Lending data
Who lends to utility businesses, state by state
93 SBA 7(a) loans to utility businesses across 3 states, with the most active lender and the median loan in each.
Short answer
93 SBA 7(a) loans went to utility businesses across 3 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| Texas | 34 | $150,000 | 26% | BayFirst National Bank |
| California | 31 | $150,000 | 32% | Wells Fargo Bank |
| Florida | 28 | $225,000 | 43% | Wells Fargo Bank |
What 7(a) lending to utility businesses looks like nationally
| Measure | Utilities | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 247 | 214,102 |
| Median loan | $150,000 | $150,000 |
| 25th - 75th percentile | $75,000 - $500,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.50% | 10.25% |
| Share to startups | 32.8% | 33.6% |
| Charge-off rate, FY2010-19 | 5.5% | 7.1% |
| Jobs supported | 2,405 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loan sizes are typical. The median of $150,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- Startup share is about average, at 33% against 34% nationally.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.