Lending data
Who lends to mining and extraction businesses, state by state
104 SBA 7(a) loans to mining and extraction businesses across 3 states, with the most active lender and the median loan in each.
Short answer
104 SBA 7(a) loans went to mining and extraction businesses across 3 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| Texas | 56 | $260,450 | 25% | Western Commerce Bank |
| New Mexico | 25 | $496,400 | 8% | Western Commerce Bank |
| Oklahoma | 23 | $402,600 | 30% | Great Plains National Bank |
What 7(a) lending to mining and extraction businesses looks like nationally
| Measure | Mining and extraction | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 283 | 214,102 |
| Median loan | $300,000 | $150,000 |
| 25th - 75th percentile | $100,000 - $897,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 9.75% | 10.25% |
| Share to startups | 24.0% | 33.6% |
| Charge-off rate, FY2010-19 | 6.8% | 7.1% |
| Jobs supported | 4,424 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loans here run larger than average. The median of $300,000 is 100% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- This is a hard market for new businesses. Only 24% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
- Rates run lower here. The median initial rate of 9.75% is 0.50 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.