Top SBA Acquisition Lenders for Mining
6 SBA 7(a) lenders specializing in mining acquisitions nationwide.
Lenders
nationwide
Total Volume
Median Rate
Median Loan Size
Top Mining Lenders
Top 6 Mining Lenders
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Ent CU | 1 | $2.6M | P+3.00% | 0.0% |
| 2 | Cadence Bank | 1 | $2.0M | P+2.25% | 4.2% |
| 3 | Old National Bank | 1 | $4.5M | P+0.30% | 2.4% |
| 4 | The Huntington National Bank | 1 | $2.0M | P+2.25% | 1.8% |
| 5 | Colony Bank | 1 | $4.9M | P+2.75% | 0.0% |
| 6 | FFB Bank | 1 | $2.8M | P+2.25% | 2.9% |
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Customize your search →SBA 7(a) Lending for Mining
6 SBA 7(a) lenders have originated 6 acquisition loans in the mining sector, totaling $18.9M in volume. The median loan size is $2.7M, with a median interest rate of Prime + 2.25% (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.
Frequently Asked Questions
How many SBA 7(a) lenders serve the mining industry?
There are 6 active SBA 7(a) lenders that have originated mining acquisition loans, with a combined 6 loans nationwide.
What is the typical SBA loan rate for mining acquisitions?
The median SBA 7(a) acquisition loan rate for mining is approximately Prime + 2.25%. The SBA caps the spread at 3.0% for loans over $250,000.
Which states have the most mining SBA lenders?
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.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.