How Much Can Sheet Metal Work Manufacturing Businesses Get in SBA Loans?
1,530 SBA loans totaling $878.9M have been approved for sheet metal work manufacturing businesses (NAICS 332322). The average approved SBA loan is $574K, which is 69% above avg the $340K national average. 383 active lenders fund this industry with a 12.0% default rate on the matured 2018-2021 loan cohort.
At 12.0%, Sheet Metal Work Manufacturing sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — moderate 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 332322 (Sheet Metal Work Manufacturing) received 1,530 SBA loans worth $878.9M across 5+ states. Average loan $574K, average term 145 months, 12.0% default rate (resolved-loan basis).383 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 4,605 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Sheet Metal Work Manufacturing?+41% 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 Sheet Metal Work Manufacturing Businesses Use Most?
What Is the Best SBA Loan for Sheet Metal Work Manufacturing?
Most popular for manufacturing equipment and real estate — with 0% guaranty fees in FY2026
Where Are Sheet Metal Work Manufacturing SBA Loans Most Common?
Top SBA Lenders for Sheet Metal Work Manufacturing
These banks have funded the most SBA loans for sheet metal work manufacturing businesses (NAICS 332322). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 61 | $29.5M |
| 2 | JPMorgan Chase Bank, National Association(OH) | 51 | $21.8M |
| 3 | PNC Bank, National Association(DE) | 44 | $9.2M |
| 4 | Citizens Bank, National Association(RI) | 40 | $8.2M |
| 5 | U.S. Bank, National Association(OH) | 39 | $13.5M |
Sheet Metal Work Manufacturing Industry Context
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How Does SBA Lending Work for Sheet Metal Work Manufacturing Businesses?
Across all SBA loan programs, 1,530 loans have been approved for businesses classified under NAICS 332322 (Sheet Metal Work Manufacturing), representing $878.9M in total capital deployed. The average approved loan of $574K is 69% above avg the national SBA average of $340K, with typical repayment terms of 145 months.
SBA lending for sheet metal work manufacturing is accelerating — loan volume has grown approximately 41% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2022.
Notably, 23% of SBA loans in this industry use the 504 program — well above the national average — indicating that sheet metal work manufacturing businesses frequently finance major fixed assets like real estate, heavy equipment, or facility buildouts. The 504 program offers up to $5.5M with below-market fixed rates and only 10% down from the borrower.
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 — Sheet Metal Work Manufacturing SBA Loans
What is the average SBA loan size for sheet metal work manufacturing businesses?
Which SBA loan program is best for a sheet metal work manufacturing business?
How many lenders fund SBA loans for sheet metal work manufacturing?
Are there SBA fee waivers for manufacturing businesses in 2026?
How does PeerSense help sheet metal work manufacturing businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Sheet Metal Work Manufacturing defined by NAICS code 332322. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.