SBA loans by business type
SBA Loans for Machine Shops
SBA lenders funded 4,180 7(a) and 504 loans for machine shops since FY2010 (0.4% of all SBA lending in the data), totaling $2.5B, an average of $610K per loan. The most active lender is U.S. Bank, National Association.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
These figures are computed from the SBA's public 7(a) and 504 funded-loan records for Machine Shops (NAICS 332710). They cover funded loans, not applications, so a lender's activity here is a track-record signal — not a guarantee you will be approved. Of these, 18% are 504 loans (owner-occupied real estate and long-term equipment), which is why average loan sizes here run large. Among the 7(a) loans, the charge-off rate is 2.8% — a relative track-record signal, not a lifetime default rate (504 charge-offs are not reported in the SBA data); see our methodology. Estimate a payment with the SBA loan calculator, or check the basics with the eligibility checker.
Top SBA lenders in Manufacturing, the sector that includes machine shops
Ranked by SBA loans funded across Manufacturing (NAICS 31-33), the full sector that contains Machine Shops (NAICS 332710). The sector is broader than machine shops alone, and sector level is the granularity our per-lender track-record data supports, so every figure below, including the 7(a) charge-off rate, is sector-wide, not specific to machine shops. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in the sector shows “not reported,” never 0%. A lender active in your situation is a good place to start; talk to a few before you apply.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 4,890 | $2.0B | $404K | 3.15% |
| 2 | Wells Fargo Bank National Association | 3,645 | $1.7B | $465K | 4.12% |
| 3 | JPMorgan Chase Bank, National Association | 2,622 | $766.8M | $292K | 4.31% |
| 4 | U.S. Bank, National Association | 2,563 | $1.3B | $523K | 2.81% |
| 5 | Manufacturers and Traders Trust Company | 1,752 | $376.3M | $215K | 3.71% |
| 6 | TD Bank, National Association | 1,548 | $413.2M | $267K | 6.85% |
| 7 | KeyBank National Association | 1,230 | $694.7M | $565K | 2.03% |
| 8 | PNC Bank, National Association | 1,169 | $292.3M | $250K | 7.53% |
| 9 | Zions Bank, A Division of | 1,024 | $308.4M | $301K | 3.71% |
| 10 | Columbia Bank | 873 | $441.9M | $506K | 4.24% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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Top states for machine shops SBA loans
| State | Loans | Total volume |
|---|---|---|
| California | 591 | $442.6M |
| Texas | 224 | $194.7M |
| Wisconsin | 317 | $187.2M |
| Minnesota | 298 | $179.9M |
| Ohio | 325 | $142.7M |
| Michigan | 269 | $129.6M |
| Illinois | 185 | $121.5M |
| Washington | 116 | $92.1M |
| Pennsylvania | 154 | $91.4M |
| Indiana | 125 | $81.8M |
SBA lending for machine shops by year
Funded SBA volume by approval fiscal year (FY2010–2026).
SBA loans for machine shops: frequently asked questions
Can you get an SBA loan for machine shops?
Yes. Lenders funded 4,180 SBA 7(a) and 504 loans for machine shops in the public data (as of 2026-03-31), 0.4% of all SBA lending, totaling $2.5B.
How much is a typical SBA loan for machine shops?
The average SBA loan for machine shops is $610K, across 4,180 funded loans. Your amount depends on use of funds, cash flow, and the lender.
Which SBA lenders fund machine shops?
U.S. Bank, National Association, The Huntington National Bank, Wells Fargo Bank National Association are among the most active SBA lenders for machine shops by funded volume. A lender that regularly funds your situation is more likely to understand the deal.