SBA loans in Puerto Rico, FY2017

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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 401 loans in Puerto Rico: 360 under 7(a) and 41 under 504, worth $54.3M.

That is down 41% on FY2016, when there were 685 approvals worth $93.8M.

Puerto Rico accounted for 0.6% of the 68,648 approvals nationwide that year. 12 lenders had at least one approval in the state; Banco Popular de Puerto Rico had the most, 239.

401approvalsFY2016: 685

$54.3Mdollars approvedFY2016: $93.8M

$55Kmedian 7(a) approvalFY2016: $50K

12lenders with an approval

3,896jobs supported, as reported

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 12 lenders with the most approvals to Puerto Rico businesses in FY2017, of 12 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2016	Change
1	Banco Popular de Puerto Rico	7(a)	239	$28.2M	59.6%	427	-188
2	FirstBank Puerto Rico	7(a)	56	$6.8M	14.0%	92	-36
3	Economic Development Bank for Puerto Rico	7(a)	41	$4.0M	10.2%	73	-32
4	Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)	504	21	$6.8M	5.2%	34	-13
5	Oriental Bank	7(a)	17	$1.7M	4.2%	27	-10
6	Marketing Small Business Finance Corporation	504	11	$2.6M	2.7%	15	-4
7	PYMES Financial Partners, Inc.	504	9	$1.9M	2.2%	16	-7
8	Highland Bank	7(a)	2	—	0.5%	0	new
9	Cooperativa de Ahorro y Crédito de Arecibo (COOPACA)	7(a)	2	—	0.5%	0	new
10	Celtic Bank Corporation	7(a)	1	—	0.2%	0	new
11	The Bancorp Bank National Association	7(a)	1	—	0.2%	0	new
12	Grow America Fund, Incorporated	7(a)	1	—	0.2%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2016	Change
1	San Juan Municipio	82	$11.5M	20.4%	126	-44
2	Caguas Municipio	33	$4.0M	8.2%	46	-13
3	Bayamon Municipio	23	$4.4M	5.7%	42	-19
4	Carolina Municipio	22	$3.2M	5.5%	21	+1
5	Guaynabo Municipio	18	$2.4M	4.5%	25	-7
6	Mayaguez Municipio	15	$952K	3.7%	21	-6
7	Cabo Rojo Municipio	11	$1.1M	2.7%	12	-1
8	Ponce Municipio	10	$898K	2.5%	35	-25
9	Aguada Municipio	9	$1.1M	2.2%	5	+4
10	Luquillo Municipio	8	$1.1M	2.0%	4	+4
11	Guayanilla Municipio	8	$502K	2.0%	3	+5
12	Manati Municipio	7	$1.1M	1.7%	10	-3
13	Juana Diaz Municipio	7	$200K	1.7%	9	-2
14	Vega Alta Municipio	6	$534K	1.5%	5	+1
15	Hatillo Municipio	6	$362K	1.5%	3	+3
16	Aguadilla Municipio	6	$2.9M	1.5%	15	-9
17	Arecibo Municipio	6	$1.8M	1.5%	21	-15
18	Cayey Municipio	6	$795K	1.5%	5	+1
19	Orocovis Municipio	6	$508K	1.5%	2	+4
20	Vega Baja Municipio	5	$822K	1.2%	8	-3
21	Cidra Municipio	5	$297K	1.2%	2	+3
22	Dorado Municipio	5	$1.4M	1.2%	7	-2
23	Toa Baja Municipio	5	$656K	1.2%	9	-4
24	Coamo Municipio	5	$342K	1.2%	12	-7
25	Isabela Municipio	5	$272K	1.2%	11	-6
26	San German Municipio	5	$370K	1.2%	6	-1
27	Gurabo Municipio	4	$269K	1.0%	8	-4
28	Fajardo Municipio	4	$456K	1.0%	10	-6
29	Lajas Municipio	4	$600K	1.0%	6	-2
30	Moca Municipio	4	$552K	1.0%	9	-5
31	Arroyo Municipio	4	$175K	1.0%	3	+1
32	Humacao Municipio	3	$741K	0.7%	6	-3
33	Lares Municipio	3	$425K	0.7%	6	-3
34	Guanica Municipio	3	$128K	0.7%	5	-2
35	Camuy Municipio	3	$60K	0.7%	9	-6
36	Yauco Municipio	2	—	0.5%	6	-4
37	Guayama Municipio	2	—	0.5%	13	-11
38	Barceloneta Municipio	2	—	0.5%	1	+1
39	Canovanas Municipio	2	—	0.5%	8	-6
40	Las Piedras Municipio	2	—	0.5%	8	-6

The 40 counties with the most approvals; every county is on the Puerto Rico page.

FY2017 against FY2016

Puerto Rico	FY2017	FY2016
7(a) approvals	360	620
7(a) dollars	$43.0M	$72.2M
Median 7(a) approval	$55K	$50K
504 approvals	41	65
504 dollars	$11.3M	$21.6M
Jobs supported, as reported	3,896	6,172

Questions and answers

Which lenders made the most SBA loans in Puerto Rico in FY2017?

Banco Popular de Puerto Rico (239), FirstBank Puerto Rico (56), Economic Development Bank for Puerto Rico (41), Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (21), Oriental Bank (17). 12 lenders had at least one approval.

How many SBA loans were approved in Puerto Rico in FY2017?

401: 360 under 7(a) worth $43.0M and 41 under 504 worth $11.3M.

Which Puerto Rico counties had the most SBA approvals in FY2017?

San Juan Municipio (82), Caguas Municipio (33), Bayamon Municipio (23), Carolina Municipio (22), Guaynabo Municipio (18).

When does FY2017 start and end?

The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.

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