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.

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
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

Geography

Where these loans were made

State	Loans	Share
Utah	8
Idaho	7
New Hampshire	6
Texas	6
Michigan	5
Ohio	5
Georgia	4
Arizona	4

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
16%
$50K - $150K
25%
$150K - $350K
20%
$350K - $1M
25%
$1M - $2M
11%
Over $2M
4%

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 Sheet Metal Work Manufacturing806 · $385,950 Dental Laboratories752 · $146,350

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.

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