How Much Can Oil and Gas Field Machinery and Equipment Manufacturing Businesses Get in SBA Loans?
441 SBA loans totaling $250.8M have been approved for oil and gas field machinery and equipment manufacturing businesses (NAICS 333132). The average approved SBA loan is $569K, which is 67% above avg the $340K national average. 156 active lenders fund this industry with a 9.7% default rate on the matured 2018-2021 loan cohort.
At 9.7%, Oil and Gas Field Machinery and Equipment Manufacturing 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 333132 (Oil and Gas Field Machinery and Equipment Manufacturing) received 441 SBA loans worth $250.8M across 5+ states. Average loan $569K, average term 115 months, 9.7% default rate (resolved-loan basis).156 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 626 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Oil and Gas Field Machinery and Equipment Manufacturing?-12% 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 Oil and Gas Field Machinery and Equipment Manufacturing Businesses Use Most?
What Is the Best SBA Loan for Oil and Gas Field Machinery and Equipment Manufacturing?
Versatile funding for working capital, equipment, and expansion — guaranty fee waiver on loans up to $950K in FY2026
Where Are Oil and Gas Field Machinery and Equipment Manufacturing SBA Loans Most Common?
Top SBA Lenders for Oil and Gas Field Machinery and Equipment Manufacturing
These banks have funded the most SBA loans for oil and gas field machinery and equipment manufacturing businesses (NAICS 333132). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 38 | $8.4M |
| 2 | JPMorgan Chase Bank, National Association(OH) | 29 | $7.7M |
| 3 | Zions Bank, A Division of(UT) | 21 | $15.8M |
| 4 | Gulf Coast Bank(LA) | 18 | $11.8M |
| 5 | PNC Bank, National Association(DE) | 16 | $2.1M |
Oil and Gas Field Machinery and Equipment Manufacturing Industry Context
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How Does SBA Lending Work for Oil and Gas Field Machinery and Equipment Manufacturing Businesses?
Across all SBA loan programs, 441 loans have been approved for businesses classified under NAICS 333132 (Oil and Gas Field Machinery and Equipment Manufacturing), representing $250.8M in total capital deployed. The average approved loan of $569K is 67% above avg the national SBA average of $340K, with typical repayment terms of 115 months.
SBA lending for oil and gas field machinery and equipment manufacturing has contracted approximately 12% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 156 lenders remain active, maintaining competitive options for qualified borrowers.
The industry sees a balanced mix of SBA programs, with 12% 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 — Oil and Gas Field Machinery and Equipment Manufacturing SBA Loans
What is the average SBA loan size for oil and gas field machinery and equipment manufacturing businesses?
Which SBA loan program is best for a oil and gas field machinery and equipment manufacturing business?
How many lenders fund SBA loans for oil and gas field machinery and equipment manufacturing?
Are there SBA fee waivers for manufacturing businesses in 2026?
How does PeerSense help oil and gas field machinery and equipment manufacturing businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Oil and Gas Field Machinery and Equipment Manufacturing defined by NAICS code 333132. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.