SBA Loans for Electric Power Distribution in New Jersey: Top Lenders
NAICS 221NAICS 221 covers electric power distribution businesses in New Jersey. Based on historical SBA 7(a) lending data.
Total Approvals
3
in New Jersey
Median Loan Size
$250,000
per approval
Recent Activity
0
last 90 days through Jan 2024
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 $250,000.
Key trends & insights
- SBA data for this industry goes through 2024-01-19 — 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 Jersey
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $330,000 | |
| 2 | 1 | $100,000 |
Recent SBA 7(a) approvals for Electric Power Distribution in New Jersey
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-11 | BayFirst National Bank | EDM*****.C. | CLIFTON, NJ | $150,000 |
| 2024-03 | First Bank of Central Ohio | Aqu*****LLC | Middlesex, NJ | $608,000 |
| 2024-01 | 1st Colonial Community Bank | LDW*****NC. | SICKLERVILLE, NJ | $410,000 |
| 2024-01 | 1st Colonial Community Bank | LDW*****NC. | SICKLERVILLE, NJ | $250,000 |
| 2022-06 | TD Bank, National Association | XL *****orp | SOUTH PLAINFIELD, NJ | $100,000 |
| 2022-03 | 1st Colonial Community Bank | Sun*****bal | CHERRY HILL, NJ | $350,000 |
| 2020-12 | Community Bank & Trust-West Georgia | Rum*****LLC | RUMSON, NJ | $923,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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