Lenders › Pathward National Association
7(a) lenderSioux Falls, South DakotaFDIC-insured bank114th of 2,184 by approvals
Pathward National Association
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 330 7(a) loans, worth $493M, through Pathward National Association of Sioux Falls, South Dakota, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 114th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 126 approvals totalling $261M, up 25% on FY2024 (101). FY2026 to 30 Jun 2026 adds 160 more.
The median approval was $815K, against $190K for the 7(a) program as a whole; 5.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 43 states and territories and 180 counties, led by Florida (15.8%), California (10.9%) and Texas (10.0%). The largest industry group was finance and insurance at 15.5% of approvals, and 12.4% of approvals were to franchise businesses.
Of 276 disbursed loans approved in FY2010 to FY2021, SBA records 14 as charged off (5.1%), 192 as paid in full and 70 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* | 160 | $316M | $1.5M | $2.0M | 3,049 |
| FY2025 | 126 | $261M | $1.5M | $2.1M | 2,780 |
| FY2024 | 101 | $140M | $800K | $1.4M | 1,899 |
| FY2023 | 37 | $46.9M | $925K | $1.3M | 627 |
| FY2022 | 35 | $21.9M | $350K | $625K | 338 |
| FY2021 | 31 | $23.1M | $420K | $745K | 224 |
| FY2020 | 68 | $76.8M | $639K | $1.1M | 973 |
| FY2019 | 44 | $43.5M | $458K | $988K | 475 |
| FY2018 | 25 | $32.4M | $335K | $1.3M | 440 |
| FY2017 | 43 | $49.3M | $850K | $1.1M | 435 |
| FY2016 | 52 | $68.6M | $730K | $1.3M | 608 |
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 232 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 | Florida | 7(a) program |
|---|---|---|---|
| Approvals in these years | 314 | 31,863 | 639,905 |
| Cancelled or never disbursed | 38 | 3,596 | 79,313 |
| Disbursed loans | 276 | 28,267 | 560,592 |
| Paid in full | 192 | 20,064 | 435,813 |
| Charged off | 14 | 2,783 | 36,891 |
| Still outstanding (status exempt from disclosure) | 70 | 5,420 | 87,888 |
| Charged off, share of disbursed loans | 5.1% | 9.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.1% | 3.1% | 2.5% |
| Dollars charged off | $3.2M | $442M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 28 | 12 | 1 | — | 2.8% |
| FY2020 | 56 | 28 | 4 | 7.1% | 4.0% |
| FY2019 | 38 | 22 | 2 | 5.3% | 6.7% |
| FY2018 | 22 | 14 | 2 | — | 7.9% |
| FY2017 | 40 | 30 | 1 | 2.5% | 7.7% |
| FY2016 | 44 | 41 | 3 | 6.8% | 7.2% |
| FY2015 | 36 | 34 | 1 | 2.8% | 6.9% |
| FY2014 | 9 | 8 | 0 | — | 6.4% |
| FY2013 | 1 | 1 | 0 | — | 6.0% |
| FY2012 | 1 | 1 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 1 | 1 | 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 | $815K | $190K |
| Average approval | $1.5M | $518K |
| Approvals of $150,000 or less | 5.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 28.2% | 34.3% |
| Approvals to franchise businesses | 12.4% | 11.5% |
| Jobs supported per approval, as reported | 17.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 5.1% | 6.6% |
States served
| # | State of the business (43 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 52 | $74.3M | 15.8% | |
| 2 | California | 36 | $60.5M | 10.9% | |
| 3 | Texas | 33 | $51.4M | 10.0% | |
| 4 | Illinois | 15 | $25.8M | 4.5% | |
| 5 | New York | 15 | $14.8M | 4.5% | |
| 6 | Michigan | 14 | $13.2M | 4.2% | |
| 7 | Georgia | 12 | $18.0M | 3.6% | |
| 8 | Ohio | 11 | $18.2M | 3.3% | |
| 9 | North Carolina | 11 | $13.6M | 3.3% | |
| 10 | South Carolina | 10 | $11.1M | 3.0% | |
| 11 | Virginia | 9 | $14.6M | 2.7% | |
| 12 | Arizona | 9 | $14.6M | 2.7% |
In Florida the lender accounts for 0.2% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (180 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Maricopa County, AZ | 8 | $10.6M | 2.4% | |
| 2 | Orange County, FL | 7 | $5.0M | 2.1% | |
| 3 | Dallas County, TX | 6 | $11.8M | 1.8% | |
| 4 | Broward County, FL | 5 | $11.7M | 1.5% | |
| 5 | Lee County, FL | 5 | $11.4M | 1.5% | |
| 6 | Westchester County, NY | 5 | $6.9M | 1.5% | |
| 7 | Hennepin County, MN | 5 | $5.6M | 1.5% | |
| 8 | Palm Beach County, FL | 5 | $4.3M | 1.5% | |
| 9 | Hillsborough County, FL | 5 | $2.3M | 1.5% | |
| 10 | Jasper County, IA | 4 | $9.9M | 1.2% | |
| 11 | Miami-Dade County, FL | 4 | $9.9M | 1.2% | |
| 12 | Harris County, TX | 4 | $9.5M | 1.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Finance and Insurance | 51 | 15.5% | |
| 2 | Construction | 47 | 14.2% | |
| 3 | Retail Trade | 43 | 13.0% | |
| 4 | Manufacturing | 28 | 8.5% | |
| 5 | Professional, Scientific, and Technical Services | 28 | 8.5% | |
| 6 | Accommodation and Food Services | 25 | 7.6% | |
| 7 | Other Services (except Public Administration) | 22 | 6.7% | |
| 8 | Health Care and Social Assistance | 17 | 5.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 44 | 13.3% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 24 | 7.3% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 13 | 3.9% | |
| 4 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 12 | 3.6% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 10 | 3.0% | |
| 6 | Computer Systems Design and Related ServicesNAICS 5415 | 9 | 2.7% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 8 | 2.4% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 8 | 2.4% | |
| 9 | Specialty Food StoresNAICS 4452 | 8 | 2.4% | |
| 10 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 7 | 2.1% |
Approval sizes
- $50,000 or less0.3%1
- $50,001 to $150,0005.2%17
- $150,001 to $350,00018.8%62
- $350,001 to $1 million31.8%105
- $1 million to $2 million17.6%58
- Over $2 million26.4%87
Loan terms
- 5 years or less0.3%1
- Over 5 to 10 years88.2%291
- Over 10 to 20 years7.0%23
- Over 20 years4.5%15
Age of the businesses
- Existing, more than 2 years old23.6%78
- New business, 2 years or less9.7%32
- Startup, loan funds will open the business18.5%61
- Change of ownership48.2%159
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 268 | 81.2% | |
| 2 | SBA Express Program | 50 | 15.2% | |
| 3 | 7a General | 10 | 3.0% | |
| 4 | International Trade Loans | 2 | 0.6% |
Franchise share
41 of 330 approvals in FY2021–FY2025 (12.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Edible Arrangements | 5 | 1.5% | |
| 2 | Anytime Fitness | 2 | 0.6% | |
| 3 | Serotonin | 2 | 0.6% | |
| 4 | Mr. Appliance | 2 | 0.6% | |
| 5 | Cold Stone Creamery | 2 | 0.6% | |
| 6 | Starz Program | 1 | 0.3% | |
| 7 | Jackson Hewitt Tax Service | 1 | 0.3% | |
| 8 | GreatFlorida Insurance | 1 | 0.3% |
Questions and answers
How many SBA loans does Pathward National Association make?
SBA approved 126 7(a) loans through Pathward National Association in FY2025, worth $261M, and 330 over FY2021 to FY2025. That ranks 114th of 2,184 active 7(a) lenders by number of approvals.
How large are Pathward National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $815K and the average $1.5M. The program-wide median was $190K.
What is Pathward National Association's charge-off rate?
Of 276 disbursed loans approved in FY2010 to FY2021, SBA records 14 as charged off (5.1%), 192 as paid in full and 70 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 Pathward National Association lend to most?
By number of approvals in FY2021 to FY2025: agencies, brokerages, and other insurance related activities (44); restaurants and other eating places (24); building equipment contractors (13); foundation, structure, and building exterior contractors (12).
Where does Pathward National Association make SBA loans?
In 43 states and territories. Florida 52, California 36, Texas 33, Illinois 15, New York 15. In Florida it accounts for 0.2% of all 7(a) approvals.
Is Pathward National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 264, against 134 in the three before: rising (+97%).
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