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Pennsylvania · Mining & Energy
SBA loans for mining & energy in Pennsylvania
85 loans worth $42.1M approved since FY2010 for mining, quarrying, and oil and gas extraction projects located in Pennsylvania.
Loans
85
Approved
$42.1M
Median loan
$150,000
-34% vs sector nationally
Median rate
6.00%
Jobs supported
1,497
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 Pennsylvania
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Byline Bank | 3 | $5.5M | |
| First Commonwealth Bank | 5 | $5.4M | |
| Newtek Small Business Finance, Inc. | 1 | $5.0M | |
| Customers Bank | 4 | $3.9M | |
| Manufacturers and Traders Trust Company | 3 | $2.9M | |
| Citizens & Northern Bank | 20 | $2.6M | |
| Meridian Bank | 1 | $1.8M | |
| The Huntington National Bank | 7 | $1.8M |
Detail
Which industries inside the sector
| Industry | Loans | Share |
|---|---|---|
| Support Activities for Oil and Gas Operations | 44 | |
| Dimension Stone Mining and Quarrying | 16 | |
| Construction Sand and Gravel Mining | 9 | |
| Other Crushed and Broken Stone Mining and Quarrying | 5 | |
| Bituminous Coal and Lignite Surface Mining | 3 | |
| Support Activities for Coal Mining | 2 | |
| Drilling Oil and Gas Wells | 2 | |
| Anthracite Mining | 2 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for mining & energy in Pennsylvania since FY2010 was $150,000. 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 Pennsylvania
32,772 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 Pennsylvania?
- 85 SBA loans totalling $42,149,800 have been approved for mining, quarrying, and oil and gas extraction projects in Pennsylvania since FY2010.
- Which lenders finance mining & energy in Pennsylvania?
- The most active by dollars approved are Byline Bank, First Commonwealth Bank, Newtek Small Business Finance, Inc., Customers 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 Pennsylvania?
- The median approval is $150,000, 34% below the national median for this sector ($227,300).
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