How Much Can Construction Sand and Gravel Mining Businesses Get in SBA Loans?
750 SBA loans totaling $326.5M have been approved for construction sand and gravel mining businesses (NAICS 212321). The average approved SBA loan is $435K, which is 28% above avg the $340K national average. 250 active lenders fund this industry with a 13.2% default rate on the matured 2018-2021 loan cohort.
At 13.2%, Construction Sand and Gravel Mining sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — moderate default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 212321 (Construction Sand and Gravel Mining) received 750 SBA loans worth $326.5M across 5+ states. Average loan $435K, average term 111 months, 13.2% default rate (resolved-loan basis).250 active SBA-approved lenders fund this industry. Most construction sand and gravel mining loans use the SBA 7(a) program. There are approximately 2,227 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Construction Sand and Gravel Mining?+267% growth
Which SBA Program Do Construction Sand and Gravel Mining Businesses Use Most?
What Is the Best SBA Loan for Construction Sand and Gravel Mining?
The most widely used SBA program for construction sand and gravel mining businesses — flexible terms, multiple use cases
Where Are Construction Sand and Gravel Mining SBA Loans Most Common?
Top SBA Lenders for Construction Sand and Gravel Mining
These banks have funded the most SBA loans for construction sand and gravel mining businesses (NAICS 212321). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | PNC Bank, National Association(DE) | 133 | $6.4M |
| 2 | Wells Fargo Bank National Association(SD) | 24 | $6.1M |
| 3 | KeyBank National Association(OH) | 21 | $11.6M |
| 4 | Northeast Bank(ME) | 20 | $4.8M |
| 5 | The Huntington National Bank(OH) | 18 | $14.2M |
Construction Sand and Gravel Mining Industry Context
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PeerSense places SBA loans for construction sand and gravel mining 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 Construction Sand and Gravel Mining Businesses?
Across all SBA loan programs, 750 loans have been approved for businesses classified under NAICS 212321 (Construction Sand and Gravel Mining), representing $326.5M in total capital deployed. The average approved loan of $435K is 28% above avg the national SBA average of $340K, with typical repayment terms of 111 months.
SBA lending for construction sand and gravel mining is accelerating — loan volume has grown approximately 267% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2017.
The industry sees a balanced mix of SBA programs, with 8% 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 construction sand and gravel 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 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Construction Sand and Gravel Mining SBA Loans
What is the average SBA loan size for construction sand and gravel mining businesses?
Which SBA loan program is best for a construction sand and gravel mining business?
How many lenders fund SBA loans for construction sand and gravel mining?
What states have the most SBA lending for construction sand and gravel mining?
How does PeerSense help construction sand and gravel mining businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Construction Sand and Gravel Mining defined by NAICS code 212321. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.