NAICS 335314 · Manufacturing
SBA loans for relay and industrial control manufacturing
76 SBA loans worth $61.0M have been approved in this industry since FY2010 - the #755 most-financed NAICS code in the country.
Median loan
$293,500
+63% vs all industries
Typical range
$25K-$2.7M
Middle 80%
Median rate
6.97%
7(a) initial note rate
Median term
10 yr
Charge-off rate
9.8%
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 |
|---|---|---|---|
| Byline Bank | 6 | $13.7M | |
| Truist Bank | 1 | $5.0M | |
| Bank of America | 1 | $3.7M | |
| T Bank | 1 | $3.5M | |
| First Business Bank | 3 | $3.5M | |
| KeyBank | 2 | $2.9M | |
| Bridgewater Bank | 1 | $2.8M | |
| Enterprise Bank & Trust | 1 | $2.6M | |
| The Huntington National Bank | 3 | $2.2M | |
| U.S. Bank | 4 | $2.0M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Ohio | 7 | |
| Florida | 6 | |
| Massachusetts | 5 | |
| Kansas | 5 | |
| California | 5 | |
| Michigan | 4 | |
| Minnesota | 4 | |
| Illinois | 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 $50K14%
- $50K - $150K18%
- $150K - $350K24%
- $350K - $1M18%
- $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 relay and industrial control manufacturing business?
- The median SBA approval in NAICS 335314 is $293,500, with the middle 80% of loans between $25,000 and $2,670,000. Across all industries the median is $180,000.
- Which lenders are most active in relay and industrial control manufacturing?
- By dollars approved: Byline Bank, Truist Bank, Bank of America, T Bank, First Business 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 relay and industrial control manufacturing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.8% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
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