SBA Loans for Electric Power Distribution: Top Lenders & Recent Approvals
NAICS 221NAICS 221 covers electric power distribution businesses. Based on historical SBA 7(a) lending data.
Total Approvals
89
for Electric Power Distribution
Median Loan Size
$163,300
per approval
Recent Activity
4
last 90 days through Aug 2025
NAICS 221 covers electric power distribution businesses. This is a smaller category in SBA 7(a) lending with 89 approvals on record and a median loan size of $163,300.
Key trends & insights
- SBA lending to electric power distribution businesses grew 25% year-over-year — from 28 to 35 approvals.
- THE Huntington National Bank leads this industry with 10 approvals (18% market share) and a median loan of $50,000.
- Loan sizes vary dramatically by location — the median in Arizona ($562,350) is 22.0x higher than California ($25,600).
- Electric Power Distribution loans skew smaller than the SBA average at $163,300 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Lending trends for Electric Power Distribution
Top lenders by historical volume
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 10 | $50,000 | |
| 2 | 7 | $15,000 | |
| 3 | 3 | $150,000 | |
| 4 | 3 | $150,000 | |
| 5 | 3 | $25,000 | |
| 6 | 3 | $250,000 | |
| 7 | 2 | $233,100 | |
| 8 | 2 | $180,000 | |
| 9 | 2 | $150,000 | |
| 10 | 2 | $500,000 | |
| 11 | 2 | $150,000 | |
| 12 | 2 | $25,600 | |
| 13 | 2 | $624,700 | |
| 14 | 2 | $410,000 | |
| 15 | 2 | $175,000 | |
| 16 | 2 | $780,000 | |
| 17 | 2 | $50,000 | |
| 18 | 2 | $500,000 | |
| 19 | 1 | $250,000 | |
| 20 | 1 | $3,064,900 |
Recent SBA 7(a) approvals for Electric Power Distribution
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Stone Bank | Sci*****nc. | BUFORD, GA | $250,000 |
| 2025-08 | First Bank & Trust | BMH*****LLC | BROOKINGS, SD | $544,800 |
| 2025-08 | Newtek Bank, National Association | Hun*****LLC | OCALA, FL | $350,000 |
| 2025-06 | Northeast Bank | Bet*****LLC | Alva, FL | $150,000 |
| 2025-03 | Bank of Clarke | BOW*****LLC | North Fort Myers, FL | $1,250,000 |
| 2025-03 | Hancock Whitney Bank | J J*****LLC | TALLAHASSEE, FL | $163,300 |
| 2025-03 | Northeast Bank | Sci*****nc. | Buford, GA | $500,000 |
| 2025-03 | Zions Bank, A Division of | MUN*****NC. | SUGAR LAND, TX | $150,000 |
| 2025-02 | U.S. Bank, National Association | ENE*****INC | WAUPACA, WI | $350,000 |
| 2025-02 | Northeast Bank | TRI*****LLP | CADIZ, KY | $150,000 |
| 2025-02 | BankNewport | Fle*****Inc | JOHNSTON, RI | $60,000 |
| 2025-02 | BOKF, National Association | ASR*****LLC | MESA, AZ | $500,000 |
| 2025-01 | Lendistry SBLC, LLC | GRE*****LLC | LOGAN, UT | $300,000 |
| 2025-01 | Meredith Village Savings Bank | Hyd***** PC | MEREDITH, NH | $50,000 |
| 2024-11 | Integro Bank | Obo*****LLC | Phoenix, AZ | $625,000 |
| 2024-10 | BayFirst National Bank | GRE*****NC. | LONGWOOD, FL | $150,000 |
| 2024-08 | Newtek Bank, National Association | REC*****LLC | Las Vegas, NV | $780,000 |
| 2024-08 | VelocitySBA, LLC | Blu*****LLC | AMARILLO, TX | $154,000 |
| 2024-08 | Pathward National Association | Rai*****ago | LOMBARD, IL | $611,000 |
| 2024-08 | United Midwest Savings Bank National Association | Wal*****LLC | ORLANDO, FL | $285,000 |
| 2024-07 | Readycap Lending, LLC | DAP*****LLC | BURTONSVILLE, MD | $50,000 |
| 2024-06 | JPMorgan Chase Bank, National Association | SUP*****LLC | HOUSTON, TX | $150,000 |
| 2024-06 | Wells Fargo Bank National Association | SLS*****LLC | ROYAL PALM BEACH, FL | $20,000 |
| 2024-04 | Meridian Bank | Sci*****nc. | BUFORD, GA | $1,444,500 |
| 2024-04 | Wells Fargo Bank National Association | HOY*****LLC | INDIO, CA | $25,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Activity by state
State-by-state breakdown
| # | State | Approvals |
|---|---|---|
| 1 | Florida | 12 |
| 2 | Texas | 11 |
| 3 | California | 9 |
| 4 | Massachusetts | 7 |
| 5 | Arizona | 6 |
| 6 | Indiana | 5 |
| 7 | Ohio | 4 |
| 8 | Georgia | 4 |
| 9 | New Jersey | 3 |
| 10 | New York | 3 |
| 11 | Michigan | 2 |
| 12 | Puerto Rico | 2 |
| 13 | Virginia | 2 |
| 14 | Wisconsin | 2 |
| 15 | Tennessee | 1 |
| 16 | Utah | 1 |
| 17 | Arkansas | 1 |
| 18 | West Virginia | 1 |
| 19 | Idaho | 1 |
| 20 | Illinois | 1 |
| 21 | Kentucky | 1 |
| 22 | Maryland | 1 |
| 23 | Minnesota | 1 |
| 24 | Nebraska | 1 |
| 25 | New Hampshire | 1 |
SBA loans for Electric Power Distribution by state
Frequently asked questions about SBA loans for Electric Power Distribution
Who are the top SBA lenders for Electric Power Distribution?▾
Based on historical SBA 7(a) data, the most active lenders for Electric Power Distribution (NAICS 221) include THE Huntington National Bank, Wells Fargo Bank, National Association, Bayfirst National Bank, and 17 more. THE Huntington National Bank leads with 10 approved loans.
What is the typical SBA loan size for Electric Power Distribution?▾
The median SBA 7(a) loan amount for Electric Power Distribution businesses is $163,300, based on 89 total approved loans in the dataset.
Which states have the most SBA lending activity for Electric Power Distribution?▾
Florida leads with 12 SBA 7(a) approvals for Electric Power Distribution, followed by Texas (11) and California (9).
How do I find the best SBA lender for my electric power distribution business?▾
Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 221. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.
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