Geography · SBA lending record
SBA lenders in Puerto Rico
1,966 SBA 7(a) loans in the last five years, from 11 different lenders. Here is who actually lends here.
Who lends here most
last 5 fiscal years| Lender | Loans in PR | Typical loan | Typical rate |
|---|---|---|---|
| Banco Popular de Puerto Rico | 1,288 | $52k | P+4.03 |
| Oriental Bank | 448 | $115k | P+2.38 |
| FirstBank Puerto Rico | 177 | $95k | P+3.36 |
| Economic Development Bank for Puerto Rico · too few loans nationally for a page | 30 | $94k | P+1.50 |
| Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) · too few loans nationally for a page | 11 | $112k | — |
| Cooperativa de Ahorro y Cr<ac,e>dito de Arecibo (COOPACA) · too few loans nationally for a page | 5 | $196k | — |
| BayFirst National Bank | 3 | $350k | P+2.33 |
| Paragon Bank | 1 | $4.0M | P+2.75 |
| Celtic Bank Corporation | 1 | $150k | P+2.75 |
| T Bank, National Association | 1 | $3.7M | P+2.00 |
Banco Popular de Puerto Rico alone writes 66% of the SBA loans in Puerto Rico. That is worth knowing both ways — they clearly know this market, and you should still get a second quote, because a dominant lender has little reason to sharpen its pencil.
Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.
What gets funded here
by industryHow big the loans are
If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.
Next
Compare all lenders → Check your eligibility → Find your industry →
SBA lending in other states
States with comparable volume, plus the three largest markets.