What is the SBA loan default rate for Coal and Other Mineral and Ore Merchant Wholesalers?

25 lenders actively fund Coal and Other Mineral and Ore Merchant Wholesalers. A reliable default rate is shown only for industries with a large enough matured loan cohort; this one is below that threshold, so we do not publish a figure that would mislead.

Which SBA program is best for Coal and Other Mineral and Ore Merchant Wholesalers?

The SBA 7(a) program is the most commonly used for Coal and Other Mineral and Ore Merchant Wholesalers businesses, accounting for the majority of approved loans. The SBA 504 program is popular for larger real estate and equipment purchases.

NAICS 423520Wholesale Trade

How Much Can Coal and Other Mineral and Ore Merchant Wholesalers Businesses Get in SBA Loans?

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Address: Westfield, Westfield, IN, 46074, US
Telephone: +13174526990
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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.

Quick Answer

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).

Total SBA Loans

$22.8M

Total Volume

$556K

Avg Loan Size

63% above avg

Active Lenders

121 mo

Avg Term

7% below avg

221

Jobs Supported

Is SBA Lending Growing for Coal and Other Mineral and Ore Merchant Wholesalers?-33% decline

$5.1M

$164K

$1.8M

$100K

$2.0M

$300K

$2.3M

Which SBA Program Do Coal and Other Mineral and Ore Merchant Wholesalers Businesses Use Most?

SBA 7(a)38 (93%)

SBA 5043 (7%)

What Is the Best SBA Loan for Coal and Other Mineral and Ore Merchant Wholesalers?

SBA 7(a)

The most widely used SBA program for coal and other mineral and ore merchant wholesalers businesses: flexible terms, multiple use cases

Industry avg loan: $556K

Typical term: 121 months

Historical avg rate: 6.41%

25+ lenders active in this industry

Where Are Coal and Other Mineral and Ore Merchant Wholesalers SBA Loans Most Common?

6 loans

$4.1M

4 loans

$2.3M

4 loans

$7.9M

3 loans

$283K

3 loans

$896K

SBA Lending Activity in Coal and Other Mineral and Ore Merchant Wholesalers

25 SBA lenders have funded 41 loans to coal and other mineral and ore merchant wholesalers businesses (NAICS 423520). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.

Loans funded

Active lenders

Total volume

$22.8M

Avg loan size

$556K

Browse all SBA lenders

Coal and Other Mineral and Ore Merchant Wholesalers Industry Context

U.S. Establishments

303

U.S. Census Bureau · 2022

SBA Penetration

13.53%

SBA loans per establishment

Talk to PeerSense

PeerSense sources capital for coal and other mineral and ore merchant wholesalers businesses. The capital source sets the terms. No upfront fee. Talk to PeerSense. Referral fee at closing.

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Talk to PeerSense (317) 452-6990

Talk to PeerSense about financing a Coal and Other Mineral and Ore Merchant Wholesalers business.

Tell us your loan amount and use of funds. PeerSense sources capital. The capital source sets the terms.

SBA 7(a) / 504: PeerSense will reach out. No obligation.

How big is your deal?

Where are you in the deal?

Equity or down payment ready

Credit score

Timeline to close

SBA already on the books?

What best describes your company

Liquid funds available outside this deal

Where is the property or business

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Referral fee realized at closing · Or call (317) 452 6990

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.

Talk to PeerSense about a coal and other mineral and ore merchant wholesalers file. The capital source sets the terms. The desk fee is paid at closing, never upfront.

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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?

Based on 41 approved SBA loans, the average loan size for coal and other mineral and ore merchant wholesalers (NAICS 423520) is $556K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a coal and other mineral and ore merchant wholesalers business?

SBA 7(a) is the most commonly used SBA program for coal and other mineral and ore merchant wholesalers businesses. The most widely used SBA program for coal and other mineral and ore merchant wholesalers businesses: flexible terms, multiple use cases. PeerSense can analyze your specific deal to determine the optimal program.

How many lenders fund SBA loans for coal and other mineral and ore merchant wholesalers?

25 different SBA approved lenders have funded loans in this industry. Not all lenders are equally active in every industry. Talk to PeerSense. The capital source sets the terms for a coal and other mineral and ore merchant wholesalers file.

What states have the most SBA lending for coal and other mineral and ore merchant wholesalers?

NY leads with 6 SBA loans and $4.1M in total volume for coal and other mineral and ore merchant wholesalers businesses. OH, NC, PA also show strong lending activity in this sector.

How does PeerSense help coal and other mineral and ore merchant wholesalers businesses get SBA loans?

PeerSense is a capital advisory firm. Talk to PeerSense about a coal and other mineral and ore merchant wholesalers file. The capital source sets the terms. No upfront fee. The desk is paid at closing.

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Avg: $492K

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Avg: $500K

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Avg: $327K

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Data aggregated from SBA loan records (1992 to 2025). Coal and Other Mineral and Ore Merchant Wholesalers defined by NAICS code 423520. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.