SBA Loans for Iron Ore Mining in Connecticut: Top Lenders
NAICS 212NAICS 212 covers iron ore mining businesses in Connecticut. Based on historical SBA 7(a) lending data.
Total Approvals
2
in Connecticut
Median Loan Size
$1,549,500
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 212 covers iron ore mining businesses. This is a smaller category in SBA 7(a) lending with 2 approvals on record and a median loan size of $1,549,500.
Key trends & insights
- Iron Ore Mining in Connecticut loans run larger than the SBA average — a $1,549,500 median vs. ~$450,000 across all industries. These businesses typically need more capital.
Most active SBA lenders for Iron Ore Mining in Connecticut
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $150,000 | |
| 2 | 1 | $2,949,000 |
Recent SBA 7(a) approvals for Iron Ore Mining in Connecticut
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | Banesco USA | Sta*****LLC | STAFFORD SPRINGS, CT | $2,949,000 |
| 2023-08 | Newtek Bank, National Association | Hol*****nc. | BROAD BROOK, CT | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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