Best SBA 7(a) lenders for iron and steel forging
NAICS 332111 — Iron and Steel Forging.
65 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $56.9M.
Loans
65
Total $
$56.9M
Avg loan
$875K
Avg rate
7.00%
Avg term
144 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 | 8 | $2.2M | $272K | 7.56% | 0.00% |
| 2 | First United Bank | 5 | $1.6M | $315K | 7.70% | 0.00% |
| 3 | First Commonwealth Bank | 4 | $4.2M | $1.1M | 5.56% | 0.00% |
| 4 | Byline Bank | 4 | $5.8M | $1.4M | 8.13% | 0.00% |
| 5 | Enterprise Bank & Trust | 3 | $2.3M | $764K | 5.25% | 0.00% |
| 6 | TransPecos Banks, SSB. | 3 | $5.3M | $1.8M | 7.25% | 0.00% |
| 7 | MidFirst Bank | 3 | $6.8M | $2.3M | 5.25% | 0.00% |
| 8 | Community Bank & Trust-West Georgia | 3 | $5.1M | $1.7M | 8.33% | 0.00% |
| 9 | First Harrison Bank | 2 | $122K | $61K | 4.38% | 0.00% |
| 10 | First Bank of the Lake | 2 | $1.8M | $885K | 7.00% | 0.00% |
| 11 | U.S. Bank, National Association | 2 | $1.8M | $909K | 6.04% | 0.00% |
| 12 | St. Mary's CU | 2 | $90K | $45K | 7.00% | 0.00% |
| 13 | Scott CU | 2 | $1.3M | $648K | 6.87% | 0.00% |
| 14 | Comerica Bank | 2 | $1.5M | $759K | 5.38% | 0.00% |
| 15 | BayFirst National Bank | 2 | $250K | $125K | 12.88% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 332111. Charge-off rates are calculated on the FY2020–FY2023 cohort only.