Best SBA 7(a) lenders for machine shops
NAICS 332710 — Machine Shops.
1,057 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $810.9M.
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.