SBA lending by industry
Utilities
SBA lenders funded 1,078 7(a) and 504 loans in Utilities since FY2010, totaling $553.3M at an average of $513K per loan. The most active lender in this sector is Newtek Bank, National Association, and the most funding goes to California.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Do you qualify as a small business here?
To use an SBA loan, your business has to count as small under the SBA size standard for its specific NAICS code. In Utilities, standards are generally based on your average annual receipts (revenue), but the exact threshold is set per 6-digit NAICS code and varies within the sector, so check yours with the official tool. Our eligibility guide explains the rest.
Check your SBA size standardMost active SBA lenders in Utilities
| Lender | Loans | Total volume |
|---|---|---|
| Newtek Bank, National Association | 19 | $35.5M |
| Bay Colony Development Corporation | 13 | $25.0M |
| Granite State Economic Development Corporation | 23 | $22.4M |
| Byline Bank | 17 | $18.9M |
| First Community Bank | 5 | $11.0M |
| Live Oak Banking Company | 5 | $10.7M |
| U.S. Bank, National Association | 30 | $10.6M |
| Manufacturers and Traders Trust Company | 33 | $10.2M |
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Where Utilities loans go
| State | Loans | Total volume |
|---|---|---|
| California | 126 | $75.6M |
| Texas | 120 | $50.1M |
| Massachusetts | 64 | $47.1M |
| Florida | 72 | $45.9M |
| Georgia | 23 | $26.1M |
| New Jersey | 24 | $18.3M |
| North Carolina | 20 | $17.6M |
| Illinois | 32 | $17.5M |
Utilities SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 57 | $18.1M |
| 2011 | 44 | $43.6M |
| 2012 | 54 | $41.6M |
| 2013 | 47 | $30.1M |
| 2014 | 57 | $20.3M |
| 2015 | 46 | $12.8M |
| 2016 | 58 | $23.4M |
| 2017 | 54 | $16.0M |
| 2018 | 69 | $26.3M |
| 2019 | 44 | $18.3M |
| 2020 | 63 | $28.7M |
| 2021 | 102 | $62.4M |
| 2022 | 88 | $35.5M |
| 2023 | 63 | $31.6M |
| 2024 | 102 | $67.7M |
| 2025 | 111 | $71.4M |
| 2026 | 19 | $5.4M |
SBA lending in Utilities: frequently asked questions
How much SBA lending goes to Utilities?
SBA lenders funded 1,078 7(a) and 504 loans in Utilities totaling $553.3M in the public SBA data (as of 2026-03-31), an average of $513K per loan.
Who is the most active SBA lender for Utilities?
Newtek Bank, National Association is the most active SBA lender in the Utilities sector in the public data, by funded volume.
Which states get the most SBA lending in Utilities?
The most SBA funding for Utilities goes to California.