How Much Can Cheese Manufacturing Businesses Get in SBA Loans?
279 SBA loans totaling $159.6M have been approved for cheese manufacturing businesses (NAICS 311513). The average approved SBA loan is $572K, which is 68% above avg the $340K national average. 127 active lenders fund this industry with a 4.7% default rate on the matured 2018-2021 loan cohort.
At 4.7%, Cheese Manufacturing sits well below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — low default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 311513 (Cheese Manufacturing) received 279 SBA loans worth $159.6M across 5+ states. Average loan $572K, average term 147 months, 4.7% default rate (resolved-loan basis).127 active SBA-approved lenders fund this industry. Manufacturers (NAICS 31-33) qualify for FY2026 SBA fee waivers and the new MARC revolving credit program. There are approximately 579 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Cheese Manufacturing?
FY2026 Manufacturing Fee Waivers Active
The SBA has waived guaranty fees for manufacturers (NAICS 31-33) through September 30, 2026:
504 loans — all guaranty fees waived for manufacturing
7(a) loans up to $950K — guaranty fee waived
Revolving credit line — manufacturers only (new Oct 2025)
The proposed Made in America Manufacturing Finance Act (H.R. 3174) would double SBA limits to $10M for domestic manufacturers — currently passed House, awaiting Senate vote.
Which SBA Program Do Cheese Manufacturing Businesses Use Most?
What Is the Best SBA Loan for Cheese Manufacturing?
Most popular for manufacturing equipment and real estate — with 0% guaranty fees in FY2026
Where Are Cheese Manufacturing SBA Loans Most Common?
Top SBA Lenders for Cheese Manufacturing
These banks have funded the most SBA loans for cheese manufacturing businesses (NAICS 311513). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | WBD, Inc.(WI) | 17 | $25.5M |
| 2 | Wells Fargo Bank National Association(SD) | 17 | $3.5M |
| 3 | KeyBank National Association(OH) | 11 | $8.8M |
| 4 | U.S. Bank, National Association(OH) | 11 | $5.5M |
| 5 | Zions Bank, A Division of(UT) | 7 | $3.3M |
Cheese Manufacturing Industry Context
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How Does SBA Lending Work for Cheese Manufacturing Businesses?
Across all SBA loan programs, 279 loans have been approved for businesses classified under NAICS 311513 (Cheese Manufacturing), representing $159.6M in total capital deployed. The average approved loan of $572K is 68% above avg the national SBA average of $340K, with typical repayment terms of 147 months.
SBA lending for cheese manufacturing has remained relatively stable across recent fiscal years. 127 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
Notably, 20% of SBA loans in this industry use the 504 program — well above the national average — indicating that cheese manufacturing businesses frequently finance major fixed assets like real estate, heavy equipment, or facility buildouts. The 504 program offers up to $5.5M with below-market fixed rates and only 10% down from the borrower.
As a manufacturing business under NAICS 31-33, you qualify for enhanced SBA incentives through September 30, 2026. The SBA has fully waived guaranty fees on all 504 loans and on 7(a) loans up to $950,000 for manufacturers. Additionally, the MARC (Manufacturers' Access to Revolving Credit) program launched in October 2025, offering up to $5M in revolving credit exclusively for domestic manufacturers — a first for SBA lending.
Frequently Asked Questions — Cheese Manufacturing SBA Loans
What is the average SBA loan size for cheese manufacturing businesses?
Which SBA loan program is best for a cheese manufacturing business?
How many lenders fund SBA loans for cheese manufacturing?
Are there SBA fee waivers for manufacturing businesses in 2026?
How does PeerSense help cheese manufacturing businesses get SBA loans?
Related Manufacturing Industries
Data aggregated from SBA loan records (1992–2025). Cheese Manufacturing defined by NAICS code 311513. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.