Mining, Quarrying, and Oil and Gas Extraction
Most active lenders
1Western Commerce Bank$37.0M approved · $377K average98loans2PNC Bank, National Association$5.5M approved · $58K average95loans3Wells Fargo Bank National Association$5.0M approved · $127K average39loans4The Huntington National Bank$21.6M approved · $698K average31loans5Bank of Hays$13.6M approved · $452K average30loans
Ranked by loans written into this sector since FY2016.
Approvals by fiscal year
Hatched bar is FY2026, a partial year. The snapshot ends 30 June 2026.
89 loans in FY2025▲ 25% vs FY2024485 loans since FY2021
Industries in Mining, Quarrying, and Oil and Gas Extraction
13 profiledSupport Activities for Oil and Gas OperationsNAICS 213112 · 390 lenders2,054$864.5M$421K3.1%9.75%Construction Sand and Gravel MiningNAICS 212321 · 235 lenders665$285.5M$429K4.8%11.25%Drilling Oil and Gas WellsNAICS 213111 · 146 lenders325$128.8M$396K5.9%—Dimension Stone Mining and QuarryingNAICS 212311 · 73 lenders111$87.3M$786K2.7%—Other Crushed and Broken Stone Mining and QuarryingNAICS 212319 · 72 lenders108$73.3M$679K6.7%—Crushed and Broken Limestone Mining and QuarryingNAICS 212312 · 52 lenders83$63.7M$768K1.8%—Crude Petroleum ExtractionNAICS 211120 · 20 lenders44$52.1M$1.2M0.0%—Crude Petroleum and Natural Gas ExtractionNAICS 211111 · 71 lenders124$46.1M$372K10.7%—Bituminous Coal and Lignite Surface MiningNAICS 212111 · 26 lenders42$28.0M$667K0.7%—Support Activities for Metal MiningNAICS 213114 · 17 lenders35$18.8M$536K1.6%—Support Activities for Coal MiningNAICS 213113 · 20 lenders27$10.6M$392K0.0%—Support Activities for Nonmetallic Minerals (except Fuels) MiningNAICS 213115 · 23 lenders26$8.4M$323K0.0%—All Other Metal Ore MiningNAICS 212299 · 23 lenders32$6.9M$214K3.6%—
This sector spans 31 NAICS codes in total. The 18 not listed each have fewer than 25 loans, which is too few for a loss rate to mean anything, so they are counted in the sector totals but not profiled on their own. Median rate is the initial rate on 7(a) loans approved FY2024 onward. It is left blank below 20 such loans, because these rates cluster on round numbers and a median off a handful reads as precise when it is not — and blank for any industry that borrows only on 504, which reports no interest rate at all.
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