NAICS 333414 · Manufacturing
SBA loans for heating equipment (except warm air furnaces) manufacturing
86 SBA loans worth $45.3M have been approved in this industry since FY2010 - the #727 most-financed NAICS code in the country.
Median loan
$273,750
+52% vs all industries
Typical range
$35K-$1.4M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
7.1 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 |
|---|---|---|---|
| The Huntington National Bank | 8 | $7.2M | |
| Sentry Bank | 3 | $5.0M | |
| Ultima Bank Minnesota | 3 | $3.0M | |
| World Trade Finance, Inc. | 3 | $2.9M | |
| Wells Fargo Bank | 6 | $2.3M | |
| Business Finance Capital | 1 | $2.3M | |
| Manufacturers and Traders Trust Company | 10 | $1.9M | |
| OakStar Bank | 1 | $1.7M | |
| Old National Bank | 2 | $1.6M | |
| KeyBank | 2 | $1.5M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Minnesota | 9 | |
| Colorado | 8 | |
| Michigan | 7 | |
| California | 6 | |
| Idaho | 5 | |
| Connecticut | 5 | |
| Massachusetts | 4 | |
| Florida | 4 |
Approvals by fiscal year
’10
’11
’12
’13
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’25
’26
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K16%
- $50K - $150K21%
- $150K - $350K19%
- $350K - $1M28%
- $1M - $2M13%
- Over $2M3%
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 heating equipment (except warm air furnaces) manufacturing business?
- The median SBA approval in NAICS 333414 is $273,750, with the middle 80% of loans between $35,000 and $1,408,000. Across all industries the median is $180,000.
- Which lenders are most active in heating equipment (except warm air furnaces) manufacturing?
- By dollars approved: The Huntington National Bank, Sentry Bank, Ultima Bank Minnesota, World Trade Finance, Inc., Wells Fargo 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 heating equipment (except warm air furnaces) 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.
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