Best SBA lenders
Best SBA lenders in U.S. Virgin Islands
The most active SBA lenders in U.S. Virgin Islands, ranked from every 7(a) and 504 loan in the SBA's public record, FY2010-2026. Banco Popular de Puerto Rico leads with 45 loans funded.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026, as of 2026-03-31
Top SBA lenders in U.S. Virgin Islands
The full U.S. Virgin Islands ranking, by SBA loans funded since FY2010. Every figure is in-state: each lender's loans, dollars, average loan size, and 7(a) charge-off rate cover its U.S. Virgin Islands lending only, not its national book. A charge-off rate appears only when a lender has at least 20 funded 7(a) loans in U.S. Virgin Islands; below that line, and on 504-only lending, it reads “not reported,” never 0%.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico | 45 | $7.8M | $172K | 0.00% |
| 2 | Columbia Bank | 26 | $1.1M | $43K | 15.38% |
| 3 | Merchants Commercial Bank | 19 | $5.0M | $262K | not reported |
| 4 | Oriental Bank | 19 | $3.2M | $170K | not reported |
| 5 | Celtic Bank Corporation | 15 | $8.6M | $571K | not reported |
| 6 | FirstBank Puerto Rico | 12 | $1.3M | $106K | not reported |
| 7 | Northeast Bank | 10 | $910K | $91K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
7(a) banks vs 504 lenders (CDCs) in U.S. Virgin Islands
The two SBA programs have different lenders. A 7(a) loan comes from one bank or credit union; a 504 project pairs a bank with a Certified Development Company (CDC), the nonprofit that funds the SBA-backed portion. The leaders in U.S. Virgin Islands by each program's loans funded since FY2010:
- 1. Banco Popular de Puerto Rico 45 loans
- 2. Columbia Bank 26 loans
- 3. Merchants Commercial Bank 19 loans
- 4. Oriental Bank 19 loans
- 5. Celtic Bank Corporation 15 loans
Counts are each program's funded loans in U.S. Virgin Islands. How the two programs differ: 504 vs 7(a), by the data.
How this ranking works
- “Most active” means loans funded. The ranking counts every SBA 7(a) and 504 loan funded to U.S. Virgin Islands businesses in the SBA's public FOIA record, FY2010–2026, as of 2026-03-31. No lender pays to appear or to rank, and activity is not a fit score: the right lender for you depends on your industry, loan size, and timeline.
- The 10-loan line. A lender enters the U.S. Virgin Islands table only with at least 10 loans funded in-state, so one-off activity never reads as a track record. Industry cells above are held to at least 30 loans.
- Charge-off is 7(a)-only and needs 20+ loans. The SBA reports charge-offs on 7(a) loans, never on 504 loans. We show an in-state rate only when a lender has at least 20 funded 7(a) loans in U.S. Virgin Islands; anything thinner reads “not reported,” never 0%. It is a charge-off share of funded loans to date, not a lifetime default rate.
- Name collisions are excluded, and counted. The SBA does not normalize lender names across mergers and rebrands, so one name can blend several unrelated institutions. Flagged names are never ranked on this page; each exclusion is disclosed under the table.
The exact calculations and limits: methodology.
Best SBA lenders in U.S. Virgin Islands: frequently asked questions
Who is the most active SBA lender in U.S. Virgin Islands?
Banco Popular de Puerto Rico is the most active SBA lender in U.S. Virgin Islands in the public record, with 45 7(a) and 504 loans funded since FY2010 ($7.8M in U.S. Virgin Islands). The ranking counts loans funded, never who pays us.
Do these lenders only serve U.S. Virgin Islands?
No. The ranking measures activity in U.S. Virgin Islands: loans funded to U.S. Virgin Islands businesses in the SBA's record. Many of these lenders are national or multi-state institutions; the loans, dollars, and charge-off figures shown are their U.S. Virgin Islands lending only.
What's the difference between a 7(a) lender and a CDC?
A 7(a) lender is a bank or credit union that funds an SBA-guaranteed loan directly. A Certified Development Company (CDC) is a nonprofit that funds the SBA-backed portion of a 504 project alongside a bank. Charge-off is reported only on 7(a) loans, so a 504-only CDC shows "not reported," never 0%.
How many SBA lenders are active in U.S. Virgin Islands?
7 lenders have funded at least 10 SBA loans in U.S. Virgin Islands since FY2010 in the public record (as of 2026-03-31). The table above names the 7 most active of them; names that blend several same-named institutions are excluded from rankings.
Mario Bailey. (2026). Best SBA lenders in U.S. Virgin Islands. SBA Loan Index. https://sbaloanindex.com/best-sba-lenders/in/vi/
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