States › Puerto Rico › FY2020
FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Puerto Rico, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 369 loans in Puerto Rico: 328 under 7(a) and 41 under 504, worth $68.2M.
That is down 15% on FY2019, when there were 433 approvals worth $74.3M.
Puerto Rico accounted for 0.7% of the 49,417 approvals nationwide that year. 11 lenders had at least one approval in the state; Oriental Bank had the most, 154.
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 11 lenders with the most approvals to Puerto Rico businesses in FY2020, of 11 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Oriental Bank | 7(a) | 154 | $22.9M | 41.7% | 142 | +12 |
| 2 | Banco Popular de Puerto Rico | 7(a) | 138 | $19.0M | 37.4% | 175 | -37 |
| 3 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 504 | 25 | $8.7M | 6.8% | 30 | -5 |
| 4 | FirstBank Puerto Rico | 7(a) | 21 | $6.8M | 5.7% | 39 | -18 |
| 5 | Marketing Small Business Finance Corporation | 504 | 8 | $3.5M | 2.2% | 14 | -6 |
| 6 | PYMES Financial Partners, Inc. | 504 | 8 | $2.8M | 2.2% | 13 | -5 |
| 7 | Economic Development Bank for Puerto Rico | 7(a) | 7 | $1.0M | 1.9% | 16 | -9 |
| 8 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 7(a) | 5 | $659K | 1.4% | 2 | +3 |
| 9 | BayFirst National Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 10 | First Community Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 11 | Newtek Small Business Finance, Inc. | 7(a) | 1 | — | 0.3% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | San Juan Municipio | 105 | $16.7M | 28.5% | 112 | -7 |
| 2 | Bayamon Municipio | 32 | $5.3M | 8.7% | 29 | +3 |
| 3 | Caguas Municipio | 24 | $3.6M | 6.5% | 24 | 0 |
| 4 | Guaynabo Municipio | 18 | $5.1M | 4.9% | 13 | +5 |
| 5 | Ponce Municipio | 15 | $1.7M | 4.1% | 27 | -12 |
| 6 | Carolina Municipio | 14 | $3.1M | 3.8% | 14 | 0 |
| 7 | Aguadilla Municipio | 12 | $2.1M | 3.3% | 5 | +7 |
| 8 | Toa Baja Municipio | 11 | $1.2M | 3.0% | 19 | -8 |
| 9 | Arecibo Municipio | 10 | $2.5M | 2.7% | 14 | -4 |
| 10 | Mayaguez Municipio | 7 | $5.1M | 1.9% | 15 | -8 |
| 11 | Canovanas Municipio | 6 | $2.5M | 1.6% | 8 | -2 |
| 12 | Cabo Rojo Municipio | 6 | $686K | 1.6% | 7 | -1 |
| 13 | Rio Grande Municipio | 6 | $343K | 1.6% | 3 | +3 |
| 14 | Gurabo Municipio | 5 | $203K | 1.4% | 3 | +2 |
| 15 | Vega Baja Municipio | 5 | $541K | 1.4% | 2 | +3 |
| 16 | Las Piedras Municipio | 5 | $1.3M | 1.4% | 5 | 0 |
| 17 | Aguada Municipio | 5 | $835K | 1.4% | 2 | +3 |
| 18 | Isabela Municipio | 5 | $932K | 1.4% | 7 | -2 |
| 19 | San German Municipio | 5 | $664K | 1.4% | 5 | 0 |
| 20 | Vega Alta Municipio | 4 | $1.4M | 1.1% | 2 | +2 |
| 21 | Dorado Municipio | 4 | $492K | 1.1% | 2 | +2 |
| 22 | Guayanilla Municipio | 4 | $263K | 1.1% | 3 | +1 |
| 23 | Manati Municipio | 3 | $510K | 0.8% | 3 | 0 |
| 24 | Toa Alta Municipio | 3 | $270K | 0.8% | 2 | +1 |
| 25 | Cayey Municipio | 3 | $498K | 0.8% | 8 | -5 |
| 26 | Moca Municipio | 3 | $413K | 0.8% | 2 | +1 |
| 27 | Juana Diaz Municipio | 3 | $751K | 0.8% | 2 | +1 |
| 28 | San Lorenzo Municipio | 3 | $644K | 0.8% | 1 | +2 |
| 29 | Humacao Municipio | 2 | — | 0.5% | 4 | -2 |
| 30 | Guayama Municipio | 2 | — | 0.5% | 6 | -4 |
| 31 | Fajardo Municipio | 2 | — | 0.5% | 3 | -1 |
| 32 | Cidra Municipio | 2 | — | 0.5% | 3 | -1 |
| 33 | Naranjito Municipio | 2 | — | 0.5% | 3 | -1 |
| 34 | Coamo Municipio | 2 | — | 0.5% | 6 | -4 |
| 35 | Utuado Municipio | 2 | — | 0.5% | 0 | new |
| 36 | San Sebastian Municipio | 2 | — | 0.5% | 7 | -5 |
| 37 | Juncos Municipio | 2 | — | 0.5% | 2 | 0 |
| 38 | Santa Isabel Municipio | 2 | — | 0.5% | 0 | new |
| 39 | Quebradillas Municipio | 2 | — | 0.5% | 2 | 0 |
| 40 | Catano Municipio | 2 | — | 0.5% | 7 | -5 |
The 40 counties with the most approvals; every county is on the Puerto Rico page.
FY2020 against FY2019
| Puerto Rico | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 328 | 376 |
| 7(a) dollars | $53.3M | $52.8M |
| Median 7(a) approval | $103K | $74K |
| 504 approvals | 41 | 57 |
| 504 dollars | $14.9M | $21.5M |
| Jobs supported, as reported | 4,317 | 4,314 |
Questions and answers
Which lenders made the most SBA loans in Puerto Rico in FY2020?
Oriental Bank (154), Banco Popular de Puerto Rico (138), Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (25), FirstBank Puerto Rico (21), Marketing Small Business Finance Corporation (8). 11 lenders had at least one approval.
How many SBA loans were approved in Puerto Rico in FY2020?
369: 328 under 7(a) worth $53.3M and 41 under 504 worth $14.9M.
Which Puerto Rico counties had the most SBA approvals in FY2020?
San Juan Municipio (105), Bayamon Municipio (32), Caguas Municipio (24), Guaynabo Municipio (18), Ponce Municipio (15).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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