Best SBA 7(a) lenders for solar electric power generation
NAICS 221114 — Solar Electric Power Generation.
122 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $69.6M.
Loans
122
Total $
$69.6M
Avg loan
$570K
Avg rate
9.69%
Avg term
117 mo
Industry chg-off rate
8.93%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 13 | $270K | $21K | 11.81% | 14.29% |
| 2 | Northeast Bank | 9 | $1.4M | $155K | 10.61% | — |
| 3 | Celtic Bank Corporation | 6 | $2.3M | $375K | 9.63% | 50.00% |
| 4 | Cadence Bank | 6 | $1.5M | $251K | 8.50% | 0.00% |
| 5 | Oriental Bank | 6 | $2.0M | $342K | 8.88% | 0.00% |
| 6 | BayFirst National Bank | 6 | $855K | $143K | 11.33% | 50.00% |
| 7 | Newtek Bank, National Association | 5 | $14.9M | $3.0M | 11.20% | — |
| 8 | Readycap Lending, LLC | 5 | $1.5M | $300K | 11.80% | 0.00% |
| 9 | Lendistry SBLC, LLC | 3 | $853K | $284K | 12.00% | — |
| 10 | Georgia's Own Credit Union | 3 | $6.0M | $2.0M | 5.49% | 0.00% |
| 11 | KeyBank National Association | 3 | $1.1M | $355K | 10.29% | 33.33% |
| 12 | CDC Small Business Finance Corp. | 3 | $409K | $136K | 10.75% | 0.00% |
| 13 | The First Bank and Trust Company | 3 | $1.1M | $382K | 4.88% | 0.00% |
| 14 | Webster Bank National Association | 3 | $1.0M | $342K | 9.58% | 0.00% |
| 15 | Mountain America FCU | 2 | $675K | $337K | 11.38% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 221114. Charge-off rates are calculated on the FY2020–FY2023 cohort only.