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NAICS sector 21
Mining, Quarrying, and Oil and Gas Extraction
2,367 SBA loans worth $1.51B across 7 industries in this sector.
Loans
2,367
Approved
$1.51B
Median loan
$227,300
Median term
7 yr
Charge-off rate
7.0%
vs 7.6% all sectors
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.
Inside the sector
All 7 industries
| Industry | NAICS | Loans | Median loan | Median rate | Charge-off | Volume |
|---|---|---|---|---|---|---|
| Support Activities for Oil and Gas Operations | 213112 | 1,275 | $212,600 | 6.35% | 6.6% | |
| Construction Sand and Gravel Mining | 212321 | 437 | $142,200 | 7.22% | 9.6% | |
| Drilling Oil and Gas Wells | 213111 | 184 | $233,650 | 6.00% | 7.0% | |
| Dimension Stone Mining and Quarrying | 212311 | 84 | $350,000 | 5.50% | 0.0% | |
| Other Crushed and Broken Stone Mining and Quarrying | 212319 | 58 | $500,000 | 6.00% | 0.0% | |
| Crude Petroleum and Natural Gas Extraction | 211111 | 51 | $200,000 | 6.00% | 15.8% | |
| Crude Petroleum Extraction | 211120 | 49 | $713,000 | 7.00% | - |
Lenders
Most active in this sector
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Newtek Small Business Finance, Inc. | 35 | $89.5M | |
| Western Commerce Bank | 181 | $62.4M | |
| The Huntington National Bank | 80 | $56.0M | |
| Byline Bank | 16 | $34.0M | |
| Newtek Bank | 21 | $31.0M | |
| JPMorgan Chase Bank | 73 | $29.0M | |
| Wells Fargo Bank | 82 | $23.9M | |
| UniBank | 16 | $22.8M | |
| Zions Bank, A Division of | 81 | $19.8M | |
| Colony Bank | 9 | $19.7M |
Approvals by fiscal year
Gross approval dollars. Final bar is a partial fiscal year.
An SBA 7(a) lender for loans this size
60% of the SBA loans approved in the mining & energy sector 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.
By state
Mining & Energy SBA lending in 27 states
Each state page lists the lenders and industries behind the sector's loans there. States with fewer than 20 loans in the sector have no page.
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