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Arizona · Mining & Energy
SBA loans for mining & energy in Arizona
41 loans worth $33.6M approved since FY2010 for mining, quarrying, and oil and gas extraction projects located in Arizona.
Loans
41
Approved
$33.6M
Median loan
$350,000
+54% vs sector nationally
Median rate
7.20%
Jobs supported
751
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 Arizona
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Alerus Financial | 4 | $6.8M | |
| Arizona Financial Credit Union | 3 | $5.0M | |
| Enterprise Bank & Trust | 3 | $4.4M | |
| Bell Bank | 2 | $3.5M | |
| NexBank | 1 | $2.4M | |
| First Bank | 1 | $2.4M | |
| Columbia Bank | 2 | $2.0M | |
| St. Louis Bank | 1 | $1.7M |
Detail
Which industries inside the sector
| Industry | Loans | Share |
|---|---|---|
| Construction Sand and Gravel Mining | 18 | |
| Support Activities for Metal Mining | 8 | |
| Other Crushed and Broken Stone Mining and Quarrying | 5 | |
| Support Activities for Oil and Gas Operations | 4 | |
| Crushed and Broken Granite Mining and Quarrying | 2 | |
| Drilling Oil and Gas Wells | 2 | |
| Support Activities for Nonmetallic Minerals (except Fuels) Mining | 1 | |
| All Other Metal Ore Mining | 1 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for mining & energy in Arizona since FY2010 was $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.
All SBA lending in Arizona
21,156 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 Arizona?
- 41 SBA loans totalling $33,646,400 have been approved for mining, quarrying, and oil and gas extraction projects in Arizona since FY2010.
- Which lenders finance mining & energy in Arizona?
- The most active by dollars approved are Alerus Financial, Arizona Financial Credit Union, Enterprise Bank & Trust, Bell Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for mining & energy in Arizona?
- The median approval is $350,000, 54% above the national median for this sector ($227,300).
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