Best SBA 7(a) lenders for cutting tool and machine tool accessory manufacturing
NAICS 333515 — Cutting Tool and Machine Tool Accessory Manufacturing.
62 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $22.4M.
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.