Best SBA 7(a) lenders for machine shops
The top SBA 7(a) lenders for machine shops (NAICS 332710) are The Huntington National Bank, U.S. Bank, National Association, Byline Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 1,057 loans totaling $810.9M to businesses in this industry. Average loan size: $767K. Average rate: 7.66%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.02%.
Loans
1,057
Total $
$810.9M
Avg loan
$767K
Avg rate
7.66%
Avg term
141 mo
Industry chg-off rate
1.02%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 116 | $47.2M | $407K | 7.80% | 0.00% |
| 2 | U.S. Bank, National Association | 64 | $44.6M | $697K | 7.23% | 0.00% |
| 3 | Byline Bank | 24 | $39.8M | $1.7M | 6.85% | 0.00% |
| 4 | BayFirst National Bank | 20 | $2.7M | $136K | 11.78% | 0.00% |
| 5 | TD Bank, National Association | 19 | $4.5M | $235K | 10.34% | 0.00% |
| 6 | Live Oak Banking Company | 16 | $33.8M | $2.1M | 8.41% | 0.00% |
| 7 | PNC Bank, National Association | 15 | $9.9M | $661K | 8.08% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 15 | $1.7M | $116K | 9.52% | 0.00% |
| 9 | JPMorgan Chase Bank, National Association | 15 | $7.9M | $527K | 8.45% | 0.00% |
| 10 | Newtek Bank, National Association | 15 | $6.3M | $417K | 11.57% | 0.00% |
| 11 | Bank of America, National Association | 14 | $9.3M | $667K | 4.68% | 0.00% |
| 12 | KeyBank National Association | 13 | $14.5M | $1.1M | 7.43% | 0.00% |
| 13 | BankVista | 13 | $11.0M | $846K | 6.25% | 0.00% |
| 14 | Zions Bank, A Division of | 12 | $9.4M | $787K | 6.72% | 0.00% |
| 15 | Wells Fargo Bank National Association | 12 | $4.9M | $406K | 9.26% | 20.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 332710. Charge-off rates are calculated on the FY2020–FY2023 cohort only.