How Much Can Small Arms Manufacturing Businesses Get in SBA Loans?
295 SBA loans totaling $149.5M have been approved for small arms manufacturing businesses (NAICS 332994). The average approved SBA loan is $507K, which is 49% above avg the $340K national average. 134 active lenders fund this industry with a 10.2% default rate on the matured 2018-2021 loan cohort.
At 10.2%, Small Arms 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 332994 (Small Arms Manufacturing) received 295 SBA loans worth $149.5M across 5+ states. Average loan $507K, average term 118 months, 10.2% default rate (resolved-loan basis).134 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 517 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Small Arms Manufacturing?+91% 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 Small Arms Manufacturing Businesses Use Most?
What Is the Best SBA Loan for Small Arms Manufacturing?
Versatile funding for working capital, equipment, and expansion — guaranty fee waiver on loans up to $950K in FY2026
Where Are Small Arms Manufacturing SBA Loans Most Common?
Top SBA Lenders for Small Arms Manufacturing
These banks have funded the most SBA loans for small arms manufacturing businesses (NAICS 332994). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 14 | $2.5M |
| 2 | U.S. Bank, National Association(OH) | 10 | $3.8M |
| 3 | Newtek Bank, National Association(FL) | 9 | $3.7M |
| 4 | Bank of America, National Association(NC) | 8 | $923K |
| 5 | Glacier Bank(MT) | 7 | $1.5M |
Small Arms Manufacturing Industry Context
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How Does SBA Lending Work for Small Arms Manufacturing Businesses?
Across all SBA loan programs, 295 loans have been approved for businesses classified under NAICS 332994 (Small Arms Manufacturing), representing $149.5M in total capital deployed. The average approved loan of $507K is 49% above avg the national SBA average of $340K, with typical repayment terms of 118 months.
SBA lending for small arms manufacturing is accelerating — loan volume has grown approximately 91% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2017.
The industry sees a balanced mix of SBA programs, with 13% 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 — Small Arms Manufacturing SBA Loans
What is the average SBA loan size for small arms manufacturing businesses?
Which SBA loan program is best for a small arms manufacturing business?
How many lenders fund SBA loans for small arms manufacturing?
Are there SBA fee waivers for manufacturing businesses in 2026?
How does PeerSense help small arms manufacturing businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Small Arms Manufacturing defined by NAICS code 332994. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.