SBA lending by state
SBA Lending in Puerto Rico
In Puerto Rico, SBA lenders funded 8,750 7(a) and 504 loans since FY2010, totaling $1.4B, an average of $161K per loan. The most active lender is Banco Popular de Puerto Rico, and the most-funded industry is Health Care and Social Assistance.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Puerto Rico
Ranked by SBA loans funded in Puerto Rico since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Puerto Rico loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Puerto Rico shows “not reported,” never 0%.
See the full Puerto Rico ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico | 4,629 | $553.6M | $120K | 2.27% |
| 2 | Oriental Bank | 1,407 | $193.9M | $138K | 3.13% |
| 3 | FirstBank Puerto Rico | 1,186 | $156.3M | $132K | 7.00% |
| 4 | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 499 | $163.6M | $328K | 0.00% |
| 5 | Economic Development Bank for Puerto Rico | 398 | $64.8M | $163K | 6.28% |
| 6 | PYMES Financial Partners, Inc. | 310 | $129.2M | $417K | not reported |
| 7 | Marketing Small Business Finance Corporation | 265 | $95.9M | $362K | not reported |
| 8 | Cooperativa de Ahorro y Cr<ac,e>dito de Arecibo (COOPACA) | 16 | $2.6M | $164K | not reported |
| 9 | Live Oak Banking Company | 10 | $22.1M | $2.2M | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Puerto Rico
An SBA 504 project in Puerto Rico pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Puerto Rico, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 474 | $160.7M |
| PYMES Financial Partners, Inc. | 310 | $129.2M |
| Marketing Small Business Finance Corporation | 265 | $95.9M |
| Birmingham Citywide Local Development Company | 1 | $106K |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Puerto Rico
| Industry | Loans | Total volume |
|---|---|---|
| Health Care and Social Assistance | 1,914 | $274.4M |
| Retail Trade | 1,668 | $249.6M |
| Accommodation and Food Services | 971 | $178.4M |
| Manufacturing | 686 | $140.5M |
| Wholesale Trade | 572 | $122.0M |
| Professional and Technical Services | 777 | $117.0M |
| Construction | 523 | $74.9M |
| Other Services | 597 | $59.8M |
Top cities for SBA loans in Puerto Rico
Where SBA 7(a) and 504 borrowers in Puerto Rico are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| San Juan | 1,762 | $340.8M |
| Bayamon | 664 | $125.2M |
| Caguas | 520 | $102.8M |
| Carolina | 395 | $74.9M |
| Guaynabo | 389 | $71.5M |
| Ponce | 348 | $45.8M |
| Mayaguez | 262 | $35.4M |
| Arecibo | 159 | $27.8M |
SBA lending by metro area in Puerto Rico
Which lenders fund each Puerto Rico market, with local loan sizes and industries.
- SBA lenders in San Juan, PR 5,987 loans
- SBA lenders in Mayagüez, PR 615 loans
- SBA lenders in Ponce, PR 646 loans
- SBA lenders in Aguadilla, PR 652 loans
- SBA lenders in Arecibo, PR 347 loans
- SBA lenders in Coamo, PR 139 loans
- SBA lenders in Guayama, PR 117 loans
- SBA lenders in Lares, PR 37 loans
- SBA lenders in Utuado, PR 30 loans
- SBA lenders in Coco, PR 39 loans
SBA lending in Puerto Rico by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 393 | $70.6M |
| 2011 | 648 | $83.1M |
| 2012 | 570 | $69.2M |
| 2013 | 631 | $73.3M |
| 2014 | 613 | $73.2M |
| 2015 | 666 | $76.0M |
| 2016 | 684 | $93.7M |
| 2017 | 401 | $54.3M |
| 2018 | 321 | $58.8M |
| 2019 | 435 | $74.6M |
| 2020 | 369 | $68.2M |
| 2021 | 452 | $102.2M |
| 2022 | 458 | $91.9M |
| 2023 | 527 | $107.7M |
| 2024 | 728 | $150.1M |
| 2025 | 612 | $118.6M |
| 2026 | 242 | $46.9M |
SBA lending in Puerto Rico: frequently asked questions
How much SBA lending is there in Puerto Rico?
SBA lenders funded 8,750 7(a) and 504 loans totaling $1.4B in Puerto Rico in the public SBA data (as of 2026-03-31), an average of $161K per loan.
Who is the most active SBA lender in Puerto Rico?
Banco Popular de Puerto Rico is the most active SBA lender in Puerto Rico in the public data, by loans funded.
What industries get the most SBA loans in Puerto Rico?
The most-funded industry for SBA loans in Puerto Rico is Health Care and Social Assistance.
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