Best SBA 7(a) lenders for drilling oil and gas wells
NAICS 213111 — Drilling Oil and Gas Wells.
50 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $40.2M.
Loans
50
Total $
$40.2M
Avg loan
$803K
Avg rate
8.25%
Avg term
110 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Small Business Finance, Inc. | 5 | $6.6M | $1.3M | 6.95% | 0.00% |
| 2 | Northeast Bank | 4 | $1.3M | $313K | 10.56% | — |
| 3 | U.S. Bank, National Association | 4 | $152K | $38K | 9.24% | 0.00% |
| 4 | Sunflower Bank National Association | 3 | $3.9M | $1.3M | 5.00% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 2 | $80K | $40K | 9.13% | 0.00% |
| 6 | First National Bank and Trust Company of Weatherford d/b/a F | 2 | $709K | $354K | 5.00% | 0.00% |
| 7 | BayFirst National Bank | 2 | $225K | $113K | 9.13% | 0.00% |
| 8 | Old National Bank | 2 | $1.5M | $735K | 4.38% | 0.00% |
| 9 | Readycap Lending, LLC | 2 | $44K | $22K | 14.25% | — |
| 10 | Community Bank of Mississippi | 2 | $1.1M | $559K | 8.50% | 0.00% |
| 11 | The First Security Bank | 2 | $1.1M | $557K | 5.75% | 0.00% |
| 12 | Horizon Bank | 1 | $250K | $250K | 8.50% | — |
| 13 | First State Bank | 1 | $1.9M | $1.9M | 6.25% | 0.00% |
| 14 | Alaska Growth Capital BIDCO, Inc. | 1 | $3.0M | $3.0M | 11.50% | — |
| 15 | Citizens Business Bank National Association | 1 | $900K | $900K | 8.00% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 213111. Charge-off rates are calculated on the FY2020–FY2023 cohort only.