Where SBA-backed loans go

Where SBA-backed small business loans go: every 7(a) lender and 504 development company, state, county, industry and franchise brand, by fiscal year. Totals only: no borrower is named anywhere on this site.

SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.

84,840approvals, FY202578,078 7(a) · 6,762 504

$45.1bnapproved, FY2025$196.5bn in FY2021–FY2025

$190Kmedian 7(a) approval, FY2021–FY2025504: $657K

41.0approvals per 1,000 establishments, FY2021–FY2025

6.6%7(a) loans approved FY2010–FY2021 charged off504: 1.2%

Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.

Most active 7(a) lenders

Ranked by approvals in FY2021–FY2025. The bars are approvals in each fiscal year from FY2016; the last column is the share of each lender's disbursed loans from FY2010–FY2021 that SBA records as charged off. All lenders

#	Lender	Approvals, FY2021–25	Dollars	Median approval	Charged off, FY2010–21 loans
1	The Huntington National BankColumbus, OH	36,525	$9.20bn	$92K	5.7%
2	TD Bank, National AssociationWilmington, DE	14,760	$2.17bn	$50K	14.4%
3	U.S. Bank, National AssociationCincinnati, OH	12,797	$3.23bn	$45K	6.2%
4	Northeast BankLewiston, ME	10,903	$1.63bn	$106K	12.8%
5	Newtek Bank, National AssociationMiami, FL	9,910	$4.68bn	$225K	—
6	Wells Fargo Bank National AssociationSioux Falls, SD	9,747	$2.53bn	$15K	7.9%
7	Manufacturers and Traders Trust CompanyBuffalo, NY	9,021	$1.16bn	$50K	8.0%
8	Readycap Lending, LLCBerkeley Heights, NJ	9,003	$3.81bn	$138K	4.3%
9	BayFirst National BankSaint Petersburg, FL	8,937	$1.67bn	$150K	19.2%
10	Live Oak Banking CompanyWilmington, NC	7,643	$10.7bn	$850K	2.2%
11	JPMorgan Chase Bank, National AssociationColumbus, OH	7,055	$1.84bn	$200K	7.4%
12	Celtic Bank CorporationSalt Lake City, UT	4,361	$2.97bn	$150K	17.0%
13	KeyBank National AssociationCleveland, OH	4,106	$1.43bn	$75K	4.3%
14	United Midwest Savings Bank National AssociationDe Graff, OH	4,031	$1.32bn	$150K	15.9%
15	Newtek Small Business Finance, Inc.Lake Success, NY	4,003	$2.55bn	$300K	6.8%
16	Bank of America, National AssociationCharlotte, NC	3,953	$1.91bn	$300K	2.6%
17	Lendistry SBLC, LLCLos Angeles, CA	2,990	$622M	$150K	22.7%
18	Columbia BankLake Oswego, OR	2,820	$893M	$50K	7.9%
19	Zions Bank, A Division ofSalt Lake City, UT	2,678	$843M	$140K	5.9%
20	PNC Bank, National AssociationWilmington, DE	2,641	$833M	$50K	8.1%
21	Byline BankChicago, IL	2,234	$2.72bn	$806K	9.5%
22	Fifth Third BankCincinnati, OH	2,148	$1.21bn	$200K	5.5%
23	First Bank of the LakeOsage Beach, MO	2,083	$1.63bn	$350K	2.7%
24	SouthState Bank, National AssociationWinter Haven, FL	1,805	$1.18bn	$350K	2.8%
25	Harvest Small Business Finance, LLCLaguna Hills, CA	1,746	$1.85bn	$765K	0.4%

Most active 504 development companies

#	Lender	Approvals, FY2021–25	Dollars	Median approval	Charged off, FY2010–21 loans
1	Mortgage Capital Development CorporationOakland, CA · 504 CDC	2,384	$3.19bn	$913K	0.3%
2	Florida Business Development CorporationTampa, FL · 504 CDC	2,116	$2.01bn	$597K	1.2%
3	Florida First Capital Finance Corporation, Inc.Tallahassee, FL · 504 CDC	1,769	$1.90bn	$684K	1.1%
4	Business Finance CapitalLos Angeles, CA · 504 CDC	1,450	$1.87bn	$937K	0.6%
5	Empire State Certified Development CorporationLatham, NY · 504 CDC	1,395	$1.62bn	$716K	2.2%
6	Mountain West Small Business FinanceSalt Lake City, UT · 504 CDC	1,303	$1.30bn	$684K	0.6%
7	California Statewide Certified Development CorporationDavis, CA · 504 CDC	1,256	$1.52bn	$886K	0.1%
8	Granite State Economic Development CorporationPortsmouth, NH · 504 CDC	1,176	$743M	$363K	1.5%
9	WBD, Inc.Madison, WI · 504 CDC	1,149	$1.08bn	$616K	1.2%
10	CDC Small Business Finance Corp.San Diego, CA · 504 CDC	1,098	$1.31bn	$824K	0.4%

Approvals since FY1991

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526

SBA 7(a) and 504 approvals by fiscal year, FY1991 to FY2026 (FY2026 to 30 Jun 2026).

States

#	State	Approvals, FY2021–FY2025	Dollars	Per 1,000 establishments
1	California	42,016	$30.8bn	40.8
2	Florida	26,882	$16.4bn	41.6
3	Texas	24,935	$19.2bn	37.2
4	New York	20,639	$8.55bn	38.1
5	Ohio	18,439	$6.20bn	72.3
6	Michigan	12,809	$5.32bn	55.8
7	Illinois	12,417	$7.21bn	38.5
8	Pennsylvania	11,283	$5.44bn	36.7
9	New Jersey	11,132	$5.66bn	46.8
10	Georgia	10,246	$8.22bn	39.2
11	Minnesota	9,634	$4.79bn	62.4
12	Colorado	9,057	$5.84bn	49.6
13	Massachusetts	8,965	$3.35bn	48.8
14	Washington	8,905	$5.58bn	44.0
15	North Carolina	7,353	$5.37bn	28.5
16	Arizona	7,026	$4.82bn	43.1
17	Indiana	6,784	$3.39bn	43.6
18	Wisconsin	6,706	$3.98bn	46.3
19	Utah	6,449	$4.05bn	67.5
20	Virginia	5,893	$3.38bn	27.9

All 54 states and territories

Industries

#	Industry group (NAICS 4-digit)	Approvals	Share
1	Restaurants and Other Eating PlacesNAICS 7225	31,726	9.3%
2	General Freight TruckingNAICS 4841	11,266	3.3%
3	Automotive Repair and MaintenanceNAICS 8111	11,115	3.2%
4	Offices of Other Health PractitionersNAICS 6213	10,606	3.1%
5	Services to Buildings and DwellingsNAICS 5617	10,536	3.1%
6	Building Equipment ContractorsNAICS 2382	10,270	3.0%
7	Personal Care ServicesNAICS 8121	10,259	3.0%
8	Other Amusement and Recreation IndustriesNAICS 7139	9,229	2.7%
9	Residential Building ConstructionNAICS 2361	8,593	2.5%
10	Other Specialty Trade ContractorsNAICS 2389	7,657	2.2%
11	Management, Scientific, and Technical Consulting ServicesNAICS 5416	6,359	1.9%
12	Traveler AccommodationNAICS 7211	6,279	1.8%
13	Building Finishing ContractorsNAICS 2383	6,247	1.8%
14	Other Personal ServicesNAICS 8129	5,689	1.7%
15	Child Day Care ServicesNAICS 6244	5,429	1.6%
16	Other Professional, Scientific, and Technical ServicesNAICS 5419	5,385	1.6%
17	Foundation, Structure, and Building Exterior ContractorsNAICS 2381	4,931	1.4%
18	Offices of PhysiciansNAICS 6211	4,821	1.4%
19	Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412	4,755	1.4%
20	Grocery StoresNAICS 4451	4,186	1.2%

All sectors and industries

How earlier loans turned out

Share of disbursed loans that SBA records as charged off, by the fiscal year the loan was approved. Only years at least five fiscal years back are shown. What "charged off" means and why cohorts matter

7(a), approved FY2010–FY20216.6%

504, approved FY2010–FY20211.2%

Program-wide rates on the matured cohorts used across this site.

7(a) approval sizes, FY2021–FY2025

$50,000 or less24.9%75,917
$50,001 to $150,00022.9%69,983
$150,001 to $350,00019.0%57,925
$350,001 to $1 million19.4%59,244
$1 million to $2 million7.6%23,044
Over $2 million6.3%19,103

504 approval sizes, FY2021–FY2025

$50,000 or less0.1%29
$50,001 to $150,0004.5%1,691
$150,001 to $350,00020.9%7,860
$350,001 to $1 million41.1%15,449
$1 million to $2 million20.3%7,651
Over $2 million13.1%4,929

Questions and answers

Which lenders make the most SBA loans?

By 7(a) approvals in FY2021–FY2025: The Huntington National Bank (36,525), TD Bank, National Association (14,760), U.S. Bank, National Association (12,797), Northeast Bank (10,903), Newtek Bank, National Association (9,910). The largest 504 development companies were Mortgage Capital Development Corporation (2,384), Florida Business Development Corporation (2,116), Florida First Capital Finance Corporation, Inc. (1,769).

How large is a typical SBA loan?

The median 7(a) approval in FY2021–FY2025 was $190K and the median 504 approval $657K. 7(a) loans can be as large as $5 million.

What share of SBA loans are charged off?

Of 7(a) loans approved in FY2010–FY2021 and disbursed, SBA records 6.6% as charged off; for 504 loans the figure is 1.2%. Loans approved in the last five fiscal years are left out because few have had time to reach an outcome.

Which industries get the most SBA loans?

Restaurants and Other Eating Places (31,726); General Freight Trucking (11,266); Automotive Repair and Maintenance (11,115); Offices of Other Health Practitioners (10,606); Services to Buildings and Dwellings (10,536).

Does this site list the businesses that borrowed?

No. The SBA files name each borrower, but those fields are discarded when the files are read. Every figure here is a total for a lender, a place, an industry, a franchise brand or a fiscal year.