Lenders › Citibank, N.A.
7(a) lenderSioux Falls, South DakotaFDIC-insured bank154th of 2,184 by approvals
Citibank, N.A.
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.
Citibank, N.A. (Sioux Falls, South Dakota) is an FDIC-insured bank in the SBA 7(a) program, 154th of 2,184 by approvals in FY2021 to FY2025: 246 loans worth $132M.
In FY2025, the latest complete fiscal year, it had 42 approvals totalling $2.7M, down 37% on FY2024 (67). FY2026 to 30 Jun 2026 adds 26 more.
The median approval was $100K, against $190K for the 7(a) program as a whole; 63.0% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 11 states and territories and 52 counties, led by New York (39.0%), California (32.1%) and Florida (11.4%). The largest industry group was construction at 41.5% of approvals, and 0.4% of approvals were to franchise businesses.
Of 1,312 disbursed loans approved in FY2010 to FY2021, SBA records 35 as charged off (2.7%), 1,254 as paid in full and 23 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 | $1.7M | $42K | $66K | 133 |
| FY2025 | 42 | $2.7M | $50K | $65K | 78 |
| FY2024 | 67 | $33.3M | $100K | $497K | 447 |
| FY2023 | 76 | $51.7M | $250K | $680K | 884 |
| FY2022 | 39 | $19.5M | $100K | $501K | 289 |
| FY2021 | 22 | $24.6M | $100K | $1.1M | 290 |
| FY2020 | 23 | $20.6M | $90K | $895K | 410 |
| FY2019 | 81 | $29.2M | $51K | $361K | 855 |
| FY2018 | 175 | $31.6M | $50K | $181K | 928 |
| FY2017 | 237 | $47.7M | $50K | $201K | 1,332 |
| FY2016 | 194 | $36.8M | $53K | $190K | 1,080 |
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 710 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 | New York | 7(a) program |
|---|---|---|---|
| Approvals in these years | 1,687 | 39,899 | 639,905 |
| Cancelled or never disbursed | 375 | 5,223 | 79,313 |
| Disbursed loans | 1,312 | 34,676 | 560,592 |
| Paid in full | 1,254 | 26,873 | 435,813 |
| Charged off | 35 | 2,802 | 36,891 |
| Still outstanding (status exempt from disclosure) | 23 | 5,001 | 87,888 |
| Charged off, share of disbursed loans | 2.7% | 8.1% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.3% | 3.2% | 2.5% |
| Dollars charged off | $5.6M | $312M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 18 | 14 | 0 | — | 2.8% |
| FY2020 | 18 | 17 | 0 | — | 4.0% |
| FY2019 | 56 | 53 | 1 | 1.8% | 6.7% |
| FY2018 | 111 | 104 | 6 | 5.4% | 7.9% |
| FY2017 | 158 | 150 | 7 | 4.4% | 7.7% |
| FY2016 | 146 | 144 | 1 | 0.7% | 7.2% |
| FY2015 | 179 | 174 | 5 | 2.8% | 6.9% |
| FY2014 | 135 | 133 | 2 | 1.5% | 6.4% |
| FY2013 | 86 | 82 | 3 | 3.5% | 6.0% |
| FY2012 | 170 | 161 | 4 | 2.4% | 6.3% |
| FY2011 | 159 | 152 | 4 | 2.5% | 6.9% |
| FY2010 | 76 | 70 | 2 | 2.6% | 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 | $100K | $190K |
| Average approval | $536K | $518K |
| Approvals of $150,000 or less | 63.0% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 5.3% | 34.3% |
| Approvals to franchise businesses | 0.4% | 11.5% |
| Jobs supported per approval, as reported | 8.1 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.7% | 6.6% |
States served
| # | State of the business (11 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New York | 96 | $31.8M | 39.0% | |
| 2 | California | 79 | $29.5M | 32.1% | |
| 3 | Florida | 28 | $38.5M | 11.4% | |
| 4 | Illinois | 19 | $13.3M | 7.7% | |
| 5 | New Jersey | 7 | $7.3M | 2.8% | |
| 6 | Connecticut | 7 | $292K | 2.8% | |
| 7 | Texas | 5 | $6.4M | 2.0% | |
| 8 | Maryland | 2 | — | 0.8% | |
| 9 | Massachusetts | 1 | — | 0.4% | |
| 10 | Virginia | 1 | — | 0.4% | |
| 11 | District of Columbia | 1 | — | 0.4% |
In New York the lender accounts for 0.5% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (52 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 25 | $11.2M | 10.2% | |
| 2 | Queens County, NY | 23 | $2.9M | 9.3% | |
| 3 | Kings County, NY | 20 | $10.6M | 8.1% | |
| 4 | Nassau County, NY | 15 | $3.8M | 6.1% | |
| 5 | Miami-Dade County, FL | 14 | $23.7M | 5.7% | |
| 6 | Cook County, IL | 13 | $8.0M | 5.3% | |
| 7 | Broward County, FL | 12 | $14.4M | 4.9% | |
| 8 | Orange County, CA | 12 | $5.8M | 4.9% | |
| 9 | Suffolk County, NY | 11 | $6.4M | 4.5% | |
| 10 | New York County, NY | 11 | $2.6M | 4.5% | |
| 11 | Westchester County, NY | 8 | $803K | 3.3% | |
| 12 | Ventura County, CA | 6 | $929K | 2.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 102 | 41.5% | |
| 2 | Wholesale Trade | 25 | 10.2% | |
| 3 | Professional, Scientific, and Technical Services | 20 | 8.1% | |
| 4 | Transportation and Warehousing | 18 | 7.3% | |
| 5 | Manufacturing | 14 | 5.7% | |
| 6 | Other Services (except Public Administration) | 14 | 5.7% | |
| 7 | Retail Trade | 11 | 4.5% | |
| 8 | Health Care and Social Assistance | 10 | 4.1% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Building Equipment ContractorsNAICS 2382 | 31 | 12.6% | |
| 2 | Residential Building ConstructionNAICS 2361 | 28 | 11.4% | |
| 3 | Building Finishing ContractorsNAICS 2383 | 17 | 6.9% | |
| 4 | General Freight TruckingNAICS 4841 | 12 | 4.9% | |
| 5 | Grocery and Related Product Merchant WholesalersNAICS 4244 | 9 | 3.7% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 9 | 3.7% | |
| 7 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 9 | 3.7% | |
| 8 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 2.8% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 2.4% | |
| 10 | Personal Care ServicesNAICS 8121 | 6 | 2.4% |
Approval sizes
- $50,000 or less34.1%84
- $50,001 to $150,00028.9%71
- $150,001 to $350,0008.9%22
- $350,001 to $1 million13.4%33
- $1 million to $2 million6.1%15
- Over $2 million8.5%21
Loan terms
- 5 years or less28.0%69
- Over 5 to 10 years58.1%143
- Over 10 to 20 years1.2%3
- Over 20 years12.6%31
Age of the businesses
- Existing, more than 2 years old94.7%233
- New business, 2 years or less4.9%12
- Startup, loan funds will open the business0.4%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 184 | 74.8% | |
| 2 | Preferred Lenders Program | 46 | 18.7% | |
| 3 | Preferred Lenders with EWCP | 15 | 6.1% | |
| 4 | 7a General | 1 | 0.4% |
Franchise share
1 of 246 approvals in FY2021–FY2025 (0.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | CertaPro Painters | 1 | 0.4% |
Questions and answers
How many SBA loans does Citibank, N.A. make?
SBA approved 42 7(a) loans through Citibank, N.A. in FY2025, worth $2.7M, and 246 over FY2021 to FY2025. That ranks 154th of 2,184 active 7(a) lenders by number of approvals.
How large are Citibank, N.A.'s typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $100K and the average $536K. The program-wide median was $190K.
What is Citibank, N.A.'s charge-off rate?
Of 1,312 disbursed loans approved in FY2010 to FY2021, SBA records 35 as charged off (2.7%), 1,254 as paid in full and 23 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 Citibank, N.A. lend to most?
By number of approvals in FY2021 to FY2025: building equipment contractors (31); residential building construction (28); building finishing contractors (17); general freight trucking (12).
Where does Citibank, N.A. make SBA loans?
In 11 states and territories. New York 96, California 79, Florida 28, Illinois 19, New Jersey 7. In New York it accounts for 0.5% of all 7(a) approvals.
Is Citibank, N.A.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 185, against 84 in the three before: rising (+120%).
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