How much do SBA lenders typically lend to a machine tool (metal cutting types) manufacturing business?

The median SBA approval in NAICS 333512 is $254,700, with the middle 80% of loans between $25,000 and $1,006,000. Across all industries the median is $180,000.

Which lenders are most active in machine tool (metal cutting types) manufacturing?

By dollars approved: JPMorgan Chase Bank, U.S. Bank, Wells Fargo Bank, Old National Bank, Fifth Third 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 machine tool (metal cutting types) manufacturing considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 0.9% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 333512 · Manufacturing

SBA loans for machine tool (metal cutting types) manufacturing

137 SBA loans worth $59.2M have been approved in this industry since FY2010 - the #614 most-financed NAICS code in the country.

Median loan

$254,700

+42% vs all industries

Typical range

$25K-$1.0M

Middle 80%

Median rate

5.83%

7(a) initial note rate

Median term

10 yr

Charge-off rate

0.9%

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
JPMorgan Chase Bank	9	$4.2M
U.S. Bank	3	$4.0M
Wells Fargo Bank	7	$3.2M
Old National Bank	5	$2.8M
Fifth Third Bank	7	$2.7M
American Plus Bank	2	$2.6M
NexBank	1	$2.3M
UMB Bank	2	$2.3M
SomerCor 504, Inc.	3	$2.1M
SBA CLSC Servicing	3	$2.0M

Geography

Where these loans were made

State	Loans	Share
Michigan	24
Minnesota	12
Texas	9
Wisconsin	9
Ohio	8
California	8
Illinois	8
Oklahoma	5

Approvals by fiscal year

’10

’11

’12

’13

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
14%
$50K - $150K
19%
$150K - $350K
31%
$350K - $1M
22%
$1M - $2M
12%
Over $2M
1%

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 machine tool (metal cutting types) manufacturing business?: The median SBA approval in NAICS 333512 is $254,700, with the middle 80% of loans between $25,000 and $1,006,000. Across all industries the median is $180,000.
Which lenders are most active in machine tool (metal cutting types) manufacturing?: By dollars approved: JPMorgan Chase Bank, U.S. Bank, Wells Fargo Bank, Old National Bank, Fifth Third 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 machine tool (metal cutting types) manufacturing considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 0.9% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

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