SBA lending by industry
Mining and Extraction
SBA lenders funded 2,343 7(a) and 504 loans in Mining and Extraction since FY2010, totaling $1.5B at an average of $636K per loan. The most active lender in this sector is Newtek Small Business Finance, Inc., and the most funding goes to Texas.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Do you qualify as a small business here?
To use an SBA loan, your business has to count as small under the SBA size standard for its specific NAICS code. In Mining and Extraction, standards are generally based on your number of employees, but the exact threshold is set per 6-digit NAICS code and varies within the sector, so check yours with the official tool. Our eligibility guide explains the rest.
Check your SBA size standardMost active SBA lenders in Mining and Extraction
| Lender | Loans | Total volume |
|---|---|---|
| Newtek Small Business Finance, Inc. | 35 | $89.5M |
| Western Commerce Bank | 181 | $62.4M |
| The Huntington National Bank | 80 | $56.0M |
| Byline Bank | 16 | $34.0M |
| Newtek Bank, National Association | 20 | $30.9M |
| JPMorgan Chase Bank, National Association | 73 | $29.0M |
| Wells Fargo Bank National Association | 82 | $23.9M |
| UniBank | 16 | $22.8M |
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Where Mining and Extraction loans go
| State | Loans | Total volume |
|---|---|---|
| Texas | 554 | $380.6M |
| Oklahoma | 149 | $108.5M |
| New Mexico | 224 | $103.5M |
| Louisiana | 90 | $89.6M |
| Colorado | 101 | $69.7M |
| North Dakota | 88 | $43.5M |
| Pennsylvania | 85 | $42.1M |
| Utah | 147 | $40.9M |
Mining and Extraction SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 129 | $56.2M |
| 2011 | 169 | $102.0M |
| 2012 | 196 | $110.3M |
| 2013 | 147 | $69.4M |
| 2014 | 206 | $111.6M |
| 2015 | 181 | $100.5M |
| 2016 | 149 | $74.4M |
| 2017 | 175 | $69.6M |
| 2018 | 150 | $93.7M |
| 2019 | 130 | $104.6M |
| 2020 | 98 | $65.8M |
| 2021 | 132 | $129.2M |
| 2022 | 113 | $106.3M |
| 2023 | 93 | $67.1M |
| 2024 | 94 | $71.3M |
| 2025 | 141 | $127.7M |
| 2026 | 40 | $30.6M |
SBA lending in Mining and Extraction: frequently asked questions
How much SBA lending goes to Mining and Extraction?
SBA lenders funded 2,343 7(a) and 504 loans in Mining and Extraction totaling $1.5B in the public SBA data (as of 2026-03-31), an average of $636K per loan.
Who is the most active SBA lender for Mining and Extraction?
Newtek Small Business Finance, Inc. is the most active SBA lender in the Mining and Extraction sector in the public data, by funded volume.
Which states get the most SBA lending in Mining and Extraction?
The most SBA funding for Mining and Extraction goes to Texas.