Best SBA 7(a) lenders for iron and steel pipe and tube manufacturing from purchased steel
The top SBA 7(a) lenders for iron and steel pipe and tube manufacturing from purchased steel (NAICS 331210) are The Huntington National Bank, MISSINGMAINBANKID, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 83 loans totaling $67.6M to businesses in this industry. Average loan size: $815K. Average rate: 8.15%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 16 | $8.3M | $521K | 8.39% | 0.00% |
| 2 | MISSINGMAINBANKID | 7 | $4.6M | $662K | 6.96% | 0.00% |
| 3 | Wells Fargo Bank National Association | 5 | $80K | $16K | 11.25% | 0.00% |
| 4 | U.S. Bank, National Association | 5 | $3.3M | $667K | 7.56% | 0.00% |
| 5 | CIBC Bank USA | 4 | $1.3M | $336K | 5.50% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 3 | $10.2M | $3.4M | 6.33% | 0.00% |
| 7 | First Bank | 3 | $3.5M | $1.2M | 6.33% | 0.00% |
| 8 | Newtek Small Business Finance, Inc. | 2 | $5.1M | $2.6M | 7.50% | 0.00% |
| 9 | Northeast Bank | 2 | $636K | $318K | 12.00% | — |
| 10 | Cache Valley Bank | 2 | $850K | $425K | 7.88% | 0.00% |
| 11 | American National Bank-Fox Cities | 2 | $922K | $461K | 8.50% | — |
| 12 | Leader Bank, National Association | 2 | $4.7M | $2.4M | 9.25% | — |
| 13 | Live Oak Banking Company | 2 | $1.9M | $972K | 10.63% | — |
| 14 | First Financial Bank | 2 | $2.4M | $1.2M | 8.47% | 0.00% |
| 15 | First Savings Bank | 2 | $1.5M | $748K | 6.75% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 331210. Charge-off rates are calculated on the FY2020–FY2023 cohort only.