Mining, Quarrying & Oil/Gas Extraction

4,349 SBA loans totaling $2.0B.

Total Loans

4,349

1991–2025

Total Volume

$2.0B

Gross approval amount

Avg Loan Size

$465K

Median: $164K

Default Rate

7.9%

Avg rate: 6.96%

Active11.3%

Paid in Full68.1%

Charged Off6.8%

Cancelled12.9%

Committed0.6%

Get the complete SBA loan summary for all 20 NAICS industry sectors as a CSV — including loan counts, volume, rates, and default data.

Lender	Loans	Volume▼	Avg Rate	Default Rate
Newtek Small Business Finance, Inc.	38	$93.6M	6.83%	7.4%
Western Commerce Bank	238	$71.9M	7.28%	1.9%
The Huntington National Bank	101	$59.8M	5.95%	6.0%
Wells Fargo Bank National Association	238	$56.5M	7.85%	11.7%
JPMorgan Chase Bank, National Association	160	$47.2M	6.38%	11.0%
Zions Bank, A Division of	143	$35.7M	6.68%	6.9%
Byline Bank	17	$34.2M	6.70%	8.3%
Newtek Bank, National Association	19	$28.6M	11.14%	0.0%
UniBank	16	$22.8M	7.23%	0.0%
SouthWest Bank	50	$22.4M	5.69%	0.0%
BancFirst	53	$22.0M	5.75%	0.0%
PNC Bank, National Association	224	$21.6M	8.50%	11.7%
Bank of Hays	49	$20.6M	6.19%	2.2%
KeyBank National Association	41	$20.0M	6.20%	2.6%
Colony Bank	9	$19.7M	8.00%	0.0%
Rayne State Bank & Trust Company	13	$18.6M	6.33%	15.4%
Plains State Bank	10	$18.4M	5.94%	22.2%
Northeast Bank	57	$18.4M	10.38%	9.1%
Old National Bank	19	$16.8M	6.18%	0.0%
Gibsland Bank & Trust Company	15	$16.7M	6.30%	14.3%
First American Bank	31	$16.7M	6.43%	0.0%
Alaska Growth Capital BIDCO, Inc.	6	$16.3M	6.96%	0.0%
Comerica Bank	19	$16.2M	5.96%	0.0%
Columbia Bank	25	$16.0M	6.68%	14.3%
Equity Bank	17	$15.4M	6.08%	13.3%

Sub-Industry	Loans	Volume▼	Avg Size	Default Rate
Support Activities for Oil and Gas Operations	2,297	$979.1M	$426K	6.2%
Construction Sand and Gravel Mining	752	$326.6M	$434K	11.5%
Drilling Oil and Gas Wells	381	$163.9M	$430K	10.7%
Dimension Stone Mining and Quarrying	126	$94.9M	$753K	7.5%
Other Crushed and Broken Stone Mining and Quarrying	121	$83.2M	$688K	9.3%
Crushed and Broken Limestone Mining	92	$72.7M	$790K	9.8%
Crude Petroleum and Natural Gas	146	$56.3M	$386K	10.7%
Bituminous Coal and Lignite Surface Mining	45	$28.0M	$623K	7.9%
Support Activities for Metal Mining	44	$25.3M	$576K	12.5%
Industrial Sand Mining	13	$21.0M	$1.6M	30.0%
Support Activities for Coal Mining	34	$16.8M	$494K	0.0%
Crushed and Broken Granite Mining	23	$14.0M	$609K	8.7%
All Other Nonmetallic Mineral Mining	23	$10.5M	$455K	0.0%
Gold Ore Mining	17	$10.1M	$593K	0.0%
Natural Gas Liquid Extraction	21	$9.2M	$439K	10.5%
Support Activities for Nonmetallic Minerals (except Fuels)	32	$9.0M	$280K	0.0%
Bituminous Coal Underground Mining	26	$8.1M	$311K	15.0%
All Other Metal Ore Mining	39	$7.6M	$195K	9.4%
Other Chemical and Fertilizer Mineral Mining	17	$7.5M	$442K	18.8%
Iron Ore Mining	8	$2.0M	$250K	0.0%
Anthracite Mining	7	$1.9M	$277K	14.3%
Lead Ore and Zinc Ore Mining	2	$1.8M	$875K	0.0%
Potash, Soda, and Borate Mineral Mining	1	$1.2M	$1.2M	0.0%
Clay and Ceramic and Refractory Minerals Mining	6	$685K	$114K	33.3%
Phosphate Rock Mining	1	$500K	$500K	0.0%

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