Lenders › Mega Bank
7(a) lenderSan Gabriel, CaliforniaFDIC-insured bank472nd of 2,184 by approvals
Mega Bank
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.
Mega Bank, based in San Gabriel, California, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 55 of its 7(a) loans worth $94.9M in FY2021 to FY2025, which places it 472nd of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 11 approvals totalling $21.8M. FY2026 to 30 Jun 2026 adds 6 more.
The median approval was $1.3M, against $190K for the 7(a) program as a whole; 0.0% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 1 state or territory and 13 counties, led by California (100.0%). The largest industry group was accommodation and food services at 27.3% of approvals, and 14.5% of approvals were to franchise businesses.
Of 46 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 32 as paid in full and 14 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* | 6 | $9.9M | $1.7M | $1.6M | 95 |
| FY2025 | 11 | $21.8M | $1.4M | $2.0M | 255 |
| FY2024 | 9 | $12.2M | $1.3M | $1.4M | 120 |
| FY2023 | 14 | $17.9M | $1.1M | $1.3M | 191 |
| FY2022 | 12 | $17.2M | $916K | $1.4M | 189 |
| FY2021 | 9 | $25.8M | $2.3M | $2.9M | 206 |
| FY2020 | 16 | $29.0M | $1.8M | $1.8M | 318 |
| FY2019 | 9 | $2.9M | $210K | $317K | 323 |
| FY2018 | 4 | $4.1M | $888K | $1.0M | 62 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 2 | — | — | — | 128 |
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 31 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 | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 48 | 79,249 | 639,905 |
| Cancelled or never disbursed | 2 | 10,102 | 79,313 |
| Disbursed loans | 46 | 69,147 | 560,592 |
| Paid in full | 32 | 52,688 | 435,813 |
| Charged off | 0 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 14 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 0.0% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.0% | 1.5% | 2.5% |
| Dollars charged off | $0 | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 9 | 7 | 0 | — | 2.8% |
| FY2020 | 15 | 8 | 0 | — | 4.0% |
| FY2019 | 9 | 5 | 0 | — | 6.7% |
| FY2018 | 4 | 3 | 0 | — | 7.9% |
| FY2017 | 0 | 0 | 0 | — | 7.7% |
| FY2016 | 2 | 2 | 0 | — | 7.2% |
| FY2015 | 1 | 1 | 0 | — | 6.9% |
| FY2014 | 1 | 1 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 2 | 2 | 0 | — | 6.3% |
| FY2011 | 3 | 3 | 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 | $1.3M | $190K |
| Average approval | $1.7M | $518K |
| Approvals of $150,000 or less | 0.0% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 23.6% | 34.3% |
| Approvals to franchise businesses | 14.5% | 11.5% |
| Jobs supported per approval, as reported | 17.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 0.0% | 6.6% |
States served
| # | State of the business (1 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 55 | $94.9M | 100.0% |
In California the lender accounts for 0.2% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (13 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 26 | $37.4M | 47.3% | |
| 2 | San Bernardino County, CA | 6 | $13.6M | 10.9% | |
| 3 | Alameda County, CA | 4 | $9.6M | 7.3% | |
| 4 | Orange County, CA | 4 | $4.5M | 7.3% | |
| 5 | Santa Clara County, CA | 3 | $10.0M | 5.5% | |
| 6 | Riverside County, CA | 3 | $7.0M | 5.5% | |
| 7 | San Mateo County, CA | 3 | $2.6M | 5.5% | |
| 8 | Kern County, CA | 1 | — | 1.8% | |
| 9 | Tehama County, CA | 1 | — | 1.8% | |
| 10 | Fresno County, CA | 1 | — | 1.8% | |
| 11 | San Joaquin County, CA | 1 | — | 1.8% | |
| 12 | Sacramento County, CA | 1 | — | 1.8% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 15 | 27.3% | |
| 2 | Retail Trade | 10 | 18.2% | |
| 3 | Health Care and Social Assistance | 8 | 14.5% | |
| 4 | Manufacturing | 6 | 10.9% | |
| 5 | Construction | 4 | 7.3% | |
| 6 | Wholesale Trade | 3 | 5.5% | |
| 7 | Other Services (except Public Administration) | 3 | 5.5% | |
| 8 | Transportation and Warehousing | 3 | 5.5% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 9 | 16.4% | |
| 2 | Gasoline StationsNAICS 4571 | 3 | 5.5% | |
| 3 | Gasoline StationsNAICS 4471 | 3 | 5.5% | |
| 4 | Individual and Family ServicesNAICS 6241 | 3 | 5.5% | |
| 5 | Traveler AccommodationNAICS 7211 | 2 | 3.6% | |
| 6 | Child Day Care ServicesNAICS 6244 | 2 | 3.6% | |
| 7 | Other Food ManufacturingNAICS 3119 | 2 | 3.6% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 3.6% | |
| 9 | Grocery StoresNAICS 4451 | 2 | 3.6% | |
| 10 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 2 | 3.6% |
Approval sizes
- $150,001 to $350,0003.6%2
- $350,001 to $1 million36.4%20
- $1 million to $2 million36.4%20
- Over $2 million23.6%13
Loan terms
- Over 5 to 10 years16.4%9
- Over 20 years83.6%46
Age of the businesses
- Existing, more than 2 years old76.4%42
- New business, 2 years or less18.2%10
- Startup, loan funds will open the business5.5%3
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 48 | 87.3% | |
| 2 | 7a General | 3 | 5.5% | |
| 3 | International Trade Loans | 3 | 5.5% | |
| 4 | Working Capital CAPLine | 1 | 1.8% |
Franchise share
8 of 55 approvals in FY2021–FY2025 (14.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Arco | 2 | 3.6% | |
| 2 | Au Energy | 1 | 1.8% | |
| 3 | Super 8 by Wyndhan | 1 | 1.8% | |
| 4 | Circle K Convenience Store & Motor Fuel Franchise | 1 | 1.8% | |
| 5 | Valley Pacific Petroleum Services, Inc. | 1 | 1.8% | |
| 6 | Snap-On | 1 | 1.8% | |
| 7 | Wushiland Boba | 1 | 1.8% |
Questions and answers
How many SBA loans does Mega Bank make?
SBA approved 11 7(a) loans through Mega Bank in FY2025, worth $21.8M, and 55 over FY2021 to FY2025. That ranks 472nd of 2,184 active 7(a) lenders by number of approvals.
How large are Mega Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $1.3M and the average $1.7M. The program-wide median was $190K.
What is Mega Bank's charge-off rate?
Of 46 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 32 as paid in full and 14 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 Mega Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (9); gasoline stations (3); gasoline stations (3); individual and family services (3).
Where does Mega Bank make SBA loans?
In 1 state or territory. California 55. In California it accounts for 0.2% of all 7(a) approvals.
Is Mega Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 34, against 37 in the three before: broadly level (-8%).
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