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 6.4% historical default rate.
NAICS 332710 (Machine Shops) received 7,027 SBA loans worth $3.4B across 5+ states. Average loan $479K, average term 137 months, default rate 6.4%.922 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 17,433 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Machine Shops?
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 Machine Shops Businesses Use Most?
What Is the Best SBA Loan for Machine Shops?
Most popular for manufacturing equipment and real estate — with 0% guaranty fees in FY2026
Where Are Machine Shops SBA Loans Most Common?
Top SBA Lenders for Machine Shops
These banks have funded the most SBA loans for machine shops businesses (NAICS 332710). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | The Huntington National Bank(OH) | 352 | $129.4M |
| 2 | U.S. Bank, National Association(OH) | 316 | $158.2M |
| 3 | Wells Fargo Bank National Association(SD) | 288 | $148.1M |
| 4 | Citizens Bank, National Association(RI) | 271 | $25.7M |
| 5 | JPMorgan Chase Bank, National Association(OH) | 239 | $55.6M |
Machine Shops Industry Context
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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 31-33, 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 — 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 (1992–2025). Machine Shops defined by NAICS code 332710. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.