Electrical
Contractors
Small Business Owner Resource
SBA 7(a) lending intel on SBAmatch is designed to help Small Business Owners avoid the mistake of applying with the wrong lender. Every lender is different, and matching to the right one with the highest probability of approving an SBA loan will save countless headaches.
Below is the most recent lending data for the Electrical Contractor industry.
2021 Loans:
Lenders: 176
Approvals: 471
Amounts: $241M
Average: $512,665
2022 Loans:
Lenders: 162
Approvals: 597
Amounts: $227M
Average: $380,143
All-Time Loans:
Lenders: 1,272
Approvals: 15,015
Amounts: $2.8B
Average: $189,018
Electrical Contractors Industry Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Electrical Contractors Industry Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
60%
of all SBA Lenders of all time have never approved an SBA loan over $1 Million.
We can find the right one for you; for free. LEARN MORE.
Byline Bank Is A Top-Ranked Lender For Electrical Contractors
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Resources:
NAICS INDUSTRY
Our SBA 7a lending information is based on Electrical Contractors NACIS codes 235310 and 238210.
The NAICS website describes this industry as:
This industry comprises establishments primarily engaged in installing and servicing electrical wiring and equipment. Contractors included in this industry may include both the parts and labor when performing work. These contractors may perform new work, additions, alterations, maintenance, and repairs.
Illustrative Examples:
Airport runway lighting contractors
Fiber optic cable (except transmission line) contractors
Alarm system (e.g., fire, burglar), electric, installation only
Highway, street, and bridge lighting and electrical signal installation
Audio equipment (except automotive) installation contractors
Home automation system installation
Lighting system installation
Cable television hookup contractors
Telecommunications equipment and wiring (except transmission line) installation contractors
Computer and network cable installation
Traffic signal installation
Environmental control system installation
Cable splicing, electrical or fiber optic