SBA lending by industry
Mining and Extraction
SBA lenders funded 791 7(a) and 504 loans in Mining and Extraction, totaling $660.6M at an average of $835K 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, as of 2026-03-31
NAICS sector
21
Funded loans
791
Total volume
$660.6M
Average loan size
$835K
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. | 18 | $36.7M |
| Newtek Bank, National Association | 20 | $30.9M |
| Western Commerce Bank | 59 | $28.3M |
| UniBank | 16 | $22.8M |
| Colony Bank | 8 | $19.2M |
| Old National Bank | 8 | $13.4M |
| Byline Bank | 6 | $12.7M |
| Northeast Bank | 52 | $11.2M |
Where Mining and Extraction loans go
| State | Loans | Total volume |
|---|---|---|
| Texas | 150 | $151.4M |
| Oklahoma | 57 | $48.0M |
| New Mexico | 64 | $43.2M |
| Louisiana | 30 | $41.7M |
| Colorado | 42 | $40.2M |
| California | 23 | $30.3M |
| North Dakota | 40 | $26.4M |
| Utah | 24 | $21.7M |
Mining and Extraction SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 6 | $4.1M |
| 2011 | 11 | $5.5M |
| 2012 | 15 | $18.5M |
| 2013 | 9 | $4.0M |
| 2014 | 7 | $8.5M |
| 2015 | 9 | $6.6M |
| 2016 | 9 | $9.1M |
| 2017 | 6 | $910K |
| 2018 | 4 | $3.3M |
| 2019 | 4 | $2.1M |
| 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 |
Sources and disclaimer. Figures are computed from the
U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.