NAICS 333111 · Manufacturing
SBA loans for farm machinery and equipment manufacturing
221 SBA loans worth $168.7M have been approved in this industry since FY2010 - the #521 most-financed NAICS code in the country.
Median loan
$407,000
+126% vs all industries
Typical range
$50K-$2.0M
Middle 80%
Median rate
6.38%
7(a) initial note rate
Median term
10 yr
Charge-off rate
5.6%
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 |
|---|---|---|---|
| Security Financial Bank | 12 | $19.2M | |
| Equity Bank | 5 | $7.7M | |
| Live Oak Banking Company | 4 | $6.5M | |
| Wells Fargo Bank | 10 | $6.1M | |
| Texas Panhandle Regional Development Corporation | 1 | $5.5M | |
| The Lamesa National Bank | 1 | $5.0M | |
| BankUnited | 1 | $5.0M | |
| The Huntington National Bank | 14 | $4.4M | |
| Byline Bank | 3 | $4.1M | |
| KodaBank | 2 | $3.9M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Minnesota | 30 | |
| California | 25 | |
| Iowa | 16 | |
| Kansas | 12 | |
| Florida | 11 | |
| Nebraska | 10 | |
| Ohio | 10 | |
| North Dakota | 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 $50K8%
- $50K - $150K19%
- $150K - $350K18%
- $350K - $1M30%
- $1M - $2M12%
- Over $2M13%
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 farm machinery and equipment manufacturing business?
- The median SBA approval in NAICS 333111 is $407,000, with the middle 80% of loans between $50,000 and $2,000,000. Across all industries the median is $180,000.
- Which lenders are most active in farm machinery and equipment manufacturing?
- By dollars approved: Security Financial Bank, Equity Bank, Live Oak Banking Company, Wells Fargo Bank, Texas Panhandle Regional 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 farm machinery and equipment manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.6% 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.