How much do SBA lenders typically lend to a solar electric power generation business?

The median SBA approval in NAICS 221114 is $226,500, with the middle 80% of loans between $25,000 and $1,251,000. Across all industries the median is $180,000.

Which lenders are most active in solar electric power generation?

By dollars approved: Newtek Bank, Georgia's Own Credit Union, Bay Colony Development Corporation, Seacoast National Bank, Granite State Economic Development Corporation. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is solar electric power generation considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.1% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 221114 · Utilities

SBA loans for solar electric power generation

206 SBA loans worth $112.3M have been approved in this industry since FY2010 - the #536 most-financed NAICS code in the country.

Median loan

$226,500

+26% vs all industries

Typical range

$25K-$1.3M

Middle 80%

Median rate

9.50%

7(a) initial note rate

Median term

10 yr

Charge-off rate

9.1%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
Newtek Bank	6	$15.2M
Georgia's Own Credit Union	3	$6.0M
Bay Colony Development Corporation	6	$6.0M
Seacoast National Bank	3	$5.5M
Granite State Economic Development Corporation	13	$5.0M
Empire State Certified Development Corporation	4	$3.9M
Columbia Bank	1	$3.6M
RiverBank	1	$3.6M
HEDCO Local Development Corporation	1	$3.5M
Mortgage Capital Development Corporation	4	$3.4M

Geography

Where these loans were made

State	Loans	Share
California	51
Texas	22
Massachusetts	17
Florida	14
Puerto Rico	12
Vermont	7
Arizona	7
New Jersey	6

Approvals by fiscal year

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
16%
$50K - $150K
14%
$150K - $350K
32%
$350K - $1M
23%
$1M - $2M
8%
Over $2M
7%

Nearby

Other utilities industries

See the sector

Water Supply and Irrigation Systems517 · $150,000 Natural Gas Distribution87 · $250,000 Electric Power Distribution73 · $250,000 Other Electric Power Generation59 · $220,000 Sewage Treatment Facilities47 · $225,000 Other Electric Power Generation41 · $1,305,000

Common questions

How much do SBA lenders typically lend to a solar electric power generation business?: The median SBA approval in NAICS 221114 is $226,500, with the middle 80% of loans between $25,000 and $1,251,000. Across all industries the median is $180,000.
Which lenders are most active in solar electric power generation?: By dollars approved: Newtek Bank, Georgia's Own Credit Union, Bay Colony Development Corporation, Seacoast National Bank, Granite State Economic Development Corporation. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is solar electric power generation considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.1% were charged off, versus 7.6% across all SBA lending. That is close to average.

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