How Much Can Crude Petroleum and Natural Gas Businesses Get in SBA Loans?
145 SBA loans totaling $56.1M have been approved for crude petroleum and natural gas businesses (NAICS 211111). The average approved SBA loan is $387K, which is 14% above avg the $340K national average. 77 active lenders fund this industry with a 10.9% default rate on the matured 2018-2021 loan cohort.
At 10.9%, Crude Petroleum and Natural Gas 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 211111 (Crude Petroleum and Natural Gas) received 145 SBA loans worth $56.1M across 5+ states. Average loan $387K, average term 89 months, 10.9% default rate (resolved-loan basis).77 active SBA-approved lenders fund this industry. Most crude petroleum and natural gas loans use the SBA 7(a) program. There are approximately 23,180 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Crude Petroleum and Natural Gas?-87% decline
Which SBA Program Do Crude Petroleum and Natural Gas Businesses Use Most?
What Is the Best SBA Loan for Crude Petroleum and Natural Gas?
The most widely used SBA program for crude petroleum and natural gas businesses — flexible terms, multiple use cases
Where Are Crude Petroleum and Natural Gas SBA Loans Most Common?
Top SBA Lenders for Crude Petroleum and Natural Gas
These banks have funded the most SBA loans for crude petroleum and natural gas businesses (NAICS 211111). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | The Huntington National Bank(OH) | 15 | $5.3M |
| 2 | Wells Fargo Bank National Association(SD) | 13 | $2.0M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 8 | $1.8M |
| 4 | BancFirst(OK) | 7 | $2.9M |
| 5 | Zions Bank, A Division of(UT) | 5 | $410K |
Crude Petroleum and Natural Gas Industry Context
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How Does SBA Lending Work for Crude Petroleum and Natural Gas Businesses?
Across all SBA loan programs, 145 loans have been approved for businesses classified under NAICS 211111 (Crude Petroleum and Natural Gas), representing $56.1M in total capital deployed. The average approved loan of $387K is 14% above avg the national SBA average of $340K, with typical repayment terms of 89 months.
SBA lending for crude petroleum and natural gas has contracted approximately 87% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 77 lenders remain active, maintaining competitive options for qualified borrowers.
The overwhelming majority of SBA lending for crude petroleum and natural gas 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 crude petroleum and natural gas 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 — Crude Petroleum and Natural Gas SBA Loans
What is the average SBA loan size for crude petroleum and natural gas businesses?
Which SBA loan program is best for a crude petroleum and natural gas business?
How many lenders fund SBA loans for crude petroleum and natural gas?
What states have the most SBA lending for crude petroleum and natural gas?
How does PeerSense help crude petroleum and natural gas businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Crude Petroleum and Natural Gas defined by NAICS code 211111. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.