NAICS 332994 · Manufacturing
SBA loans for small arms, ordnance, and ordnance accessories manufacturing
222 SBA loans worth $124.0M have been approved in this industry since FY2010 - the #517 most-financed NAICS code in the country.
Median loan
$200,000
+11% vs all industries
Typical range
$25K-$1.5M
Middle 80%
Median rate
6.88%
7(a) initial note rate
Median term
10 yr
Charge-off rate
10.1%
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 | 8 | $10.0M | |
| OakStar Bank | 5 | $8.5M | |
| Mountain West Small Business Finance | 4 | $5.7M | |
| First Horizon Bank | 4 | $5.5M | |
| Florida First Capital Finance Corporation, Inc. | 3 | $5.0M | |
| Beacon Bank and Trust | 1 | $5.0M | |
| CIBM Bank | 2 | $4.5M | |
| Newtek Bank | 11 | $4.2M | |
| Washington Trust Bank | 6 | $3.6M | |
| Coulee Bank | 4 | $3.6M |
Approvals by fiscal year
’10
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’19
’20
’21
’22
’23
’24
’25
’26
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K19%
- $50K - $150K20%
- $150K - $350K19%
- $350K - $1M24%
- $1M - $2M10%
- Over $2M7%
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 small arms, ordnance, and ordnance accessories manufacturing business?
- The median SBA approval in NAICS 332994 is $200,000, with the middle 80% of loans between $25,000 and $1,490,000. Across all industries the median is $180,000.
- Which lenders are most active in small arms, ordnance, and ordnance accessories manufacturing?
- By dollars approved: The Huntington National Bank, OakStar Bank, Mountain West Small Business Finance, First Horizon Bank, Florida First Capital Finance Corporation, Inc.. 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, ordnance, and ordnance accessories manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.1% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
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