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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 | Share |
|---|---|---|---|
| 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 |
An SBA 7(a) lender for loans this size
33% of the SBA loans approved in crude petroleum extraction since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K10%
- $50K - $150K4%
- $150K - $350K18%
- $350K - $1M18%
- $1M - $2M35%
- Over $2M14%
Nearby
Other mining & energy industries
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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