SBA acquisition loans: Utilities (NAICS 22)
13 SBA 7(a) change-of-ownership loans totaling $20.9M in FY2024 to FY2026, median $811K, from 12 lenders.
League table
National rankings Top lenders
Top 25 by number of loans, FY2024 to FY2026
| Rank | Lender | Loans | Dollars | Median | FY24–26 trend |
|---|---|---|---|---|---|
| 1 | Idaho Central CUChubbuck, ID | 2 | $5.0M | $2.5M | −100% |
| 2 | Truliant FCUWinston-Salem, NC | 1 | $4.8M | $4.8M | −100% |
| 2 | Zions BancorporationSalt Lake City, UT | 1 | $3.8M | $3.8M | new |
| 2 | City National BankLos Angeles, CA | 1 | $2.8M | $2.8M | new |
| 2 | VelocitySBA, LLCIrving, TX | 1 | $1.3M | $1.3M | −100% |
| 2 | First-Citizens Bank & Trust CompanyRaleigh, NC | 1 | $961K | $961K | new |
| 2 | PNC BankWilmington, DE | 1 | $811K | $811K | new |
| 2 | Hancock Whitney BankGulfport, MS | 1 | $631K | $631K | new |
| 2 | United Midwest Savings BankDegraff, OH | 1 | $285K | $285K | −100% |
| 2 | First Internet Bank of IndianaFishers, IN | 1 | $279K | $279K | −100% |
| 2 | Midland States BankEffingham, IL | 1 | $225K | $225K | new |
| 2 | First National Bank of PennsylvaniaGreenville, PA | 1 | $100K | $100K | new |
Ranked by number of loans; ties broken by dollars. Bars are scaled to the leader. Trend: loans per fiscal year, FY2024 to FY2026, with the change from FY2024 to FY2026.
Loan size
Deal size mix
- Under $350K4 loans · 31% · $889K
- $350K to $1M4 loans · 31% · $2.9M
- $1M to $2M1 loans · 8% · $1.3M
- $2M to $5M4 loans · 31% · $15.8M
Volume
By fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2024 | 6 | $11.6M |
| FY2025 | 1 | $100K |
| FY2026 | 6 | $9.2M |
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