# SBA loans for screw machine and turned-parts shops

**Short answer:** SBA approved 45 loans to screw machine and turned-parts shops since October 2023, with a median of $225,000. Borrowers paid a median of Prime plus 2 percentage points at approval, against Prime plus 2.75 percentage points for all SBA 7(a) loans. Source: SBA 7(a) loan file, June 30, 2026.

Canonical page: https://www.sbaexpress.loans/industries/precision-turned-product-manufacturing/
Data as of: 2026-06-30

These figures come from SBA's public loan file for the 7(a) program, which includes SBA Express. They cover NAICS 332721, Precision Turned Product Manufacturing. The loans were approved from October 1, 2023 to June 30, 2026. The file lists approvals only, so it shows what lenders funded, not who applied or who was turned down.

## What lenders check

Each lender sets its own checklist. SBA sets the basic eligibility tests.

A lender reviewing a loan to screw machine and turned-parts shops looks at the business's numbers and these items for the trade:

- Blanket purchase orders and release schedules from OEM customers, and how much volume comes from one account
- Age and condition of Swiss-type lathes and multi-spindle automatics, and how much machine time is already booked
- Bar stock price pass-through for brass, stainless and aluminum, and scrap rates on tight-tolerance parts

What SBA sets and what the lender sets

Under SOP 50 10 8.1, SBA sets no minimum credit score; the lender applies its own credit standards. To qualify, a business must be an operating, for-profit business located in the United States that is small under SBA size standards and can show a need for the credit. Source: SOP 50 10 8.1: Sec. B, Ch. 2, Para. C.2; SBA Procedural Notice 5000-876777; 13 CFR § 120.100.

## Common uses of the money

Businesses like these use SBA loans for:

- Swiss-type lathes with bar feeders for small, complex parts
- Equipment for deburring, washing and inspecting turned parts
- Bar stock purchases to hold price for a long production run

## The cash cycle

Bar stock is bought in bulk to hold its price, then parts ship against customer releases over months. Some customers ask the shop to carry finished parts as stock, which leaves cash sitting in the parts until they call for them.

## Collateral

Typical collateral is the Swiss-type and multi-spindle machines, bar stock and finished-parts inventory, and the building when owned.

SBA collateral and guarantee rules

On an SBA Express loan of $50,000 or less, collateral is not required. Above that, the lender may use its own collateral policies for similar non-SBA loans. Under SOP 50 10 8.1, a loan request must not be declined solely because collateral is inadequate.

Every owner of 20% or more of the business must give an unlimited personal guarantee. Source: SOP 50 10 8.1: App. 19, Para. B.3; App. 19, Para. A (p. 404); Sec. A, Ch. 5, Para. A.1 (p. 93); 13 CFR § 120.160(a).

## How much they borrow

Half of these loans were between $140,000 and $937,000.

Share of 45 loans by size, Oct 2023 to Jun 2026

- $50,000 or less: Fewer than 5
- $50,001 to $150,000: 27%
- $150,001 to $350,000: 29%
- $350,001 to $500,000: 11%
- $500,001 to $1,000,000: Fewer than 5
- $1,000,001 to $2,000,000: Fewer than 5
- Over $2,000,000: 13%

Bars show each band's share of the loans. Fewer than 5 marks a band whose count we do not publish.

The median loan was $225,000, larger than the $150,300 median for all SBA 7(a) loans. Half of the loans fell between $140,000 and $937,000. The most common size band was $150,001 to $350,000.

By business age, 44% had operated for more than 2 years. 20% were startups opening with the loan, and 24% paid for a change of ownership.

## What they paid

The median loan priced at Prime plus 2 percentage points, 0.75 points below the median for all SBA 7(a) loans (Prime plus 2.75 percentage points).

9.50%: Median rate at approval

Prime + 2: Median spread over Prime

Prime + 2.75: All industries, median spread

The median rate at approval was 9.50% on loans approved October 1, 2023 to June 30, 2026. Rates in SBA's file are the initial rates when the loans were approved. On a variable-rate loan the rate then moves with Prime, so these are not today's rates.

SBA's maximum rate today

SBA caps a variable rate by loan size. For a loan of $50,001 to $250,000, the cap is Prime plus 6.0 percentage points. The typical loan here, $225,000, is in that range. With Prime at 7.00% as of Nov 10, 2026, the maximum is 13.00% today. Source: SOP 50 10 8.1: App. 18, Para. A.2 (p. 395); 13 CFR § 120.214(d)(2).

## How the money comes

40% of the loans went through SBA Express and 33% were lines of credit. The median term was 10 years.

40.0%: Through SBA Express

33.3%: Lines of credit

10 years: Median term

Across all industries, 36% of loans went through SBA Express and 28% were lines of credit. Express counts here include Export Express.

SBA Express in brief

An SBA Express loan can be as large as $500,000, and SBA guarantees 50% of it. On an Express loan, the lender makes the credit decision without prior SBA review. SBA's procedures also say only a lender with SBA Express authority can make one. An SBA Express line of credit can run 10 years, including any term-out period. Source: SOP 50 10 8.1: Sec. B, Ch. 2, Para. B.1 (p. 126); App. 16, Para. B.2; Sec. B, Ch. 2, Para. C.2; Sec. B, Ch. 2 (p. 125); App. 17, Para. B.3.

The median term was 10 years (120 months). For working capital, SBA's maximum term is 10 years. For equipment, it is 10 years, or up to 15 years if the IRS asset class useful life supports it. Source: SOP 50 10 8.1: App. 17, Para. A.1 (p. 390); App. 17, Para. A.2 (p. 390).

Fee waiver for manufacturers

For loans approved October 1, 2026 through September 30, 2027, the upfront guaranty fee is 0% for loans of $700,000 or less to manufacturers (NAICS 31-33), listed food supply chain businesses and businesses in rural areas. Source: SBA Information Notice 5000-881797, p. 1 (Sept. 3, 2026).

## Who lends

Only The Huntington National Bank made 5 or more of these loans from October 2019 to June 2026: 16 of 111 (14%).

**Largest lenders by loans, Oct 2019 to Jun 2026**

| Lender | Type | Loans | Share of loans |
| --- | --- | --- | --- |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/) | Bank | 16 | 14.4% |

Lenders are ranked by loans and listed only when they made 5 or more. Janover Capital LLC does not represent these lenders, and a lender's past loans do not describe its current credit policy.

See every lender on the [SBA Express lenders](https://www.sbaexpress.loans/sba-express-lenders/) page.

## Where the loans are

California had the most loans from October 2019 to June 2026, 13 of 111 (12%).

**Top states by loans, Oct 2019 to Jun 2026**

| State | Loans | Share of loans |
| --- | --- | --- |
| [California](https://www.sbaexpress.loans/california-small-business-loans/) | 13 | 11.7% |
| [Ohio](https://www.sbaexpress.loans/ohio-small-business-loans/) | 11 | 9.9% |
| [Illinois](https://www.sbaexpress.loans/illinois-small-business-loans/) | 9 | 8.1% |
| [Michigan](https://www.sbaexpress.loans/michigan-small-business-loans/) | 9 | 8.1% |
| [Minnesota](https://www.sbaexpress.loans/minnesota-small-business-loans/) | 8 | 7.2% |

Location is the state of the business, not of the lender.

Compare every state on [SBA loans by state](https://www.sbaexpress.loans/sba-loans-by-state/).

## How often these loans went bad

0% of 51 seasoned loans were charged off, below the 3.6% rate for all SBA 7(a) loans.

51: Seasoned loans

0.0%: Charged off, by loans

0.0%: Charged off, by dollars

3.6%: All industries, by loans

None of the 51 loans approved October 1, 2019 to September 30, 2022 were charged off by June 30, 2026. By dollars, 0% of the approved amount was charged off.

How we measure this

A seasoned loan is one approved October 1, 2019 to September 30, 2022. Newer loans have not had time to go bad, so they are left out. Charged off means the lender wrote the loan off as a loss, shown as status CHGOFF in SBA's file on June 30, 2026. The rate is charged-off loans divided by seasoned loans. This describes what happened to approved loans. It says nothing about whether an application will be approved.

## SBA size standard

NAICS 332721 has its own size standard.

For NAICS 332721, SBA's size standard is 500 employees. A business at or under the standard is small for SBA's purposes. To qualify, a business must fit the size standard for the applicant's primary industry in 13 CFR 121.201, measured in annual receipts or employees. SBA measures size on the date the application is accepted for SBA processing, or for delegated loans the date the lender approves the loan.

A business over the standard can still qualify under the alternative standard: tangible net worth of $20 million or less and average net income after federal income taxes of $6.5 million or less over the prior two fiscal years. Source: SOP 50 10 8.1: Sec. A, Ch. 1, Para. D.1 (p. 14); Sec. A, Ch. 1, Para. D.2 (p. 14); 13 CFR § 121.301(b)(2).

Check the code before you rely on it

SBA proposed new size standards for 338 industry groups and industries on August 20, 2026; the change is proposed only. Source: 91 FR 53741 (Aug. 20, 2026).

## A payment example

**Payment on a typical loan**

| Item | Example |
| --- | --- |
| Loan amount | $225,000, the median |
| Term | 10 years (120 months), the median |
| Rate | 9.50%, the median at approval |
| Monthly payment | $2,911 |
| Total interest over the term | $124,373 |

The example uses the median loan and the median term. The rate is the median at approval for these businesses. It covers principal and interest only, and it assumes the loan runs the full term. It leaves out fees, including the SBA guaranty fee.

On a variable-rate loan, a 1 percentage point move in Prime changes this payment by about $125 a month. Prime is 7.00% as of Nov 10, 2026. For a payment at today's rate, use the [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Industry is the NAICS code recorded on each loan. This page covers NAICS 332721, Precision Turned Product Manufacturing. Express share counts SBA Express and Export Express loans. Lines of credit are loans the file marks as revolving. The median rate is the initial rate on loans with a rate on file. The spread is that rate minus Prime on the approval date, for variable-rate loans only. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) loan file, June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SOP 50 10 8.1: App. 19, Para. A (p. 404); Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127); App. 19, Para. B.3 (Para. B begins p. 408); App. 16, Para. B.2 (Para. B begins p. 388); Sec. B, Ch. 2 (p. 125); App. 17, Para. B.3 (Para. B begins p. 391); Sec. B, Ch. 2, Para. B.1 (p. 126); Sec. A, Ch. 5, Para. A.1 (p. 93); Sec. A, Ch. 1, Para. D.1 (p. 14); Sec. A, Ch. 1, Para. D.2 (p. 14); App. 17, Para. A.2 (p. 390); App. 17, Para. A.1 (p. 390); SBA Procedural Notice 5000-876777; 13 CFR § 120.160(a); 13 CFR § 121.301](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.100](https://www.ecfr.gov/current/title-13/section-120.100)
- [SBA Information Notice 5000-881797, p. 1 (Sept. 3, 2026)](https://legacy.sba.gov/document/information-notice-5000-881797-fy-2027-7a-program-fees)
- [SOP 50 10 8.1: App. 18, Para. A.2 (p. 395); 13 CFR § 120.214(d)(2)](https://www.ecfr.gov/current/title-13/section-120.214)
- [SOP 50 10 8.1: Sec. A, Ch. 1, Para. D.1 (p. 14); 13 CFR § 121.301(b)(2)](https://www.ecfr.gov/current/title-13/section-121.301)
- [91 FR 53741 (Aug. 20, 2026)](https://www.govinfo.gov/content/pkg/FR-2026-08-20/pdf/2026-17042.pdf)
- [13 CFR § 121.201](https://www.ecfr.gov/current/title-13/section-121.201)