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County13th of 78 in Puerto Rico by approvals
SBA loans in Fajardo Municipio, Puerto Rico
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.
Businesses in Fajardo Municipio, Puerto Rico, received 39 SBA loan approvals worth $6.5M in FY2021 to FY2025 (38 7(a), 1 504).
The Census Bureau publishes no establishment count for it, so approvals cannot be set against the number of businesses.
It ranks 13th of 78 Puerto Rico counties with approvals. In FY2025 there were 10, down 17% on FY2024.
5 lenders had approvals here; the most active were Banco Popular de Puerto Rico (28), Oriental Bank (5) and Economic Development Bank for Puerto Rico (3). 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 Fajardo Municipio
By number of approvals to businesses in the county, FY2021–FY2025; 5 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto RicoSan Juan, PR | 28 | $4.0M | 71.8% | |
| 2 | Oriental BankSan Juan, PR | 5 | $712K | 12.8% | |
| 3 | Economic Development Bank for Puerto RicoSan Juan, PR | 3 | $1.2M | 7.7% | |
| 4 | FirstBank Puerto RicoSanturce, PR | 2 | — | 5.1% | |
| 5 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)San Juan, PR · CDC | 1 | — | 2.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 12.8% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 4 | 10.3% | |
| 3 | Scenic and Sightseeing Transportation, WaterNAICS 4872 | 3 | 7.7% | |
| 4 | Travel Arrangement and Reservation ServicesNAICS 5615 | 2 | 5.1% | |
| 5 | Health and Personal Care StoresNAICS 4461 | 2 | 5.1% | |
| 6 | Health and Personal Care RetailersNAICS 4561 | 2 | 5.1% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 5.1% | |
| 8 | Personal Care ServicesNAICS 8121 | 2 | 5.1% | |
| 9 | Offices of PhysiciansNAICS 6211 | 2 | 5.1% | |
| 10 | Scenic and Sightseeing Transportation, LandNAICS 4871 | 2 | 5.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 7 | 17.9% | |
| 2 | Transportation and Warehousing | 6 | 15.4% | |
| 3 | Retail Trade | 6 | 15.4% | |
| 4 | Accommodation and Food Services | 5 | 12.8% | |
| 5 | Manufacturing | 3 | 7.7% | |
| 6 | Other Services (except Public Administration) | 3 | 7.7% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 2 | 5.1% | |
| 8 | Arts, Entertainment, and Recreation | 2 | 5.1% |
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* | 1 | — | — | 0 | — | 1 | 4 |
| FY2025 | 10 | $778K | $36K | 0 | — | 10 | 61 |
| FY2024 | 12 | $2.1M | $139K | 0 | — | 12 | 78 |
| FY2023 | 7 | $1.2M | $97K | 0 | — | 7 | 57 |
| FY2022 | 7 | $1.9M | $72K | 1 | — | 8 | 100 |
| FY2021 | 2 | — | — | 0 | — | 2 | 7 |
| FY2020 | 2 | — | — | 0 | — | 2 | 12 |
| FY2019 | 2 | — | — | 1 | — | 3 | 25 |
| FY2018 | 4 | $822K | $171K | 0 | — | 4 | 65 |
| FY2017 | 4 | $456K | $50K | 0 | — | 4 | 19 |
| FY2016 | 10 | $1.0M | $73K | 0 | — | 10 | 69 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 23 approvals.
Against Puerto Rico and the country
| FY2021–FY2025 | Fajardo Municipio | Puerto Rico | United States |
|---|---|---|---|
| Approvals | 39 | 2,777 | 342,825 |
| Approvals per 1,000 establishments | — | — | 41.0 |
| Median 7(a) approval | $78K | $81K | $190K |
| Median 504 approval | — | $243K | $657K |
| Average approval | $166K | $205K | $573K |
| 504 share of approvals | 2.6% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 7.8 | 11.2 | 10.5 |
| Share of state approvals | 1.4% | 100.0% | — |
Approval sizes
- $50,000 or less38.5%15
- $50,001 to $150,00028.2%11
- $150,001 to $350,00020.5%8
- $350,001 to $1 million10.3%4
- $1 million to $2 million2.6%1
Age of the businesses
- Existing, more than 2 years old64.1%25
- New business, 2 years or less10.3%4
- Startup, loan funds will open the business17.9%7
- Change of ownership7.7%3
Questions and answers
Which lenders make the most SBA loans in Fajardo Municipio?
By approvals in FY2021 to FY2025: Banco Popular de Puerto Rico (28), Oriental Bank (5), Economic Development Bank for Puerto Rico (3), FirstBank Puerto Rico (2), Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Fajardo Municipio?
The median 7(a) approval was $78K; the Puerto Rico 7(a) median was $81K.
Which industries get the most SBA loans in Fajardo Municipio?
Restaurants and Other Eating Places (5); Offices of Other Health Practitioners (4); Scenic and Sightseeing Transportation, Water (3); Travel Arrangement and Reservation Services (2); Health and Personal Care Stores (2).
Is SBA lending in Fajardo Municipio rising?
Approvals in the three latest complete fiscal years total 29, against 12 in the three before: rising (+142%).
How does Fajardo Municipio compare with the rest of Puerto Rico?
It had 39 of the state's 2,777 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