SBA Loans for Electrical Contractors: Top Lenders & Recent Approvals
NAICS 238NAICS 238 covers flooring contractors businesses. Based on historical SBA 7(a) lending data.
Total Approvals
6,222
for Electrical Contractors
Median Loan Size
$150,000
per approval
Recent Activity
442
last 90 days through Dec 2025
NAICS 238 covers flooring contractors businesses. This is one of the more actively funded industries through SBA 7(a) lending, with 6,222 approvals on record and a median loan size of $150,000.
Key trends & insights
- THE Huntington National Bank leads this industry with 158 approvals (25% market share) and a median loan of $75,800.
- Loan sizes vary dramatically by location — the median in South Dakota ($500,000) is 12.5x higher than Vermont ($40,000).
- Electrical Contractors loans skew smaller than the SBA average at $150,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Lending trends for Electrical Contractors
Top lenders by historical volume
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 158 | $75,800 | |
| 2 | 95 | $40,000 | |
| 3 | 58 | $55,000 | |
| 4 | 29 | $150,000 | |
| 5 | 29 | $75,000 | |
| 6 | 29 | $150,000 | |
| 7 | 28 | $150,000 | |
| 8 | 25 | $100,000 | |
| 9 | 22 | $20,000 | |
| 10 | 19 | $200,000 | |
| 11 | 18 | $250,000 | |
| 12 | 17 | $500,000 | |
| 13 | 17 | $700,000 | |
| 14 | 16 | $253,500 | |
| 15 | 15 | $90,000 | |
| 16 | 14 | $150,000 | |
| 17 | 14 | $275,000 | |
| 18 | 13 | $25,000 | |
| 19 | 10 | $250,000 | |
| 20 | 10 | $175,000 |
Recent SBA 7(a) approvals for Electrical Contractors
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | U.S. Bank, National Association | JAG*****LLC | TIPP CITY, OH | $2,695,000 |
| 2025-12 | Readycap Lending, LLC | Den*****LLC | Thornton, CO | $130,000 |
| 2025-12 | U.S. Bank, National Association | CIS*****INC | COPPEROPOLIS, CA | $100,000 |
| 2025-12 | Northeast Bank | Alo*****LLC | Orlando, FL | $150,000 |
| 2025-12 | Northeast Bank | Cab**** Co | GARNET VALLEY, PA | $120,000 |
| 2025-12 | The Huntington National Bank | MDG*****Ltd | MEDINA, OH | $1,185,500 |
| 2025-12 | The Huntington National Bank | BLU*****LLC | STREETSBORO, OH | $512,000 |
| 2025-12 | Stone Bank | BAI*****LLC | RICHWOOD, WV | $75,000 |
| 2025-12 | The Huntington National Bank | JK *****LLC | EAST CHINA, MI | $200,000 |
| 2025-12 | The Huntington National Bank | MDG*****Ltd | MEDINA, OH | $500,000 |
| 2025-12 | The Huntington National Bank | BLU*****LLC | STREETSBORO, OH | $100,000 |
| 2025-12 | U.S. Bank, National Association | HIG***** CO | LONG LAKE, MN | $50,000 |
| 2025-12 | Northeast Bank | Fra*****LLC | Las Vegas, NV | $300,000 |
| 2025-12 | Gesa CU | Riv*****nc. | ORTING, WA | $1,575,000 |
| 2025-12 | U.S. Bank, National Association | THE*****TED | RANCHO MURIETA, CA | $100,000 |
| 2025-12 | Live Oak Banking Company | Aar*****LLC | SOUTH HOUSTON, TX | $520,000 |
| 2025-12 | First Savings Bank | Uni*****orp | PLAINFIELD, NJ | $1,661,000 |
| 2025-12 | Columbia Bank | Z T*****LLC | SEASIDE, OR | $50,000 |
| 2025-12 | United Community Bank | New*****ion | CLARKSVILLE, TN | $500,000 |
| 2025-12 | Montana Community Development Corp. | Cov*****LLC | POST FALLS, ID | $100,000 |
| 2025-12 | Summit Bank | Pro*****LLC | PORTLAND, OR | $500,000 |
| 2025-12 | JPMorgan Chase Bank, National Association | Sey*****Llc | OMAK, WA | $20,000 |
| 2025-12 | TD Bank, National Association | Dav*****LLC | WARMINSTER, PA | $180,000 |
| 2025-12 | United Midwest Savings Bank National Association | SOU*****LLC | Hull, MA | $250,000 |
| 2025-12 | RiverBank | Sto*****LLC | DAVENPORT, WA | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Activity by state
State-by-state breakdown
| # | State | Approvals |
|---|---|---|
| 1 | California | 587 |
| 2 | Florida | 497 |
| 3 | Ohio | 491 |
| 4 | New York | 386 |
| 5 | Texas | 370 |
| 6 | Michigan | 274 |
| 7 | Pennsylvania | 253 |
| 8 | Massachusetts | 229 |
| 9 | Colorado | 210 |
| 10 | Minnesota | 178 |
| 11 | New Jersey | 177 |
| 12 | Illinois | 169 |
| 13 | Washington | 167 |
| 14 | Arizona | 140 |
| 15 | North Carolina | 129 |
| 16 | Missouri | 123 |
| 17 | Utah | 122 |
| 18 | Oregon | 115 |
| 19 | Indiana | 113 |
| 20 | Wisconsin | 107 |
| 21 | Connecticut | 106 |
| 22 | Georgia | 105 |
| 23 | Maryland | 93 |
| 24 | Tennessee | 91 |
| 25 | Idaho | 89 |
SBA loans for Electrical Contractors by state
Similar industries
Frequently asked questions about SBA loans for Electrical Contractors
Who are the top SBA lenders for Electrical Contractors?▾
Based on historical SBA 7(a) data, the most active lenders for Electrical Contractors (NAICS 238) include THE Huntington National Bank, U.s. Bank, National Association, TD Bank, National Association, and 17 more. THE Huntington National Bank leads with 158 approved loans.
What is the typical SBA loan size for Electrical Contractors?▾
The median SBA 7(a) loan amount for Electrical Contractors businesses is $150,000, based on 6,222 total approved loans in the dataset.
Which states have the most SBA lending activity for Electrical Contractors?▾
California leads with 587 SBA 7(a) approvals for Electrical Contractors, followed by Florida (497) and Ohio (491).
How do I find the best SBA lender for my electrical contractors business?▾
Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 238. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.
Find your best-fit SBA lenders
Get a personalized lender ranking based on your specific business details.
Get your lender shortlist