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NAICS 212112Mining, Oil & Gas

How Much Can Bituminous Coal Underground Mining Businesses Get in SBA Loans?

26 SBA loans totaling $8.1M have been approved for bituminous coal underground mining businesses (NAICS 212112). The average approved SBA loan is $311K, which is 9% below avg the $340K national average. 13 active lenders fund this industry.

Quick Answer

NAICS 212112 (Bituminous Coal Underground Mining) received 26 SBA loans worth $8.1M across 5+ states. Average loan $311K, average term 80 months.13 active SBA-approved lenders fund this industry. Most bituminous coal underground mining loans use the SBA 7(a) program. There are approximately 189 U.S. establishments in this industry (Census 2022).

26
Total SBA Loans
$8.1M
Total Volume
$311K
Avg Loan Size
9% below avg
13
Active Lenders
80 mo
Avg Term
38% below avg
308
Jobs Supported

Which SBA Program Do Bituminous Coal Underground Mining Businesses Use Most?

SBA 7(a)25 (96%)
SBA 5041 (4%)

What Is the Best SBA Loan for Bituminous Coal Underground Mining?

SBA 7(a)

The most widely used SBA program for bituminous coal underground mining businesses — flexible terms, multiple use cases

Industry avg loan: $311K
Typical term: 80 months
Historical avg rate: 6.02%
13+ lenders active in this industry

Where Are Bituminous Coal Underground Mining SBA Loans Most Common?

#1
KY
11 loans
$3.9M
#2
WV
5 loans
$1.6M
#3
PA
3 loans
$254K
#4
OK
2 loans
$1.7M
#5
FL
1 loans
$10K

Top SBA Lenders for Bituminous Coal Underground Mining

These banks have funded the most SBA loans for bituminous coal underground mining businesses (NAICS 212112). PeerSense routes deals to lenders with proven appetite in your industry.

#LenderLoansVolume
1Community Trust Bank, Inc.(KY)9$1.3M
2PNC Bank, National Association(DE)3$295K
3One Valley Bank, Inc(WV)2$1.0M
4JPMorgan Chase Bank, National Association(OH)2$255K
5Byline Bank(IL)2$1.7M

Bituminous Coal Underground Mining Industry Context

U.S. Establishments
189
U.S. Census Bureau · 2022
U.S. Employment
600,000
BLS · 2026
SBA Penetration
13.76%
SBA loans per establishment

Ready to Fund Your Bituminous Coal Underground Mining Business?

PeerSense places SBA loans for bituminous coal underground mining businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.

$0

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Financing a Bituminous Coal Underground Mining business? Get matched to an SBA lender.

Tell us your loan amount and use of funds. We route you to the lender most likely to fund a deal in your industry.

SBA 7(a) / 504 — Response within 4 business hours. No obligation.

No retainers · Referral fee at closing · Or call (317) 452-6990

How Does SBA Lending Work for Bituminous Coal Underground Mining Businesses?

Across all SBA loan programs, 26 loans have been approved for businesses classified under NAICS 212112 (Bituminous Coal Underground Mining), representing $8.1M in total capital deployed. The average approved loan of $311K is 9% below avg the national SBA average of $340K, with typical repayment terms of 80 months.

SBA lending for bituminous coal underground mining has remained relatively stable across recent fiscal years. 13 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 underground 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 underground 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 Underground Mining SBA Loans

What is the average SBA loan size for bituminous coal underground mining businesses?
Based on 26 approved SBA loans, the average loan size for bituminous coal underground mining (NAICS 212112) is $311K. This compares to the national SBA average of $340K across all industries.
Which SBA loan program is best for a bituminous coal underground mining business?
SBA 7(a) is the most commonly used SBA program for bituminous coal underground mining businesses. The most widely used SBA program for bituminous coal underground mining businesses — flexible terms, multiple use cases. PeerSense can analyze your specific deal to determine the optimal program.
How many lenders fund SBA loans for bituminous coal underground mining?
13 different SBA-approved lenders have funded loans in this industry. Not all lenders are equally active in every industry — PeerSense matches your deal with lenders who have experience and appetite in the bituminous coal underground mining sector.
What states have the most SBA lending for bituminous coal underground mining?
KY leads with 11 SBA loans and $3.9M in total volume for bituminous coal underground mining businesses. WV, PA, OK also show strong lending activity in this sector.
How does PeerSense help bituminous coal underground mining businesses get SBA loans?
PeerSense is a capital advisory firm — not a lender. We analyze your deal (loan amount, down payment, business financials) and match you with SBA-approved lenders experienced in the bituminous coal underground mining industry. Our referral fee is established upfront in our agreement and paid at closing. No retainers.

Data aggregated from SBA loan records (1992–2025). Bituminous Coal Underground Mining defined by NAICS code 212112. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.