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NAICS 21221021

SBA Loans for Iron Ore Mining

Iron Ore Mining are one of the most-funded SBA 7(a) industries. Explore which lenders are actually approving iron ore mining loans, what loan sizes they fund, and where activity is concentrated.

Find lenders funding iron ore mining
Total loans
8
all programs
Approved $
$2.0M
last 5 years
Avg loan
$250K
median $145K
Most active lender
JPMorgan Chase Bank, National Association
2 loans
Jobs supported
312K
cumulative

Loan size distribution

SBA 7(a) · LAST 12 MONTHS
12.5%
25%
25%
25%
12.5%
<$50K
$50–100K
$100–250K
$250–500K
$1–2M
Most common range
$100K – $250K
34% of loans
Median
$145,000
90th percentile
$612,000
IRON ORE MINING-FRIENDLY LENDERS

The 5 lenders that approved 41% of iron ore mining SBA loans last year.

Submit your iron ore mining profile and we'll prioritize lenders that have already funded similar concept, size, and geography.

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Top lenders for iron ore mining

JPMorgan Chase Bank, National Association
2
4Front Credit Union
1
Capital Access Corporation - Kentucky
1
First National Bank of Pennsylvania
1
First Pryority Bank
1
The Huntington National Bank
1

Top states for iron ore mining loans

TX
2
ID
1
KY
1
MI
1
OH
1
OK
1
Loan records · Iron Ore Mining
8 records
Sort:
GALER FUNERAL HOME, INC.
Pickford, MI · 49774
$1,100,000
7(a)
4Front Credit Union2002-08-07
MINERALS RESEARCH & RECOVERY
Louisville, KY · 40299
$312,000
504
Capital Access Corporation - Kentucky$21K/job · 1994-05-23
Georges Colliers, Inc.
Spiro, OK · 74959
$274,600
7(a)
First Pryority Bank$4K/job · 2015-07-16
Logan Industrial Solutions, LTD.
Defiance, OH · 43512
$100,000
7(a)
The Huntington National Bank2013-02-12
PITTSBURGH IRON OXIDES INC
New Brighton, PA · 15066
$100,000
7(a)
First National Bank of Pennsylvania$6K/job · 2007-02-02
Rammsco Operations Inc
Katy, TX · 77450
$50,600
7(a)
JPMorgan Chase Bank, National Association$4K/job · 2007-12-21
Rammsco Operations Inc
Katy, TX · 77450
$50,000
7(a)
JPMorgan Chase Bank, National Association$3K/job · 2007-12-21
NEWMEX MINING AND MINERALS LLC
Eagle, ID · 83616
$10,000
7(a)
Wells Fargo Bank National Association2021-07-19
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