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

SBA lending to machine shops businesses grew 43% year-over-year — from 350 to 502 approvals.
Total SBA dollars flowing into this industry increased by 60% year-over-year, reaching $436,335,800 in the trailing 12 months.
THE Huntington National Bank leads this industry with 83 approvals (18% market share) and a median loan of $150,000.
The typical loan size for machine shops has increased 32% — average median moving from $374,875 to $494,092.
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

↑ 43%loan volume YoY

↑ 60%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	83	$150,000	5	OH, MI, IL
2	U.s. Bank, National Association	51	$264,000	3	CA, IL, WI
3	Manufacturers AND Traders Trust Company	40	$100,000	4	NY, MD, PA
4	Newtek Bank, National Association	27	$500,000	1	PA, NY, CA
5	Live OAK Banking Company	26	$1,175,000	3	CA, TX, PA
6	TD Bank, National Association	25	$75,000	2	FL, NH, NJ
7	OLD National Bank	23	$618,000	—	WI, MN, MI
8	Wells Fargo Bank, National Association	22	$15,000	3	TX, CA, CO
9	Bayfirst National Bank	20	$150,000	1	CA, NY, TX
10	Zions Bank, A Division OF	19	$150,000	7	UT, TX, NV
11	Columbia Bank	17	$25,000	—	WA, OR, ID
12	Jpmorgan Chase Bank, National Association	15	$250,000	—	CA, TX, NY
13	PNC Bank, National Association	12	$500,000	—	OH, PA, TX
14	Northeast Bank	11	$138,300	3	FL, CA, WI
15	Newtek Small Business Finance, INC.	11	$441,000	—	PA, CA, NC
16	Brookline Bank, A Division OF Beacon Bank AND Trust	11	$350,000	—	NY, MA, FL
17	Bank OF America, National Association	10	$500,000	—	UT, CA, WA
18	Southstate Bank, National Association	10	$513,100	2	GA, SC, TX
19	Keybank, National Association	9	$286,500	—	WA, OR, OH
20	Readycap Lending, LLC	9	$50,000	1	CA, NC, FL

Recent SBA 7(a) approvals for Machine Shops

Month	Lender	Borrower	Location	Amount
2025-12	First Internet Bank of Indiana	Smi*****LLC	WYLIE, TX	$400,000
2025-12	First Internet Bank of Indiana	Smi*****LLC	WYLIE, TX	$3,941,000
2025-12	Newtown Savings Bank	Gri*****LLC	Waterbury, CT	$1,500,000
2025-12	Cadence Bank	All*****nc.	MISHAWAKA, IN	$325,000
2025-12	Genesee Regional Bank	Cre*****Inc	ROCHESTER, NY	$250,000
2025-12	Royal Banks of Missouri	Mer*****LLC	House Springs, MO	$150,000
2025-12	Zions Bank, A Division of	KWX*****LLC	ROLL, AZ	$39,200
2025-12	Royal Banks of Missouri	Mer*****LLC	House Springs, MO	$2,184,700
2025-12	Northeast Bank	Arm*****LLC	Orlando, FL	$200,000
2025-12	Sound Credit Union	Dun*****LLC	MUKILTEO, WA	$37,000
2025-12	WaFd Bank	A2 *****LLC	MILWAUKIE, OR	$335,000
2025-12	T Bank, National Association	AIR*****LLC	PLANO, TX	$1,286,800
2025-12	WaFd Bank	A2 *****LLC	Milwaukie, OR	$350,000
2025-12	Byline Bank	SNI*****NC.	MEQUON, WI	$1,500,000
2025-12	Byline Bank	SNI*****NC.	MEQUON, WI	$150,000
2025-12	Lendistry SBLC, LLC	PRE*****NC.	Herndon, VA	$252,700
2025-12	T Bank, National Association	AIR*****LLC	PLANO, TX	$1,286,800
2025-12	City National Bank	YH ***** CO	OAKLAND, CA	$944,200
2025-12	U.S. Bank, National Association	MET*****LLC	MOUNT AIRY, NC	$40,000
2025-12	The Huntington National Bank	Mit*****LLC	HEMLOCK, MI	$85,800
2025-12	Old Plank Trail Community Bank National Association	Mer*****LLC	Merrillville, IN	$1,141,700
2025-12	Byline Bank	CRU*****NC.	MENASHA, WI	$200,000
2025-12	Northeast Bank	BOS*****LLC	Amesbury, MA	$293,300
2025-12	Newtek Bank, National Association	MET*****NC.	DOVER, NJ	$250,000
2025-12	Newtek Bank, National Association	Man*****ing	Miami Gardens, FL	$50,000

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 83 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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