SBA Loans for Iron and Steel Mills and Ferroalloy Manufacturing: Top Lenders & Recent Approvals
NAICS 331NAICS 331 covers iron and steel mills and ferroalloy manufacturing businesses. Based on historical SBA 7(a) lending data.
Total Approvals
40
for Iron and Steel Mills and Ferroalloy Manufacturing
Median Loan Size
$325,000
per approval
Recent Activity
2
last 90 days through Aug 2025
NAICS 331 covers iron and steel mills and ferroalloy manufacturing businesses. This is a smaller category in SBA 7(a) lending with 40 approvals on record and a median loan size of $325,000.
Key trends & insights
- SBA lending to iron and steel mills and ferroalloy manufacturing businesses declined 22% year-over-year — from 41 to 32 approvals.
- THE Huntington National Bank leads this industry with 34 approvals (31% market share) and a median loan of $200,000.
- Iron and Steel Mills and Ferroalloy Manufacturing SBA lending clusters in California (20%), Ohio (15%), Wisconsin (10%) — these three states represent 45% of all activity nationwide.
- The typical loan size for iron and steel mills and ferroalloy manufacturing has increased 64% — average median moving from $749,725 to $1,227,092.
Lending trends for Iron and Steel Mills and Ferroalloy Manufacturing
Top lenders by historical volume
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 34 | $200,000 | |
| 2 | 10 | $220,700 | |
| 3 | 7 | $578,000 | |
| 4 | 6 | $1,500,000 | |
| 5 | 6 | $350,000 | |
| 6 | 5 | $150,000 | |
| 7 | 4 | $350,000 | |
| 8 | 4 | $300,000 | |
| 9 | 4 | $160,000 | |
| 10 | 4 | $250,000 | |
| 11 | 4 | $344,300 | |
| 12 | 3 | $731,000 | |
| 13 | 3 | $20,000 | |
| 14 | 3 | $1,198,000 | |
| 15 | 3 | $170,000 | |
| 16 | 3 | $1,705,000 | |
| 17 | 2 | $772,500 | |
| 18 | 2 | $1,345,000 | |
| 19 | 2 | $990,000 | |
| 20 | 2 | $250,000 |
Recent SBA 7(a) approvals for Iron and Steel Mills and Ferroalloy Manufacturing
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | U.S. Bank, National Association | RUS*****LLC | CORALVILLE, IA | $1,321,300 |
| 2025-12 | Newtek Bank, National Association | Nam*****orp | SEATTLE, WA | $350,000 |
| 2025-11 | Town Bank, National Association | Wis*****nc. | RICHFIELD, WI | $2,800,000 |
| 2025-11 | WaFd Bank | Las*****LLC | NOGALES, AZ | $30,000 |
| 2025-11 | Heritage Bank Inc | Fro*****dry | SACRAMENTO, CA | $150,000 |
| 2025-09 | Newtek Bank, National Association | Com*****.P. | MCALLEN, TX | $2,300,000 |
| 2025-08 | Leader Bank, National Association | H &*****LLC | BROOKLYN, CT | $500,000 |
| 2025-08 | Wells Fargo Bank National Association | IND*****LLC | PUEBLO, CO | $25,000 |
| 2025-08 | U.S. Bank, National Association | EBE*****EEL | PHELAN, CA | $40,000 |
| 2025-08 | PNC Bank, National Association | ACC*****NC. | WEST CHESTER, OH | $250,000 |
| 2025-08 | Northeast Bank | PAR*****LLC | CHESTER, NY | $336,100 |
| 2025-07 | The Huntington National Bank | CTS*****LLC | BLOOMINGDALE, MI | $100,000 |
| 2025-07 | U.S. Bank, National Association | ADA*****nc. | Coon Rapids, MN | $173,200 |
| 2025-07 | U.S. Bank, National Association | ADA*****nc. | MINNEAPOLIS, MN | $50,000 |
| 2025-06 | U.S. Bank, National Association | Rin*****LLC | West Valley City, UT | $1,586,000 |
| 2025-05 | The Huntington National Bank | Che*****LLC | CASHMERE, WA | $200,000 |
| 2025-05 | The Huntington National Bank | Che*****LLC | CASHMERE, WA | $1,635,800 |
| 2025-05 | The Huntington National Bank | LOC*****INC | SAN JOSE, CA | $100,000 |
| 2025-05 | The Huntington National Bank | LOC*****INC | SAN JOSE, CA | $2,728,000 |
| 2025-04 | Live Oak Banking Company | Fer*****nc. | ELKHART, IN | $5,000,000 |
| 2025-03 | Manufacturers and Traders Trust Company | D &*****NC. | TOWANDA, PA | $160,000 |
| 2025-03 | Central Bank | Del*****nc. | PAYSON, UT | $100,000 |
| 2025-02 | Readycap Lending, LLC | BOL*****INC | CASCADE, IA | $200,000 |
| 2025-02 | PlainsCapital Bank | Tex*****LLC | San Antonio, TX | $750,000 |
| 2025-01 | CDC Small Business Finance Corp. | KB *****cts | Anaheim, CA | $350,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
State-by-state breakdown
| # | State | Approvals |
|---|---|---|
| 1 | California | 8 |
| 2 | Ohio | 6 |
| 3 | Wisconsin | 4 |
| 4 | Texas | 4 |
| 5 | Utah | 2 |
| 6 | Maine | 2 |
| 7 | Massachusetts | 2 |
| 8 | New Jersey | 1 |
| 9 | New York | 1 |
| 10 | Pennsylvania | 1 |
| 11 | Washington | 1 |
| 12 | Alabama | 1 |
| 13 | West Virginia | 1 |
| 14 | Colorado | 1 |
| 15 | Idaho | 1 |
| 16 | Indiana | 1 |
| 17 | Michigan | 1 |
| 18 | Missouri | 1 |
| 19 | Nebraska | 1 |
SBA loans for Iron and Steel Mills and Ferroalloy Manufacturing by state
Similar industries
Machine Shops
NAICS 332 · 776 approvals
Sign Manufacturing
NAICS 339 · 464 approvals
Other Commercial and Service Industry Machinery Manufacturing
NAICS 333 · 301 approvals
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NAICS 337 · 244 approvals
Other Aircraft Parts and Auxiliary Equipment Manufacturing
NAICS 336 · 148 approvals
Other Electronic Component Manufacturing
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NAICS 335
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Frequently asked questions about SBA loans for Iron and Steel Mills and Ferroalloy Manufacturing
Who are the top SBA lenders for Iron and Steel Mills and Ferroalloy Manufacturing?▾
Based on historical SBA 7(a) data, the most active lenders for Iron and Steel Mills and Ferroalloy Manufacturing (NAICS 331) include THE Huntington National Bank, U.s. Bank, National Association, Missingmainbankid, and 17 more. THE Huntington National Bank leads with 34 approved loans.
What is the typical SBA loan size for Iron and Steel Mills and Ferroalloy Manufacturing?▾
The median SBA 7(a) loan amount for Iron and Steel Mills and Ferroalloy Manufacturing businesses is $325,000, based on 40 total approved loans in the dataset.
Which states have the most SBA lending activity for Iron and Steel Mills and Ferroalloy Manufacturing?▾
California leads with 8 SBA 7(a) approvals for Iron and Steel Mills and Ferroalloy Manufacturing, followed by Ohio (6) and Wisconsin (4).
How do I find the best SBA lender for my iron and steel mills and ferroalloy manufacturing business?▾
Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 331. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.
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