How much do SBA lenders typically lend to a crude petroleum and natural gas extraction business?

The median SBA approval in NAICS 211111 is $200,000, with the middle 80% of loans between $20,000 and $1,400,000. Across all industries the median is $180,000.

Which lenders are most active in crude petroleum and natural gas extraction?

By dollars approved: Byline Bank, FDIC - Community Bank & Trust-West Georgia, The Huntington National Bank, First National Bank and Trust Company of Weatherford d/b/a First Bank Texas, Guaranty Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is crude petroleum and natural gas extraction considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 15.8% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

NAICS 211111 · Mining & Energy

SBA loans for crude petroleum and natural gas extraction

51 SBA loans worth $26.5M have been approved in this industry since FY2010 - the #853 most-financed NAICS code in the country.

Median loan

$200,000

+11% vs all industries

Typical range

$20K-$1.4M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

6.7 yr

Charge-off rate

15.8%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
Byline Bank	1	$4.6M
FDIC - Community Bank & Trust-West Georgia	1	$3.7M
The Huntington National Bank	10	$3.5M
First National Bank and Trust Company of Weatherford d/b/a First Bank Texas	2	$1.9M
Guaranty Bank	2	$1.8M
Sovereign Bank	1	$1.7M
Plains State Bank	1	$1.4M
BancFirst	4	$1.3M
Valley National Bank	1	$1.1M
JPMorgan Chase Bank	3	$933K

Geography

Where these loans were made

State	Loans	Share
Texas	12
Oklahoma	6
Utah	5
Ohio	5
Kansas	3
West Virginia	3
Colorado	3
Wyoming	2

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’25

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
22%
$50K - $150K
14%
$150K - $350K
37%
$350K - $1M
14%
$1M - $2M
8%
Over $2M
6%

Nearby

Other mining & energy industries

See the sector

Support Activities for Oil and Gas Operations1,275 · $212,600 Construction Sand and Gravel Mining437 · $142,200 Drilling Oil and Gas Wells184 · $233,650 Dimension Stone Mining and Quarrying84 · $350,000 Other Crushed and Broken Stone Mining and Quarrying58 · $500,000 Crude Petroleum Extraction49 · $713,000

Common questions

How much do SBA lenders typically lend to a crude petroleum and natural gas extraction business?: The median SBA approval in NAICS 211111 is $200,000, with the middle 80% of loans between $20,000 and $1,400,000. Across all industries the median is $180,000.
Which lenders are most active in crude petroleum and natural gas extraction?: By dollars approved: Byline Bank, FDIC - Community Bank & Trust-West Georgia, The Huntington National Bank, First National Bank and Trust Company of Weatherford d/b/a First Bank Texas, Guaranty Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is crude petroleum and natural gas extraction considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 15.8% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

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