Manufacturing

164,246 SBA loans totaling $74.3B.

Total Loans
164,246
1991–2025
Total Volume
$74.3B
Gross approval amount
Avg Loan Size
$453K
Median: $191K
Default Rate
11.3%
Avg rate: 6.94%

Loan Status

Active15.5%
Paid in Full61.2%
Charged Off9.8%
Cancelled12.3%
Committed0.8%

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Manufacturing — Annual Lending Volume

Top States

Loan Size Distribution

Top Lenders for Manufacturing

LenderLoansVolumeAvg RateDefault Rate
Wells Fargo Bank National Association8,294$3.0B7.35%11.8%
The Huntington National Bank5,876$2.1B6.84%6.0%
U.S. Bank, National Association5,284$2.1B7.03%10.4%
JPMorgan Chase Bank, National Association6,150$1.3B7.14%16.5%
Live Oak Banking Company699$1.0B7.31%1.4%
KeyBank National Association2,449$966.4M6.60%6.1%
Readycap Lending, LLC1,692$965.5M11.27%23.1%
Byline Bank733$909.2M6.94%9.1%
PNC Bank, National Association3,848$880.7M7.44%15.3%
Bank of America, National Association7,073$845.7M6.77%24.0%
Newtek Small Business Finance, Inc.771$778.9M7.07%10.6%
Columbia Bank1,905$768.3M7.07%11.4%
BMO Bank National Association1,507$734.3M5.71%9.6%
Truist Bank1,589$704.1M6.12%11.1%
Manufacturers and Traders Trust Company3,256$693.8M7.44%8.2%
Zions Bank, A Division of2,837$689.1M7.44%14.7%
Northeast Bank1,600$682.6M9.95%15.7%
TD Bank, National Association2,411$641.6M8.56%9.1%
Old National Bank952$626.5M6.09%8.3%
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION635$615.5MN/A1.3%
Comerica Bank902$614.7M5.87%15.8%
BANK OF AMERICA, NATIONAL ASSOCIATION496$609.3MN/A0.8%
Newtek Bank, National Association788$528.1M11.38%0.0%
Enterprise Bank & Trust467$474.0M5.85%2.3%
Fifth Third Bank1,051$460.7M5.94%8.5%

Sub-Industries within Manufacturing

Sub-IndustryLoansVolumeAvg SizeDefault Rate
Machine Shops7,067$3.4B$478K7.2%
All Other Miscellaneous Fabricated Metal Product Manufacturing3,924$2.4B$605K7.8%
Breweries4,518$2.4B$522K3.5%
All Other Miscellaneous Manufacturing4,530$2.2B$479K12.8%
Commercial Gravure Printing3,309$1.9B$578K3.9%
All Other Plastics Product Manufacturing2,800$1.9B$667K8.9%
Wood Kitchen Cabinet and Countertop Manufacturing3,798$1.3B$337K14.1%
Commercial Lithographic Printing2,945$1.2B$416K20.5%
Retail Bakeries4,223$1.2B$287K11.8%
Sign Manufacturing3,543$1.2B$333K13.6%
Fabricated Structural Metal Manufacturing2,297$1.2B$505K9.3%
Commercial Bakeries2,939$1.1B$385K14.0%
All Other Miscellaneous Food Manufacturing1,488$940.4M$632K11.7%
Sheet Metal Work Manufacturing1,536$879.7M$573K9.5%
Wineries1,529$805.2M$527K5.0%
Commercial Screen Printing2,816$779.5M$277K12.7%
Cut Stone and Stone Product Manufacturing1,736$764.2M$440K13.7%
All Other Miscellaneous Wood Product Manufacturing1,642$734.0M$447K13.1%
Other Commercial Printing2,061$633.8M$308K18.7%
Precision Turned Product Manufacturing1,145$630.9M$551K7.5%
Electroplating, Plating, Polishing, Anodizing, and Coloring1,420$624.2M$440K11.8%
Wood Container and Pallet Manufacturing1,371$620.0M$452K11.8%
All Other Miscellaneous Electrical Equipment and Component Manufacturi978$573.5M$586K8.3%
Sporting and Athletic Goods Manufacturing1,852$560.6M$303K12.9%
Metal Coating, Engraving (except Jewelry and Silverware), and Allied S1,161$540.1M$465K6.4%
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