Best SBA 7(a) lenders for construction sand and gravel mining
NAICS 212321 — Construction Sand and Gravel Mining.
99 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $57.8M.
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.