2,775 SBA loans worth $548.7M went to Puerto Rico businesses between October 2021 and June 2026, from 16 lenders. Banco Popular de Puerto Rico made the most 7(a) loans, 1,648 or 66% of the state's total, and the ten most active lenders made 100%. The median 7(a) loan was $68,000, below the national median of $158,000. Health care and social assistance was the most financed industry, at 24% of loans. Annual loan count rose 16% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico Bank · San Juan, PR | 1,648 | $247.3M | $50,000 | 29% | Health care and social assistance |
| 2 | Oriental Bank Bank · San Juan, PR | 509 | $88.7M | $103,500 | 49% | Health care and social assistance |
| 3 | FirstBank Puerto Rico Bank · Santurce, PR | 252 | $57.0M | $75,000 | 31% | Health care and social assistance |
| 4 | Economic Development Bank for Puerto Rico Non-bank lender · San Juan, PR | 55 | $9.0M | $95,000 | 89% | Restaurants and hotels |
| 5 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) Non-bank lender · San Juan, PR | 14 | $1.5M | $110,100 | 64% | Restaurants and hotels |
| 6 | Cooperativa de Ahorro y Cr<ac,e>dito de Arecibo (COOPACA) Credit union · Arecibo, PR | 11 | $1.7M | $160,000 | 64% | Restaurants and hotels |
| 7 | BayFirst National Bank Bank · St. Petersburg, FL | 4 | $3.5M | $325,000 | 25% | Transportation and warehousing |
| 8 | First Bank of the Lake Bank · Osage Beach, MO | 2 | $4.0M | $1,984,500 | 0% | Construction |
| 9 | Paragon Bank Bank · Memphis, TN | 1 | $4.0M | $4,000,000 | 0% | Transportation and warehousing |
| 10 | T Bank Bank · Dallas, TX | 1 | $3.7M | $3,715,000 | 0% | Professional and technical services |
| 11 | Stone Bank Bank · Mountain View, AR | 1 | $350K | $350,000 | 0% | Retail |
| 12 | Bank Five Nine Bank · Oconomowoc, WI | 1 | $150K | $150,000 | 0% | Professional and technical services |
| 13 | Celtic Bank Bank · Salt Lake City, UT | 1 | $150K | $150,000 | 0% | Management of companies |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Marketing Small Business Finance San Juan, PR | 111 | $42.9M | $204,000 |
| 2 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) San Juan, PR | 109 | $46.3M | $243,000 |
| 3 | PYMES Financial Partners San Juan, PR | 55 | $38.5M | $461,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 677 | $81,100 | Banco Popular de Puerto Rico | |
| Retail | 388 | $77,500 | Banco Popular de Puerto Rico | |
| Restaurants and hotels | 322 | $101,000 | Banco Popular de Puerto Rico | |
| Professional and technical services | 277 | $75,000 | Banco Popular de Puerto Rico | |
| Construction | 226 | $80,000 | Banco Popular de Puerto Rico | |
| Other services (repair, personal care) | 202 | $68,250 | Banco Popular de Puerto Rico | |
| Manufacturing | 199 | $90,000 | Banco Popular de Puerto Rico | |
| Wholesale trade | 149 | $117,000 | Banco Popular de Puerto Rico | |
| Administrative and support services | 90 | $75,000 | Banco Popular de Puerto Rico | |
| Arts, entertainment and recreation | 48 | $74,650 | Banco Popular de Puerto Rico | |
| Transportation and warehousing | 48 | $60,000 | Banco Popular de Puerto Rico | |
| Real estate and rental | 46 | $109,500 | Banco Popular de Puerto Rico |
| City | Loans | Approved | Median loan | Most active lender |
|---|