States › Puerto Rico › FY2018
FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Puerto Rico, FY2018
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 320 loans in Puerto Rico: 285 under 7(a) and 35 under 504, worth $58.6M.
That is down 20% on FY2017, when there were 401 approvals worth $54.3M.
Puerto Rico accounted for 0.5% of the 66,228 approvals nationwide that year. 9 lenders had at least one approval in the state; Banco Popular de Puerto Rico had the most, 176.
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 9 lenders with the most approvals to Puerto Rico businesses in FY2018, of 9 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico | 7(a) | 176 | $29.4M | 55.0% | 239 | -63 |
| 2 | Oriental Bank | 7(a) | 62 | $7.4M | 19.4% | 17 | +45 |
| 3 | FirstBank Puerto Rico | 7(a) | 32 | $4.1M | 10.0% | 56 | -24 |
| 4 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 504 | 22 | $5.2M | 6.9% | 21 | +1 |
| 5 | Economic Development Bank for Puerto Rico | 7(a) | 13 | $1.1M | 4.1% | 41 | -28 |
| 6 | Marketing Small Business Finance Corporation | 504 | 10 | $3.3M | 3.1% | 11 | -1 |
| 7 | PYMES Financial Partners, Inc. | 504 | 3 | $479K | 0.9% | 9 | -6 |
| 8 | Live Oak Banking Company | 7(a) | 1 | — | 0.3% | 0 | new |
| 9 | Seacoast National Bank | 7(a) | 1 | — | 0.3% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | San Juan Municipio | 66 | $15.1M | 20.6% | 82 | -16 |
| 2 | Bayamon Municipio | 27 | $2.6M | 8.4% | 23 | +4 |
| 3 | Caguas Municipio | 22 | $4.3M | 6.9% | 33 | -11 |
| 4 | Guaynabo Municipio | 21 | $2.3M | 6.6% | 18 | +3 |
| 5 | Carolina Municipio | 14 | $783K | 4.4% | 22 | -8 |
| 6 | Toa Baja Municipio | 11 | $1.5M | 3.4% | 5 | +6 |
| 7 | Ponce Municipio | 9 | $5.6M | 2.8% | 10 | -1 |
| 8 | Mayaguez Municipio | 7 | $1.0M | 2.2% | 15 | -8 |
| 9 | Cidra Municipio | 7 | $788K | 2.2% | 5 | +2 |
| 10 | Aguadilla Municipio | 7 | $4.8M | 2.2% | 6 | +1 |
| 11 | Catano Municipio | 7 | $3.3M | 2.2% | 0 | new |
| 12 | San German Municipio | 7 | $190K | 2.2% | 5 | +2 |
| 13 | San Lorenzo Municipio | 7 | $646K | 2.2% | 2 | +5 |
| 14 | Cayey Municipio | 6 | $303K | 1.9% | 6 | 0 |
| 15 | Coamo Municipio | 5 | $505K | 1.6% | 5 | 0 |
| 16 | Trujillo Alto Municipio | 4 | $306K | 1.3% | 0 | new |
| 17 | Vega Baja Municipio | 4 | $1.3M | 1.3% | 5 | -1 |
| 18 | Fajardo Municipio | 4 | $822K | 1.3% | 4 | 0 |
| 19 | Arecibo Municipio | 4 | $2.9M | 1.3% | 6 | -2 |
| 20 | Cabo Rojo Municipio | 4 | $394K | 1.3% | 11 | -7 |
| 21 | Toa Alta Municipio | 4 | $315K | 1.3% | 1 | +3 |
| 22 | Aguada Municipio | 4 | $638K | 1.3% | 9 | -5 |
| 23 | Isabela Municipio | 4 | $753K | 1.3% | 5 | -1 |
| 24 | Santa Isabel Municipio | 4 | $215K | 1.3% | 1 | +3 |
| 25 | Camuy Municipio | 4 | $652K | 1.3% | 3 | +1 |
| 26 | Yauco Municipio | 3 | $135K | 0.9% | 2 | +1 |
| 27 | Vega Alta Municipio | 3 | $558K | 0.9% | 6 | -3 |
| 28 | Guayama Municipio | 3 | $227K | 0.9% | 2 | +1 |
| 29 | Dorado Municipio | 3 | $557K | 0.9% | 5 | -2 |
| 30 | Barceloneta Municipio | 3 | $333K | 0.9% | 2 | +1 |
| 31 | Naranjito Municipio | 3 | $525K | 0.9% | 0 | new |
| 32 | San Sebastian Municipio | 3 | $90K | 0.9% | 1 | +2 |
| 33 | Jayuya Municipio | 2 | — | 0.6% | 1 | +1 |
| 34 | Manati Municipio | 2 | — | 0.6% | 7 | -5 |
| 35 | Rincon Municipio | 2 | — | 0.6% | 1 | +1 |
| 36 | Salinas Municipio | 2 | — | 0.6% | 2 | 0 |
| 37 | Rio Grande Municipio | 2 | — | 0.6% | 1 | +1 |
| 38 | Ciales Municipio | 2 | — | 0.6% | 0 | new |
| 39 | Yabucoa Municipio | 2 | — | 0.6% | 0 | new |
| 40 | Villalba Municipio | 2 | — | 0.6% | 1 | +1 |
The 40 counties with the most approvals; every county is on the Puerto Rico page.
FY2018 against FY2017
| Puerto Rico | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 285 | 360 |
| 7(a) dollars | $49.6M | $43.0M |
| Median 7(a) approval | $75K | $55K |
| 504 approvals | 35 | 41 |
| 504 dollars | $9.1M | $11.3M |
| Jobs supported, as reported | 3,053 | 3,896 |
Questions and answers
Which lenders made the most SBA loans in Puerto Rico in FY2018?
Banco Popular de Puerto Rico (176), Oriental Bank (62), FirstBank Puerto Rico (32), Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (22), Economic Development Bank for Puerto Rico (13). 9 lenders had at least one approval.
How many SBA loans were approved in Puerto Rico in FY2018?
320: 285 under 7(a) worth $49.6M and 35 under 504 worth $9.1M.
Which Puerto Rico counties had the most SBA approvals in FY2018?
San Juan Municipio (66), Bayamon Municipio (27), Caguas Municipio (22), Guaynabo Municipio (21), Carolina Municipio (14).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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