Best SBA 7(a) lenders for cutting tool and machine tool accessory manufacturing
The top SBA 7(a) lenders for cutting tool and machine tool accessory manufacturing (NAICS 333515) are The Huntington National Bank, U.S. Bank, National Association, ChoiceOne Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 62 loans totaling $22.4M to businesses in this industry. Average loan size: $361K. Average rate: 7.87%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
62
Total $
$22.4M
Avg loan
$361K
Avg rate
7.87%
Avg term
113 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 | 12 | $1.6M | $137K | 7.50% | 0.00% |
| 2 | U.S. Bank, National Association | 5 | $2.4M | $472K | 5.24% | 0.00% |
| 3 | ChoiceOne Bank | 3 | $1.6M | $543K | 8.83% | 0.00% |
| 4 | Webster Bank National Association | 3 | $339K | $113K | 5.68% | 0.00% |
| 5 | Northeast Bank | 2 | $600K | $300K | 10.38% | — |
| 6 | Bangor Savings Bank | 2 | $316K | $158K | 4.03% | 0.00% |
| 7 | KeyBank National Association | 2 | $425K | $213K | 5.75% | 0.00% |
| 8 | Brookline Bank, a Division of Beacon Bank and Trust | 2 | $1.1M | $567K | 10.25% | 0.00% |
| 9 | BayFirst National Bank | 2 | $250K | $125K | 12.25% | — |
| 10 | Magnifi Financial CU | 2 | $254K | $127K | 5.13% | 0.00% |
| 11 | Old National Bank | 2 | $4.2M | $2.1M | 4.38% | 0.00% |
| 12 | Zions Bank, A Division of | 2 | $300K | $150K | 10.88% | — |
| 13 | WesBanco Bank, Inc. | 2 | $311K | $155K | 11.00% | — |
| 14 | Bank First, N.A. | 1 | $350K | $350K | 4.25% | 0.00% |
| 15 | Custer Federal State Bank | 1 | $30K | $30K | 8.50% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 333515. Charge-off rates are calculated on the FY2020–FY2023 cohort only.