Best SBA 7(a) lenders for solar electric power generation
The top SBA 7(a) lenders for solar electric power generation (NAICS 221114) are Wells Fargo Bank National Association, Northeast Bank, Celtic Bank Corporation, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 122 loans totaling $69.6M to businesses in this industry. Average loan size: $570K. Average rate: 9.69%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 8.93%.
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.