SBA loans in Puerto Rico, FY2025

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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 612 loans in Puerto Rico: 548 under 7(a) and 64 under 504, worth $119M.

That is down 16% on FY2024, when there were 728 approvals worth $150M.

Puerto Rico accounted for 0.7% of the 84,840 approvals nationwide that year. 13 lenders had at least one approval in the state; Banco Popular de Puerto Rico had the most, 376.

612approvalsFY2024: 728

$119Mdollars approvedFY2024: $150M

$60Kmedian 7(a) approvalFY2024: $59K

13lenders with an approval

5,654jobs 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 13 lenders with the most approvals to Puerto Rico businesses in FY2025, of 13 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2024	Change
1	Banco Popular de Puerto Rico	7(a)	376	$46.9M	61.4%	449	-73
2	Oriental Bank	7(a)	103	$23.3M	16.8%	119	-16
3	FirstBank Puerto Rico	7(a)	47	$8.8M	7.7%	66	-19
4	Marketing Small Business Finance Corporation	504	27	$6.4M	4.4%	30	-3
5	Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)	504	26	$10.1M	4.2%	30	-4
6	Economic Development Bank for Puerto Rico	7(a)	12	$2.0M	2.0%	15	-3
7	PYMES Financial Partners, Inc.	504	11	$12.2M	1.8%	13	-2
8	Cooperativa de Ahorro y Crédito de Arecibo (COOPACA)	7(a)	4	$610K	0.7%	1	+3
9	First Bank of the Lake	7(a)	2	—	0.3%	0	new
10	T Bank, National Association	7(a)	1	—	0.2%	0	new
11	BayFirst National Bank	7(a)	1	—	0.2%	0	new
12	Bank Five Nine	7(a)	1	—	0.2%	0	new
13	Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)	7(a)	1	—	0.2%	4	-3

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2024	Change
1	San Juan Municipio	106	$24.7M	17.3%	137	-31
2	Bayamon Municipio	54	$8.3M	8.8%	53	+1
3	Caguas Municipio	37	$9.3M	6.0%	43	-6
4	Carolina Municipio	34	$6.7M	5.6%	39	-5
5	Guaynabo Municipio	25	$8.0M	4.1%	33	-8
6	Ponce Municipio	23	$7.1M	3.8%	22	+1
7	Toa Baja Municipio	21	$3.2M	3.4%	15	+6
8	Mayaguez Municipio	17	$1.8M	2.8%	19	-2
9	Arecibo Municipio	14	$2.2M	2.3%	11	+3
10	Trujillo Alto Municipio	11	$1.9M	1.8%	13	-2
11	Dorado Municipio	11	$1.4M	1.8%	13	-2
12	Cabo Rojo Municipio	11	$4.4M	1.8%	5	+6
13	Manati Municipio	10	$2.2M	1.6%	12	-2
14	Fajardo Municipio	10	$778K	1.6%	12	-2
15	Moca Municipio	10	$1.2M	1.6%	7	+3
16	Las Piedras Municipio	9	$827K	1.5%	6	+3
17	Aguadilla Municipio	9	$776K	1.5%	19	-10
18	Isabela Municipio	9	$1.4M	1.5%	11	-2
19	San German Municipio	9	$903K	1.5%	9	0
20	Vega Baja Municipio	8	$1.3M	1.3%	7	+1
21	Cidra Municipio	8	$1.5M	1.3%	4	+4
22	Coamo Municipio	8	$500K	1.3%	7	+1
23	Yauco Municipio	7	$257K	1.1%	11	-4
24	Aguada Municipio	7	$589K	1.1%	8	-1
25	San Sebastian Municipio	7	$565K	1.1%	7	0
26	Humacao Municipio	6	$700K	1.0%	11	-5
27	Cayey Municipio	6	$2.5M	1.0%	9	-3
28	Juncos Municipio	6	$1.0M	1.0%	10	-4
29	Juana Diaz Municipio	6	$335K	1.0%	11	-5
30	Canovanas Municipio	5	$511K	0.8%	2	+3
31	Hatillo Municipio	5	$2.2M	0.8%	10	-5
32	Toa Alta Municipio	5	$301K	0.8%	3	+2
33	Rio Grande Municipio	5	$382K	0.8%	8	-3
34	Penuelas Municipio	5	$592K	0.8%	2	+3
35	Utuado Municipio	5	$822K	0.8%	4	+1
36	Ciales Municipio	5	$996K	0.8%	2	+3
37	Villalba Municipio	5	$165K	0.8%	5	0
38	Lares Municipio	4	$718K	0.7%	2	+2
39	Gurabo Municipio	4	$338K	0.7%	5	-1
40	Guayama Municipio	4	$1.0M	0.7%	7	-3

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

FY2025 against FY2024

Puerto Rico	FY2025	FY2024
7(a) approvals	548	655
7(a) dollars	$89.8M	$109M
Median 7(a) approval	$60K	$59K
504 approvals	64	73
504 dollars	$28.8M	$40.9M
Jobs supported, as reported	5,654	7,684

Questions and answers

Which lenders made the most SBA loans in Puerto Rico in FY2025?

Banco Popular de Puerto Rico (376), Oriental Bank (103), FirstBank Puerto Rico (47), Marketing Small Business Finance Corporation (27), Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (26). 13 lenders had at least one approval.

How many SBA loans were approved in Puerto Rico in FY2025?

612: 548 under 7(a) worth $89.8M and 64 under 504 worth $28.8M.

Which Puerto Rico counties had the most SBA approvals in FY2025?

San Juan Municipio (106), Bayamon Municipio (54), Caguas Municipio (37), Carolina Municipio (34), Guaynabo Municipio (25).

When does FY2025 start and end?

The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.

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