SBA lending by state
SBA Lending in U.S. Virgin Islands
In U.S. Virgin Islands, SBA lenders funded 193 7(a) and 504 loans since FY2010, totaling $90.5M, an average of $469K per loan. The most active lender is Banco Popular de Puerto Rico, and the most-funded industry is Retail Trade.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in U.S. Virgin Islands
Ranked by SBA loans funded in U.S. Virgin Islands since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its U.S. Virgin Islands loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in U.S. Virgin Islands shows “not reported,” never 0%.
See the full U.S. Virgin Islands 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 | 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.
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504 lenders (CDCs) in U.S. Virgin Islands
An SBA 504 project in U.S. Virgin Islands 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 U.S. Virgin Islands, 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) | 2 | $1.2M |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in U.S. Virgin Islands
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 39 | $17.8M |
| Accommodation and Food Services | 29 | $15.7M |
| Health Care and Social Assistance | 22 | $12.9M |
| Manufacturing | 11 | $12.1M |
| Transportation and Warehousing | 13 | $7.3M |
| Construction | 15 | $6.3M |
| Professional and Technical Services | 8 | $3.6M |
| Arts, Entertainment, Recreation | 6 | $3.5M |
Top cities for SBA loans in U.S. Virgin Islands
Where SBA 7(a) and 504 borrowers in U.S. Virgin Islands are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Christiansted | 62 | $48.9M |
| St Thomas | 87 | $24.1M |
| St John | 20 | $11.1M |
| Charlotte Amalie | 1 | $2.7M |
| Frederiksted | 10 | $1.6M |
| St. Thomas | 4 | $1.0M |
| St. Thomas (Island) (County-Eq | 1 | $665K |
| St Croix | 1 | $150K |
SBA lending in U.S. Virgin Islands by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 20 | $1.5M |
| 2011 | 8 | $2.1M |
| 2012 | 5 | $435K |
| 2013 | 15 | $2.2M |
| 2014 | 10 | $1.1M |
| 2015 | 22 | $4.5M |
| 2016 | 8 | $1.7M |
| 2017 | 6 | $7.4M |
| 2018 | 5 | $2.6M |
| 2019 | 6 | $3.9M |
| 2020 | 6 | $3.4M |
| 2021 | 8 | $5.3M |
| 2022 | 14 | $9.3M |
| 2023 | 18 | $9.8M |
| 2024 | 22 | $9.8M |
| 2025 | 19 | $20.6M |
| 2026 | 1 | $5.0M |
SBA lending in U.S. Virgin Islands: frequently asked questions
How much SBA lending is there in U.S. Virgin Islands?
SBA lenders funded 193 7(a) and 504 loans totaling $90.5M in U.S. Virgin Islands in the public SBA data (as of 2026-03-31), an average of $469K per loan.
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 data, by loans funded.
What industries get the most SBA loans in U.S. Virgin Islands?
The most-funded industry for SBA loans in U.S. Virgin Islands is Retail Trade.
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