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
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).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.