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 grew 38% year-over-year — from 16 to 22 approvals.
- Total SBA dollars flowing into this industry decreased by 52% year-over-year, reaching $7,151,900 in the trailing 12 months.
- THE Huntington National Bank leads this industry with 6 approvals (19% market share) and a median loan of $115,700.
- 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 decreased 62% — average median moving from $787,800 to $298,250.
Lending trends for Iron and Steel Mills and Ferroalloy Manufacturing
Top lenders by historical volume
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 6 | $115,700 | |
| 2 | 3 | $185,000 | |
| 3 | 3 | $300,000 | |
| 4 | 2 | $578,000 | |
| 5 | 2 | $772,500 | |
| 6 | 2 | $990,000 | |
| 7 | 1 | $1,920,000 | |
| 8 | 1 | $4,280,000 | |
| 9 | 1 | $200,000 | |
| 10 | 1 | $40,000 | |
| 11 | 1 | $150,000 | |
| 12 | 1 | $555,000 | |
| 13 | 1 | $680,000 | |
| 14 | 1 | $110,000 | |
| 15 | 1 | $946,000 | |
| 16 | 1 | $160,000 | |
| 17 | 1 | $1,024,000 | |
| 18 | 1 | $192,200 | |
| 19 | 1 | $731,000 | |
| 20 | 1 | $1,345,000 |
Recent SBA 7(a) approvals for Iron and Steel Mills and Ferroalloy Manufacturing
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 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 |
| 2025-03 | Manufacturers and Traders Trust Company | D &*****NC. | TOWANDA, PA | $160,000 |
| 2024-08 | Lendistry SBLC, LLC | BES*****EEL | WESTBURY, NY | $150,000 |
| 2024-08 | American National Bank-Fox Cities | Fol*****LLC | Wausau, WI | $149,500 |
| 2024-08 | American National Bank-Fox Cities | Fol*****LLC | Wausau, WI | $772,500 |
| 2024-06 | The Huntington National Bank | C&L*****LLC | MARTINS FERRY, OH | $115,700 |
| 2024-06 | Cadence Bank | JV ****ore | FULLERTON, CA | $185,000 |
| 2024-05 | Cache Valley Bank | PRO*****INC | PRESTON, ID | $500,000 |
| 2024-04 | TD Bank, National Association | ZUR*****LLC | LEWISTON, ME | $1,620,000 |
| 2024-04 | TD Bank, National Association | ZUR*****LLC | LEWISTON, ME | $300,000 |
| 2024-04 | Zions Bank, A Division of | FRA*****LLC | CONROE, TX | $110,000 |
| 2024-02 | Cadence Bank | Lib*****nc. | SAINT JOSEPH, MI | $350,000 |
| 2024-02 | Fund-Ex Solutions Group, LLC | Kes*****LLC | MILWAUKEE, WI | $555,000 |
| 2023-12 | TD Bank, National Association | Mar*****LLC | LINDEN, NJ | $150,000 |
| 2023-11 | The Huntington National Bank | SHA*****LLC | BURGHILL, OH | $14,000 |
| 2023-10 | Rockland Trust Company | Rid*****rp. | WALTHAM, MA | $990,000 |
| 2023-10 | Rockland Trust Company | Rid*****rp. | WALTHAM, MA | $250,000 |
| 2023-07 | Banner Bank | Eq****Pro | TEMECULA, CA | $200,000 |
| 2023-02 | The Huntington National Bank | KIN*****LLC | AKRON, OH | $15,200 |
| 2023-02 | Security State Bank and Trust | Tex*****LLC | Willow City, TX | $125,000 |
| 2023-02 | BayFirst National Bank | Sho*****nc. | ELK RIVER, MN | $150,000 |
| 2023-01 | First Bank of the Lake | Mag*****rez | COMPTON, CA | $731,000 |
| 2023-01 | KeyBank National Association | Hot*****LLC | Federal Way, WA | $192,200 |
| 2022-12 | Truist Bank | TPM*****LLC | Sugar Land, TX | $4,280,000 |
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
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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, Cadence Bank, TD Bank, National Association, and 17 more. THE Huntington National Bank leads with 6 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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