Best Electrical Contractors SBA Lenders of 2026

Compare the top 186 SBA lenders for Electrical Contractors businesses. $356.2M funded in 2025. Average rate 10.31%. Get matched free.

Table of Contents

Best Electrical Contractors SBA Lenders of 2026

$356.2M
Total Funded

884
Loans Approved

$403K
Avg Loan Size

10.31%
Avg Interest Rate

186
Active Lenders

SBA Loans for Electrical Contractors Businesses

The Electrical Contractors industry received $356.2M in SBA 7(a) loans across 884 businesses in 2025. With 186 lenders actively funding this industry, finding the right bank can make a significant difference in your rates and approval odds.

Working with an experienced SBA loan broker who understands the Electrical Contractors industry can help you access lenders that specialize in your business type.

💡 Key Insight: The average SBA loan for Electrical Contractors businesses is $403K with an average rate of 10.31%. Lenders who specialize in this industry often offer better terms and faster approvals.

SBA Loans by Business Type

Here’s how SBA 7(a) loans break down for Electrical Contractors businesses by business stage:

🚀 Startups
23%
$50.7M • 199 loans

🏢 Existing Businesses
70%
$205.7M • 617 loans

🔄 Business Acquisitions
8%
$99.3M • 67 loans

Top 50 SBA Lenders for Electrical Contractors (2025)

These are the banks that funded the most SBA 7(a) loan volume to Electrical Contractors businesses, ranked by total volume:

RankLenderVolumeLoansAvg Rate
1 First Internet Bank of Indiana$17.0M109.95%
2 The Huntington National Bank$16.8M469.68%
3 Readycap Lending, LLC$15.3M3511.91%
4 Northeast Bank$14.8M7510.92%
5 First Bank of the Lake$14.1M810.41%
6 JPMorgan Chase Bank, National Association$13.6M3910.11%
7 Newtek Bank, National Association$12.2M2910.67%
8 U.S. Bank, National Association$10.1M8910.65%
9 Wells Fargo Bank National Association$7.5M2511.46%
10 Dogwood State Bank$7.0M69.38%
11 Brookline Bank, a Division of Beacon Bank and Trust$6.7M49.75%
12 The Bancorp Bank National Association$6.1M48.81%
13 Port 51 Lending LLC$5.7M49.81%
14 United Midwest Savings Bank National Association$5.7M1710.21%
15 Metro City Bank$5.2M28.25%
16 Live Oak Banking Company$5.1M1110.06%
17 Bank of America, National Association$5.0M147.21%
18 Harvest Small Business Finance, LLC$4.6M610.04%
19 First Oklahoma Bank$4.5M29.00%
20 Lendistry SBLC, LLC$4.4M2112.10%
21 Cadence Bank$4.4M710.18%
22 First Bank$4.2M29.63%
23 Merchants Bank of Indiana$4.2M39.67%
24 Gulf Coast Bank and Trust Company$4.2M310.92%
25 Coastal States Bank$4.0M19.75%
26 America First FCU$4.0M17.25%
27 Climate First Bank$3.9M29.00%
28 The Citizens National Bank of Bluffton$3.8M18.00%
29 Capital Community Bank$3.7M110.00%
30 Truist Bank$3.5M29.50%
31 Pathward National Association$3.4M29.63%
32 TD Bank, National Association$3.4M3910.66%
33 BancFirst$3.4M37.83%
34 BayFirst National Bank$3.4M2312.17%
35 Manufacturers and Traders Trust Company$3.3M3511.19%
36 Enterprise Bank & Trust$3.3M28.63%
37 Zions Bank, A Division of$3.2M1610.48%
38 Community Bank & Trust-West Georgia$2.9M210.13%
39 Mission Bank$2.9M210.25%
40 Citizens Community Federal National Association$2.8M19.75%
41 VelocitySBA, LLC$2.6M310.33%
42 Riverside Bank of Dublin$2.6M29.88%
43 American Momentum Bank$2.5M19.50%
44 First United Bank and Trust Company$2.3M19.50%
45 Atlantic Union Bank$2.2M39.92%
46 Banc of California$2.2M37.75%
47 Glacier Bank$2.1M38.00%
48 Celtic Bank Corporation$2.1M1110.73%
49 Regions Bank$2.1M38.77%
50 Grasshopper Bank National Association$2.0M510.75%

🚀 Best Lenders for Electrical Contractors Startups

Starting a new electrical contractors business? These lenders funded the most startup loans in this industry:

RankLenderStartup VolumeLoansAvg Rate
1 Readycap Lending, LLC$6.9M39.75%
2 First Bank of the Lake$4.8M39.33%
3 America First FCU$4.0M17.25%
4 United Midwest Savings Bank National Association$3.5M1510.22%
5 U.S. Bank, National Association$2.5M2810.99%
6 First Internet Bank of Indiana$2.0M210.25%
7 Port 51 Lending LLC$1.8M29.25%
8 Atlantic Union Bank$1.7M110.25%
9 Community Bank & Trust-West Georgia$1.6M110.00%
10 Texas Capital Bank$1.4M16.50%

🔄 Best Lenders for Electrical Contractors Acquisitions

Looking to buy an existing electrical contractors business? These lenders specialize in acquisition financing:

RankLenderAcquisition VolumeLoansAvg Rate
1 First Internet Bank of Indiana$13.1M710.04%
2 The Huntington National Bank$7.9M69.17%
3 Brookline Bank, a Division of Beacon Bank and Trust$6.1M29.75%
4 Dogwood State Bank$5.8M39.25%
5 First Oklahoma Bank$4.3M19.00%
6 Coastal States Bank$4.0M19.75%
7 Climate First Bank$3.9M29.00%
8 The Citizens National Bank of Bluffton$3.8M18.00%
9 Capital Community Bank$3.7M110.00%
10 Port 51 Lending LLC$2.9M110.25%

🏢 Best Lenders for Existing Electrical Contractors Businesses

Already running an established electrical contractors business? These lenders have funded the most loans to existing businesses in your industry:

RankLenderVolumeLoansAvg Rate
1 Northeast Bank$14.1M6810.91%
2 JPMorgan Chase Bank, National Association$12.9M3610.05%
3 Newtek Bank, National Association$11.7M2610.71%
4 First Bank of the Lake$9.3M511.05%
5 Readycap Lending, LLC$7.9M3112.18%
6 The Huntington National Bank$7.9M339.76%
7 U.S. Bank, National Association$7.7M6110.49%
8 Wells Fargo Bank National Association$7.2M78.01%
9 Metro City Bank$5.2M28.25%
10 Lendistry SBLC, LLC$4.4M2112.10%

Top States for Electrical Contractors SBA Loans

Here are the states with the highest SBA lending volume for Electrical Contractors businesses:

RankStateVolumeLoans
1 California$36.0M106
2 Colorado$27.4M43
3 North Carolina$20.9M22
4 Florida$20.3M50
5 Texas$17.8M56
6 Utah$16.3M22
7 Georgia$15.5M14
8 New York$13.7M49
9 Ohio$11.8M29
10 New Jersey$10.5M19
11 Indiana$10.3M21
12 Arizona$9.2M13
13 New Mexico$9.2M8
14 Pennsylvania$8.8M23
15 Oklahoma$8.2M8
16 Wisconsin$7.9M8
17 Illinois$7.7M31
18 Missouri$7.5M18
19 Minnesota$7.4M20
20 New Hampshire$6.8M15
21 Idaho$6.6M17
22 Nevada$6.3M20
23 Tennessee$5.6M15
24 Vermont$5.4M7
25 Oregon$5.0M15
26 Washington$4.7M27
27 Puerto Rico$4.4M8
28 Connecticut$4.4M22
29 Massachusetts$4.1M36
30 Michigan$3.8M21
31 Alabama$3.3M8
32 South Carolina$3.2M11
33 Arkansas$3.1M5
34 Kentucky$2.8M8
35 Montana$2.5M7
36 Maryland$2.5M12
37 Louisiana$2.0M8
38 Virginia$2.0M15
39 District of Columbia$2.0M4
40 Maine$1.9M4
41 Kansas$1.7M7
42 Nebraska$1.2M4
43 North Dakota$1.1M2
44 Rhode Island$1.1M3
45 Iowa$513K8
46 Mississippi$505K2
47 Delaware$485K6
48 Alaska$460K1
49 South Dakota$443K2
50 West Virginia$150K1

Top Cities for Electrical Contractors SBA Loans

Mooresville, Nc

$8.6M
Volume

4
Loans

Phoenix, Az

$7.5M
Volume

4
Loans

Woods Cross, Ut

$6.8M
Volume

3
Loans

Rice Lake, Wi

$6.6M
Volume

2
Loans

Albuquerque, Nm

$6.3M
Volume

2
Loans

Las Vegas, Nv

$6.1M
Volume

15
Loans

Springfield, Mo

$5.5M
Volume

6
Loans

Berlin, Nh

$5.5M
Volume

4
Loans

Denver, Co

$5.2M
Volume

7
Loans

Saint George, Ut

$4.9M
Volume

3
Loans

Eden, Ga

$4.8M
Volume

1
Loans

Wiggins, Co

$4.7M
Volume

3
Loans

South Burlington, Vt

$4.6M
Volume

2
Loans

Tulsa, Ok

$4.5M
Volume

2
Loans

Rexburg, Id

$4.0M
Volume

1
Loans

Butler, Pa

$4.0M
Volume

2
Loans

🤝 Why Use an SBA Broker for Electrical Contractors Loans?

GoSBA Loans has extensive experience financing Electrical Contractors businesses:

  • Industry expertise — we know which lenders specialize in Electrical Contractors
  • Access to 186+ lenders — including banks that don’t accept direct applications
  • Better rates — our relationships help secure competitive terms
  • Faster approvals — proper preparation leads to quicker decisions
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Electrical Contractors SBA Loan

Our team specializes in SBA financing for Electrical Contractors businesses. Let us match you with the right lender for your specific needs.

Need SBA financing for your Electrical Contractors business? GoSBA Loans specializes in SBA loans for Electrical Contractors businesses. Contact our industry specialists today for a free consultation.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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