How Much Can Solar Electric Power Generation Businesses Get in SBA Loans?
195 SBA loans totaling $107.9M have been approved for solar electric power generation businesses (NAICS 221114). The average approved SBA loan is $553K, which is 62% above avg the $340K national average. 87 active lenders fund this industry.
NAICS 221114 (Solar Electric Power Generation) received 195 SBA loans worth $107.9M across 5+ states. Average loan $553K, average term 139 months.87 active SBA-approved lenders fund this industry. Most solar electric power generation loans use the SBA 504 program. There are approximately 621 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Solar Electric Power Generation?+61% growth
Which SBA Program Do Solar Electric Power Generation Businesses Use Most?
What Is the Best SBA Loan for Solar Electric Power Generation?
16% of solar electric power generation loans use this program — ideal for real estate and major equipment purchases
Where Are Solar Electric Power Generation SBA Loans Most Common?
Top SBA Lenders for Solar Electric Power Generation
These banks have funded the most SBA loans for solar electric power generation businesses (NAICS 221114). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 16 | $345K |
| 2 | Granite State Economic Develop(NH) | 13 | $5.0M |
| 3 | BayFirst National Bank(FL) | 10 | $1.9M |
| 4 | Northeast Bank(ME) | 9 | $1.4M |
| 5 | Celtic Bank Corporation(UT) | 7 | $2.4M |
Solar Electric Power Generation Industry Context
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How Does SBA Lending Work for Solar Electric Power Generation Businesses?
Across all SBA loan programs, 195 loans have been approved for businesses classified under NAICS 221114 (Solar Electric Power Generation), representing $107.9M in total capital deployed. The average approved loan of $553K is 62% above avg the national SBA average of $340K, with typical repayment terms of 139 months.
SBA lending for solar electric power generation is accelerating — loan volume has grown approximately 61% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2024.
The industry sees a balanced mix of SBA programs, with 16% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching solar electric power generation business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Solar Electric Power Generation SBA Loans
What is the average SBA loan size for solar electric power generation businesses?
Which SBA loan program is best for a solar electric power generation business?
How many lenders fund SBA loans for solar electric power generation?
What states have the most SBA lending for solar electric power generation?
How does PeerSense help solar electric power generation businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Solar Electric Power Generation defined by NAICS code 221114. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.