Lenders › Port 51 Lending LLC
7(a) lenderNew York, New Yorknon-bank 7(a) lender106th of 2,184 by approvals
Port 51 Lending LLC
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.
Port 51 Lending LLC (New York, New York) is a non-bank 7(a) lender in the SBA 7(a) program, 106th of 2,184 by approvals in FY2021 to FY2025: 350 loans worth $497M.
In FY2025, the latest complete fiscal year, it had 226 approvals totalling $354M, up 270% on FY2024 (61). FY2026 to 30 Jun 2026 adds 148 more.
The median approval was $1.0M, against $190K for the 7(a) program as a whole; 0.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 40 states and territories and 186 counties, led by California (28.6%), Florida (8.9%) and Texas (7.1%). The largest industry group was accommodation and food services at 20.3% of approvals, and 11.7% of approvals were to franchise businesses.
Of 51 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 30 as paid in full and 21 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* | 148 | $271M | $1.4M | $1.8M | 1,970 |
| FY2025 | 226 | $354M | $1.2M | $1.6M | 3,486 |
| FY2024 | 61 | $78.8M | $1.0M | $1.3M | 869 |
| FY2023 | 27 | $34.1M | $800K | $1.3M | 742 |
| FY2022 | 10 | $10.1M | $557K | $1.0M | 159 |
| FY2021 | 26 | $20.1M | $389K | $775K | 403 |
| FY2020 | 22 | $19.7M | $671K | $896K | 291 |
| FY2019 | 8 | $7.4M | $478K | $926K | 70 |
| FY2018 | 0 | — | — | — | 0 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 0 | — | — | — | 0 |
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 30 approvals. First approval on file: FY2019.
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 | 56 | 79,249 | 639,905 |
| Cancelled or never disbursed | 5 | 10,102 | 79,313 |
| Disbursed loans | 51 | 69,147 | 560,592 |
| Paid in full | 30 | 52,688 | 435,813 |
| Charged off | 0 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 21 | 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 | 25 | 15 | 0 | — | 2.8% |
| FY2020 | 20 | 12 | 0 | — | 4.0% |
| FY2019 | 6 | 3 | 0 | — | 6.7% |
| FY2018 | 0 | 0 | 0 | — | 7.9% |
| FY2017 | 0 | 0 | 0 | — | 7.7% |
| FY2016 | 0 | 0 | 0 | — | 7.2% |
| FY2015 | 0 | 0 | 0 | — | 6.9% |
| FY2014 | 0 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 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 | $1.0M | $190K |
| Average approval | $1.4M | $518K |
| Approvals of $150,000 or less | 0.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 26.9% | 34.3% |
| Approvals to franchise businesses | 11.7% | 11.5% |
| Jobs supported per approval, as reported | 16.2 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 0.0% | 6.6% |
States served
| # | State of the business (40 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 100 | $141M | 28.6% | |
| 2 | Florida | 31 | $43.2M | 8.9% | |
| 3 | Texas | 25 | $38.4M | 7.1% | |
| 4 | Georgia | 19 | $28.3M | 5.4% | |
| 5 | Illinois | 13 | $20.0M | 3.7% | |
| 6 | North Carolina | 13 | $9.9M | 3.7% | |
| 7 | Colorado | 12 | $16.6M | 3.4% | |
| 8 | Oregon | 11 | $16.1M | 3.1% | |
| 9 | New Jersey | 11 | $12.4M | 3.1% | |
| 10 | Arizona | 10 | $7.5M | 2.9% | |
| 11 | South Carolina | 9 | $8.2M | 2.6% | |
| 12 | Pennsylvania | 8 | $8.6M | 2.3% |
In California the lender accounts for 0.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (186 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 32 | $58.7M | 9.1% | |
| 2 | Orange County, CA | 12 | $17.2M | 3.4% | |
| 3 | Fresno County, CA | 9 | $8.6M | 2.6% | |
| 4 | Miami-Dade County, FL | 6 | $10.2M | 1.7% | |
| 5 | Harris County, TX | 5 | $10.4M | 1.4% | |
| 6 | Riverside County, CA | 5 | $9.8M | 1.4% | |
| 7 | Cook County, IL | 5 | $9.1M | 1.4% | |
| 8 | Multnomah County, OR | 5 | $4.4M | 1.4% | |
| 9 | Dallas County, TX | 5 | $4.0M | 1.4% | |
| 10 | Maricopa County, AZ | 5 | $3.7M | 1.4% | |
| 11 | Fulton County, GA | 4 | $7.1M | 1.1% | |
| 12 | Ventura County, CA | 4 | $6.4M | 1.1% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 71 | 20.3% | |
| 2 | Health Care and Social Assistance | 47 | 13.4% | |
| 3 | Other Services (except Public Administration) | 35 | 10.0% | |
| 4 | Retail Trade | 34 | 9.7% | |
| 5 | Construction | 32 | 9.1% | |
| 6 | Transportation and Warehousing | 29 | 8.3% | |
| 7 | Professional, Scientific, and Technical Services | 26 | 7.4% | |
| 8 | Arts, Entertainment, and Recreation | 22 | 6.3% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 39 | 11.1% | |
| 2 | Traveler AccommodationNAICS 7211 | 28 | 8.0% | |
| 3 | General Freight TruckingNAICS 4841 | 19 | 5.4% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 19 | 5.4% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 12 | 3.4% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 11 | 3.1% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 11 | 3.1% | |
| 8 | Offices of DentistsNAICS 6212 | 10 | 2.9% | |
| 9 | Personal Care ServicesNAICS 8121 | 10 | 2.9% | |
| 10 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 9 | 2.6% |
Approval sizes
- $50,001 to $150,0000.6%2
- $150,001 to $350,00010.0%35
- $350,001 to $1 million40.9%143
- $1 million to $2 million26.9%94
- Over $2 million21.7%76
Loan terms
- Over 5 to 10 years45.7%160
- Over 10 to 20 years11.4%40
- Over 20 years42.9%150
Age of the businesses
- Existing, more than 2 years old44.0%154
- New business, 2 years or less11.1%39
- Startup, loan funds will open the business15.7%55
- Change of ownership29.1%102
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 338 | 96.6% | |
| 2 | International Trade Loans | 10 | 2.9% | |
| 3 | 7a General | 2 | 0.6% |
Franchise share
41 of 350 approvals in FY2021–FY2025 (11.7%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Wingate by Wyndham | 2 | 0.6% | |
| 2 | Hyper Kidz | 2 | 0.6% | |
| 3 | Crumbl | 2 | 0.6% | |
| 4 | Sonesta ES Suites | 1 | 0.3% | |
| 5 | Hampton Inn by Hilton | 1 | 0.3% | |
| 6 | Best Western | 1 | 0.3% | |
| 7 | Baymont by Wyndham | 1 | 0.3% | |
| 8 | Red Roof Inn | 1 | 0.3% |
Questions and answers
How many SBA loans does Port 51 Lending LLC make?
SBA approved 226 7(a) loans through Port 51 Lending LLC in FY2025, worth $354M, and 350 over FY2021 to FY2025. That ranks 106th of 2,184 active 7(a) lenders by number of approvals.
How large are Port 51 Lending LLC's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $1.0M and the average $1.4M. The program-wide median was $190K.
What is Port 51 Lending LLC's charge-off rate?
Of 51 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 30 as paid in full and 21 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 Port 51 Lending LLC lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (39); traveler accommodation (28); general freight trucking (19); other amusement and recreation industries (19).
Where does Port 51 Lending LLC make SBA loans?
In 40 states and territories. California 100, Florida 31, Texas 25, Georgia 19, Illinois 13. In California it accounts for 0.3% of all 7(a) approvals.
Is Port 51 Lending LLC's SBA lending rising?
Approvals in the three latest complete fiscal years total 314, against 58 in the three before: rising (+441%).
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