SBA lending by industry
Utilities
SBA lenders funded 613 7(a) and 504 loans in Utilities, totaling $388.7M at an average of $634K 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, as of 2026-03-31
NAICS sector
22
Funded loans
613
Total volume
$388.7M
Average loan size
$634K
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 |
| Enterprise Bank & Trust | 3 | $9.6M |
| Fifth Third Bank | 9 | $6.2M |
| Manufacturers and Traders Trust Company | 15 | $6.1M |
| Georgia's Own Credit Union | 3 | $6.0M |
| U.S. Bank, National Association | 11 | $5.9M |
Where Utilities loans go
| State | Loans | Total volume |
|---|---|---|
| California | 74 | $57.3M |
| Massachusetts | 49 | $41.8M |
| Texas | 70 | $33.0M |
| Florida | 48 | $30.3M |
| Georgia | 16 | $21.7M |
| New Jersey | 14 | $13.2M |
| Vermont | 11 | $12.5M |
| Arizona | 17 | $11.3M |
Utilities SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 3 | $691K |
| 2011 | 8 | $15.1M |
| 2012 | 16 | $23.4M |
| 2013 | 11 | $17.8M |
| 2014 | 4 | $3.4M |
| 2015 | 6 | $5.6M |
| 2016 | 5 | $6.3M |
| 2017 | 2 | $2.1M |
| 2018 | 6 | $8.5M |
| 2019 | 4 | $3.0M |
| 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 |
Sources and disclaimer. Figures are computed from the
U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.