How much do SBA lenders typically lend to a surgical and medical instrument manufacturing business?

The median SBA approval in NAICS 339112 is $350,000, with the middle 80% of loans between $50,000 and $2,168,000. Across all industries the median is $180,000.

Which lenders are most active in surgical and medical instrument manufacturing?

By dollars approved: First American Bank, Wells Fargo Bank, The Huntington National Bank, U.S. Bank, First Commonwealth 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 surgical and medical instrument 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.

NAICS 339112 · Manufacturing

SBA loans for surgical and medical instrument manufacturing

478 SBA loans worth $371.4M have been approved in this industry since FY2010 - the #348 most-financed NAICS code in the country.

Median loan

$350,000

+94% vs all industries

Typical range

$50K-$2.2M

Middle 80%

Median rate

6.08%

7(a) initial note rate

Median term

10 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
First American Bank	11	$33.0M
Wells Fargo Bank	34	$23.0M
The Huntington National Bank	27	$10.1M
U.S. Bank	17	$9.5M
First Commonwealth Bank	6	$7.9M
Columbia Bank	5	$7.4M
Mountain West Small Business Finance	7	$7.1M
Florida First Capital Finance Corporation, Inc.	3	$6.4M
KeyBank	7	$6.1M
Greater East Texas Certified Development Company	1	$5.5M

Geography

Where these loans were made

State	Loans	Share
California	67
Minnesota	41
Florida	34
Texas	30
Pennsylvania	26
Ohio	23
Utah	22
Massachusetts	16

Approvals by fiscal year

’10

’11

’12

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’14

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’16

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’18

’19

’20

’21

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
9%
$50K - $150K
16%
$150K - $350K
23%
$350K - $1M
28%
$1M - $2M
13%
Over $2M
11%

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 surgical and medical instrument manufacturing business?: The median SBA approval in NAICS 339112 is $350,000, with the middle 80% of loans between $50,000 and $2,168,000. Across all industries the median is $180,000.
Which lenders are most active in surgical and medical instrument manufacturing?: By dollars approved: First American Bank, Wells Fargo Bank, The Huntington National Bank, U.S. Bank, First Commonwealth 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 surgical and medical instrument 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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