States › Puerto Rico › FY2019
FY20191 Oct 2018 – 30 Sep 2019
SBA loans in Puerto Rico, FY2019
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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 433 loans in Puerto Rico: 376 under 7(a) and 57 under 504, worth $74.3M.
That is up 35% on FY2018, when there were 320 approvals worth $58.6M.
Puerto Rico accounted for 0.7% of the 58,006 approvals nationwide that year. 10 lenders had at least one approval in the state; Banco Popular de Puerto Rico had the most, 175.
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 10 lenders with the most approvals to Puerto Rico businesses in FY2019, of 10 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico | 7(a) | 175 | $21.5M | 40.4% | 176 | -1 |
| 2 | Oriental Bank | 7(a) | 142 | $15.9M | 32.8% | 62 | +80 |
| 3 | FirstBank Puerto Rico | 7(a) | 39 | $8.6M | 9.0% | 32 | +7 |
| 4 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 504 | 30 | $10.8M | 6.9% | 22 | +8 |
| 5 | Economic Development Bank for Puerto Rico | 7(a) | 16 | $1.9M | 3.7% | 13 | +3 |
| 6 | Marketing Small Business Finance Corporation | 504 | 14 | $4.6M | 3.2% | 10 | +4 |
| 7 | PYMES Financial Partners, Inc. | 504 | 13 | $6.1M | 3.0% | 3 | +10 |
| 8 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 7(a) | 2 | — | 0.5% | 0 | new |
| 9 | First Community Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 10 | Live Oak Banking Company | 7(a) | 1 | — | 0.2% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | San Juan Municipio | 112 | $20.8M | 25.9% | 66 | +46 |
| 2 | Bayamon Municipio | 29 | $6.2M | 6.7% | 27 | +2 |
| 3 | Ponce Municipio | 27 | $2.4M | 6.2% | 9 | +18 |
| 4 | Caguas Municipio | 24 | $3.1M | 5.5% | 22 | +2 |
| 5 | Toa Baja Municipio | 19 | $4.5M | 4.4% | 11 | +8 |
| 6 | Mayaguez Municipio | 15 | $1.9M | 3.5% | 7 | +8 |
| 7 | Carolina Municipio | 14 | $1.6M | 3.2% | 14 | 0 |
| 8 | Arecibo Municipio | 14 | $4.0M | 3.2% | 4 | +10 |
| 9 | Guaynabo Municipio | 13 | $1.4M | 3.0% | 21 | -8 |
| 10 | Canovanas Municipio | 8 | $2.1M | 1.8% | 0 | new |
| 11 | Cayey Municipio | 8 | $3.6M | 1.8% | 6 | +2 |
| 12 | Trujillo Alto Municipio | 7 | $374K | 1.6% | 4 | +3 |
| 13 | Cabo Rojo Municipio | 7 | $587K | 1.6% | 4 | +3 |
| 14 | San Sebastian Municipio | 7 | $541K | 1.6% | 3 | +4 |
| 15 | Isabela Municipio | 7 | $569K | 1.6% | 4 | +3 |
| 16 | Catano Municipio | 7 | $627K | 1.6% | 7 | 0 |
| 17 | Guayama Municipio | 6 | $823K | 1.4% | 3 | +3 |
| 18 | Coamo Municipio | 6 | $460K | 1.4% | 5 | +1 |
| 19 | Yauco Municipio | 5 | $374K | 1.2% | 3 | +2 |
| 20 | Las Piedras Municipio | 5 | $768K | 1.2% | 0 | new |
| 21 | Aguadilla Municipio | 5 | $980K | 1.2% | 7 | -2 |
| 22 | Luquillo Municipio | 5 | $351K | 1.2% | 0 | new |
| 23 | San German Municipio | 5 | $635K | 1.2% | 7 | -2 |
| 24 | Humacao Municipio | 4 | $565K | 0.9% | 1 | +3 |
| 25 | Barranquitas Municipio | 4 | $358K | 0.9% | 0 | new |
| 26 | Lajas Municipio | 4 | $1.5M | 0.9% | 1 | +3 |
| 27 | Jayuya Municipio | 3 | $140K | 0.7% | 2 | +1 |
| 28 | Manati Municipio | 3 | $1.3M | 0.7% | 2 | +1 |
| 29 | Gurabo Municipio | 3 | $110K | 0.7% | 0 | new |
| 30 | Fajardo Municipio | 3 | $395K | 0.7% | 4 | -1 |
| 31 | Cidra Municipio | 3 | $60K | 0.7% | 7 | -4 |
| 32 | Naranjito Municipio | 3 | $404K | 0.7% | 3 | 0 |
| 33 | Rio Grande Municipio | 3 | $506K | 0.7% | 2 | +1 |
| 34 | Camuy Municipio | 3 | $262K | 0.7% | 4 | -1 |
| 35 | Aguas Buenas Municipio | 3 | $270K | 0.7% | 2 | +1 |
| 36 | Guayanilla Municipio | 3 | $5.1M | 0.7% | 0 | new |
| 37 | Vega Alta Municipio | 2 | — | 0.5% | 3 | -1 |
| 38 | Vega Baja Municipio | 2 | — | 0.5% | 4 | -2 |
| 39 | Dorado Municipio | 2 | — | 0.5% | 3 | -1 |
| 40 | Salinas Municipio | 2 | — | 0.5% | 2 | 0 |
The 40 counties with the most approvals; every county is on the Puerto Rico page.
FY2019 against FY2018
| Puerto Rico | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 376 | 285 |
| 7(a) dollars | $52.8M | $49.6M |
| Median 7(a) approval | $74K | $75K |
| 504 approvals | 57 | 35 |
| 504 dollars | $21.5M | $9.1M |
| Jobs supported, as reported | 4,314 | 3,053 |
Questions and answers
Which lenders made the most SBA loans in Puerto Rico in FY2019?
Banco Popular de Puerto Rico (175), Oriental Bank (142), FirstBank Puerto Rico (39), Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (30), Economic Development Bank for Puerto Rico (16). 10 lenders had at least one approval.
How many SBA loans were approved in Puerto Rico in FY2019?
433: 376 under 7(a) worth $52.8M and 57 under 504 worth $21.5M.
Which Puerto Rico counties had the most SBA approvals in FY2019?
San Juan Municipio (112), Bayamon Municipio (29), Ponce Municipio (27), Caguas Municipio (24), Toa Baja Municipio (19).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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