The data
1,052,071 SBA loans.
$507.10B approved.
Every 7(a) and 504 approval the SBA has published since fiscal 2010, restructured so you can answer the only question that matters: who actually funds businesses like mine, and on what terms? This is federal data - checkable, citable, and free of anyone’s sales pitch.
Loans approved
1,052,071
FY2010 onward
Gross approved
$507.10B
Median loan
$180,000
Median 7(a) rate
6.75%
Initial note rate
Median term
10 yr
Jobs supported
11,173,692
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Sixteen years
SBA approvals by fiscal year
Gross approval dollars across the 7(a) and 504 programs. The final bar is a partial fiscal year.
In FY2025, the last complete fiscal year in this extract, approvals rose 19.3% in dollars and rose 11.3% in loan count against the year before.
Where the dollars sit
Loan size distribution
- Under $50K21%
- $50K - $150K22%
- $150K - $350K22%
- $350K - $1M21%
- $1M - $2M8%
- Over $2M5%
Half of all SBA loans are under $180,000. The programme is far more weighted to small working-capital notes than its reputation for big real-estate deals suggests.
Four ways in
Explore the record
Every cut below is generated from the same loan-level federal file. Nothing here is modelled, estimated, or supplied by a lender.
1,519 lenders
By lender
Volume, median loan, median rate, and charge-off record for every bank and CDC.
Explore56 states
By state
Who lends where, how much they approve, and the local median loan.
Explore899 industries
By industry
NAICS-level approval volume, loan sizes, and the lenders most active in each.
Explore1,651 brands
By franchise
What lenders actually financed for each franchise brand, and at what size.
ExploreConcentration
The ten largest SBA lenders
Ranked by gross approval dollars since FY2010. Ranking is computed from the data and cannot be bought.
| # | Lender | Approved | Loans | Median loan | Median rate | Share |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | $23.10B | 17,770 | $850,000 | 6.25% | |
| 2 | The Huntington National Bank | $19.51B | 82,278 | $60,700 | 6.50% | |
| 3 | Wells Fargo Bank | $17.43B | 56,773 | $25,000 | 7.75% | |
| 4 | U.S. Bank | $10.67B | 43,737 | $40,000 | 7.75% | |
| 5 | JPMorgan Chase Bank | $8.49B | 44,082 | $95,000 | 7.40% | |
| 6 | Celtic Bank Corporation | $7.18B | 14,117 | $150,000 | 7.00% | |
| 7 | Byline Bank | $7.16B | 6,400 | $738,000 | 6.25% | |
| 8 | Mortgage Capital Development Corporation | $6.63B | 5,715 | $771,000 | 10.25% | |
| 9 | Newtek Small Business Finance, Inc. | $6.00B | 8,402 | $345,000 | 6.50% | |
| 10 | Newtek Bank | $5.68B | 13,752 | $200,000 | 11.00% |
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Geography
Where SBA capital goes
Gross approvals by the state where the project sits.
Industry
Sectors by approval volume
- Restaurants & Hotels137,471 · $91.65B
- Health Care105,632 · $57.09B
- Retail91,542 · $50.11B
- Other Services97,019 · $39.63B
- Professional Services101,046 · $36.91B
- Construction115,753 · $35.99B
- Wholesale52,654 · $32.28B
- Arts & Recreation33,312 · $17.48B
- Administrative & Waste50,340 · $15.30B
- Real Estate25,262 · $15.09B
- Transportation49,317 · $13.29B
- Manufacturing21,271 · $11.41B
Franchise
Most-financed franchise brands
- Subway1,995 · $189,500 med.
- The UPS Store1,642 · $261,600 med.
- Anytime Fitness1,135 · $333,600 med.
- Quality Inn990 · $2,186,500 med.
- Jimmy John's884 · $391,000 med.
- Ace Hardware808 · $546,850 med.
- Days Inn804 · $1,755,500 med.
- Best Western778 · $2,401,500 med.
- The Goddard School700 · $1,360,100 med.
- Servpro654 · $270,000 med.
- Firehouse Subs617 · $288,000 med.
- Primrose Schools583 · $2,000,000 med.
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