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New Jersey · Utilities
SBA loans for utilities in New Jersey
25 loans worth $16.3M approved since FY2010 for utilities projects located in New Jersey.
Loans
25
Approved
$16.3M
Median loan
$350,000
+119% vs sector nationally
Median rate
6.75%
Jobs supported
318
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 New Jersey
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Empire State Certified Development Corporation | 3 | $3.7M | |
| Granite State Economic Development Corporation | 1 | $3.4M | |
| Trenton Business Assistance Corporation | 1 | $2.6M | |
| The Bank of Princeton | 2 | $1.6M | |
| Mid Penn Bank | 4 | $1.3M | |
| FDIC - Community Bank & Trust-West Georgia | 1 | $923K | |
| First Bank of Central Ohio | 1 | $608K | |
| Magyar Bank | 1 | $593K |
Detail
Which industries inside the sector
| Industry | Loans | Share |
|---|---|---|
| Water Supply and Irrigation Systems | 9 | |
| Solar Electric Power Generation | 6 | |
| Other Electric Power Generation | 3 | |
| Electric Power Distribution | 3 | |
| Other Electric Power Generation | 2 | |
| Natural Gas Distribution | 1 | |
| Hydroelectric Power Generation | 1 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for utilities in New Jersey since FY2010 was $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.
All SBA lending in New Jersey
30,136 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 New Jersey?
- 25 SBA loans totalling $16,282,000 have been approved for utilities projects in New Jersey since FY2010.
- Which lenders finance utilities in New Jersey?
- The most active by dollars approved are Empire State Certified Development Corporation, Granite State Economic Development Corporation, Trenton Business Assistance Corporation, The Bank of Princeton. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for utilities in New Jersey?
- The median approval is $350,000, 119% above the national median for this sector ($160,000).
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