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North Carolina · Utilities
SBA loans for utilities in North Carolina
20 loans worth $17.6M approved since FY2010 for utilities projects located in North Carolina.
Loans
20
Approved
$17.6M
Median loan
$250,000
+56% vs sector nationally
Median rate
6.00%
Jobs supported
151
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 North Carolina
| Lender | Loans | Approved | Share |
|---|---|---|---|
| First Community Bank | 4 | $10.4M | |
| First National Bank of Pennsylvania | 3 | $3.4M | |
| Citizens Bank | 1 | $1.2M | |
| BayFirst National Bank | 2 | $600K | |
| First Horizon Bank | 2 | $350K | |
| Southern Bank and Trust Company | 1 | $350K | |
| Northeast Bank | 1 | $350K | |
| United Community Bank | 1 | $250K |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for utilities in North Carolina since FY2010 was $250,000. 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.
All SBA lending in North Carolina
21,235 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 North Carolina?
- 20 SBA loans totalling $17,560,000 have been approved for utilities projects in North Carolina since FY2010.
- Which lenders finance utilities in North Carolina?
- The most active by dollars approved are First Community Bank, First National Bank of Pennsylvania, Citizens Bank, BayFirst National Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for utilities in North Carolina?
- The median approval is $250,000, 56% above the national median for this sector ($160,000).
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