SBA Loans for Machine Shops: Top Lenders & Recent Approvals

NAICS 332

NAICS 332 covers machine shops businesses. Based on historical SBA 7(a) lending data.

Total Approvals

776

for Machine Shops

Median Loan Size

$300,000

per approval

Recent Activity

last 90 days through Dec 2025

NAICS 332 covers machine shops businesses. This is a moderately active sector for SBA 7(a) lending with 776 approvals and a median loan size of $300,000.

Key trends & insights

THE Huntington National Bank leads this industry with 67 approvals (18% market share) and a median loan of $150,000.
The typical loan size for machine shops has decreased 41% — average median moving from $583,417 to $342,475.
Loan sizes vary dramatically by location — the median in Tennessee ($1,375,000) is 27.5x higher than Oregon ($50,000).

Lending trends for Machine Shops

↓ 2%loan volume YoY

↓ 6%dollar volume YoY

Total loaned ($)

Median loan size

Top lenders by historical volume

#	Lender	Approvals	Median Size	Recent	Top States
1	THE Huntington National Bank	67	$150,000	5	OH, MI, IL
2	U.s. Bank, National Association	40	$300,000	1	CA, WI, CO
3	Manufacturers AND Traders Trust Company	37	$100,000	4	NY, MD, PA
4	Newtek Bank, National Association	23	$500,000	—	PA, NY, CA
5	Wells Fargo Bank, National Association	21	$15,000	3	TX, CA, CO
6	OLD National Bank	20	$618,000	—	MN, WI, MI
7	TD Bank, National Association	19	$100,000	1	FL, NY, NH
8	Live OAK Banking Company	16	$1,500,000	—	TX, PA, UT
9	Zions Bank, A Division OF	15	$150,000	5	UT, NV, TX
10	Bayfirst National Bank	15	$150,000	1	CA, NY, NJ
11	Columbia Bank	15	$25,000	—	WA, OR
12	Jpmorgan Chase Bank, National Association	11	$250,000	—	TX, NY, CA
13	Newtek Small Business Finance, INC.	10	$500,000	—	PA, CA, NC
14	Brookline Bank, A Division OF Beacon Bank AND Trust	10	$350,000	—	NY, MA, FL
15	PNC Bank, National Association	9	$500,000	—	OH, PA, VA
16	Bank OF America, National Association	8	$680,000	—	UT, MA, CA
17	Southstate Bank, National Association	8	$420,000	2	GA, SC, TX
18	Byline Bank	8	$2,048,000	2	IL, WI, AZ
19	Webster Bank, National Association	7	$100,000	—	CT
20	Keybank, National Association	7	$304,000	—	WA, PA, OR

Recent SBA 7(a) approvals for Machine Shops

Month	Lender	Borrower	Location	Amount
2025-12	Byline Bank	SNI*****NC.	MEQUON, WI	$150,000
2025-12	Byline Bank	SNI*****NC.	MEQUON, WI	$1,500,000
2025-12	Lendistry SBLC, LLC	PRE*****NC.	Herndon, VA	$252,700
2025-11	SouthState Bank, National Association	Par*****nc.	JASPER, GA	$100,000
2025-11	SouthState Bank, National Association	Par*****nc.	JASPER, GA	$1,950,000
2025-11	Celtic Bank Corporation	Pla*****LLC	Waterbury, CT	$835,000
2025-11	WaFd Bank	Tex*****LLC	MARQUEZ, TX	$50,000
2025-11	The Huntington National Bank	DCU*****LLC	SCHAUMBURG, IL	$350,000
2025-11	Celtic Bank Corporation	Z&M*****LLC	WILLOUGHBY, OH	$100,000
2025-11	The Huntington National Bank	Goa*****LLC	ROCKFORD, IL	$20,000
2025-11	The Huntington National Bank	Goa*****LLC	ROCKFORD, IL	$45,000
2025-11	Old Plank Trail Community Bank National Association	MER*****LLC	MERRILLVILLE, IN	$150,000
2025-08	TD Bank, National Association	Ang*****LLC	KISSIMMEE, FL	$25,000
2025-08	Grasshopper Bank National Association	E. *****ANY	KNOXVILLE, TN	$300,000
2025-08	U.S. Bank, National Association	JT *****Inc	ST. LOUIS PARK, MN	$350,000
2025-08	Washington Trust Bank	Tru****LLC	SHELTON, WA	$5,000,000
2025-08	Wells Fargo Bank National Association	Mor*****LLC	LOVELAND, CO	$167,500
2025-08	Manufacturers and Traders Trust Company	Sta*****LLC	FRACKVILLE, PA	$292,500
2025-08	Wells Fargo Bank National Association	Mor*****LLC	LOVELAND, CO	$301,000
2025-08	Port 51 Lending LLC	Ind*****nc.	Hawthorne, CA	$350,000
2025-08	Zions Bank, A Division of	Fra*****LLC	BLANDING, UT	$74,000
2025-08	Zions Bank, A Division of	Fra*****LLC	BLANDING, UT	$25,000
2025-08	Community Savings Bank	Pur*****nc.	Shoreview, MN	$1,148,300
2025-08	Zions Bank, A Division of	Sis****LLC	SOMERSET, TX	$150,000
2025-08	Wells Fargo Bank National Association	KD *****CO.	BORING, OR	$608,700

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

Activity by state

CA68 OH62 WI48 TX48 NY46 IL38 MN37 FL36 MI32 WA31 PA27 CO24 UT21 AZ18 IN17 MO15 CT15 GA15 NC14 MD13 OR13 ID10 MA9 KS9 KY9 VA9 NV9 SC7 AR7 NJ6 RI6 OK6 TN6 LA5 DE4 AL4 IA4 ND4 PR4 NH3 SD3 VT3 MT2 NE2 WY2 ME2 MS1 NM1 HI1

Less active

More active

State-by-state breakdown

#	State	Approvals	Median Size	#1 Lender	Last 90 Days
1	California	68	$393,750	U.s. Bank, National Association16 approvals	6
2	Ohio	62	$150,000	THE Huntington National Bank32 approvals	4
3	Wisconsin	48	$190,000	OLD National Bank7 approvals	2
4	Texas	48	$500,000	Missingmainbankid4 approvals	3
5	New York	46	$225,000	Manufacturers AND Traders Trust Company16 approvals	2
6	Illinois	38	$366,000	THE Huntington National Bank6 approvals	5
7	Minnesota	37	$323,000	OLD National Bank8 approvals	2
8	Florida	36	$350,000	TD Bank, National Association6 approvals	2
9	Michigan	32	$287,500	THE Huntington National Bank8 approvals	—
10	Washington	31	$500,000	Columbia Bank8 approvals	1
11	Pennsylvania	27	$258,500	Newtek Bank, National Association4 approvals	1
12	Colorado	24	$365,250	U.s. Bank, National Association3 approvals	3
13	Utah	21	$350,000	Cache Valley Bank4 approvals	3
14	Arizona	18	$719,600	Midfirst Bank3 approvals	—
15	Indiana	17	$208,800	1ST Source Bank3 approvals	1
16	Missouri	15	$714,500	Oakstar Bank4 approvals	1
17	Connecticut	15	$175,000	Webster Bank, National Association6 approvals	1
18	Georgia	15	$425,000	Southstate Bank, National Association5 approvals	3
19	North Carolina	14	$448,000	Dogwood State Bank3 approvals	—
20	Maryland	13	$220,000	Manufacturers AND Traders Trust Company11 approvals	1
21	Oregon	13	$50,000	Columbia Bank6 approvals	1
22	Idaho	10	$360,550	Zions Bank, A Division OF3 approvals	1
23	Massachusetts	9	$150,000	Seacoast National Bank2 approvals	1
24	Kansas	9	$500,000	Fidelity Bank, National Association4 approvals	2
25	Kentucky	9	$100,000	Community Trust Bank, INC.4 approvals	—

SBA loans for Machine Shops by state

Machine Shops in California68 approvals Machine Shops in Ohio62 approvals Machine Shops in Wisconsin48 approvals Machine Shops in Texas48 approvals Machine Shops in New York46 approvals Machine Shops in Illinois38 approvals Machine Shops in Minnesota37 approvals Machine Shops in Florida36 approvals Machine Shops in Michigan32 approvals Machine Shops in Washington31 approvals

Similar industries

Sign Manufacturing

NAICS 339 · 464 approvals

Other Commercial and Service Industry Machinery Manufacturing

NAICS 333 · 301 approvals

Nonupholstered Wood Household Furniture Manufacturing

NAICS 337 · 244 approvals

Other Aircraft Parts and Auxiliary Equipment Manufacturing

NAICS 336 · 148 approvals

Other Electronic Component Manufacturing

NAICS 334 · 133 approvals

NAICS 335

NAICS 335 · 85 approvals

Iron and Steel Mills and Ferroalloy Manufacturing

NAICS 331 · 40 approvals

Frequently asked questions about SBA loans for Machine Shops

Who are the top SBA lenders for Machine Shops?▾

Based on historical SBA 7(a) data, the most active lenders for Machine Shops (NAICS 332) include THE Huntington National Bank, U.s. Bank, National Association, Manufacturers AND Traders Trust Company, and 17 more. THE Huntington National Bank leads with 67 approved loans.

What is the typical SBA loan size for Machine Shops?▾

The median SBA 7(a) loan amount for Machine Shops businesses is $300,000, based on 776 total approved loans in the dataset.

Which states have the most SBA lending activity for Machine Shops?▾

California leads with 68 SBA 7(a) approvals for Machine Shops, followed by Ohio (62) and Wisconsin (48).

How do I find the best SBA lender for my machine shops business?▾

Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 332. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.

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