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County24th of 58 in California by approvalsFIPS 06053
SBA loans in Monterey County, California
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
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.
SBA approved 268 loans to businesses in Monterey County, California, in FY2021 to FY2025, worth $214M: 229 under 7(a) and 39 under 504.
That is 29.1 approvals per 1,000 business establishments (9,212 establishments in 2023), below the California figure of 40.8 and below the national 41.0.
It ranks 24th of 58 California counties with approvals. In FY2025 there were 68, up 24% on FY2024.
59 lenders had approvals here; the most active were West Coast Community Bank (28), Monterey County Bank (19) and Wells Fargo Bank National Association (18). The most common industry was restaurants and other eating places.
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.
Lenders most active in Monterey County
By number of approvals to businesses in the county, FY2021–FY2025; 59 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | West Coast Community BankSanta Cruz, CA | 28 | $26.8M | 10.4% | |
| 2 | Monterey County BankMonterey, CA | 19 | $9.0M | 7.1% | |
| 3 | Wells Fargo Bank National AssociationSioux Falls, SD | 18 | $2.8M | 6.7% | |
| 4 | Mortgage Capital Development CorporationOakland, CA · CDC | 15 | $19.5M | 5.6% | |
| 5 | U.S. Bank, National AssociationCincinnati, OH | 15 | $5.2M | 5.6% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 10 | $21.2M | 3.7% | |
| 7 | Bay Area Employment Development CompanyConcord, CA · CDC | 9 | $7.5M | 3.4% | |
| 8 | JPMorgan Chase Bank, National AssociationColumbus, OH | 9 | $2.5M | 3.4% | |
| 9 | Lendistry SBLC, LLCLos Angeles, CA | 9 | $1.7M | 3.4% | |
| 10 | Plumas BankQuincy, CA | 8 | $6.5M | 3.0% | |
| 11 | Commonwealth Business BankLos Angeles, CA | 8 | $4.0M | 3.0% | |
| 12 | The Huntington National BankColumbus, OH | 8 | $1.6M | 3.0% | |
| 13 | Open BankLos Angeles, CA | 7 | $7.0M | 2.6% | |
| 14 | Northeast BankLewiston, ME | 7 | $1.5M | 2.6% | |
| 15 | Pinnacle BankMorgan Hill, CA | 6 | $18.5M | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 40 | 14.9% | |
| 2 | Traveler AccommodationNAICS 7211 | 11 | 4.1% | |
| 3 | Beer, Wine, and Liquor StoresNAICS 4453 | 11 | 4.1% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 10 | 3.7% | |
| 5 | Grocery StoresNAICS 4451 | 9 | 3.4% | |
| 6 | Gasoline StationsNAICS 4571 | 8 | 3.0% | |
| 7 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 7 | 2.6% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 2.6% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 2.2% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 6 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 57 | 21.3% | |
| 2 | Accommodation and Food Services | 54 | 20.1% | |
| 3 | Health Care and Social Assistance | 25 | 9.3% | |
| 4 | Construction | 21 | 7.8% | |
| 5 | Professional, Scientific, and Technical Services | 19 | 7.1% | |
| 6 | Manufacturing | 18 | 6.7% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 18 | 6.7% | |
| 8 | Other Services (except Public Administration) | 15 | 5.6% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 36 | $14.4M | $245K | 9 | $12.0M | 45 | 506 |
| FY2025 | 61 | $37.1M | $256K | 7 | $9.3M | 68 | 832 |
| FY2024 | 48 | $23.9M | $142K | 7 | $9.8M | 55 | 595 |
| FY2023 | 34 | $24.1M | $341K | 4 | $3.0M | 38 | 401 |
| FY2022 | 34 | $25.2M | $307K | 11 | $13.3M | 45 | 523 |
| FY2021 | 52 | $56.5M | $588K | 10 | $12.0M | 62 | 525 |
| FY2020 | 42 | $29.1M | $277K | 12 | $10.8M | 54 | 627 |
| FY2019 | 63 | $50.1M | $320K | 8 | $8.2M | 71 | 809 |
| FY2018 | 64 | $56.8M | $413K | 5 | $2.4M | 69 | 931 |
| FY2017 | 80 | $54.9M | $300K | 10 | $14.0M | 90 | 1,193 |
| FY2016 | 69 | $48.8M | $245K | 8 | $9.5M | 77 | 1,018 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 361 approvals.
Against California and the country
| FY2021–FY2025 | Monterey County | California | United States |
|---|---|---|---|
| Approvals | 268 | 42,016 | 342,825 |
| Approvals per 1,000 establishments | 29.1 | 40.8 | 41.0 |
| Median 7(a) approval | $321K | $250K | $190K |
| Median 504 approval | $772K | $884K | $657K |
| Average approval | $800K | $733K | $573K |
| 504 share of approvals | 14.6% | 17.2% | 11.0% |
| Jobs supported per approval, as reported | 10.7 | 11.0 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less17.2%46
- $50,001 to $150,00012.7%34
- $150,001 to $350,00017.9%48
- $350,001 to $1 million30.6%82
- $1 million to $2 million10.1%27
- Over $2 million11.6%31
Age of the businesses
- Existing, more than 2 years old52.6%141
- New business, 2 years or less17.5%47
- Startup, loan funds will open the business10.4%28
- Change of ownership19.4%52
Questions and answers
Which lenders make the most SBA loans in Monterey County?
By approvals in FY2021 to FY2025: West Coast Community Bank (28), Monterey County Bank (19), Wells Fargo Bank National Association (18), Mortgage Capital Development Corporation (15), U.S. Bank, National Association (15). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Monterey County?
The median 7(a) approval was $321K and the median 504 approval $772K; the California 7(a) median was $250K.
Which industries get the most SBA loans in Monterey County?
Restaurants and Other Eating Places (40); Traveler Accommodation (11); Beer, Wine, and Liquor Stores (11); Services to Buildings and Dwellings (10); Grocery Stores (9).
Is SBA lending in Monterey County rising?
Approvals in the three latest complete fiscal years total 161, against 161 in the three before: broadly level (0%).
How does Monterey County compare with the rest of California?
29.1 approvals per 1,000 establishments against 40.8 statewide, and 268 of the state's 42,016 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error