Lenders › Santander Bank, National Association
7(a) lenderWilmington, DelawareFDIC-insured bank124th of 2,184 by approvals
Santander Bank, 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 305 7(a) loans, worth $21.3M, through Santander Bank, National Association of Wilmington, Delaware, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 124th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 55 approvals totalling $4.0M, down 30% on FY2024 (79). FY2026 to 30 Jun 2026 adds 23 more.
The median approval was $60K, against $190K for the 7(a) program as a whole; 96.1% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 8 states and territories and 53 counties, led by New Jersey (31.1%), Massachusetts (28.9%) and New York (12.5%). The largest industry group was construction at 49.2% of approvals, and 1.0% of approvals were to franchise businesses.
Of 2,839 disbursed loans approved in FY2010 to FY2021, SBA records 192 as charged off (6.8%), 2,493 as paid in full and 154 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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* | 23 | $1.5M | $60K | $64K | 92 |
| FY2025 | 55 | $4.0M | $77K | $73K | 319 |
| FY2024 | 79 | $5.3M | $58K | $67K | 405 |
| FY2023 | 79 | $6.5M | $75K | $82K | 568 |
| FY2022 | 91 | $5.1M | $48K | $56K | 365 |
| FY2021 | 1 | — | — | — | 4 |
| FY2020 | 115 | $17.3M | $121K | $151K | 930 |
| FY2019 | 298 | $49.5M | $100K | $166K | 2,273 |
| FY2018 | 291 | $44.7M | $89K | $154K | 1,863 |
| FY2017 | 240 | $28.6M | $72K | $119K | 1,081 |
| FY2016 | 273 | $37.2M | $70K | $136K | 1,538 |
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 1,217 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 Jersey | 7(a) program |
|---|---|---|---|
| Approvals in these years | 3,217 | 17,926 | 639,905 |
| Cancelled or never disbursed | 378 | 2,711 | 79,313 |
| Disbursed loans | 2,839 | 15,215 | 560,592 |
| Paid in full | 2,493 | 11,117 | 435,813 |
| Charged off | 192 | 1,263 | 36,891 |
| Still outstanding (status exempt from disclosure) | 154 | 2,835 | 87,888 |
| Charged off, share of disbursed loans | 6.8% | 8.3% | 6.6% |
| Dollars charged off, share of disbursed dollars | 4.7% | 2.6% | 2.5% |
| Dollars charged off | $17.9M | $172M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 1 | 1 | 0 | — | 2.8% |
| FY2020 | 103 | 68 | 5 | 4.9% | 4.0% |
| FY2019 | 272 | 195 | 23 | 8.5% | 6.7% |
| FY2018 | 268 | 208 | 22 | 8.2% | 7.9% |
| FY2017 | 208 | 185 | 10 | 4.8% | 7.7% |
| FY2016 | 239 | 218 | 13 | 5.4% | 7.2% |
| FY2015 | 275 | 264 | 6 | 2.2% | 6.9% |
| FY2014 | 363 | 344 | 18 | 5.0% | 6.4% |
| FY2013 | 308 | 289 | 18 | 5.8% | 6.0% |
| FY2012 | 301 | 276 | 21 | 7.0% | 6.3% |
| FY2011 | 293 | 263 | 30 | 10.2% | 6.9% |
| FY2010 | 208 | 182 | 26 | 12.5% | 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 | $60K | $190K |
| Average approval | $70K | $518K |
| Approvals of $150,000 or less | 96.1% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 8.5% | 34.3% |
| Approvals to franchise businesses | 1.0% | 11.5% |
| Jobs supported per approval, as reported | 5.4 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 6.8% | 6.6% |
States served
| # | State of the business (8 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New Jersey | 95 | $6.5M | 31.1% | |
| 2 | Massachusetts | 88 | $5.7M | 28.9% | |
| 3 | New York | 38 | $3.6M | 12.5% | |
| 4 | Pennsylvania | 34 | $2.5M | 11.1% | |
| 5 | Rhode Island | 27 | $1.6M | 8.9% | |
| 6 | Connecticut | 14 | $773K | 4.6% | |
| 7 | New Hampshire | 8 | $545K | 2.6% | |
| 8 | Maryland | 1 | — | 0.3% |
In New Jersey the lender accounts for 0.9% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (53 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Providence County, RI | 21 | $1.3M | 6.9% | |
| 2 | Middlesex County, MA | 16 | $1.6M | 5.2% | |
| 3 | Kings County, NY | 16 | $1.3M | 5.2% | |
| 4 | Middlesex County, NJ | 16 | $1.0M | 5.2% | |
| 5 | Suffolk County, MA | 15 | $1.2M | 4.9% | |
| 6 | Union County, NJ | 15 | $988K | 4.9% | |
| 7 | Plymouth County, MA | 15 | $953K | 4.9% | |
| 8 | Ocean County, NJ | 13 | $902K | 4.3% | |
| 9 | Monmouth County, NJ | 13 | $857K | 4.3% | |
| 10 | Capitol Planning Region, CT | 12 | $734K | 3.9% | |
| 11 | Essex County, NJ | 11 | $604K | 3.6% | |
| 12 | Essex County, MA | 11 | $562K | 3.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 150 | 49.2% | |
| 2 | Accommodation and Food Services | 62 | 20.3% | |
| 3 | Transportation and Warehousing | 43 | 14.1% | |
| 4 | Retail Trade | 16 | 5.2% | |
| 5 | Real Estate and Rental and Leasing | 8 | 2.6% | |
| 6 | Wholesale Trade | 6 | 2.0% | |
| 7 | Professional, Scientific, and Technical Services | 6 | 2.0% | |
| 8 | Health Care and Social Assistance | 5 | 1.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 65 | 21.3% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 55 | 18.0% | |
| 3 | General Freight TruckingNAICS 4841 | 43 | 14.1% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 28 | 9.2% | |
| 5 | Building Finishing ContractorsNAICS 2383 | 27 | 8.9% | |
| 6 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 13 | 4.3% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 12 | 3.9% | |
| 8 | Grocery StoresNAICS 4451 | 10 | 3.3% | |
| 9 | Offices of Real Estate Agents and BrokersNAICS 5312 | 6 | 2.0% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 5 | 1.6% |
Approval sizes
- $50,000 or less44.6%136
- $50,001 to $150,00051.5%157
- $150,001 to $350,0003.0%9
- $350,001 to $1 million1.0%3
Loan terms
- 5 years or less4.3%13
- Over 5 to 10 years95.4%291
- Over 20 years0.3%1
Age of the businesses
- Existing, more than 2 years old91.1%278
- New business, 2 years or less6.9%21
- Startup, loan funds will open the business1.6%5
- Change of ownership0.3%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 304 | 99.7% | |
| 2 | Preferred Lenders Program | 1 | 0.3% |
Franchise share
3 of 305 approvals in FY2021–FY2025 (1.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Woof Gang Bakery and Grooming | 2 | 0.7% | |
| 2 | PieZoni's | 1 | 0.3% |
Questions and answers
How many SBA loans does Santander Bank, National Association make?
SBA approved 55 7(a) loans through Santander Bank, National Association in FY2025, worth $4.0M, and 305 over FY2021 to FY2025. That ranks 124th of 2,184 active 7(a) lenders by number of approvals.
How large are Santander Bank, National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $60K and the average $70K. The program-wide median was $190K.
What is Santander Bank, National Association's charge-off rate?
Of 2,839 disbursed loans approved in FY2010 to FY2021, SBA records 192 as charged off (6.8%), 2,493 as paid in full and 154 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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 Santander Bank, National Association lend to most?
By number of approvals in FY2021 to FY2025: residential building construction (65); restaurants and other eating places (55); general freight trucking (43); building equipment contractors (28).
Where does Santander Bank, National Association make SBA loans?
In 8 states and territories. New Jersey 95, Massachusetts 88, New York 38, Pennsylvania 34, Rhode Island 27. In New Jersey it accounts for 0.9% of all 7(a) approvals.
Is Santander Bank, National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 213, against 207 in the three before: broadly level (+3%).
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