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County15th of 58 in California by approvalsFIPS 06081
SBA loans in San Mateo 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 589 loans to businesses in San Mateo County, California, in FY2021 to FY2025, worth $456M: 492 under 7(a) and 97 under 504.
That is 27.3 approvals per 1,000 business establishments (21,569 establishments in 2023), below the California figure of 40.8 and below the national 41.0.
It ranks 15th of 58 California counties with approvals. In FY2025 there were 172, up 19% on FY2024.
85 lenders had approvals here; the most active were U.S. Bank, National Association (79), Mortgage Capital Development Corporation (35) and Wells Fargo Bank National Association (33). 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 San Mateo County
By number of approvals to businesses in the county, FY2021–FY2025; 85 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 79 | $38.9M | 13.4% | |
| 2 | Mortgage Capital Development CorporationOakland, CA · CDC | 35 | $40.4M | 5.9% | |
| 3 | Wells Fargo Bank National AssociationSioux Falls, SD | 33 | $20.6M | 5.6% | |
| 4 | Northeast BankLewiston, ME | 32 | $4.6M | 5.4% | |
| 5 | The Huntington National BankColumbus, OH | 28 | $10.1M | 4.8% | |
| 6 | Capital Access Group, Inc.San Francisco, CA · CDC | 26 | $33.7M | 4.4% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 22 | $29.8M | 3.7% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 22 | $12.7M | 3.7% | |
| 9 | JPMorgan Chase Bank, National AssociationColumbus, OH | 20 | $7.5M | 3.4% | |
| 10 | BayFirst National BankSaint Petersburg, FL | 20 | $2.8M | 3.4% | |
| 11 | Lendistry SBLC, LLCLos Angeles, CA | 19 | $3.4M | 3.2% | |
| 12 | Readycap Lending, LLCBerkeley Heights, NJ | 18 | $9.1M | 3.1% | |
| 13 | East West BankPasadena, CA | 15 | $16.5M | 2.5% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 15 | $11.1M | 2.5% | |
| 15 | Business Finance CapitalLos Angeles, CA · CDC | 12 | $15.6M | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 73 | 12.4% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 31 | 5.3% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 26 | 4.4% | |
| 4 | Personal Care ServicesNAICS 8121 | 24 | 4.1% | |
| 5 | Residential Building ConstructionNAICS 2361 | 22 | 3.7% | |
| 6 | Offices of DentistsNAICS 6212 | 18 | 3.1% | |
| 7 | Grocery StoresNAICS 4451 | 15 | 2.5% | |
| 8 | Child Day Care ServicesNAICS 6244 | 14 | 2.4% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 14 | 2.4% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 13 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 85 | 14.4% | |
| 2 | Construction | 85 | 14.4% | |
| 3 | Accommodation and Food Services | 80 | 13.6% | |
| 4 | Other Services (except Public Administration) | 64 | 10.9% | |
| 5 | Health Care and Social Assistance | 55 | 9.3% | |
| 6 | Professional, Scientific, and Technical Services | 54 | 9.2% | |
| 7 | Manufacturing | 35 | 5.9% | |
| 8 | Wholesale Trade | 29 | 4.9% |
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* | 79 | $48.5M | $250K | 12 | $18.0M | 91 | 706 |
| FY2025 | 145 | $79.5M | $230K | 27 | $39.6M | 172 | 2,226 |
| FY2024 | 130 | $72.2M | $150K | 14 | $14.7M | 144 | 1,381 |
| FY2023 | 76 | $50.8M | $290K | 14 | $18.2M | 90 | 954 |
| FY2022 | 67 | $52.7M | $576K | 19 | $19.0M | 86 | 748 |
| FY2021 | 74 | $82.7M | $745K | 23 | $26.4M | 97 | 1,149 |
| FY2020 | 79 | $45.0M | $273K | 22 | $28.9M | 101 | 720 |
| FY2019 | 87 | $45.0M | $250K | 13 | $14.8M | 100 | 1,005 |
| FY2018 | 111 | $47.3M | $150K | 17 | $22.0M | 128 | 1,289 |
| FY2017 | 116 | $65.9M | $201K | 15 | $19.6M | 131 | 1,081 |
| FY2016 | 152 | $79.5M | $150K | 10 | $9.9M | 162 | 1,610 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 622 approvals.
Against California and the country
| FY2021–FY2025 | San Mateo County | California | United States |
|---|---|---|---|
| Approvals | 589 | 42,016 | 342,825 |
| Approvals per 1,000 establishments | 27.3 | 40.8 | 41.0 |
| Median 7(a) approval | $300K | $250K | $190K |
| Median 504 approval | $925K | $884K | $657K |
| Average approval | $774K | $733K | $573K |
| 504 share of approvals | 16.5% | 17.2% | 11.0% |
| Jobs supported per approval, as reported | 11.0 | 11.0 | 10.5 |
| Share of state approvals | 1.4% | 100.0% | — |
Approval sizes
- $50,000 or less17.1%101
- $50,001 to $150,00016.0%94
- $150,001 to $350,00016.1%95
- $350,001 to $1 million27.0%159
- $1 million to $2 million12.9%76
- Over $2 million10.9%64
Age of the businesses
- Existing, more than 2 years old69.6%410
- New business, 2 years or less13.8%81
- Startup, loan funds will open the business8.3%49
- Change of ownership8.1%48
- Not answered0.2%1
Questions and answers
Which lenders make the most SBA loans in San Mateo County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (79), Mortgage Capital Development Corporation (35), Wells Fargo Bank National Association (33), Northeast Bank (32), The Huntington National Bank (28). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in San Mateo County?
The median 7(a) approval was $300K and the median 504 approval $925K; the California 7(a) median was $250K.
Which industries get the most SBA loans in San Mateo County?
Restaurants and Other Eating Places (73); Automotive Repair and Maintenance (31); Building Equipment Contractors (26); Personal Care Services (24); Residential Building Construction (22).
Is SBA lending in San Mateo County rising?
Approvals in the three latest complete fiscal years total 406, against 284 in the three before: rising (+43%).
How does San Mateo County compare with the rest of California?
27.3 approvals per 1,000 establishments against 40.8 statewide, and 589 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