Alabama · Mining & Energy
SBA loans for mining & energy in Alabama
21 loans worth $14.4M approved since FY2010 for mining, quarrying, and oil and gas extraction projects located in Alabama.
Loans
21
Approved
$14.4M
Median loan
$125,300
-45% vs sector nationally
Median rate
7.56%
Jobs supported
100
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
Who lends to mining & energy in Alabama
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Southern Development Council | 2 | $4.8M | |
| UniBank | 3 | $4.6M | |
| SouthPoint Bank | 1 | $1.9M | |
| Community Bank of Mississippi | 2 | $1.1M | |
| Valley National Bank | 1 | $1.1M | |
| Northeast Bank | 1 | $350K | |
| PNC Bank | 10 | $291K | |
| Florida Business Development Corporation | 1 | $280K |
Detail
Which industries inside the sector
All SBA lending in Alabama
7,881 loans across every sector.
Mining & Energy nationally
2,367 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to mining & energy businesses in Alabama?
- 21 SBA loans totalling $14,445,200 have been approved for mining, quarrying, and oil and gas extraction projects in Alabama since FY2010.
- Which lenders finance mining & energy in Alabama?
- The most active by dollars approved are Southern Development Council, UniBank, SouthPoint Bank, Community Bank of Mississippi. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for mining & energy in Alabama?
- The median approval is $125,300, 45% below the national median for this sector ($227,300).
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