Lending data
Who lends to manufacturers, state by state
12,131 SBA 7(a) loans to manufacturers across 46 states, with the most active lender and the median loan in each.
Short answer
12,131 SBA 7(a) loans went to manufacturers across 46 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| California | 1,451 | $276,000 | 20% | U.S. Bank |
| Florida | 817 | $273,000 | 25% | TD Bank |
| Texas | 779 | $300,000 | 32% | The Huntington National Bank |
| Ohio | 737 | $150,000 | 32% | The Huntington National Bank |
| New York | 720 | $150,000 | 22% | Manufacturers and Traders Trust Company |
| Michigan | 549 | $178,000 | 29% | The Huntington National Bank |
| Pennsylvania | 496 | $225,000 | 28% | The Huntington National Bank |
| Illinois | 476 | $251,500 | 25% | The Huntington National Bank |
| Minnesota | 438 | $250,000 | 29% | U.S. Bank |
| New Jersey | 395 | $250,000 | 28% | TD Bank |
| Washington | 339 | $150,000 | 28% | KeyBank |
| Colorado | 333 | $250,000 | 36% | The Huntington National Bank |
| Wisconsin | 328 | $326,000 | 30% | Old National Bank |
| North Carolina | 310 | $322,500 | 32% | Wells Fargo Bank |
| Utah | 294 | $247,200 | 29% | Zions Bank |
| Indiana | 279 | $218,000 | 33% | The Huntington National Bank |
| Massachusetts | 279 | $165,000 | 27% | Rockland Trust Company |
| Georgia | 248 | $325,000 | 32% | Newtek Bank |
| Oregon | 246 | $150,000 | 20% | Columbia Bank |
| Arizona | 229 | $350,000 | 24% | Zions Bank |
| Missouri | 218 | $345,000 | 30% | OakStar Bank |
| Connecticut | 186 | $250,000 | 27% | Manufacturers and Traders Trust Company |
| Virginia | 170 | $300,000 | 33% | Manufacturers and Traders Trust Company |
| Maryland | 160 | $147,000 | 44% | Manufacturers and Traders Trust Company |
| Idaho | 151 | $185,000 | 32% | Zions Bank |
| Tennessee | 125 | $300,000 | 30% | Newtek Bank |
| New Hampshire | 117 | $144,000 | 24% | TD Bank |
| South Carolina | 111 | $350,000 | 34% | TD Bank |
| Nevada | 108 | $212,500 | 34% | U.S. Bank |
| Kentucky | 101 | $250,000 | 44% | The Huntington National Bank |
| Kansas | 99 | $352,700 | 22% | Emprise Bank |
| Oklahoma | 99 | $300,000 | 35% | BancFirst |
| Maine | 88 | $106,000 | 33% | TD Bank |
| Iowa | 79 | $275,000 | 34% | U.S. Bank |
| Alabama | 75 | $364,500 | 32% | Sabre Finance |
| Louisiana | 72 | $346,350 | 39% | American Bank |
| Nebraska | 56 | $279,000 | 30% | Union Bank and Trust Company |
| Vermont | 56 | $97,500 | 34% | Community National Bank |
| New Mexico | 55 | $300,000 | 47% | Western Commerce Bank |
| Rhode Island | 53 | $225,000 | 36% | Eastern Bank |
| Arkansas | 45 | $250,000 | 42% | First Service Bank |
| Montana | 39 | $210,000 | 38% | The Yellowstone Bank |
| Mississippi | 37 | $350,000 | 30% | Peoples Bank |
| South Dakota | 33 | $150,000 | 67% | Black Hills FCU |
| West Virginia | 28 | $62,500 | 36% | The Huntington National Bank |
| Delaware | 27 | $350,000 | 56% | The Huntington National Bank |
What 7(a) lending to manufacturers looks like nationally
| Measure | Manufacturing | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 12,339 | 214,102 |
| Median loan | $248,000 | $150,000 |
| 25th - 75th percentile | $93,600 - $629,800 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.00% | 10.25% |
| Share to startups | 28.5% | 33.6% |
| Charge-off rate, FY2010-19 | 6.3% | 7.1% |
| Jobs supported | 149,467 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loans here run larger than average. The median of $248,000 is 65% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- Startup share is about average, at 28% against 34% nationally.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.