How Much Can Bituminous Coal and Lignite Surface Mining Businesses Get in SBA Loans?
45 SBA loans totaling $28.0M have been approved for bituminous coal and lignite surface mining businesses (NAICS 212111). The average approved SBA loan is $623K, which is 83% above avg the $340K national average. 29 active lenders fund this industry.
NAICS 212111 (Bituminous Coal and Lignite Surface Mining) received 45 SBA loans worth $28.0M across 5+ states. Average loan $623K, average term 76 months.29 active SBA-approved lenders fund this industry. Most bituminous coal and lignite surface mining loans use the SBA 7(a) program. There are approximately 259 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Bituminous Coal and Lignite Surface Mining?
Which SBA Program Do Bituminous Coal and Lignite Surface Mining Businesses Use Most?
What Is the Best SBA Loan for Bituminous Coal and Lignite Surface Mining?
The most widely used SBA program for bituminous coal and lignite surface mining businesses — flexible terms, multiple use cases
Where Are Bituminous Coal and Lignite Surface Mining SBA Loans Most Common?
Top SBA Lenders for Bituminous Coal and Lignite Surface Mining
These banks have funded the most SBA loans for bituminous coal and lignite surface mining businesses (NAICS 212111). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Community Trust Bank, Inc.(KY) | 6 | $3.2M |
| 2 | Washington Trust Bank(WA) | 4 | $1.1M |
| 3 | PNC Bank, National Association(DE) | 3 | $835K |
| 4 | WesBanco Bank, Inc.(WV) | 3 | $882K |
| 5 | Citizens Bank, National Association(RI) | 2 | $55K |
Bituminous Coal and Lignite Surface Mining Industry Context
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How Does SBA Lending Work for Bituminous Coal and Lignite Surface Mining Businesses?
Across all SBA loan programs, 45 loans have been approved for businesses classified under NAICS 212111 (Bituminous Coal and Lignite Surface Mining), representing $28.0M in total capital deployed. The average approved loan of $623K is 83% above avg the national SBA average of $340K, with typical repayment terms of 76 months.
SBA lending for bituminous coal and lignite surface mining has remained relatively stable across recent fiscal years. 29 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
The overwhelming majority of SBA lending for bituminous coal and lignite surface mining uses the 7(a) program, which provides the most flexibility — covering working capital, equipment purchases, partner buyouts, debt refinancing, and business acquisitions up to $5M with terms up to 25 years.
PeerSense specializes in matching bituminous coal and lignite surface mining business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 100+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Bituminous Coal and Lignite Surface Mining SBA Loans
What is the average SBA loan size for bituminous coal and lignite surface mining businesses?
Which SBA loan program is best for a bituminous coal and lignite surface mining business?
How many lenders fund SBA loans for bituminous coal and lignite surface mining?
What states have the most SBA lending for bituminous coal and lignite surface mining?
How does PeerSense help bituminous coal and lignite surface mining businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Bituminous Coal and Lignite Surface Mining defined by NAICS code 212111. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.