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NAICS sector 22
Utilities
1,100 SBA loans worth $570.2M across 7 industries in this sector.
Loans
1,100
Approved
$570.2M
Median loan
$160,000
Median term
10 yr
Charge-off rate
6.0%
vs 7.6% all sectors
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.
Inside the sector
All 7 industries
| Industry | NAICS | Loans | Median loan | Median rate | Charge-off | Volume |
|---|---|---|---|---|---|---|
| Water Supply and Irrigation Systems | 221310 | 517 | $150,000 | 6.75% | 4.4% | |
| Solar Electric Power Generation | 221114 | 206 | $226,500 | 9.50% | 9.1% | |
| Natural Gas Distribution | 221210 | 87 | $250,000 | 6.00% | 2.3% | |
| Electric Power Distribution | 221122 | 73 | $250,000 | 6.50% | 13.3% | |
| Other Electric Power Generation | 221118 | 59 | $220,000 | 7.75% | - | |
| Sewage Treatment Facilities | 221320 | 47 | $225,000 | 6.21% | - | |
| Other Electric Power Generation | 221119 | 41 | $1,305,000 | 6.00% | 0.0% |
Lenders
Most active in this sector
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Newtek Bank | 21 | $36.1M | |
| Bay Colony Development Corporation | 14 | $26.3M | |
| Granite State Economic Development Corporation | 24 | $22.7M | |
| Byline Bank | 17 | $18.9M | |
| Enterprise Bank & Trust | 4 | $12.0M | |
| First Community Bank | 5 | $11.0M | |
| Live Oak Banking Company | 5 | $10.7M | |
| U.S. Bank | 30 | $10.6M | |
| Manufacturers and Traders Trust Company | 36 | $10.5M | |
| Ameris Bank | 3 | $9.2M |
Approvals by fiscal year
Gross approval dollars. Final bar is a partial fiscal year.
An SBA 7(a) lender for loans this size
66% of the SBA loans approved in the utilities sector since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
By state
Utilities SBA lending in 19 states
Each state page lists the lenders and industries behind the sector's loans there. States with fewer than 20 loans in the sector have no page.
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