advertiser disclosure: Some links on this page earn us a commission. Compensation never affects our data, our rankings, or which lenders we cover. How we make money.
NAICS 332992 · Manufacturing
SBA loans for small arms ammunition manufacturing
81 SBA loans worth $38.2M have been approved in this industry since FY2010 - the #741 most-financed NAICS code in the country.
Median loan
$250,000
+39% vs all industries
Typical range
$28K-$1.0M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
7 yr
Charge-off rate
8.5%
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 |
|---|---|---|---|
| Truist Bank | 4 | $5.4M | |
| Zions Bank, A Division of | 10 | $4.6M | |
| Core Bank | 1 | $3.0M | |
| Renasant Bank | 2 | $2.7M | |
| Newtek Bank | 2 | $2.6M | |
| The Bancorp Bank | 3 | $2.2M | |
| Certified Development Corporation of South Carolina | 2 | $2.1M | |
| Needham Bank | 5 | $1.6M | |
| Western Alliance Bank | 3 | $1.5M | |
| Midwest Regional Bank | 1 | $1.5M |
An SBA 7(a) lender for loans this size
60% of the SBA loans approved in small arms ammunition manufacturing since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K16%
- $50K - $150K25%
- $150K - $350K20%
- $350K - $1M25%
- $1M - $2M11%
- Over $2M4%
Nearby
Other manufacturing industries
Common questions
- How much do SBA lenders typically lend to a small arms ammunition manufacturing business?
- The median SBA approval in NAICS 332992 is $250,000, with the middle 80% of loans between $27,500 and $1,046,400. Across all industries the median is $180,000.
- Which lenders are most active in small arms ammunition manufacturing?
- By dollars approved: Truist Bank, Zions Bank, A Division of, Core Bank, Renasant Bank, Newtek 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 small arms ammunition manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.5% were charged off, versus 7.6% across all SBA lending. That is close to average.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.