NAICS 333515 · Manufacturing
SBA loans for cutting tool and machine tool accessory manufacturing
290 SBA loans worth $133.8M have been approved in this industry since FY2010 - the #456 most-financed NAICS code in the country.
Median loan
$239,100
+33% vs all industries
Typical range
$32K-$1.1M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
5.5%
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 | Share |
|---|---|---|---|
| The Huntington National Bank | 35 | $11.0M | |
| Wells Fargo Bank | 14 | $10.9M | |
| Old National Bank | 5 | $6.1M | |
| Brightbridge, Inc. | 1 | $5.4M | |
| First Bank of the Lake | 1 | $5.0M | |
| Midwest Business Finance Corporation | 4 | $4.6M | |
| Ohio Statewide Development Corporation | 1 | $4.6M | |
| KeyBank | 4 | $3.6M | |
| Fifth Third Bank | 13 | $3.5M | |
| Commerce Bank | 2 | $3.0M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Michigan | 51 | |
| Ohio | 42 | |
| Indiana | 25 | |
| California | 22 | |
| Illinois | 15 | |
| Wisconsin | 14 | |
| Minnesota | 12 | |
| Connecticut | 12 |
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 $50K14%
- $50K - $150K23%
- $150K - $350K24%
- $350K - $1M28%
- $1M - $2M6%
- Over $2M5%
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 cutting tool and machine tool accessory manufacturing business?
- The median SBA approval in NAICS 333515 is $239,100, with the middle 80% of loans between $32,200 and $1,074,100. Across all industries the median is $180,000.
- Which lenders are most active in cutting tool and machine tool accessory manufacturing?
- By dollars approved: The Huntington National Bank, Wells Fargo Bank, Old National Bank, Brightbridge, Inc., First Bank of the Lake. 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 cutting tool and machine tool accessory manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.5% 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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