SBA loans in Puerto Rico, FY2024

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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 728 loans in Puerto Rico: 655 under 7(a) and 73 under 504, worth $150M.

That is up 38% on FY2023, when there were 527 approvals worth $108M.

Puerto Rico accounted for 1.0% of the 76,235 approvals nationwide that year. 10 lenders had at least one approval in the state; Banco Popular de Puerto Rico had the most, 449.

728approvalsFY2023: 527

$150Mdollars approvedFY2023: $108M

$59Kmedian 7(a) approvalFY2023: $75K

10lenders with an approval

7,684jobs 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 FY2024, of 10 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2023	Change
1	Banco Popular de Puerto Rico	7(a)	449	$69.5M	61.7%	288	+161
2	Oriental Bank	7(a)	119	$21.4M	16.3%	106	+13
3	FirstBank Puerto Rico	7(a)	66	$16.1M	9.1%	53	+13
4	Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)	504	30	$16.2M	4.1%	31	-1
5	Marketing Small Business Finance Corporation	504	30	$15.5M	4.1%	24	+6
6	Economic Development Bank for Puerto Rico	7(a)	15	$1.4M	2.1%	7	+8
7	PYMES Financial Partners, Inc.	504	13	$9.2M	1.8%	11	+2
8	Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)	7(a)	4	$485K	0.5%	4	0
9	Cooperativa de Ahorro y Crédito de Arecibo (COOPACA)	7(a)	1	—	0.1%	1	0
10	Celtic Bank Corporation	7(a)	1	—	0.1%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2023	Change
1	San Juan Municipio	137	$33.2M	18.8%	131	+6
2	Bayamon Municipio	53	$21.2M	7.3%	43	+10
3	Caguas Municipio	43	$18.8M	5.9%	25	+18
4	Carolina Municipio	39	$11.6M	5.4%	21	+18
5	Guaynabo Municipio	33	$5.4M	4.5%	18	+15
6	Ponce Municipio	22	$2.6M	3.0%	16	+6
7	Mayaguez Municipio	19	$2.7M	2.6%	18	+1
8	Aguadilla Municipio	19	$1.8M	2.6%	12	+7
9	Toa Baja Municipio	15	$4.5M	2.1%	11	+4
10	Trujillo Alto Municipio	13	$3.1M	1.8%	6	+7
11	Dorado Municipio	13	$2.4M	1.8%	5	+8
12	Manati Municipio	12	$2.0M	1.6%	15	-3
13	Fajardo Municipio	12	$2.1M	1.6%	7	+5
14	Yauco Municipio	11	$586K	1.5%	3	+8
15	Humacao Municipio	11	$1.2M	1.5%	9	+2
16	Arecibo Municipio	11	$2.3M	1.5%	9	+2
17	Isabela Municipio	11	$1.3M	1.5%	6	+5
18	Juana Diaz Municipio	11	$399K	1.5%	8	+3
19	Hatillo Municipio	10	$1.3M	1.4%	5	+5
20	Juncos Municipio	10	$1.4M	1.4%	0	new
21	Cayey Municipio	9	$949K	1.2%	1	+8
22	San German Municipio	9	$682K	1.2%	3	+6
23	Rio Grande Municipio	8	$767K	1.1%	6	+2
24	Aguada Municipio	8	$1.4M	1.1%	9	-1
25	Vega Alta Municipio	7	$539K	1.0%	4	+3
26	Guayama Municipio	7	$2.4M	1.0%	7	0
27	Vega Baja Municipio	7	$1.2M	1.0%	7	0
28	Coamo Municipio	7	$804K	1.0%	3	+4
29	San Sebastian Municipio	7	$865K	1.0%	5	+2
30	Moca Municipio	7	$418K	1.0%	2	+5
31	Santa Isabel Municipio	7	$1.4M	1.0%	4	+3
32	Las Piedras Municipio	6	$309K	0.8%	3	+3
33	Lajas Municipio	6	$283K	0.8%	2	+4
34	Aibonito Municipio	6	$277K	0.8%	2	+4
35	Gurabo Municipio	5	$2.2M	0.7%	4	+1
36	Rincon Municipio	5	$314K	0.7%	0	new
37	Barranquitas Municipio	5	$228K	0.7%	2	+3
38	Anasco Municipio	5	$152K	0.7%	6	-1
39	Cabo Rojo Municipio	5	$477K	0.7%	5	0
40	Vieques Municipio	5	$2.2M	0.7%	1	+4

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

FY2024 against FY2023

Puerto Rico	FY2024	FY2023
7(a) approvals	655	461
7(a) dollars	$109M	$82.4M
Median 7(a) approval	$59K	$75K
504 approvals	73	66
504 dollars	$40.9M	$25.3M
Jobs supported, as reported	7,684	6,096

Questions and answers

Which lenders made the most SBA loans in Puerto Rico in FY2024?

Banco Popular de Puerto Rico (449), Oriental Bank (119), FirstBank Puerto Rico (66), Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (30), Marketing Small Business Finance Corporation (30). 10 lenders had at least one approval.

How many SBA loans were approved in Puerto Rico in FY2024?

728: 655 under 7(a) worth $109M and 73 under 504 worth $40.9M.

Which Puerto Rico counties had the most SBA approvals in FY2024?

San Juan Municipio (137), Bayamon Municipio (53), Caguas Municipio (43), Carolina Municipio (39), Guaynabo Municipio (33).

When does FY2024 start and end?

The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.

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