How Much Can Machine Shops Businesses Get in SBA Loans?
7,027 SBA loans totaling $3.4B have been approved for machine shops businesses (NAICS 332710). The average approved SBA loan is $479K, which is 41% above avg the $340K national average. 922 active lenders fund this industry with a 9.3% default rate on the matured 2018-2021 loan cohort.
At 9.3%, Machine Shops 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. The capital source prices this risk into rate and structure.
NAICS 332710 (Machine Shops) received 7,027 SBA loans worth $3.4B across 5+ states. Average loan $479K, average term 137 months, 9.3% default rate (resolved loan basis).922 active SBA approved lenders fund this industry.Manufacturers in NAICS 31 to 33 qualify for FY2027 SBA fee terms and can access the MARC revolving credit program. There are approximately 17,433 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Machine Shops?
FY2027 Manufacturing Fee Waivers Active
The SBA has waived both 504 fees for manufacturers in NAICS 31 to 33 through September 30, 2027:
504 loans: all guaranty fees waived for manufacturing
7(a) loans of $700,000 or less: 0% upfront fee for manufacturers
Revolving credit line: manufacturers only, launched 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 Machine Shops Businesses Use Most?
What Is the Best SBA Loan for Machine Shops?
Popular for manufacturing equipment and real estate, with 504 fees waived in FY2027
Where Are Machine Shops SBA Loans Most Common?
SBA Lending Activity in Machine Shops
922 SBA lenders have funded 7,027 loans to machine shops businesses (NAICS 332710). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.
Machine Shops Industry Context
Talk to PeerSense
PeerSense sources capital for machine shops businesses. The capital source sets the terms. No upfront fee. Talk to PeerSense. Referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Talk to PeerSense about financing a Machine Shops business.
Tell us your loan amount and use of funds. PeerSense sources capital. The capital source sets the terms.
SBA 7(a) / 504: PeerSense will reach out. No obligation.
How Does SBA Lending Work for Machine Shops Businesses?
Across all SBA loan programs, 7,027 loans have been approved for businesses classified under NAICS 332710 (Machine Shops), representing $3.4B in total capital deployed. The average approved loan of $479K is 41% above avg the national SBA average of $340K, with typical repayment terms of 137 months.
SBA lending for machine shops has remained relatively stable across recent fiscal years. 922 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
The industry sees a balanced mix of SBA programs, with 18% 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 to 33, you qualify for FY2027 SBA fee terms through September 30, 2027. For manufacturers, the SBA has waived the 504 upfront guaranty fee and annual service fee, and the 7(a) upfront fee is 0% on loans of $700,000 or less. 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: Machine Shops SBA Loans
What is the average SBA loan size for machine shops businesses?
Which SBA loan program is best for a machine shops business?
How many lenders fund SBA loans for machine shops?
Are there SBA fee waivers for manufacturing businesses in 2026?
How does PeerSense help machine shops businesses get SBA loans?
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Data aggregated from SBA loan records (1992 to 2025). Machine Shops defined by NAICS code 332710. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.