How much do SBA lenders typically lend to a drilling oil and gas wells business?

The median SBA approval in NAICS 213111 is $233,650, with the middle 80% of loans between $25,000 and $1,657,000. Across all industries the median is $180,000.

Which lenders are most active in drilling oil and gas wells?

By dollars approved: Newtek Small Business Finance, Inc., Bank of Hays, Texas Certified Development Company, Inc., Pathward, T 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 drilling oil and gas wells considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.0% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 213111 · Mining & Energy

SBA loans for drilling oil and gas wells

184 SBA loans worth $115.5M have been approved in this industry since FY2010 - the #563 most-financed NAICS code in the country.

Median loan

$233,650

+30% vs all industries

Typical range

$25K-$1.7M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

7 yr

Charge-off rate

7.0%

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
Newtek Small Business Finance, Inc.	7	$15.3M
Bank of Hays	2	$5.0M
Texas Certified Development Company, Inc.	1	$5.0M
Pathward	1	$5.0M
T Bank	1	$5.0M
Equity Bank	2	$4.7M
Bokf	4	$4.4M
Sunflower Bank	3	$3.9M
Regions Bank	1	$3.7M
Alaska Growth Capital BIDCO, Inc.	1	$3.0M

Geography

Where these loans were made

State	Loans	Share
Texas	55
Utah	14
Oklahoma	12
North Dakota	11
Colorado	11
Wyoming	10
California	7
Ohio	7

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

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’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
18%
$50K - $150K
20%
$150K - $350K
20%
$350K - $1M
20%
$1M - $2M
15%
Over $2M
7%

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 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 Crude Petroleum Extraction49 · $713,000

Common questions

How much do SBA lenders typically lend to a drilling oil and gas wells business?: The median SBA approval in NAICS 213111 is $233,650, with the middle 80% of loans between $25,000 and $1,657,000. Across all industries the median is $180,000.
Which lenders are most active in drilling oil and gas wells?: By dollars approved: Newtek Small Business Finance, Inc., Bank of Hays, Texas Certified Development Company, Inc., Pathward, T 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 drilling oil and gas wells considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.0% were charged off, versus 7.6% across all SBA lending. That is close to average.

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