How Much Can Coal and Other Mineral and Ore Merchant Wholesalers Businesses Get in SBA Loans?
41 SBA loans totaling $22.8M have been approved for coal and other mineral and ore merchant wholesalers businesses (NAICS 423520). The average approved SBA loan is $556K, which is 63% above avg the $340K national average. 25 active lenders fund this industry.
NAICS 423520 (Coal and Other Mineral and Ore Merchant Wholesalers) received 41 SBA loans worth $22.8M across 5+ states. Average loan $556K, average term 121 months.25 active SBA-approved lenders fund this industry. Most coal and other mineral and ore merchant wholesalers loans use the SBA 7(a) program. There are approximately 303 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Coal and Other Mineral and Ore Merchant Wholesalers?-33% decline
Which SBA Program Do Coal and Other Mineral and Ore Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Coal and Other Mineral and Ore Merchant Wholesalers?
The most widely used SBA program for coal and other mineral and ore merchant wholesalers businesses — flexible terms, multiple use cases
Where Are Coal and Other Mineral and Ore Merchant Wholesalers SBA Loans Most Common?
Top SBA Lenders for Coal and Other Mineral and Ore Merchant Wholesalers
These banks have funded the most SBA loans for coal and other mineral and ore merchant wholesalers businesses (NAICS 423520). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 7 | $8.8M |
| 2 | The Huntington National Bank(OH) | 5 | $2.3M |
| 3 | Bank of America, National Association(NC) | 3 | $313K |
| 4 | Commerce Bank(MO) | 2 | $850K |
| 5 | Live Oak Banking Company(NC) | 2 | $1.4M |
Coal and Other Mineral and Ore Merchant Wholesalers Industry Context
Ready to Fund Your Coal and Other Mineral and Ore Merchant Wholesalers Business?
PeerSense places SBA loans for coal and other mineral and ore merchant wholesalers businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
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How Does SBA Lending Work for Coal and Other Mineral and Ore Merchant Wholesalers Businesses?
Across all SBA loan programs, 41 loans have been approved for businesses classified under NAICS 423520 (Coal and Other Mineral and Ore Merchant Wholesalers), representing $22.8M in total capital deployed. The average approved loan of $556K is 63% above avg the national SBA average of $340K, with typical repayment terms of 121 months.
SBA lending for coal and other mineral and ore merchant wholesalers has contracted approximately 33% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 25 lenders remain active, maintaining competitive options for qualified borrowers.
The industry sees a balanced mix of SBA programs, with 7% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching coal and other mineral and ore merchant wholesalers 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 — Coal and Other Mineral and Ore Merchant Wholesalers SBA Loans
What is the average SBA loan size for coal and other mineral and ore merchant wholesalers businesses?
Which SBA loan program is best for a coal and other mineral and ore merchant wholesalers business?
How many lenders fund SBA loans for coal and other mineral and ore merchant wholesalers?
What states have the most SBA lending for coal and other mineral and ore merchant wholesalers?
How does PeerSense help coal and other mineral and ore merchant wholesalers businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Coal and Other Mineral and Ore Merchant Wholesalers defined by NAICS code 423520. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.