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New York · Mining & Energy
SBA loans for mining & energy in New York
56 loans worth $35.3M approved since FY2010 for mining, quarrying, and oil and gas extraction projects located in New York.
Loans
56
Approved
$35.3M
Median loan
$220,000
-3% vs sector nationally
Median rate
6.00%
Jobs supported
943
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 New York
| Lender | Loans | Approved | Share |
|---|---|---|---|
| KeyBank | 12 | $9.3M | |
| Metro City Bank | 2 | $7.5M | |
| Adirondack Bank | 4 | $4.7M | |
| Manufacturers and Traders Trust Company | 12 | $3.5M | |
| Empire State Certified Development Corporation | 2 | $1.8M | |
| Newtek Small Business Finance, Inc. | 1 | $1.7M | |
| TD Bank | 3 | $1.4M | |
| The Canandaigua National Bank and Trust Company | 2 | $1.3M |
Detail
Which industries inside the sector
| Industry | Loans | Share |
|---|---|---|
| Construction Sand and Gravel Mining | 23 | |
| Support Activities for Oil and Gas Operations | 11 | |
| Drilling Oil and Gas Wells | 7 | |
| Dimension Stone Mining and Quarrying | 5 | |
| Other Crushed and Broken Stone Mining and Quarrying | 3 | |
| Crushed and Broken Limestone Mining and Quarrying | 2 | |
| Crude Petroleum and Natural Gas Extraction | 2 | |
| Support Activities for Nonmetallic Minerals (except Fuels) Mining | 2 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for mining & energy in New York since FY2010 was $220,000. 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 New York
63,396 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 New York?
- 56 SBA loans totalling $35,256,400 have been approved for mining, quarrying, and oil and gas extraction projects in New York since FY2010.
- Which lenders finance mining & energy in New York?
- The most active by dollars approved are KeyBank, Metro City Bank, Adirondack Bank, Manufacturers and Traders Trust Company. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for mining & energy in New York?
- The median approval is $220,000.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.