What business loan options are available in Midland, Texas?

Midland small businesses can access SBA financing through the SBA Lubbock District Office (West Texas), CDFI lending from PeopleFund and BCL of Texas, and a commercial lending market shaped by Midland's defining pillars: the energy capital of the Permian Basin — the most prolific oil-producing region in the United States — with an economy built around oil and gas exploration, production, and oilfield services, as well as healthcare anchored by Midland Health and growing economic diversification efforts in professional services, retail, and logistics. PeopleFund and BCL of Texas are among the most active mission-driven lenders serving West Texas SMBs.

Midland small-business landscape

Midland is the energy capital of the Permian Basin — the most productive oil-producing region in the United States and one of the most productive in the world. The city's economy is defined by crude oil exploration and production, oilfield services, energy technology, pipeline operations, and energy-sector professional services. The Permian Basin produces roughly 40% of total U.S. crude oil output, according to U.S. Energy Information Administration Permian Basin production data, making Midland one of the most economically significant energy metros in the country. Major oil companies — including Occidental Petroleum, Pioneer Natural Resources (now ExxonMobil), and ConocoPhillips — operate Permian Basin headquarters and regional offices in Midland, anchoring an ecosystem of oilfield services SMBs: well completion contractors, directional drilling services, flowback operators, production chemical suppliers, wellhead equipment fabricators, pipeline services, and energy technology firms. Midland Health — the region's primary healthcare system — sustains a healthcare SMB ecosystem of specialty practices, behavioral health services, home health agencies, and medical staffing firms. Midland's economic diversification efforts — supported by the Midland Development Corporation, the Midland Chamber of Commerce, and the City of Midland — aim to grow professional services, technology, retail, logistics, and hospitality sectors that provide counter-cyclical economic stability to the energy-dependent metro. According to U.S. Census Bureau County Business Patterns, Midland County hosts thousands of employer establishments with mining, quarrying, and oil/gas extraction as the dominant NAICS supersector, complemented by healthcare, retail trade, construction, and professional and business services. BLS Quarterly Census of Employment and Wages data confirms oil and gas extraction, oilfield services, healthcare, retail, and construction as the core employer sectors in the Midland, Texas metropolitan statistical area.

Top SMB sectors in Midland

SBA District Office serving Midland

Midland businesses are served by the SBA Lubbock District Office, which administers SBA 7(a), 504, and Microloan programs across West Texas from its Lubbock base. The office partners with the West Texas SBDC Network — including the SBDC at Midland College (serving Midland County and the Permian Basin) — and SCORE West Texas. The SBA Lubbock District Office coordinates with the Midland Development Corporation, the Midland Chamber of Commerce, the City of Midland Economic Development, and the Permian Basin Regional Planning Commission on SMB capital access, energy-sector business development, healthcare lending, workforce housing construction financing, and economic diversification initiatives across the Midland–Odessa metro.

Local CDFI partners

Common SMB lender categories for Midland businesses

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Key takeaways

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