States › Puerto Rico › FY2021
FY20211 Oct 2020 – 30 Sep 2021
SBA loans in Puerto Rico, FY2021
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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 452 loans in Puerto Rico: 411 under 7(a) and 41 under 504, worth $102M.
That is up 22% on FY2020, when there were 369 approvals worth $68.2M.
Puerto Rico accounted for 0.7% of the 61,532 approvals nationwide that year. 9 lenders had at least one approval in the state; Oriental Bank had the most, 192.
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 FY2021, of 9 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Oriental Bank | 7(a) | 192 | $33.3M | 42.5% | 154 | +38 |
| 2 | Banco Popular de Puerto Rico | 7(a) | 189 | $51.0M | 41.8% | 138 | +51 |
| 3 | FirstBank Puerto Rico | 7(a) | 24 | $4.1M | 5.3% | 21 | +3 |
| 4 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 504 | 19 | $4.5M | 4.2% | 25 | -6 |
| 5 | Marketing Small Business Finance Corporation | 504 | 15 | $6.8M | 3.3% | 8 | +7 |
| 6 | PYMES Financial Partners, Inc. | 504 | 7 | $1.5M | 1.5% | 8 | -1 |
| 7 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 7(a) | 4 | $487K | 0.9% | 5 | -1 |
| 8 | First Business Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 9 | Cooperativa de Ahorro y Crédito de Arecibo (COOPACA) | 7(a) | 1 | — | 0.2% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|
| 1 | San Juan Municipio | 113 | $25.9M | 25.0% | 105 | +8 |
| 2 | Bayamon Municipio | 40 | $9.6M | 8.8% | 32 | +8 |
| 3 | Caguas Municipio | 28 | $11.2M | 6.2% | 24 | +4 |
| 4 | Guaynabo Municipio | 23 | $5.6M | 5.1% | 18 | +5 |
| 5 | Ponce Municipio | 21 | $9.3M | 4.6% | 15 | +6 |
| 6 | Aguadilla Municipio | 13 | $2.1M | 2.9% | 12 | +1 |
| 7 | Mayaguez Municipio | 12 | $2.9M | 2.7% | 7 | +5 |
| 8 | Trujillo Alto Municipio | 12 | $5.6M | 2.7% | 1 | +11 |
| 9 | Carolina Municipio | 9 | $2.2M | 2.0% | 14 | -5 |
| 10 | Cidra Municipio | 9 | $806K | 2.0% | 2 | +7 |
| 11 | Manati Municipio | 7 | $839K | 1.5% | 3 | +4 |
| 12 | Humacao Municipio | 6 | $929K | 1.3% | 2 | +4 |
| 13 | Guayama Municipio | 6 | $1.1M | 1.3% | 2 | +4 |
| 14 | Vega Baja Municipio | 6 | $645K | 1.3% | 5 | +1 |
| 15 | Hatillo Municipio | 6 | $788K | 1.3% | 1 | +5 |
| 16 | Rincon Municipio | 6 | $591K | 1.3% | 1 | +5 |
| 17 | Naranjito Municipio | 6 | $733K | 1.3% | 2 | +4 |
| 18 | Arecibo Municipio | 6 | $1.1M | 1.3% | 10 | -4 |
| 19 | Juncos Municipio | 6 | $1.4M | 1.3% | 2 | +4 |
| 20 | Guayanilla Municipio | 6 | $305K | 1.3% | 4 | +2 |
| 21 | Las Piedras Municipio | 5 | $610K | 1.1% | 5 | 0 |
| 22 | Moca Municipio | 5 | $493K | 1.1% | 3 | +2 |
| 23 | Vega Alta Municipio | 4 | $1.4M | 0.9% | 4 | 0 |
| 24 | Toa Baja Municipio | 4 | $1.1M | 0.9% | 11 | -7 |
| 25 | Lajas Municipio | 4 | $410K | 0.9% | 1 | +3 |
| 26 | Hormigueros Municipio | 4 | $1.1M | 0.9% | 1 | +3 |
| 27 | Aguada Municipio | 4 | $469K | 0.9% | 5 | -1 |
| 28 | San Sebastian Municipio | 4 | $924K | 0.9% | 2 | +2 |
| 29 | Isabela Municipio | 4 | $232K | 0.9% | 5 | -1 |
| 30 | Santa Isabel Municipio | 4 | $996K | 0.9% | 2 | +2 |
| 31 | Camuy Municipio | 4 | $428K | 0.9% | 0 | new |
| 32 | Sabana Grande Municipio | 4 | $346K | 0.9% | 1 | +3 |
| 33 | Cayey Municipio | 3 | $300K | 0.7% | 3 | 0 |
| 34 | Rio Grande Municipio | 3 | $409K | 0.7% | 6 | -3 |
| 35 | Juana Diaz Municipio | 3 | $456K | 0.7% | 3 | 0 |
| 36 | Orocovis Municipio | 3 | $2.3M | 0.7% | 0 | new |
| 37 | Villalba Municipio | 3 | $70K | 0.7% | 1 | +2 |
| 38 | Aguas Buenas Municipio | 3 | $193K | 0.7% | 2 | +1 |
| 39 | Gurabo Municipio | 2 | — | 0.4% | 5 | -3 |
| 40 | Fajardo Municipio | 2 | — | 0.4% | 2 | 0 |
The 40 counties with the most approvals; every county is on the Puerto Rico page.
FY2021 against FY2020
| Puerto Rico | FY2021 | FY2020 |
|---|---|---|
| 7(a) approvals | 411 | 328 |
| 7(a) dollars | $89.3M | $53.3M |
| Median 7(a) approval | $128K | $103K |
| 504 approvals | 41 | 41 |
| 504 dollars | $12.8M | $14.9M |
| Jobs supported, as reported | 5,672 | 4,317 |
Questions and answers
Which lenders made the most SBA loans in Puerto Rico in FY2021?
Oriental Bank (192), Banco Popular de Puerto Rico (189), FirstBank Puerto Rico (24), Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (19), Marketing Small Business Finance Corporation (15). 9 lenders had at least one approval.
How many SBA loans were approved in Puerto Rico in FY2021?
452: 411 under 7(a) worth $89.3M and 41 under 504 worth $12.8M.
Which Puerto Rico counties had the most SBA approvals in FY2021?
San Juan Municipio (113), Bayamon Municipio (40), Caguas Municipio (28), Guaynabo Municipio (23), Ponce Municipio (21).
When does FY2021 start and end?
The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.
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