How Much Can Drilling Oil and Gas Wells Businesses Get in SBA Loans?
379 SBA loans totaling $163.8M have been approved for drilling oil and gas wells businesses (NAICS 213111). The average approved SBA loan is $432K, which is 27% above avg the $340K national average. 161 active lenders fund this industry with a 11.9% default rate on the matured 2018-2021 loan cohort.
At 11.9%, Drilling Oil and Gas Wells 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 213111 (Drilling Oil and Gas Wells) received 379 SBA loans worth $163.8M across 5+ states. Average loan $432K, average term 94 months, 11.9% default rate (resolved-loan basis).161 active SBA-approved lenders fund this industry. Most drilling oil and gas wells loans use the SBA 7(a) program. There are approximately 2,008 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Drilling Oil and Gas Wells?+260% growth
Which SBA Program Do Drilling Oil and Gas Wells Businesses Use Most?
What Is the Best SBA Loan for Drilling Oil and Gas Wells?
The most widely used SBA program for drilling oil and gas wells businesses — flexible terms, multiple use cases
Where Are Drilling Oil and Gas Wells SBA Loans Most Common?
Top SBA Lenders for Drilling Oil and Gas Wells
These banks have funded the most SBA loans for drilling oil and gas wells businesses (NAICS 213111). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 36 | $5.3M |
| 2 | PNC Bank, National Association(DE) | 16 | $2.6M |
| 3 | Zions Bank, A Division of(UT) | 14 | $2.5M |
| 4 | JPMorgan Chase Bank, National Association(OH) | 13 | $3.5M |
| 5 | Bank of America, National Association(NC) | 10 | $836K |
Drilling Oil and Gas Wells Industry Context
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How Does SBA Lending Work for Drilling Oil and Gas Wells Businesses?
Across all SBA loan programs, 379 loans have been approved for businesses classified under NAICS 213111 (Drilling Oil and Gas Wells), representing $163.8M in total capital deployed. The average approved loan of $432K is 27% above avg the national SBA average of $340K, with typical repayment terms of 94 months.
SBA lending for drilling oil and gas wells is accelerating — loan volume has grown approximately 260% 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 overwhelming majority of SBA lending for drilling oil and gas wells 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 drilling oil and gas wells 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 — Drilling Oil and Gas Wells SBA Loans
What is the average SBA loan size for drilling oil and gas wells businesses?
Which SBA loan program is best for a drilling oil and gas wells business?
How many lenders fund SBA loans for drilling oil and gas wells?
What states have the most SBA lending for drilling oil and gas wells?
How does PeerSense help drilling oil and gas wells businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Drilling Oil and Gas Wells defined by NAICS code 213111. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.