Lenders › Banesco USA
7(a) lenderMiami, FloridaFDIC-insured bank125th of 2,184 by approvals
Banesco USA
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.
Banesco USA (Miami, Florida) is an FDIC-insured bank in the SBA 7(a) program, 125th of 2,184 by approvals in FY2021 to FY2025: 300 loans worth $222M.
In FY2025, the latest complete fiscal year, it had 57 approvals totalling $40.0M, down 8% on FY2024 (62). FY2026 to 30 Jun 2026 adds 26 more.
The median approval was $483K, against $190K for the 7(a) program as a whole; 15.7% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 36 states and territories and 128 counties, led by Florida (49.7%), California (8.3%) and Texas (6.0%). The largest industry group was health care and social assistance at 17.7% of approvals, and 11.0% of approvals were to franchise businesses.
Of 188 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (1.1%), 98 as paid in full and 88 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* | 26 | $31.7M | $851K | $1.2M | 541 |
| FY2025 | 57 | $40.0M | $500K | $702K | 620 |
| FY2024 | 62 | $44.5M | $495K | $718K | 785 |
| FY2023 | 67 | $43.4M | $350K | $647K | 856 |
| FY2022 | 64 | $41.7M | $410K | $652K | 697 |
| FY2021 | 50 | $52.3M | $650K | $1.0M | 620 |
| FY2020 | 17 | $17.5M | $675K | $1.0M | 184 |
| FY2019 | 31 | $29.0M | $650K | $936K | 382 |
| FY2018 | 23 | $31.2M | $1.3M | $1.4M | 451 |
| FY2017 | 17 | $15.8M | $435K | $930K | 230 |
| FY2016 | 18 | $21.1M | $1.1M | $1.2M | 237 |
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 106 approvals. First approval on file: FY2011.
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 | Florida | 7(a) program |
|---|---|---|---|
| Approvals in these years | 194 | 31,863 | 639,905 |
| Cancelled or never disbursed | 6 | 3,596 | 79,313 |
| Disbursed loans | 188 | 28,267 | 560,592 |
| Paid in full | 98 | 20,064 | 435,813 |
| Charged off | 2 | 2,783 | 36,891 |
| Still outstanding (status exempt from disclosure) | 88 | 5,420 | 87,888 |
| Charged off, share of disbursed loans | 1.1% | 9.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.5% | 3.1% | 2.5% |
| Dollars charged off | $3.0M | $442M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 47 | 9 | 0 | 0.0% | 2.8% |
| FY2020 | 17 | 10 | 0 | — | 4.0% |
| FY2019 | 31 | 10 | 1 | 3.2% | 6.7% |
| FY2018 | 23 | 15 | 0 | — | 7.9% |
| FY2017 | 17 | 7 | 0 | — | 7.7% |
| FY2016 | 18 | 14 | 0 | — | 7.2% |
| FY2015 | 11 | 10 | 0 | — | 6.9% |
| FY2014 | 10 | 10 | 0 | — | 6.4% |
| FY2013 | 8 | 8 | 0 | — | 6.0% |
| FY2012 | 6 | 5 | 1 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 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 | $483K | $190K |
| Average approval | $740K | $518K |
| Approvals of $150,000 or less | 15.7% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 20.0% | 34.3% |
| Approvals to franchise businesses | 11.0% | 11.5% |
| Jobs supported per approval, as reported | 11.9 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 1.1% | 6.6% |
States served
| # | State of the business (36 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 149 | $111M | 49.7% | |
| 2 | California | 25 | $23.9M | 8.3% | |
| 3 | Texas | 18 | $12.9M | 6.0% | |
| 4 | New Jersey | 9 | $5.1M | 3.0% | |
| 5 | Oregon | 9 | $4.2M | 3.0% | |
| 6 | Washington | 8 | $7.2M | 2.7% | |
| 7 | North Carolina | 8 | $4.5M | 2.7% | |
| 8 | Pennsylvania | 7 | $3.6M | 2.3% | |
| 9 | Georgia | 5 | $6.5M | 1.7% | |
| 10 | Wisconsin | 5 | $4.1M | 1.7% | |
| 11 | Virginia | 5 | $3.2M | 1.7% | |
| 12 | Maryland | 5 | $2.5M | 1.7% |
In Florida the lender accounts for 0.6% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (128 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Miami-Dade County, FL | 65 | $35.8M | 21.7% | |
| 2 | Hillsborough County, FL | 15 | $13.5M | 5.0% | |
| 3 | Pinellas County, FL | 13 | $9.8M | 4.3% | |
| 4 | Sarasota County, FL | 10 | $5.5M | 3.3% | |
| 5 | Broward County, FL | 9 | $5.7M | 3.0% | |
| 6 | Palm Beach County, FL | 7 | $7.3M | 2.3% | |
| 7 | Sacramento County, CA | 7 | $4.2M | 2.3% | |
| 8 | Los Angeles County, CA | 6 | $6.1M | 2.0% | |
| 9 | Manatee County, FL | 5 | $3.3M | 1.7% | |
| 10 | King County, WA | 5 | $2.8M | 1.7% | |
| 11 | Washington County, OR | 5 | $2.6M | 1.7% | |
| 12 | Duval County, FL | 4 | $4.1M | 1.3% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 53 | 17.7% | |
| 2 | Construction | 37 | 12.3% | |
| 3 | Other Services (except Public Administration) | 30 | 10.0% | |
| 4 | Retail Trade | 29 | 9.7% | |
| 5 | Wholesale Trade | 27 | 9.0% | |
| 6 | Professional, Scientific, and Technical Services | 25 | 8.3% | |
| 7 | Accommodation and Food Services | 24 | 8.0% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 18 | 6.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 20 | 6.7% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 18 | 6.0% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 15 | 5.0% | |
| 4 | Child Day Care ServicesNAICS 6244 | 13 | 4.3% | |
| 5 | Personal Care ServicesNAICS 8121 | 13 | 4.3% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 10 | 3.3% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 9 | 3.0% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 8 | 2.7% | |
| 9 | Machinery, Equipment, and Supplies Merchant WholesalersNAICS 4238 | 6 | 2.0% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 6 | 2.0% |
Approval sizes
- $50,000 or less2.0%6
- $50,001 to $150,00013.7%41
- $150,001 to $350,00022.3%67
- $350,001 to $1 million42.3%127
- $1 million to $2 million11.7%35
- Over $2 million8.0%24
Loan terms
- 5 years or less5.0%15
- Over 5 to 10 years65.3%196
- Over 10 to 20 years5.0%15
- Over 20 years24.7%74
Age of the businesses
- Existing, more than 2 years old55.0%165
- New business, 2 years or less9.3%28
- Startup, loan funds will open the business10.7%32
- Change of ownership25.0%75
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 265 | 88.3% | |
| 2 | Preferred Lenders with EWCP | 12 | 4.0% | |
| 3 | SBA Express Program | 9 | 3.0% | |
| 4 | 7a General | 7 | 2.3% | |
| 5 | International Trade Loans | 4 | 1.3% | |
| 6 | Export Express | 2 | 0.7% |
Franchise share
33 of 300 approvals in FY2021–FY2025 (11.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | PostalAnnex+ | 2 | 0.7% | |
| 2 | Crumbl | 2 | 0.7% | |
| 3 | MaidPro | 2 | 0.7% | |
| 4 | The Lash Lounge | 2 | 0.7% | |
| 5 | Cody's Original Roadhouse | 1 | 0.3% | |
| 6 | Cottman Transmission and Total Auto Care | 1 | 0.3% | |
| 7 | Twinkle Toes Nanny Agency | 1 | 0.3% | |
| 8 | Bin There...Dump That | 1 | 0.3% |
Questions and answers
How many SBA loans does Banesco USA make?
SBA approved 57 7(a) loans through Banesco USA in FY2025, worth $40.0M, and 300 over FY2021 to FY2025. That ranks 125th of 2,184 active 7(a) lenders by number of approvals.
How large are Banesco USA's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $483K and the average $740K. The program-wide median was $190K.
What is Banesco USA's charge-off rate?
Of 188 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (1.1%), 98 as paid in full and 88 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 Banesco USA lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (20); building equipment contractors (18); offices of other health practitioners (15); child day care services (13).
Where does Banesco USA make SBA loans?
In 36 states and territories. Florida 149, California 25, Texas 18, New Jersey 9, Oregon 9. In Florida it accounts for 0.6% of all 7(a) approvals.
Is Banesco USA's SBA lending rising?
Approvals in the three latest complete fiscal years total 186, against 131 in the three before: rising (+42%).
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