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4 SBA 7(a) lenders specializing in mining acquisitions nationwide.
Lenders
nationwide
Total Volume
Median Rate
Median Loan Size
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Old National Bank | 1 | $4.5M | P+0.30% | 1.9% |
| 2 | Cadence Bank | 1 | $2.0M | P+2.50% | 2.8% |
| 3 | FFB Bank | 1 | $2.8M | P+2.25% | 2.9% |
| 4 | Ent CU | 1 | $2.6M | P+3.00% | 0.0% |
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Customize your search →4 SBA 7(a) lenders have originated 4 acquisition loans in the mining sector, totaling $12.0M in volume. The median loan size is $2.7M, with a median interest rate of Prime + 2.38% (Prime + spread).
When evaluating lenders for a mining acquisition, compare loan volume (indicating experience in this sector), interest rates, and historical default rates. PLP (Preferred Lender Program) lenders have delegated SBA authority for faster loan processing.
There are 4 active SBA 7(a) lenders that have originated mining acquisition loans, with a combined 4 loans nationwide.
The median SBA 7(a) acquisition loan rate for mining is approximately Prime + 2.38%. The SBA caps the spread at 3.0% for loans over $250,000.
The top states for mining SBA lending include .
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the mining sector. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.