SBA lender · 7(a) program
Pathward
Pathward has approved 773 SBA loans worth $1.14B since FY2010 - the #93 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#93
0.22% of all SBA dollars
Total approved
$1.14B
FY2010 onward
Loans
773
Median loan
$875,000
+386% vs national
Median rate
9.00%
+2.25 pts vs national
Charge-off rate
5.6%
161 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 Pathward’s numbers say
Pathward sits solidly inside the SBA lending field, having approved 773 loans for a gross total of $1.14B since fiscal 2010. Its median loan of $875,000 is substantially larger than the $180,000 national median, which usually signals a focus on real-estate-backed or acquisition deals rather than small working-capital notes.
The median initial note rate across its 7(a) approvals is 9.00%, 2.25 points above 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, 5.6% were charged off, 2.0 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 20% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally - a meaningfully greater appetite for startups than the average SBA lender.
Where Pathward lends
| State | Loans | Share |
|---|---|---|
| Florida | 108 | |
| Texas | 96 | |
| California | 88 | |
| Michigan | 40 | |
| New York | 35 | |
| North Carolina | 33 | |
| Georgia | 29 | |
| Ohio | 28 |
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 Pathward
- How many SBA loans has Pathward approved?
- Pathward has approved 773 SBA loans totalling $1,138,596,200 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #93 among all SBA lenders by dollars approved.
- What is the typical Pathward SBA loan size?
- The median gross approval is $875,000, with the middle 80% of loans falling between $200,000 and $3,960,000. The national median across all SBA lenders is $180,000.
- What interest rate does Pathward charge on SBA 7(a) loans?
- The median initial note rate on Pathward's 7(a) approvals is 9.00%, 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 Pathward's SBA loan charge-off rate?
- 5.6% 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
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.