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Massachusetts · Utilities
SBA loans for utilities in Massachusetts
66 loans worth $48.9M approved since FY2010 for utilities projects located in Massachusetts.
Loans
66
Approved
$48.9M
Median loan
$221,500
+38% vs sector nationally
Median rate
6.25%
Jobs supported
255
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
Who lends to utilities in Massachusetts
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Bay Colony Development Corporation | 13 | $24.8M | |
| Granite State Economic Development Corporation | 8 | $8.3M | |
| Manufacturers and Traders Trust Company | 5 | $4.6M | |
| Fall River Five Cents Savings Bank d/b/a BankFive | 2 | $3.0M | |
| New England Certified Development Corporation | 3 | $1.9M | |
| Live Oak Banking Company | 1 | $1.6M | |
| Eastern Bank | 13 | $1.3M | |
| Webster Bank | 3 | $1.0M |
Detail
Which industries inside the sector
| Industry | Loans | Share |
|---|---|---|
| Water Supply and Irrigation Systems | 19 | |
| Solar Electric Power Generation | 17 | |
| Other Electric Power Generation | 13 | |
| Natural Gas Distribution | 6 | |
| Electric Power Distribution | 4 | |
| Hydroelectric Power Generation | 2 | |
| Sewage Treatment Facilities | 2 | |
| Other Electric Power Generation | 1 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for utilities in Massachusetts since FY2010 was $221,500. 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.
All SBA lending in Massachusetts
33,838 loans across every sector.
Utilities nationally
1,100 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to utilities businesses in Massachusetts?
- 66 SBA loans totalling $48,872,100 have been approved for utilities projects in Massachusetts since FY2010.
- Which lenders finance utilities in Massachusetts?
- The most active by dollars approved are Bay Colony Development Corporation, Granite State Economic Development Corporation, Manufacturers and Traders Trust Company, Fall River Five Cents Savings Bank d/b/a BankFive. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for utilities in Massachusetts?
- The median approval is $221,500, 38% above the national median for this sector ($160,000).
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