SBA lender · 7(a) program
Citibank
Citibank has approved 1,937 SBA loans worth $614.4M since FY2010 - the #163 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#163
0.12% of all SBA dollars
Total approved
$614.4M
FY2010 onward
Loans
1,937
Median loan
$60,000
-67% vs national
Median rate
6.50%
-0.25 pts vs national
Charge-off rate
2.8%
1,258 resolved FY10-19 loans
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.
Reading the record
What Citibank’s numbers say
Citibank sits solidly inside the SBA lending field, having approved 1,937 loans for a gross total of $614.4M since fiscal 2010. Its median loan of $60,000 is well below the $180,000 national median, typical of a lender leaning on SBA Express and smaller working-capital facilities.
The median initial note rate across its 7(a) approvals is 6.50%, 0.25 points below the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 2.8% were charged off, 4.8 points below the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 1% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally - a book weighted toward established operators.
Where Citibank lends
| State | Loans | Share |
|---|---|---|
| New York | 780 | |
| California | 603 | |
| Florida | 173 | |
| Illinois | 153 | |
| New Jersey | 56 | |
| Maryland | 37 | |
| Connecticut | 30 | |
| Texas | 26 |
What it lends against
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.
Questions about Citibank
- How many SBA loans has Citibank approved?
- Citibank has approved 1,937 SBA loans totalling $614,430,300 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #163 among all SBA lenders by dollars approved.
- What is the typical Citibank SBA loan size?
- The median gross approval is $60,000, with the middle 80% of loans falling between $15,000 and $850,000. The national median across all SBA lenders is $180,000.
- What interest rate does Citibank charge on SBA 7(a) loans?
- The median initial note rate on Citibank's 7(a) approvals is 6.50%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is Citibank's SBA loan charge-off rate?
- 2.8% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
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