Other Industrial Machinery Manufacturing: SBA business acquisition loan data
21 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Other Industrial Machinery Manufacturing (NAICS 333249), totaling $24.1M. Median loan $720,000, 12% higher than the all-acquisition median.
Terms signed in the LOI shape the purchase agreement that follows.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $1,726,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is less than 0.05% of all SBA-financed business purchases, ranking #282 of 300 industries tracked.
- Geography. Michigan leads with 6 loans; the top five states account for 76% of the industry's acquisitions.
- Jobs. Lenders reported 345 jobs supported across these loans, about 16.4 per acquisition, a rough proxy for the size of business changing hands.
Other Industrial Machinery Manufacturing acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $5.4M | $250,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 8 | $7.9M | $710,000 | |
| FY2021 | 8 | $7.3M | $940,500 | |
| FY2022 | 2 | $3.5M | $1,750,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Other Industrial Machinery Manufacturing acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Michigan | 6 | 28.6% | $10M | |
| 2 | Wisconsin | 3 | 14.3% | $4.1M | |
| 3 | Pennsylvania | 3 | 14.3% | $2.9M | |
| 4 | Minnesota | 2 | 9.5% | $2.1M | |
| 5 | North Dakota | 2 | 9.5% | $475K | |
| 6 | New Hampshire | 1 | 4.8% | $2M | |
| 7 | Florida | 1 | 4.8% | $1M | |
| 8 | New Jersey | 1 | 4.8% | $891K | |
| 9 | Indiana | 1 | 4.8% | $500K | |
| 10 | South Carolina | 1 | 4.8% | $271K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Old National Bank | 4 | 19.0% | $2.5M | |
| 2 | Truist Bank | 3 | 14.3% | $2.1M | |
| 3 | Live Oak Banking Company | 2 | 9.5% | $3.5M | |
| 4 | ChoiceOne Bank | 2 | 9.5% | $1.4M | |
| 5 | JPMorgan Chase Bank, National Association | 1 | 4.8% | $4.9M | |
| 6 | BMO Bank National Association | 1 | 4.8% | $2.5M | |
| 7 | Bar Harbor Bank & Trust | 1 | 4.8% | $2M | |
| 8 | Hancock Whitney Bank | 1 | 4.8% | $1M | |
| 9 | First Commonwealth Bank | 1 | 4.8% | $999K | |
| 10 | Bank Five Nine | 1 | 4.8% | $990K |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Other Industrial Machinery Manufacturing?
Median $720,000 across 21 acquisition loans (FY2018 to FY2026); the middle half ran $270,500 to $1,726,000. That is 12% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Other Industrial Machinery Manufacturing acquisitions?
Old National Bank (4), Truist Bank (3), Live Oak Banking Company (2), ChoiceOne Bank (2), JPMorgan Chase Bank, National Association (1).
Are businesses in Other Industrial Machinery Manufacturing often franchised?
Rarely. Only 0% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Other Industrial Machinery Manufacturing?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Other Industrial Machinery Manufacturing acquisitions?
Median term 10 years, average initial rate 5.35% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
That draft favors the seller. We review it for the buyer, line by line.
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