NAICS 334510 · Manufacturing
SBA loans for electromedical and electrotherapeutic apparatus manufacturing
118 SBA loans worth $70.9M have been approved in this industry since FY2010 - the #650 most-financed NAICS code in the country.
Median loan
$187,850
+4% vs all industries
Typical range
$40K-$1.9M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
9 yr
Charge-off rate
4.3%
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 |
|---|---|---|---|
| Midland States Bank | 1 | $5.0M | |
| First Horizon Bank | 1 | $5.0M | |
| U.S. Bank | 7 | $3.6M | |
| Equity Bank | 2 | $3.6M | |
| Wells Fargo Bank | 5 | $3.6M | |
| Gulf Coast Bank and Trust Company | 1 | $3.5M | |
| Wilmington Savings Fund Society | 1 | $3.2M | |
| Regions Bank | 4 | $3.1M | |
| Platinum Bank | 1 | $3.0M | |
| Old National Bank | 4 | $3.0M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 18 | |
| Massachusetts | 8 | |
| Texas | 8 | |
| Illinois | 8 | |
| Minnesota | 7 | |
| Ohio | 5 | |
| New Hampshire | 4 | |
| Florida | 4 |
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 $50K13%
- $50K - $150K27%
- $150K - $350K23%
- $350K - $1M18%
- $1M - $2M10%
- Over $2M9%
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 electromedical and electrotherapeutic apparatus manufacturing business?
- The median SBA approval in NAICS 334510 is $187,850, with the middle 80% of loans between $40,000 and $1,855,000. Across all industries the median is $180,000.
- Which lenders are most active in electromedical and electrotherapeutic apparatus manufacturing?
- By dollars approved: Midland States Bank, First Horizon Bank, U.S. Bank, Equity Bank, 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 electromedical and electrotherapeutic apparatus manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.3% 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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