Guides

• How 7(a) and 504 loans work: who lends, what SBA guarantees, what the two programs finance, and how each shows up in the data.
• What "charged off" means, and why cohort maturity matters: SBA's loan statuses, why new loans are left out of every rate, and the rate for each approval year since FY1991.
• Why borrower names are excluded: what the SBA files contain, what this site discards, and what you can still learn.