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North Dakota · Mining & Energy
SBA loans for mining & energy in North Dakota
89 loans worth $43.6M approved since FY2010 for mining, quarrying, and oil and gas extraction projects located in North Dakota.
Loans
89
Approved
$43.6M
Median loan
$273,000
+20% vs sector nationally
Median rate
6.25%
Jobs supported
1,259
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 North Dakota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| First State Bank & Trust | 17 | $6.7M | |
| Dakota Business Lending | 10 | $5.4M | |
| Wells Fargo Bank | 5 | $5.3M | |
| Equity Bank | 3 | $4.7M | |
| The Yellowstone Bank | 2 | $3.5M | |
| Old National Bank | 5 | $3.4M | |
| Lewis & Clark Certified Development Company | 5 | $2.9M | |
| Newtek Small Business Finance, Inc. | 2 | $2.4M |
Detail
Which industries inside the sector
| Industry | Loans | Share |
|---|---|---|
| Support Activities for Oil and Gas Operations | 66 | |
| Drilling Oil and Gas Wells | 11 | |
| Construction Sand and Gravel Mining | 7 | |
| Bituminous Coal and Lignite Surface Mining | 2 | |
| All Other Nonmetallic Mineral Mining | 1 | |
| Other Crushed and Broken Stone Mining and Quarrying | 1 | |
| Support Activities for Metal Mining | 1 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for mining & energy in North Dakota since FY2010 was $273,000. 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 North Dakota
3,635 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 North Dakota?
- 89 SBA loans totalling $43,574,100 have been approved for mining, quarrying, and oil and gas extraction projects in North Dakota since FY2010.
- Which lenders finance mining & energy in North Dakota?
- The most active by dollars approved are First State Bank & Trust, Dakota Business Lending, Wells Fargo Bank, Equity 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 North Dakota?
- The median approval is $273,000, 20% above the national median for this sector ($227,300).
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