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

The median SBA approval in NAICS 211120 is $713,000, with the middle 80% of loans between $90,000 and $2,310,000. Across all industries the median is $180,000.

Which lenders are most active in crude petroleum extraction?

By dollars approved: UniBank, Bank of Hays, Harvest Small Business Finance, LLC, American Bank, First Oklahoma 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.

NAICS 211120 · Mining & Energy

SBA loans for crude petroleum extraction

49 SBA loans worth $54.1M have been approved in this industry since FY2010 - the #863 most-financed NAICS code in the country.

Median loan

$713,000

+296% vs all industries

Typical range

$90K-$2.3M

Middle 80%

Median rate

7.00%

7(a) initial note rate

Median term

7 yr

Charge-off rate

Cohort too small

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
UniBank	16	$22.8M
Bank of Hays	5	$5.1M
Harvest Small Business Finance, LLC	1	$5.0M
American Bank	3	$4.8M
First Oklahoma Bank	1	$4.8M
Equity Bank	1	$4.1M
Blue Sky Bank	1	$1.9M
SouthState Bank	1	$1.4M
Security Bank	4	$1.1M
BancFirst	1	$568K

Geography

Where these loans were made

State	Loans	Share
Texas	10
Kansas	6
Oklahoma	5
Louisiana	4
Georgia	3
Alabama	3
New Hampshire	2
Colorado	2

Approvals by fiscal year

’17

’18

’19

’20

’21

’22

’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
10%
$50K - $150K
4%
$150K - $350K
18%
$350K - $1M
18%
$1M - $2M
35%
Over $2M
14%

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 and Natural Gas Extraction51 · $200,000

Common questions

How much do SBA lenders typically lend to a crude petroleum extraction business?: The median SBA approval in NAICS 211120 is $713,000, with the middle 80% of loans between $90,000 and $2,310,000. Across all industries the median is $180,000.
Which lenders are most active in crude petroleum extraction?: By dollars approved: UniBank, Bank of Hays, Harvest Small Business Finance, LLC, American Bank, First Oklahoma 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.

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