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Oklahoma · Mining & Energy
SBA loans for mining & energy in Oklahoma
150 loans worth $108.5M approved since FY2010 for mining, quarrying, and oil and gas extraction projects located in Oklahoma.
Loans
150
Approved
$108.5M
Median loan
$269,800
+19% vs sector nationally
Median rate
6.00%
Jobs supported
2,658
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 Oklahoma
| Lender | Loans | Approved | Share |
|---|---|---|---|
| BancFirst | 37 | $14.7M | |
| First Oklahoma Bank | 4 | $8.8M | |
| Newtek Bank | 3 | $8.7M | |
| Prism Bank | 3 | $8.1M | |
| Newtek Small Business Finance, Inc. | 2 | $8.1M | |
| AmeriState Bank | 5 | $7.3M | |
| Byline Bank | 3 | $6.3M | |
| FandM Bank | 4 | $5.8M |
Detail
Which industries inside the sector
| Industry | Loans | Share |
|---|---|---|
| Support Activities for Oil and Gas Operations | 108 | |
| Drilling Oil and Gas Wells | 12 | |
| Dimension Stone Mining and Quarrying | 7 | |
| Natural Gas Extraction | 7 | |
| Crude Petroleum and Natural Gas Extraction | 6 | |
| Crude Petroleum Extraction | 5 | |
| Bituminous Coal Underground Mining | 2 | |
| Iron Ore Mining | 1 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for mining & energy in Oklahoma since FY2010 was $269,800. 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 Oklahoma
8,944 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 Oklahoma?
- 150 SBA loans totalling $108,510,000 have been approved for mining, quarrying, and oil and gas extraction projects in Oklahoma since FY2010.
- Which lenders finance mining & energy in Oklahoma?
- The most active by dollars approved are BancFirst, First Oklahoma Bank, Newtek Bank, Prism 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 Oklahoma?
- The median approval is $269,800, 19% above the national median for this sector ($227,300).
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