Best SBA 7(a) lenders for machine tool manufacturing
The top SBA 7(a) lenders for machine tool manufacturing (NAICS 333517) are The Huntington National Bank, U.S. Bank, National Association, JPMorgan Chase Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 110 loans totaling $55.4M to businesses in this industry. Average loan size: $504K. Average rate: 7.99%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
110
Total $
$55.4M
Avg loan
$504K
Avg rate
7.99%
Avg term
121 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 | 19 | $6.6M | $348K | 7.32% | 0.00% |
| 2 | U.S. Bank, National Association | 8 | $4.8M | $603K | 8.65% | 0.00% |
| 3 | JPMorgan Chase Bank, National Association | 4 | $450K | $113K | 9.13% | 0.00% |
| 4 | KeyBank National Association | 3 | $2.6M | $860K | 6.92% | 0.00% |
| 5 | Wells Fargo Bank National Association | 2 | $1.5M | $728K | 9.53% | — |
| 6 | Bank of America, National Association | 2 | $2.2M | $1.1M | 5.29% | 0.00% |
| 7 | Celtic Bank Corporation | 2 | $250K | $125K | 10.75% | 0.00% |
| 8 | Central Bank | 2 | $1.8M | $904K | 10.50% | — |
| 9 | Brookline Bank, a Division of Beacon Bank and Trust | 2 | $585K | $293K | 10.00% | 0.00% |
| 10 | First Federal Savings Bank | 2 | $1.9M | $945K | 7.25% | 0.00% |
| 11 | Frandsen Bank and Trust | 2 | $973K | $487K | 7.75% | 0.00% |
| 12 | OakStar Bank | 2 | $300K | $150K | 8.50% | 0.00% |
| 13 | Live Oak Banking Company | 2 | $2.5M | $1.3M | 6.50% | 0.00% |
| 14 | Columbia Bank | 2 | $50K | $25K | 7.50% | 0.00% |
| 15 | Community National Bank & Trust of Texas | 2 | $1.4M | $724K | 7.50% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 333517. Charge-off rates are calculated on the FY2020–FY2023 cohort only.