Best SBA 7(a) lenders for iron and steel forging
The top SBA 7(a) lenders for iron and steel forging (NAICS 332111) are The Huntington National Bank, First United Bank, First Commonwealth Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 65 loans totaling $56.9M to businesses in this industry. Average loan size: $875K. Average rate: 7.00%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
65
Total $
$56.9M
Avg loan
$875K
Avg rate
7.00%
Avg term
144 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 8 | $2.2M | $272K | 7.56% | 0.00% |
| 2 | First United Bank | 5 | $1.6M | $315K | 7.70% | 0.00% |
| 3 | First Commonwealth Bank | 4 | $4.2M | $1.1M | 5.56% | 0.00% |
| 4 | Byline Bank | 4 | $5.8M | $1.4M | 8.13% | 0.00% |
| 5 | Enterprise Bank & Trust | 3 | $2.3M | $764K | 5.25% | 0.00% |
| 6 | TransPecos Banks, SSB. | 3 | $5.3M | $1.8M | 7.25% | 0.00% |
| 7 | MidFirst Bank | 3 | $6.8M | $2.3M | 5.25% | 0.00% |
| 8 | Community Bank & Trust-West Georgia | 3 | $5.1M | $1.7M | 8.33% | 0.00% |
| 9 | First Harrison Bank | 2 | $122K | $61K | 4.38% | 0.00% |
| 10 | First Bank of the Lake | 2 | $1.8M | $885K | 7.00% | 0.00% |
| 11 | U.S. Bank, National Association | 2 | $1.8M | $909K | 6.04% | 0.00% |
| 12 | St. Mary's CU | 2 | $90K | $45K | 7.00% | 0.00% |
| 13 | Scott CU | 2 | $1.3M | $648K | 6.87% | 0.00% |
| 14 | Comerica Bank | 2 | $1.5M | $759K | 5.38% | 0.00% |
| 15 | BayFirst National Bank | 2 | $250K | $125K | 12.88% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 332111. Charge-off rates are calculated on the FY2020–FY2023 cohort only.