SBA Loans for Electric Power Distribution in New York: Top Lenders
NAICS 221NAICS 221 covers electric power distribution businesses in New York. Based on historical SBA 7(a) lending data.
Total Approvals
3
in New York
Median Loan Size
$100,000
per approval
Recent Activity
0
last 90 days through Oct 2023
NAICS 221 covers electric power distribution businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $100,000.
Key trends & insights
- Electric Power Distribution in New York lending is concentrated — Chemung Canal Trust Company, Manufacturers AND Traders Trust Company, TD Bank, National Association together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Chemung Canal Trust Company leads this industry with 1 approvals (33% market share) and a median loan of $350,000.
- Electric Power Distribution in New York loans skew smaller than the SBA average at $100,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2023-10-04 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Electric Power Distribution in New York
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $350,000 | |
| 2 | 1 | $100,000 | |
| 3 | 1 | $25,000 |
Recent SBA 7(a) approvals for Electric Power Distribution in New York
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-07 | Newtek Bank, National Association | New*****ons | Ronkonkoma, NY | $5,000,000 |
| 2023-10 | Manufacturers and Traders Trust Company | LIL*****NC. | SOUTHAMPTON, NY | $100,000 |
| 2023-09 | TD Bank, National Association | Al****LLC | BROOKLYN, NY | $25,000 |
| 2023-08 | TD Bank, National Association | SFE*****LLC | BROOKLYN, NY | $25,000 |
| 2023-05 | TD Bank, National Association | Pho*****nc. | ISLIP, NY | $25,000 |
| 2023-01 | TD Bank, National Association | SEA*****LLC | WADING RIVER, NY | $25,000 |
| 2022-11 | Manufacturers and Traders Trust Company | Sig*****LLC | MANORVILLE, NY | $35,000 |
| 2022-01 | Brooklyn Cooperative FCU | SUS*****LLC | BROOKLYN, NY | $35,000 |
| 2021-09 | Chemung Canal Trust Company | Plu*****LLC | VALATIE, NY | $150,000 |
| 2021-05 | Chemung Canal Trust Company | Plu*****LLC | Valatie, NY | $350,000 |
| 2021-02 | TD Bank, National Association | MAU*****NC. | Westbury, NY | $25,000 |
| 2021-02 | Manufacturers and Traders Trust Company | Pea*****LLC | Middletown, NY | $50,000 |
| 2020-12 | Hanover Community Bank | Pro*****Inc | NEW YORK, NY | $250,000 |
| 2020-10 | Chemung Canal Trust Company | Plu*****LLC | Valatie, NY | $250,000 |
| 2020-10 | Chemung Canal Trust Company | Plu*****LLC | Valatie, NY | $250,000 |
| 2020-07 | Empire State Certified Development Corporation | Plu*****LLC | Albany, NY | $250,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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