How Much Can Crude Petroleum Extraction Businesses Get in SBA Loans?
49 SBA loans totaling $54.1M have been approved for crude petroleum extraction businesses (NAICS 211120). The average approved SBA loan is $1.1M, which is 224% above avg the $340K national average. 21 active lenders fund this industry.
NAICS 211120 (Crude Petroleum Extraction) received 49 SBA loans worth $54.1M across 5+ states. Average loan $1.1M, average term 100 months.21 active SBA-approved lenders fund this industry. Most crude petroleum extraction loans use the SBA 7(a) program. There are approximately 3,973 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Crude Petroleum Extraction?-40% decline
Which SBA Program Do Crude Petroleum Extraction Businesses Use Most?
What Is the Best SBA Loan for Crude Petroleum Extraction?
The most widely used SBA program for crude petroleum extraction businesses — flexible terms, multiple use cases
Where Are Crude Petroleum Extraction SBA Loans Most Common?
Top SBA Lenders for Crude Petroleum Extraction
These banks have funded the most SBA loans for crude petroleum extraction businesses (NAICS 211120). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | UniBank(WA) | 16 | $22.8M |
| 2 | Bank of Hays(KS) | 5 | $5.1M |
| 3 | Security Bank(OK) | 4 | $1.1M |
| 4 | American Bank(LA) | 3 | $4.8M |
| 5 | Wells Fargo Bank National Association(SD) | 3 | $30K |
Crude Petroleum Extraction Industry Context
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How Does SBA Lending Work for Crude Petroleum Extraction Businesses?
Across all SBA loan programs, 49 loans have been approved for businesses classified under NAICS 211120 (Crude Petroleum Extraction), representing $54.1M in total capital deployed. The average approved loan of $1.1M is 224% above avg the national SBA average of $340K, with typical repayment terms of 100 months.
SBA lending for crude petroleum extraction has contracted approximately 40% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 21 lenders remain active, maintaining competitive options for qualified borrowers.
The overwhelming majority of SBA lending for crude petroleum extraction 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 extraction 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 — Crude Petroleum Extraction SBA Loans
What is the average SBA loan size for crude petroleum extraction businesses?
Which SBA loan program is best for a crude petroleum extraction business?
How many lenders fund SBA loans for crude petroleum extraction?
What states have the most SBA lending for crude petroleum extraction?
How does PeerSense help crude petroleum extraction businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Crude Petroleum Extraction defined by NAICS code 211120. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.