States › Puerto Rico › FY2022
FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Puerto Rico, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 458 loans in Puerto Rico: 421 under 7(a) and 37 under 504, worth $91.9M.
That is about level with FY2021, when there were 452 approvals worth $102M.
Puerto Rico accounted for 0.8% of the 56,932 approvals nationwide that year. 11 lenders had at least one approval in the state; Banco Popular de Puerto Rico had the most, 244.
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 FY2022, of 11 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico | 7(a) | 244 | $43.9M | 53.3% | 189 | +55 |
| 2 | Oriental Bank | 7(a) | 137 | $20.2M | 29.9% | 192 | -55 |
| 3 | FirstBank Puerto Rico | 7(a) | 19 | $3.1M | 4.1% | 24 | -5 |
| 4 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 504 | 17 | $8.9M | 3.7% | 19 | -2 |
| 5 | Marketing Small Business Finance Corporation | 504 | 12 | $4.2M | 2.6% | 15 | -3 |
| 6 | Economic Development Bank for Puerto Rico | 7(a) | 11 | $2.4M | 2.4% | 0 | new |
| 7 | PYMES Financial Partners, Inc. | 504 | 8 | $4.0M | 1.7% | 7 | +1 |
| 8 | Cooperativa de Ahorro y Crédito de Arecibo (COOPACA) | 7(a) | 5 | $640K | 1.1% | 1 | +4 |
| 9 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 7(a) | 3 | $322K | 0.7% | 4 | -1 |
| 10 | Paragon Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 11 | BayFirst National Bank | 7(a) | 1 | — | 0.2% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | San Juan Municipio | 83 | $20.9M | 18.1% | 113 | -30 |
| 2 | Bayamon Municipio | 47 | $12.8M | 10.3% | 40 | +7 |
| 3 | Caguas Municipio | 28 | $7.6M | 6.1% | 28 | 0 |
| 4 | Arecibo Municipio | 22 | $2.6M | 4.8% | 6 | +16 |
| 5 | Guaynabo Municipio | 13 | $1.8M | 2.8% | 23 | -10 |
| 6 | Vega Alta Municipio | 13 | $1.6M | 2.8% | 4 | +9 |
| 7 | Carolina Municipio | 12 | $2.7M | 2.6% | 9 | +3 |
| 8 | Ponce Municipio | 12 | $789K | 2.6% | 21 | -9 |
| 9 | Mayaguez Municipio | 11 | $1.9M | 2.4% | 12 | -1 |
| 10 | Manati Municipio | 10 | $1.0M | 2.2% | 7 | +3 |
| 11 | Toa Baja Municipio | 10 | $1.6M | 2.2% | 4 | +6 |
| 12 | Trujillo Alto Municipio | 9 | $1.6M | 2.0% | 12 | -3 |
| 13 | Vega Baja Municipio | 8 | $1.1M | 1.7% | 6 | +2 |
| 14 | Fajardo Municipio | 8 | $2.3M | 1.7% | 2 | +6 |
| 15 | Juncos Municipio | 8 | $1.3M | 1.7% | 6 | +2 |
| 16 | Camuy Municipio | 8 | $877K | 1.7% | 4 | +4 |
| 17 | Cidra Municipio | 7 | $2.8M | 1.5% | 9 | -2 |
| 18 | Toa Alta Municipio | 7 | $556K | 1.5% | 2 | +5 |
| 19 | Dorado Municipio | 6 | $1.4M | 1.3% | 2 | +4 |
| 20 | Las Piedras Municipio | 6 | $1.4M | 1.3% | 5 | +1 |
| 21 | Aguadilla Municipio | 6 | $836K | 1.3% | 13 | -7 |
| 22 | Cabo Rojo Municipio | 6 | $555K | 1.3% | 0 | new |
| 23 | Coamo Municipio | 6 | $554K | 1.3% | 2 | +4 |
| 24 | Cayey Municipio | 6 | $4.5M | 1.3% | 3 | +3 |
| 25 | Hormigueros Municipio | 6 | $432K | 1.3% | 4 | +2 |
| 26 | San Sebastian Municipio | 6 | $367K | 1.3% | 4 | +2 |
| 27 | San German Municipio | 5 | $249K | 1.1% | 2 | +3 |
| 28 | Humacao Municipio | 4 | $561K | 0.9% | 6 | -2 |
| 29 | Barceloneta Municipio | 4 | $687K | 0.9% | 1 | +3 |
| 30 | Luquillo Municipio | 4 | $460K | 0.9% | 1 | +3 |
| 31 | Juana Diaz Municipio | 4 | $223K | 0.9% | 3 | +1 |
| 32 | Orocovis Municipio | 4 | $315K | 0.9% | 3 | +1 |
| 33 | Corozal Municipio | 4 | $509K | 0.9% | 2 | +2 |
| 34 | Lares Municipio | 3 | $271K | 0.7% | 0 | new |
| 35 | Rincon Municipio | 3 | $535K | 0.7% | 6 | -3 |
| 36 | Anasco Municipio | 3 | $2.5M | 0.7% | 0 | new |
| 37 | Salinas Municipio | 3 | $196K | 0.7% | 1 | +2 |
| 38 | Aguada Municipio | 3 | $646K | 0.7% | 4 | -1 |
| 39 | Utuado Municipio | 3 | $365K | 0.7% | 1 | +2 |
| 40 | Ciales Municipio | 3 | $75K | 0.7% | 1 | +2 |
The 40 counties with the most approvals; every county is on the Puerto Rico page.
FY2022 against FY2021
| Puerto Rico | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 421 | 411 |
| 7(a) dollars | $74.8M | $89.3M |
| Median 7(a) approval | $100K | $128K |
| 504 approvals | 37 | 41 |
| 504 dollars | $17.1M | $12.8M |
| Jobs supported, as reported | 5,991 | 5,672 |
Questions and answers
Which lenders made the most SBA loans in Puerto Rico in FY2022?
Banco Popular de Puerto Rico (244), Oriental Bank (137), FirstBank Puerto Rico (19), Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (17), Marketing Small Business Finance Corporation (12). 11 lenders had at least one approval.
How many SBA loans were approved in Puerto Rico in FY2022?
458: 421 under 7(a) worth $74.8M and 37 under 504 worth $17.1M.
Which Puerto Rico counties had the most SBA approvals in FY2022?
San Juan Municipio (83), Bayamon Municipio (47), Caguas Municipio (28), Arecibo Municipio (22), Guaynabo Municipio (13).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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