SBA loans in Puerto Rico, FY2023

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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 527 loans in Puerto Rico: 461 under 7(a) and 66 under 504, worth $108M.

That is up 15% on FY2022, when there were 458 approvals worth $91.9M.

Puerto Rico accounted for 0.8% of the 63,286 approvals nationwide that year. 10 lenders had at least one approval in the state; Banco Popular de Puerto Rico had the most, 288.

527approvalsFY2022: 458

$108Mdollars approvedFY2022: $91.9M

$75Kmedian 7(a) approvalFY2022: $100K

10lenders with an approval

6,096jobs supported, as reported

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 FY2023, of 10 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2022	Change
1	Banco Popular de Puerto Rico	7(a)	288	$50.6M	54.6%	244	+44
2	Oriental Bank	7(a)	106	$13.7M	20.1%	137	-31
3	FirstBank Puerto Rico	7(a)	53	$13.1M	10.1%	19	+34
4	Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)	504	31	$9.8M	5.9%	17	+14
5	Marketing Small Business Finance Corporation	504	24	$9.3M	4.6%	12	+12
6	PYMES Financial Partners, Inc.	504	11	$6.1M	2.1%	8	+3
7	Economic Development Bank for Puerto Rico	7(a)	7	$1.3M	1.3%	11	-4
8	Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)	7(a)	4	$502K	0.8%	3	+1
9	BayFirst National Bank	7(a)	2	—	0.4%	1	+1
10	Cooperativa de Ahorro y Crédito de Arecibo (COOPACA)	7(a)	1	—	0.2%	5	-4

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2022	Change
1	San Juan Municipio	131	$41.0M	24.9%	83	+48
2	Bayamon Municipio	43	$11.1M	8.2%	47	-4
3	Caguas Municipio	25	$5.5M	4.7%	28	-3
4	Carolina Municipio	21	$3.5M	4.0%	12	+9
5	Mayaguez Municipio	18	$2.4M	3.4%	11	+7
6	Guaynabo Municipio	18	$2.0M	3.4%	13	+5
7	Ponce Municipio	16	$2.9M	3.0%	12	+4
8	Manati Municipio	15	$1.3M	2.8%	10	+5
9	Aguadilla Municipio	12	$667K	2.3%	6	+6
10	Toa Baja Municipio	11	$1.5M	2.1%	10	+1
11	Humacao Municipio	9	$2.0M	1.7%	4	+5
12	Arecibo Municipio	9	$870K	1.7%	22	-13
13	Aguada Municipio	9	$831K	1.7%	3	+6
14	Juana Diaz Municipio	8	$495K	1.5%	4	+4
15	Guayama Municipio	7	$658K	1.3%	0	new
16	Vega Baja Municipio	7	$447K	1.3%	8	-1
17	Fajardo Municipio	7	$1.2M	1.3%	8	-1
18	Cidra Municipio	7	$3.7M	1.3%	7	0
19	Trujillo Alto Municipio	6	$747K	1.1%	9	-3
20	Anasco Municipio	6	$1.4M	1.1%	3	+3
21	Naranjito Municipio	6	$409K	1.1%	0	new
22	Rio Grande Municipio	6	$490K	1.1%	1	+5
23	Isabela Municipio	6	$495K	1.1%	1	+5
24	Quebradillas Municipio	6	$90K	1.1%	3	+3
25	Dorado Municipio	5	$317K	0.9%	6	-1
26	Hatillo Municipio	5	$333K	0.9%	1	+4
27	Morovis Municipio	5	$1.1M	0.9%	0	new
28	Cabo Rojo Municipio	5	$964K	0.9%	6	-1
29	San Sebastian Municipio	5	$803K	0.9%	6	-1
30	Guanica Municipio	5	$516K	0.9%	0	new
31	Gurabo Municipio	4	$323K	0.8%	2	+2
32	Vega Alta Municipio	4	$1.2M	0.8%	13	-9
33	Canovanas Municipio	4	$288K	0.8%	2	+2
34	Salinas Municipio	4	$144K	0.8%	3	+1
35	Santa Isabel Municipio	4	$198K	0.8%	2	+2
36	Catano Municipio	4	$5.4M	0.8%	1	+3
37	Yauco Municipio	3	$710K	0.6%	2	+1
38	Las Piedras Municipio	3	$323K	0.6%	6	-3
39	Coamo Municipio	3	$111K	0.6%	6	-3
40	Toa Alta Municipio	3	$280K	0.6%	7	-4

The 40 counties with the most approvals; every county is on the Puerto Rico page.

FY2023 against FY2022

Puerto Rico	FY2023	FY2022
7(a) approvals	461	421
7(a) dollars	$82.4M	$74.8M
Median 7(a) approval	$75K	$100K
504 approvals	66	37
504 dollars	$25.3M	$17.1M
Jobs supported, as reported	6,096	5,991

Questions and answers

Which lenders made the most SBA loans in Puerto Rico in FY2023?

Banco Popular de Puerto Rico (288), Oriental Bank (106), FirstBank Puerto Rico (53), Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (31), Marketing Small Business Finance Corporation (24). 10 lenders had at least one approval.

How many SBA loans were approved in Puerto Rico in FY2023?

527: 461 under 7(a) worth $82.4M and 66 under 504 worth $25.3M.

Which Puerto Rico counties had the most SBA approvals in FY2023?

San Juan Municipio (131), Bayamon Municipio (43), Caguas Municipio (25), Carolina Municipio (21), Mayaguez Municipio (18).

When does FY2023 start and end?

The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.

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