How Much Can Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex Businesses Get in SBA Loans?
142 SBA loans totaling $52.1M have been approved for nonferrous metal (except copper and aluminum) rolling, drawing, and ex businesses (NAICS 331491). The average approved SBA loan is $367K, which is 8% above avg the $340K national average. 62 active lenders fund this industry with a 3.6% default rate on the matured 2018-2021 loan cohort.
At 3.6%, Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex 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 331491 (Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex) received 142 SBA loans worth $52.1M across 5+ states. Average loan $367K, average term 117 months, 3.6% default rate (resolved-loan basis).62 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 225 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex?-33% decline
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 Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex Businesses Use Most?
What Is the Best SBA Loan for Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex?
Most popular for manufacturing equipment and real estate — with 0% guaranty fees in FY2026
Where Are Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex SBA Loans Most Common?
Top SBA Lenders for Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex
These banks have funded the most SBA loans for nonferrous metal (except copper and aluminum) rolling, drawing, and ex businesses (NAICS 331491). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | The Huntington National Bank(OH) | 27 | $6.2M |
| 2 | Manufacturers and Traders Trust Company(NY) | 12 | $1.2M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 6 | $1.1M |
| 4 | Wells Fargo Bank National Association(SD) | 5 | $2.3M |
| 5 | Citizens Bank, National Association(RI) | 5 | $163K |
Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex Industry Context
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How Does SBA Lending Work for Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex Businesses?
Across all SBA loan programs, 142 loans have been approved for businesses classified under NAICS 331491 (Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex), representing $52.1M in total capital deployed. The average approved loan of $367K is 8% above avg the national SBA average of $340K, with typical repayment terms of 117 months.
SBA lending for nonferrous metal (except copper and aluminum) rolling, drawing, and ex has contracted approximately 33% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 62 lenders remain active, maintaining competitive options for qualified borrowers.
The industry sees a balanced mix of SBA programs, with 17% 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 — Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex SBA Loans
What is the average SBA loan size for nonferrous metal (except copper and aluminum) rolling, drawing, and ex businesses?
Which SBA loan program is best for a nonferrous metal (except copper and aluminum) rolling, drawing, and ex business?
How many lenders fund SBA loans for nonferrous metal (except copper and aluminum) rolling, drawing, and ex?
Are there SBA fee waivers for manufacturing businesses in 2026?
How does PeerSense help nonferrous metal (except copper and aluminum) rolling, drawing, and ex businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Ex defined by NAICS code 331491. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.