States › Puerto Rico › FY2016
FY20161 Oct 2015 – 30 Sep 2016
SBA loans in Puerto Rico, FY2016
That fiscal year's approvals by lender and by county.
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 FY2016 (1 October 2015 to 30 September 2016) SBA approved 685 loans in Puerto Rico: 620 under 7(a) and 65 under 504, worth $93.8M.
That is about level with FY2015, when there were 667 approvals worth $76.0M.
Puerto Rico accounted for 1.0% of the 70,012 approvals nationwide that year. 8 lenders had at least one approval in the state; Banco Popular de Puerto Rico had the most, 427.
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. Data through 30 Jun 2026.
Approvals by lender
The 8 lenders with the most approvals to Puerto Rico businesses in FY2016, of 8 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico | 7(a) | 427 | $39.6M | 62.3% | 369 | +58 |
| 2 | FirstBank Puerto Rico | 7(a) | 92 | $16.1M | 13.4% | 163 | -71 |
| 3 | Economic Development Bank for Puerto Rico | 7(a) | 73 | $8.5M | 10.7% | 43 | +30 |
| 4 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 504 | 34 | $10.3M | 5.0% | 39 | -5 |
| 5 | Oriental Bank | 7(a) | 27 | $3.0M | 3.9% | 26 | +1 |
| 6 | PYMES Financial Partners, Inc. | 504 | 16 | $6.8M | 2.3% | 11 | +5 |
| 7 | Marketing Small Business Finance Corporation | 504 | 15 | $4.5M | 2.2% | 14 | +1 |
| 8 | Live Oak Banking Company | 7(a) | 1 | — | 0.1% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | San Juan Municipio | 126 | $19.6M | 18.4% | 145 | -19 |
| 2 | Caguas Municipio | 46 | $4.5M | 6.7% | 35 | +11 |
| 3 | Bayamon Municipio | 42 | $5.5M | 6.1% | 32 | +10 |
| 4 | Ponce Municipio | 35 | $3.0M | 5.1% | 35 | 0 |
| 5 | Guaynabo Municipio | 25 | $2.4M | 3.6% | 34 | -9 |
| 6 | Carolina Municipio | 21 | $2.7M | 3.1% | 25 | -4 |
| 7 | Mayaguez Municipio | 21 | $2.0M | 3.1% | 17 | +4 |
| 8 | Arecibo Municipio | 21 | $2.9M | 3.1% | 9 | +12 |
| 9 | Aguadilla Municipio | 15 | $1.7M | 2.2% | 8 | +7 |
| 10 | Guayama Municipio | 13 | $500K | 1.9% | 6 | +7 |
| 11 | Cabo Rojo Municipio | 12 | $768K | 1.8% | 5 | +7 |
| 12 | Coamo Municipio | 12 | $4.3M | 1.8% | 4 | +8 |
| 13 | Isabela Municipio | 11 | $531K | 1.6% | 8 | +3 |
| 14 | Manati Municipio | 10 | $1.2M | 1.5% | 5 | +5 |
| 15 | Fajardo Municipio | 10 | $1.0M | 1.5% | 7 | +3 |
| 16 | San Sebastian Municipio | 10 | $1.1M | 1.5% | 6 | +4 |
| 17 | Toa Baja Municipio | 9 | $1.1M | 1.3% | 21 | -12 |
| 18 | Moca Municipio | 9 | $1.1M | 1.3% | 7 | +2 |
| 19 | Juana Diaz Municipio | 9 | $562K | 1.3% | 9 | 0 |
| 20 | Camuy Municipio | 9 | $873K | 1.3% | 3 | +6 |
| 21 | Trujillo Alto Municipio | 8 | $451K | 1.2% | 6 | +2 |
| 22 | Gurabo Municipio | 8 | $707K | 1.2% | 8 | 0 |
| 23 | Vega Baja Municipio | 8 | $4.3M | 1.2% | 5 | +3 |
| 24 | Canovanas Municipio | 8 | $701K | 1.2% | 5 | +3 |
| 25 | Las Piedras Municipio | 8 | $586K | 1.2% | 7 | +1 |
| 26 | Sabana Grande Municipio | 8 | $9.6M | 1.2% | 7 | +1 |
| 27 | Jayuya Municipio | 7 | $323K | 1.0% | 3 | +4 |
| 28 | Dorado Municipio | 7 | $881K | 1.0% | 13 | -6 |
| 29 | Rio Grande Municipio | 7 | $407K | 1.0% | 6 | +1 |
| 30 | Yauco Municipio | 6 | $429K | 0.9% | 14 | -8 |
| 31 | Humacao Municipio | 6 | $160K | 0.9% | 9 | -3 |
| 32 | Lares Municipio | 6 | $576K | 0.9% | 2 | +4 |
| 33 | Lajas Municipio | 6 | $430K | 0.9% | 5 | +1 |
| 34 | Juncos Municipio | 6 | $2.0M | 0.9% | 4 | +2 |
| 35 | Corozal Municipio | 6 | $190K | 0.9% | 12 | -6 |
| 36 | San German Municipio | 6 | $766K | 0.9% | 8 | -2 |
| 37 | Vega Alta Municipio | 5 | $784K | 0.7% | 2 | +3 |
| 38 | Anasco Municipio | 5 | $439K | 0.7% | 3 | +2 |
| 39 | Cayey Municipio | 5 | $2.4M | 0.7% | 8 | -3 |
| 40 | Aguada Municipio | 5 | $165K | 0.7% | 10 | -5 |
The 40 counties with the most approvals; every county is on the Puerto Rico page.
FY2016 against FY2015
| Puerto Rico | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 620 | 603 |
| 7(a) dollars | $72.2M | $50.9M |
| Median 7(a) approval | $50K | $36K |
| 504 approvals | 65 | 64 |
| 504 dollars | $21.6M | $25.2M |
| Jobs supported, as reported | 6,172 | 5,567 |
Questions and answers
Which lenders made the most SBA loans in Puerto Rico in FY2016?
Banco Popular de Puerto Rico (427), FirstBank Puerto Rico (92), Economic Development Bank for Puerto Rico (73), Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (34), Oriental Bank (27). 8 lenders had at least one approval.
How many SBA loans were approved in Puerto Rico in FY2016?
685: 620 under 7(a) worth $72.2M and 65 under 504 worth $21.6M.
Which Puerto Rico counties had the most SBA approvals in FY2016?
San Juan Municipio (126), Caguas Municipio (46), Bayamon Municipio (42), Ponce Municipio (35), Guaynabo Municipio (25).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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