Manufacturing
SBA Lenders for Manufacturing
Top lenders ranked by real SBA lending data for manufacturing nationwide.
What Borrowers Should Know
Manufacturing borrowers are getting better pricing than the national average. The median spread for manufacturing SBA loans is P+2.30%, compared to the national median of P+2.75%—a savings of 45 basis points. This suggests lenders view manufacturing as a lower-risk sector, likely because of tangible assets and established business models. If you're in manufacturing, you have leverage to negotiate rates.
Arizona dominates manufacturing SBA lending with 1,642 deals—nearly twice California's 879 deals despite California's larger economy. This concentration suggests Arizona has either stronger manufacturing growth, more aggressive SBA lender presence, or both. If you're expanding or starting in manufacturing, Arizona's lending infrastructure and deal flow may offer faster approvals and more competitive terms than other states.
The average manufacturing SBA deal is $561,164, but with 3,593 total deals across 392 lenders, competition is fragmented. U.S. Bank leads with only 490 deals—about 14% of the market. This fragmentation is good for borrowers: you have real alternatives if one lender declines. However, it also means less standardized underwriting, so prepare detailed documentation to show the same story clearly to multiple lenders.
Total SBA Loans
90,661
Active Lenders
2,905
Avg Deal Size
$681K
Total Volume
$61.7B
Manufacturing SBA loans average $681K in deal size across 90,661 total loans. The median 7(a) spread in this segment is P + 2.20%.
Top Lenders for Manufacturing
Ranked by total deal count nationwide.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | Bank | 4,603 | $402K | P + 2.16%GOOD | |
| 2 | Wells Fargo Bank National Association | Bank | 3,969 | $533K | P + 2.63%AVERAGE | |
| 3 | JPMorgan Chase Bank, National Association | Bank | 3,218 | $426K | P + 2.08%GOOD | |
| 4 | U.S. Bank, National Association | Bank | 2,650 | $559K | P + 1.94%GOOD | |
| 5 | Manufacturers and Traders Trust Company | Bank | 1,809 | $253K | P + 1.85%GOOD | |
| 6 | TD Bank, National Association | Bank | 1,598 | $332K | P + 2.12%GOOD | |
| 7 | KeyBank National Association | Bank | 1,321 | $606K | P + 2.19%GOOD | |
| 8 | Zions Bank, A Division of | Bank | 1,291 | $466K | P + 2.09%GOOD | |
| 9 | PNC Bank, National Association | Bank | 1,272 | $298K | P + 1.95%GOOD | |
| 10 | Columbia Bank | Bank | 939 | $566K | P + 2.93%ABOVE AVG | |
| 11 | Bank of America, National Association | Bank | 910 | $940K | P + 0.80%COMPETITIVE | |
| 12 | Newtek Bank, National Association | Bank | 791 | $694K | P + 3.15%ABOVE AVG | |
| 13 | BayFirst National Bank | Bank | 780 | $251K | P + 3.32%ABOVE AVG | |
| 14 | Northeast Bank | Bank | 774 | $202K | P + 2.84%ABOVE AVG | |
| 15 | Truist Bank | Bank | 770 | $762K | P + 2.20%GOOD |
Top States for Manufacturing
Where manufacturing SBA lending is most active.