SBA Loans for Electric Power Distribution in Massachusetts: Top Lenders
NAICS 221NAICS 221 covers electric power distribution businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
7
in Massachusetts
Median Loan Size
$50,000
per approval
Recent Activity
0
last 90 days through Feb 2024
NAICS 221 covers electric power distribution businesses. This is a smaller category in SBA 7(a) lending with 7 approvals on record and a median loan size of $50,000.
Key trends & insights
- Electric Power Distribution in Massachusetts lending is concentrated — Webster Bank, National Association, Eastern Bank, Needham Bank together account for 86% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Webster Bank, National Association leads this industry with 2 approvals (29% market share) and a median loan of $362,500.
- Electric Power Distribution in Massachusetts loans skew smaller than the SBA average at $50,000 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 2024-02-22 — 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 Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $362,500 | |
| 2 | 2 | $92,500 | |
| 3 | 2 | $37,500 | |
| 4 | 1 | $40,000 |
Recent SBA 7(a) approvals for Electric Power Distribution in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | Eastern Bank | POW*****LLC | BROCKTON, MA | $50,000 |
| 2025-02 | TD Bank, National Association | MET*****LLC | METHUEN, MA | $720,000 |
| 2024-02 | Webster Bank National Association | TEA*****LLC | CHARLESTOWN, MA | $500,000 |
| 2024-02 | Webster Bank National Association | TEA*****LLC | CHARLESTOWN, MA | $225,000 |
| 2024-01 | Cambridge Savings Bank | Air*****LLC | BURLINGTON, MA | $50,000 |
| 2023-02 | Cambridge Savings Bank | Gre*****nc. | ARLINGTON, MA | $40,000 |
| 2022-04 | Cambridge Savings Bank | Com*****ing | MARLBOROUGH, MA | $10,000 |
| 2022-02 | Needham Bank | CLE*****LLC | SHARON, MA | $25,000 |
| 2022-02 | Needham Bank | CLE*****LLC | SHARON, MA | $50,000 |
| 2021-12 | Eastern Bank | Aqu*****LLC | Andover, MA | $150,000 |
| 2021-09 | Manufacturers and Traders Trust Company | RNG*****LLC | NEEDHAM, MA | $1,636,000 |
| 2021-04 | Eastern Bank | Cro*****LLC | BILLERICA, MA | $500,000 |
| 2021-04 | Eastern Bank | Cro*****LLC | BILLERICA, MA | $160,000 |
| 2020-04 | Eastern Bank | WAT*****CES | LAKEVILLE, MA | $25,000 |
| 2020-01 | Eastern Bank | THE*****ION | PLYMOUTH, MA | $35,000 |
| 2019-12 | Manufacturers and Traders Trust Company | RNG*****LLC | NEEDHAM, MA | $166,000 |
| 2019-12 | Manufacturers and Traders Trust Company | RNG*****LLC | NEEDHAM, MA | $75,000 |
| 2019-12 | Manufacturers and Traders Trust Company | RNG*****LLC | NEEDHAM, MA | $1,402,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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