How Much Can Hardwood Veneer and Plywood Manufacturing Businesses Get in SBA Loans?
215 SBA loans totaling $132.3M have been approved for hardwood veneer and plywood manufacturing businesses (NAICS 321211). The average approved SBA loan is $616K, which is 81% above avg the $340K national average. 110 active lenders fund this industry with a 16.3% default rate on the matured 2018-2021 loan cohort.
At 16.3%, Hardwood Veneer and Plywood Manufacturing sits above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — above average 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 321211 (Hardwood Veneer and Plywood Manufacturing) received 215 SBA loans worth $132.3M across 5+ states. Average loan $616K, average term 133 months, 16.3% default rate (resolved-loan basis).110 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 207 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Hardwood Veneer and Plywood Manufacturing?+900% growth
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 Hardwood Veneer and Plywood Manufacturing Businesses Use Most?
What Is the Best SBA Loan for Hardwood Veneer and Plywood Manufacturing?
Most popular for manufacturing equipment and real estate — with 0% guaranty fees in FY2026
Where Are Hardwood Veneer and Plywood Manufacturing SBA Loans Most Common?
Top SBA Lenders for Hardwood Veneer and Plywood Manufacturing
These banks have funded the most SBA loans for hardwood veneer and plywood manufacturing businesses (NAICS 321211). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | U.S. Bank, National Association(OH) | 14 | $5.0M |
| 2 | Truist Bank(NC) | 10 | $5.8M |
| 3 | The Huntington National Bank(OH) | 8 | $8.2M |
| 4 | Wells Fargo Bank National Association(SD) | 7 | $3.7M |
| 5 | Bank of America, National Association(NC) | 7 | $158K |
Hardwood Veneer and Plywood Manufacturing Industry Context
Ready to Fund Your Hardwood Veneer and Plywood Manufacturing Business?
PeerSense places SBA loans for hardwood veneer and plywood manufacturing businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Financing a Hardwood Veneer and Plywood Manufacturing business? Get matched to an SBA lender.
Tell us your loan amount and use of funds. We route you to the lender most likely to fund a deal in your industry.
SBA 7(a) / 504 — Response within 4 business hours. No obligation.
How Does SBA Lending Work for Hardwood Veneer and Plywood Manufacturing Businesses?
Across all SBA loan programs, 215 loans have been approved for businesses classified under NAICS 321211 (Hardwood Veneer and Plywood Manufacturing), representing $132.3M in total capital deployed. The average approved loan of $616K is 81% above avg the national SBA average of $340K, with typical repayment terms of 133 months.
SBA lending for hardwood veneer and plywood manufacturing is accelerating — loan volume has grown approximately 900% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2019.
Notably, 21% of SBA loans in this industry use the 504 program — well above the national average — indicating that hardwood veneer and plywood 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 — Hardwood Veneer and Plywood Manufacturing SBA Loans
What is the average SBA loan size for hardwood veneer and plywood manufacturing businesses?
Which SBA loan program is best for a hardwood veneer and plywood manufacturing business?
How many lenders fund SBA loans for hardwood veneer and plywood manufacturing?
Are there SBA fee waivers for manufacturing businesses in 2026?
How does PeerSense help hardwood veneer and plywood manufacturing businesses get SBA loans?
Related Manufacturing Industries
Commercial Gravure Printing
Commercial Lithographic Printing
Commercial Screen Printing
All Other Plastics Product Manufacturing
Other Commercial Printing
Cut Stone and Stone Product Manufacturing
Data aggregated from SBA loan records (1992–2025). Hardwood Veneer and Plywood Manufacturing defined by NAICS code 321211. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.