SBA data · Puerto Rico
SBA lending in Puerto Rico
8,959 loans worth $1.44B have been approved for Puerto Rico projects since FY2010 - the #45 state by SBA dollars, 0.3% of the national total.
State rank
#45
by dollars approved
Approved
$1.44B
FY2010 onward
Loans
8,959
Median loan
$69,000
-62% vs national
Median 7(a) rate
8.25%
Jobs supported
95,048
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.
Who lends here
The most active SBA lenders in Puerto Rico
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in PR | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico | $564.4M | 4,763 | $118,489 | |
| 2 | Oriental Bank | $200.3M | 1,427 | $140,398 | |
| 3 | FirstBank Puerto Rico | $166.4M | 1,230 | $135,307 | |
| 4 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | $164.3M | 501 | $327,856 | |
| 5 | PYMES Financial Partners, Inc. | $132.7M | 315 | $421,279 | |
| 6 | Marketing Small Business Finance Corporation | $96.7M | 268 | $360,802 | |
| 7 | Economic Development Bank for Puerto Rico | $63.3M | 404 | $156,790 | |
| 8 | Live Oak Banking Company | $22.1M | 10 | $2,211,000 | |
| 9 | BayFirst National Bank | $6.0M | 5 | $1,201,000 | |
| 10 | Paragon Bank | $4.0M | 1 | $4,000,000 | |
| 11 | First Bank of the Lake | $4.0M | 2 | $1,984,500 | |
| 12 | T Bank | $3.7M | 1 | $3,715,000 |
By sector in Puerto Rico
- Health Care1,959 · $281.5M
- Retail1,331 · $202.6M
- Restaurants & Hotels992 · $180.1M
- Wholesale585 · $123.5M
- Professional Services798 · $119.7M
- Construction539 · $77.7M
- Manufacturing365 · $65.4M
- Other Services614 · $61.8M
- Administrative & Waste278 · $41.1M
- Transportation159 · $32.8M
- Education130 · $29.8M
- Real Estate128 · $22.0M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Puerto Rico. The final bar is a partial fiscal year.
Loan sizes in Puerto Rico
- Under $50K40%
- $50K - $150K31%
- $150K - $350K20%
- $350K - $1M7%
- $1M - $2M2%
- Over $2M1%
SBA lending in Puerto Rico: common questions
- How many SBA loans are approved in Puerto Rico?
- 8,959 SBA 7(a) and 504 loans totalling $1,442,258,800 have been approved for projects in Puerto Rico since fiscal year 2010, ranking it #45 among states and territories by dollars approved - 0.3% of all SBA lending nationally.
- Which lenders make the most SBA loans in Puerto Rico?
- By dollars approved in Puerto Rico, the most active lenders are Banco Popular de Puerto Rico, Oriental Bank, FirstBank Puerto Rico, Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC), PYMES Financial Partners, Inc.. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Puerto Rico?
- The median gross approval in Puerto Rico is $69,000, 62% below the national median of $180,000. Half of all loans in the state fall between $10,000 and $337,500.
- Do I need to use a lender based in Puerto Rico?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Puerto Rico, wherever they are headquartered.
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.
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