NAICS 221122 · Utilities
SBA loans for electric power distribution
73 SBA loans worth $51.7M have been approved in this industry since FY2010 - the #767 most-financed NAICS code in the country.
Median loan
$250,000
+39% vs all industries
Typical range
$25K-$2.1M
Middle 80%
Median rate
6.50%
7(a) initial note rate
Median term
10 yr
Charge-off rate
13.3%
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 | Share |
|---|---|---|---|
| Enterprise Bank & Trust | 2 | $9.2M | |
| PNC Bank | 6 | $5.0M | |
| Truliant FCU | 1 | $4.8M | |
| East West Bank | 3 | $4.3M | |
| Byline Bank | 7 | $4.1M | |
| Ameris Bank | 1 | $3.3M | |
| Countybank | 1 | $3.1M | |
| Banc of California | 1 | $2.6M | |
| Integro Bank | 1 | $1.7M | |
| United Business Bank | 1 | $1.7M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 10 | |
| Texas | 9 | |
| Illinois | 9 | |
| Michigan | 7 | |
| New York | 7 | |
| Florida | 6 | |
| Ohio | 5 | |
| Massachusetts | 4 |
Approvals by fiscal year
’10
’11
’12
’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 $50K15%
- $50K - $150K16%
- $150K - $350K27%
- $350K - $1M23%
- $1M - $2M7%
- Over $2M11%
Nearby
Other utilities industries
Common questions
- How much do SBA lenders typically lend to a electric power distribution business?
- The median SBA approval in NAICS 221122 is $250,000, with the middle 80% of loans between $25,000 and $2,075,000. Across all industries the median is $180,000.
- Which lenders are most active in electric power distribution?
- By dollars approved: Enterprise Bank & Trust, PNC Bank, Truliant FCU, East West Bank, Byline Bank. 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 electric power distribution considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 13.3% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
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