Best SBA 7(a) lenders for construction sand and gravel mining
The top SBA 7(a) lenders for construction sand and gravel mining (NAICS 212321) are Northeast Bank, KeyBank National Association, U.S. Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 99 loans totaling $57.8M to businesses in this industry. Average loan size: $584K. Average rate: 8.76%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
99
Total $
$57.8M
Avg loan
$584K
Avg rate
8.76%
Avg term
129 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 | Northeast Bank | 19 | $3.8M | $202K | 10.49% | — |
| 2 | KeyBank National Association | 7 | $6.7M | $951K | 7.41% | 0.00% |
| 3 | U.S. Bank, National Association | 6 | $739K | $123K | 9.63% | 0.00% |
| 4 | Columbia Bank | 4 | $7.4M | $1.9M | 6.88% | 0.00% |
| 5 | Readycap Lending, LLC | 4 | $355K | $89K | 13.94% | 0.00% |
| 6 | The Huntington National Bank | 3 | $3.0M | $997K | 9.08% | 0.00% |
| 7 | Manufacturers and Traders Trust Company | 3 | $165K | $55K | 12.25% | 0.00% |
| 8 | Mountain America FCU | 3 | $367K | $122K | 9.42% | 0.00% |
| 9 | Timberline Bank | 3 | $513K | $171K | 5.08% | 0.00% |
| 10 | Newtek Bank, National Association | 3 | $3.6M | $1.2M | 10.67% | — |
| 11 | Central Bank | 2 | $1.5M | $747K | 2.75% | 0.00% |
| 12 | 21st Century Bank | 2 | $383K | $192K | 7.38% | 0.00% |
| 13 | BayFirst National Bank | 2 | $300K | $150K | 12.88% | — |
| 14 | Newtek Small Business Finance, Inc. | 2 | $2.6M | $1.3M | 6.00% | 0.00% |
| 15 | Lendistry SBLC, LLC | 2 | $600K | $300K | 12.13% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 212321. Charge-off rates are calculated on the FY2020–FY2023 cohort only.