How Much Can Steel Investment Foundries Businesses Get in SBA Loans?
26 SBA loans totaling $11.9M have been approved for steel investment foundries businesses (NAICS 331512). The average approved SBA loan is $457K, which is 34% above avg the $340K national average. 20 active lenders fund this industry.
NAICS 331512 (Steel Investment Foundries) received 26 SBA loans worth $11.9M across 5+ states. Average loan $457K, average term 142 months.20 active SBA-approved lenders fund this industry. Manufacturers (NAICS 31-33) qualify for FY2026 SBA fee waivers and the new MARC revolving credit program.
Is SBA Lending Growing for Steel Investment Foundries?
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 Steel Investment Foundries Businesses Use Most?
What Is the Best SBA Loan for Steel Investment Foundries?
Most popular for manufacturing equipment and real estate — with 0% guaranty fees in FY2026
Where Are Steel Investment Foundries SBA Loans Most Common?
Top SBA Lenders for Steel Investment Foundries
These banks have funded the most SBA loans for steel investment foundries businesses (NAICS 331512). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Cadence Bank(MS) | 2 | $350K |
| 2 | WBD, Inc.(WI) | 2 | $781K |
| 3 | Wells Fargo Bank National Association(SD) | 2 | $146K |
| 4 | PNC Bank, National Association(DE) | 2 | $1.2M |
| 5 | The Huntington National Bank(OH) | 2 | $2.2M |
Steel Investment Foundries Industry Context
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How Does SBA Lending Work for Steel Investment Foundries Businesses?
Across all SBA loan programs, 26 loans have been approved for businesses classified under NAICS 331512 (Steel Investment Foundries), representing $11.9M in total capital deployed. The average approved loan of $457K is 34% above avg the national SBA average of $340K, with typical repayment terms of 142 months.
SBA lending for steel investment foundries has remained relatively stable across recent fiscal years. 20 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 19% 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 — Steel Investment Foundries SBA Loans
What is the average SBA loan size for steel investment foundries businesses?
Which SBA loan program is best for a steel investment foundries business?
How many lenders fund SBA loans for steel investment foundries?
Are there SBA fee waivers for manufacturing businesses in 2026?
How does PeerSense help steel investment foundries businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Steel Investment Foundries defined by NAICS code 331512. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.