How Much Can Iron and Steel Mills and Ferroalloy Manufacturing Businesses Get in SBA Loans?
107 SBA loans totaling $65.4M have been approved for iron and steel mills and ferroalloy manufacturing businesses (NAICS 331110). The average approved SBA loan is $612K, which is 80% above avg the $340K national average. 56 active lenders fund this industry.
NAICS 331110 (Iron and Steel Mills and Ferroalloy Manufacturing) received 107 SBA loans worth $65.4M across 5+ states. Average loan $612K, average term 138 months.56 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 314 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Iron and Steel Mills and Ferroalloy Manufacturing?+75% 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 Iron and Steel Mills and Ferroalloy Manufacturing Businesses Use Most?
What Is the Best SBA Loan for Iron and Steel Mills and Ferroalloy Manufacturing?
Versatile funding for working capital, equipment, and expansion — guaranty fee waiver on loans up to $950K in FY2026
Where Are Iron and Steel Mills and Ferroalloy Manufacturing SBA Loans Most Common?
Top SBA Lenders for Iron and Steel Mills and Ferroalloy Manufacturing
These banks have funded the most SBA loans for iron and steel mills and ferroalloy manufacturing businesses (NAICS 331110). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | The Huntington National Bank(OH) | 13 | $2.1M |
| 2 | Celtic Bank Corporation(UT) | 7 | $5.8M |
| 3 | KeyBank National Association(OH) | 5 | $6.0M |
| 4 | JPMorgan Chase Bank, National Association(OH) | 4 | $1.1M |
| 5 | U.S. Bank, National Association(OH) | 3 | $3.6M |
Iron and Steel Mills and Ferroalloy Manufacturing Industry Context
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How Does SBA Lending Work for Iron and Steel Mills and Ferroalloy Manufacturing Businesses?
Across all SBA loan programs, 107 loans have been approved for businesses classified under NAICS 331110 (Iron and Steel Mills and Ferroalloy Manufacturing), representing $65.4M in total capital deployed. The average approved loan of $612K is 80% above avg the national SBA average of $340K, with typical repayment terms of 138 months.
SBA lending for iron and steel mills and ferroalloy manufacturing is accelerating — loan volume has grown approximately 75% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2019.
The industry sees a balanced mix of SBA programs, with 14% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
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 — Iron and Steel Mills and Ferroalloy Manufacturing SBA Loans
What is the average SBA loan size for iron and steel mills and ferroalloy manufacturing businesses?
Which SBA loan program is best for a iron and steel mills and ferroalloy manufacturing business?
How many lenders fund SBA loans for iron and steel mills and ferroalloy manufacturing?
Are there SBA fee waivers for manufacturing businesses in 2026?
How does PeerSense help iron and steel mills and ferroalloy manufacturing businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Iron and Steel Mills and Ferroalloy Manufacturing defined by NAICS code 331110. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.