Lenders › Banco Popular de Puerto Rico
7(a) lenderSan Juan, Puerto RicoFDIC-insured bank27th of 2,184 by approvals
Banco Popular de Puerto Rico
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
In FY2021 to FY2025 SBA approved 1,563 7(a) loans, worth $265M, through Banco Popular de Puerto Rico of San Juan, Puerto Rico, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 27th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 380 approvals totalling $47.9M, down 17% on FY2024 (456). FY2026 to 30 Jun 2026 adds 295 more.
The median approval was $60K, against $190K for the 7(a) program as a whole; 71.7% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 2 states and territories and 81 counties, led by Puerto Rico (98.9%) and U.S. Virgin Islands (1.1%). The largest industry group was health care and social assistance at 25.5% of approvals, and 0.5% of approvals were to franchise businesses.
Of 2,652 disbursed loans approved in FY2010 to FY2021, SBA records 112 as charged off (4.2%), 2,231 as paid in full and 309 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 295 | $37.0M | $50K | $125K | 3,064 |
| FY2025 | 380 | $47.9M | $50K | $126K | 3,542 |
| FY2024 | 456 | $70.3M | $50K | $154K | 4,797 |
| FY2023 | 290 | $50.9M | $55K | $176K | 3,415 |
| FY2022 | 247 | $44.6M | $86K | $181K | 3,498 |
| FY2021 | 190 | $51.0M | $130K | $268K | 2,738 |
| FY2020 | 140 | $19.3M | $78K | $138K | 1,565 |
| FY2019 | 177 | $21.9M | $67K | $124K | 1,747 |
| FY2018 | 179 | $29.9M | $60K | $167K | 1,927 |
| FY2017 | 240 | $28.3M | $50K | $118K | 2,175 |
| FY2016 | 430 | $39.8M | $40K | $92K | 3,523 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 1,166 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Puerto Rico | 7(a) program |
|---|---|---|---|
| Approvals in these years | 3,145 | 5,401 | 639,905 |
| Cancelled or never disbursed | 493 | 910 | 79,313 |
| Disbursed loans | 2,652 | 4,491 | 560,592 |
| Paid in full | 2,231 | 3,524 | 435,813 |
| Charged off | 112 | 275 | 36,891 |
| Still outstanding (status exempt from disclosure) | 309 | 692 | 87,888 |
| Charged off, share of disbursed loans | 4.2% | 6.1% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.1% | 2.3% | 2.5% |
| Dollars charged off | $3.2M | $11.8M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 173 | 67 | 2 | 1.2% | 2.8% |
| FY2020 | 122 | 89 | 0 | 0.0% | 4.0% |
| FY2019 | 156 | 121 | 0 | 0.0% | 6.7% |
| FY2018 | 154 | 131 | 1 | 0.6% | 7.9% |
| FY2017 | 213 | 184 | 8 | 3.8% | 7.7% |
| FY2016 | 384 | 345 | 10 | 2.6% | 7.2% |
| FY2015 | 319 | 279 | 22 | 6.9% | 6.9% |
| FY2014 | 315 | 280 | 13 | 4.1% | 6.4% |
| FY2013 | 254 | 231 | 10 | 3.9% | 6.0% |
| FY2012 | 232 | 204 | 19 | 8.2% | 6.3% |
| FY2011 | 262 | 238 | 21 | 8.0% | 6.9% |
| FY2010 | 68 | 62 | 6 | 8.8% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $60K | $190K |
| Average approval | $169K | $518K |
| Approvals of $150,000 or less | 71.7% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 28.4% | 34.3% |
| Approvals to franchise businesses | 0.5% | 11.5% |
| Jobs supported per approval, as reported | 11.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.2% | 6.6% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Puerto Rico | 1,546 | $262M | 98.9% | |
| 2 | U.S. Virgin Islands | 17 | $2.9M | 1.1% |
In Puerto Rico the lender accounts for 61.9% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (81 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | San Juan Municipio, PR | 270 | $70.0M | 17.3% | |
| 2 | Bayamon Municipio, PR | 96 | $28.5M | 6.1% | |
| 3 | Caguas Municipio, PR | 80 | $30.1M | 5.1% | |
| 4 | Guaynabo Municipio, PR | 67 | $13.2M | 4.3% | |
| 5 | Ponce Municipio, PR | 65 | $11.8M | 4.2% | |
| 6 | Carolina Municipio, PR | 61 | $6.6M | 3.9% | |
| 7 | Mayaguez Municipio, PR | 52 | $7.6M | 3.3% | |
| 8 | Aguadilla Municipio, PR | 37 | $2.1M | 2.4% | |
| 9 | Arecibo Municipio, PR | 35 | $4.0M | 2.2% | |
| 10 | Fajardo Municipio, PR | 28 | $4.0M | 1.8% | |
| 11 | Trujillo Alto Municipio, PR | 25 | $8.9M | 1.6% | |
| 12 | Aguada Municipio, PR | 25 | $3.3M | 1.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 398 | 25.5% | |
| 2 | Retail Trade | 233 | 14.9% | |
| 3 | Professional, Scientific, and Technical Services | 155 | 9.9% | |
| 4 | Accommodation and Food Services | 140 | 9.0% | |
| 5 | Construction | 133 | 8.5% | |
| 6 | Manufacturing | 111 | 7.1% | |
| 7 | Other Services (except Public Administration) | 101 | 6.5% | |
| 8 | Wholesale Trade | 89 | 5.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of PhysiciansNAICS 6211 | 144 | 9.2% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 114 | 7.3% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 112 | 7.2% | |
| 4 | Health and Personal Care RetailersNAICS 4561 | 44 | 2.8% | |
| 5 | Medical and Diagnostic LaboratoriesNAICS 6215 | 43 | 2.8% | |
| 6 | Personal Care ServicesNAICS 8121 | 37 | 2.4% | |
| 7 | Architectural, Engineering, and Related ServicesNAICS 5413 | 36 | 2.3% | |
| 8 | Offices of DentistsNAICS 6212 | 36 | 2.3% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 33 | 2.1% | |
| 10 | Nonresidential Building ConstructionNAICS 2362 | 32 | 2.0% |
Approval sizes
- $50,000 or less47.9%748
- $50,001 to $150,00023.8%372
- $150,001 to $350,00019.7%308
- $350,001 to $1 million6.3%98
- $1 million to $2 million1.3%21
- Over $2 million1.0%16
Loan terms
- 5 years or less19.5%305
- Over 5 to 10 years63.3%989
- Over 10 to 20 years16.5%258
- Over 20 years0.7%11
Age of the businesses
- Existing, more than 2 years old70.9%1,108
- New business, 2 years or less16.7%261
- Startup, loan funds will open the business11.7%183
- Change of ownership0.6%10
- Not answered0.1%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 1,358 | 86.9% | |
| 2 | Preferred Lenders Program | 155 | 9.9% | |
| 3 | Contract CAPLine | 23 | 1.5% | |
| 4 | 7a General | 20 | 1.3% | |
| 5 | Working Capital CAPLine | 6 | 0.4% | |
| 6 | Export Express | 1 | 0.1% |
Franchise share
8 of 1,563 approvals in FY2021–FY2025 (0.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Marco's Pizza | 3 | 0.2% | |
| 2 | The Taco Maker, Taco Maker Mexican Grill | 1 | 0.1% | |
| 3 | AlignLife | 1 | 0.1% | |
| 4 | Burrillos | 1 | 0.1% | |
| 5 | Acai Express | 1 | 0.1% | |
| 6 | Mac Tools | 1 | 0.1% |
Questions and answers
How many SBA loans does Banco Popular de Puerto Rico make?
SBA approved 380 7(a) loans through Banco Popular de Puerto Rico in FY2025, worth $47.9M, and 1,563 over FY2021 to FY2025. That ranks 27th of 2,184 active 7(a) lenders by number of approvals.
How large are Banco Popular de Puerto Rico's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $60K and the average $169K. The program-wide median was $190K.
What is Banco Popular de Puerto Rico's charge-off rate?
Of 2,652 disbursed loans approved in FY2010 to FY2021, SBA records 112 as charged off (4.2%), 2,231 as paid in full and 309 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Banco Popular de Puerto Rico lend to most?
By number of approvals in FY2021 to FY2025: offices of physicians (144); offices of other health practitioners (114); restaurants and other eating places (112); health and personal care retailers (44).
Where does Banco Popular de Puerto Rico make SBA loans?
In 2 states and territories. Puerto Rico 1,546, U.S. Virgin Islands 17. In Puerto Rico it accounts for 61.9% of all 7(a) approvals.
Is Banco Popular de Puerto Rico's SBA lending rising?
Approvals in the three latest complete fiscal years total 1,126, against 577 in the three before: rising (+95%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error