States › U.S. Virgin Islands
State0.0% of US approvals17 lenders active
SBA loans in U.S. Virgin Islands
7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.
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.
Businesses in U.S. Virgin Islands received 80 SBA loan approvals worth $54.7M in FY2021 to FY2025, 79 of them 7(a) loans and 1 504 loans.
That is — approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 0.0% of all approvals in the country (53rd of 54 states and territories).
In FY2025 there were 18 approvals totalling $20.5M, down 18% on FY2024. The median 7(a) approval over the five years was $204K.
17 lenders had at least one approval in the state; by number of 7(a) approvals the most active were Oriental Bank (19), Merchants Commercial Bank (18) and Banco Popular de Puerto Rico (17).
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 7.1% as charged off, against 6.6% nationally.
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.
Most active 7(a) lenders in U.S. Virgin Islands
Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.
| # | Lender | Approvals in VI, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | Oriental BankSan Juan, PR | 19 | $3.2M | 24.1% | $111K | 5.8% | |
| 2 | Merchants Commercial BankCharlotte Amalie, VI | 18 | $4.9M | 22.8% | $150K | — | |
| 3 | Banco Popular de Puerto RicoSan Juan, PR | 17 | $2.9M | 21.5% | $60K | 4.2% | |
| 4 | Stone BankMountain View, AR | 4 | $6.1M | 5.1% | $150K | 10.3% | |
| 5 | FDIC - Community Bank & Trust-West GeorgiaLagrange, GA | 3 | $8.9M | 3.8% | $923K | 7.1% | |
| 6 | Celtic Bank CorporationSalt Lake City, UT | 3 | $6.0M | 3.8% | $150K | 17.0% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 3 | $5.4M | 3.8% | $850K | 2.2% | |
| 8 | Metro City BankDoraville, GA | 2 | — | 2.5% | $1.3M | 2.1% | |
| 9 | Byline BankChicago, IL | 2 | — | 2.5% | $806K | 9.5% | |
| 10 | FirstBank Puerto RicoSanturce, PR | 2 | — | 2.5% | $100K | 10.9% | |
| 11 | First Financial BankEl Dorado, AR | 1 | — | 1.3% | $925K | 4.3% | |
| 12 | HomeTrust BankAsheville, NC | 1 | — | 1.3% | $817K | 2.8% | |
| 13 | Cogent BankOrlando, FL | 1 | — | 1.3% | $828K | 6.5% | |
| 14 | United Fidelity Bank, FSBEvansville, IN | 1 | — | 1.3% | $1.1M | 7.5% | |
| 15 | Truliant FCUWinston-Salem, NC | 1 | — | 1.3% | $1.1M | 7.6% | |
| 16 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 1.3% | $150K | 15.9% |
504 certified development companies
| # | Lender | Approvals in VI, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)San Juan, PR · 504 CDC | 1 | — | 100.0% | $233K | 4.9% |
Fiscal-year ledger
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 7 | $5.8M | $130K | 0 | — | 7 | 37 |
| FY2025 | 18 | $20.5M | $369K | 0 | — | 18 | 402 |
| FY2024 | 21 | $9.3M | $150K | 1 | — | 22 | 140 |
| FY2023 | 18 | $9.8M | $175K | 0 | — | 18 | 316 |
| FY2022 | 14 | $9.3M | $211K | 0 | — | 14 | 190 |
| FY2021 | 8 | $5.3M | $380K | 0 | — | 8 | 100 |
| FY2020 | 6 | $3.4M | $375K | 0 | — | 6 | 74 |
| FY2019 | 6 | $3.9M | $406K | 0 | — | 6 | 87 |
| FY2018 | 5 | $2.6M | $120K | 0 | — | 5 | 99 |
| FY2017 | 6 | $7.4M | $833K | 0 | — | 6 | 312 |
| FY2016 | 7 | $1.7M | $50K | 0 | — | 7 | 54 |
7(a) approvals504 approvals
Counties
Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.
| # | County | Approvals | Dollars | Establishments | Per 1,000 establishments | By fiscal year |
|---|---|---|---|---|---|---|
| 1 | Saint Thomas | 45 | $19.2M | — | — | |
| 2 | Saint Croix | 27 | $29.0M | — | — | |
| 3 | Saint John | 8 | $6.5M | — | — |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | $2.4M | 10.0% | |
| 2 | Automotive Equipment Rental and LeasingNAICS 5321 | 4 | $1.5M | 5.0% | |
| 3 | Offices of PhysiciansNAICS 6211 | 4 | $1.2M | 5.0% | |
| 4 | Traveler AccommodationNAICS 7211 | 3 | $7.7M | 3.8% | |
| 5 | Beverage ManufacturingNAICS 3121 | 3 | $5.8M | 3.8% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | $1.2M | 3.8% | |
| 7 | Grocery StoresNAICS 4451 | 2 | — | 2.5% | |
| 8 | Warehouse Clubs, Supercenters, and Other General Merchandise RetailersNAICS 4552 | 2 | — | 2.5% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | — | 2.5% | |
| 10 | Offices of DentistsNAICS 6212 | 2 | — | 2.5% | |
| 11 | Scenic and Sightseeing Transportation, WaterNAICS 4872 | 2 | — | 2.5% | |
| 12 | Professional and Commercial Equipment and Supplies Merchant WholesalersNAICS 4234 | 2 | — | 2.5% | |
| 13 | Services to Buildings and DwellingsNAICS 5617 | 2 | — | 2.5% | |
| 14 | Offices of Other Health PractitionersNAICS 6213 | 2 | — | 2.5% | |
| 15 | Clothing and Clothing Accessories RetailersNAICS 4581 | 2 | — | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 17 | 21.3% | |
| 2 | Accommodation and Food Services | 13 | 16.3% | |
| 3 | Transportation and Warehousing | 8 | 10.0% | |
| 4 | Health Care and Social Assistance | 8 | 10.0% | |
| 5 | Manufacturing | 7 | 8.8% | |
| 6 | Real Estate and Rental and Leasing | 6 | 7.5% | |
| 7 | Wholesale Trade | 4 | 5.0% | |
| 8 | Other Services (except Public Administration) | 4 | 5.0% | |
| 9 | Professional, Scientific, and Technical Services | 3 | 3.8% | |
| 10 | Arts, Entertainment, and Recreation | 3 | 3.8% |
Franchise brands
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | World Fuel Services, Inc Wholesale Supply Agreement | 1 | 1.3% |
How earlier loans turned out
| Loans approved FY2010–FY2021 | VI 7(a) | US 7(a) | VI 504 | US 504 |
|---|---|---|---|---|
| Approvals in these years | 117 | 639,905 | 1 | 85,591 |
| Cancelled or never disbursed | 19 | 79,313 | 0 | 12,514 |
| Disbursed loans | 98 | 560,592 | 1 | 73,077 |
| Paid in full | 73 | 435,813 | 0 | 35,491 |
| Charged off | 7 | 36,891 | 1 | 905 |
| Still outstanding (status exempt from disclosure) | 18 | 87,888 | 0 | 36,681 |
| Charged off, share of disbursed loans | 7.1% | 6.6% | too few loans | 1.2% |
| Dollars charged off, share of disbursed dollars | 7.5% | 2.5% | too few loans | 0.9% |
| Dollars charged off | $2.2M | $5.70bn | — | $499M |
Approval sizes
- $50,000 or less22.5%18
- $50,001 to $150,00022.5%18
- $150,001 to $350,00015.0%12
- $350,001 to $1 million22.5%18
- $1 million to $2 million5.0%4
- Over $2 million12.5%10
Age of the businesses
- Existing, more than 2 years old56.3%45
- New business, 2 years or less13.8%11
- Startup, loan funds will open the business20.0%16
- Change of ownership10.0%8
Against the country
| FY2021–FY2025 | U.S. Virgin Islands | United States |
|---|---|---|
| Approvals per 1,000 establishments | — | 41.0 |
| Median 7(a) approval | $204K | $190K |
| Median 504 approval | — | $657K |
| 504 share of approvals | 1.3% | 11.0% |
| Jobs supported per approval, as reported | 14.4 | 10.5 |
| Approvals, change on FY2016–FY2020 | 167% | 10% |
Questions and answers
Which lenders make the most SBA loans in U.S. Virgin Islands?
By 7(a) approvals in FY2021 to FY2025: Oriental Bank (19), Merchants Commercial Bank (18), Banco Popular de Puerto Rico (17), Stone Bank (4), FDIC - Community Bank & Trust-West Georgia (3). For 504 loans: Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in U.S. Virgin Islands?
The median 7(a) approval was $204K; the average across both programs was $684K.
Which industries get the most SBA loans in U.S. Virgin Islands?
Restaurants and Other Eating Places (8); Automotive Equipment Rental and Leasing (4); Offices of Physicians (4); Traveler Accommodation (3); Beverage Manufacturing (3).
Which U.S. Virgin Islands counties receive the most SBA loans?
Saint Thomas (45), Saint Croix (27), Saint John (8), by approvals in FY2021 to FY2025.
Is SBA lending in U.S. Virgin Islands rising?
Approvals in the three latest complete fiscal years total 58, against 28 in the three before: rising (+107%).
What share of SBA loans in U.S. Virgin Islands are charged off?
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 7.1% are recorded as charged off (national: 6.6%). Newer loans are left out because most have not had time to reach either outcome.
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. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error