DATA · SBA LOANS
SBA Loan Data: 7(a) Loans by State, City and Industry
By the Korven team · SBA data as of · Updated
The SBA guaranteed 338,234 7(a) loans worth $179.1 billion between October 2019 and June 30, 2026. Approvals rose 2.4% in fiscal 2025, then fell 26% from December to June 30 of fiscal 2026 against the same months a year earlier. Of the loans approved in fiscal 2020 to 2022, 3.6% have been charged off so far.
- Fiscal 2026 slowdown: 35,597 approvals from December 1 to June 30, against 48,351 in the same months of fiscal 2025, down 26%. The file shows no approvals at all in October 2025, during the federal government shutdown.
- Biggest states: California (38,860 loans), Texas (25,790 loans), Florida (24,661 loans).
- Highest charge-off rate: New York, 7.2% of fiscal 2020 to 2022 loans, against 3.6% nationally. Lowest: North Dakota, 1.0%.
- Highest charge-off industry (of those with 300+ loans): administrative management and general management consulting services, 9.5% charged off, against 0.2% for hotels (except casino hotels) and motels.
- Texas: 25,790 loans worth $19.2 billion, second only to California, and up 10.2% in fiscal 2025.
How many SBA 7(a) loans are approved each year?
About 64,000 a year lately. Fiscal 2025 brought 64,096 loans worth $32.1 billion, up from 62,618 in fiscal 2024. The median loan was $180,000. Fiscal 2026 runs to June 30, 2026 only.
| Fiscal year | Loans | Dollars | Median loan | Charged off so far |
|---|---|---|---|---|
| 2020 | 36,490 | $19.5 billion | $200,000 | 1,461 (4.0%) |
| 2021 | 45,360 | $32.2 billion | $330,000 | 1,277 (2.8%) |
| 2022 | 42,282 | $23.3 billion | $200,000 | 1,706 (4.0%) |
| 2023 | 51,747 | $24.7 billion | $150,000 | 1,735 (3.4%) |
| 2024 | 62,618 | $27.5 billion | $150,000 | 629 (1.0%) |
| 2025 | 64,096 | $32.1 billion | $180,000 | 85 (0.1%) |
| 2026 (to June 30) | 35,641 | $19.9 billion | $200,000 | 0 (0.0%) |
Source: SBA 7(a) loan records as of June 30, 2026. Loans the SBA lists as cancelled are left out, which is why these counts are below the SBA's own approval totals. Newer loans have had less time to fail, so their "charged off so far" share is lower for that reason alone.
Are SBA loan approvals down in fiscal 2026?
Yes. From December 1 to June 30, lenders made 35,597 SBA 7(a) approvals, 26% fewer than the 48,351 in the same months of fiscal 2025. We leave out October and November: the federal government shutdown from October 1 to November 12, 2025 stopped new approvals, and the file shows none in October 2025.
Approvals fell in every state with 300 or more approvals in those months; only Puerto Rico rose. The steepest falls were in Ohio (-39.9%), Michigan (-38.3%), Alabama (-37.8%); the smallest in Oklahoma (-7.1%), Connecticut (-7.5%), Washington (-10.6%). The state table below has every state.
The SBA file does not say why approvals changed. Approvals here include loans later cancelled, so both years are counted the same way.
SBA 7(a) loans by state
California, Texas and Florida lead on loan count. Charge-off rates range from 1.0% in North Dakota to 7.2% in New York. Sort by any column in the CSV download.
| State | Loans since FY2020 | Dollars | FY2024 to FY2025 | Dec to June, FY2026 vs FY2025 | Charged off (FY2020-22 loans) |
|---|---|---|---|---|---|
| California | 38,860 | $24.8B | +6.2% | -27.6% | 3.5% |
| Texas | 25,790 | $19.2B | +10.2% | -23.3% | 4.4% |
| Florida | 24,661 | $14.2B | -4.3% | -22.7% | 6.1% |
| New York | 20,629 | $7.6B | +0.9% | -29.9% | 7.2% |
| Ohio | 19,350 | $6.4B | -20.2% | -39.9% | 3.2% |
| Michigan | 13,142 | $5.2B | -15.5% | -38.3% | 2.1% |
| Illinois | 11,627 | $6.3B | +3.5% | -35.5% | 3.1% |
| Pennsylvania | 11,506 | $5.3B | +2.2% | -27.4% | 3.2% |
| New Jersey | 11,248 | $5.4B | +4.4% | -30.1% | 5.6% |
| Georgia | 9,935 | $7.7B | +5.8% | -31.9% | 3.0% |
| Minnesota | 9,527 | $4.2B | -5.2% | -31.0% | 2.4% |
| Washington | 9,482 | $5.6B | +12.3% | -10.6% | 2.4% |
| Colorado | 8,974 | $5.6B | +14.7% | -35.3% | 3.8% |
| Massachusetts | 8,595 | $2.6B | -0.2% | -24.7% | 2.5% |
| North Carolina | 7,751 | $5.6B | +10.2% | -22.1% | 2.1% |
| Indiana | 6,798 | $3.2B | -14.9% | -23.0% | 2.0% |
| Arizona | 6,764 | $4.3B | +15.0% | -26.0% | 3.2% |
| Wisconsin | 6,325 | $3.4B | -5.9% | -25.0% | 2.2% |
| Utah | 5,888 | $3.1B | +13.0% | -22.0% | 2.9% |
| Missouri | 5,823 | $3.1B | +6.3% | -23.6% | 2.9% |
| Virginia | 5,685 | $3.1B | +12.8% | -25.5% | 3.6% |
| Maryland | 5,667 | $2.3B | +10.9% | -20.1% | 6.4% |
| Oregon | 5,297 | $2.6B | +15.1% | -15.0% | 3.0% |
| Connecticut | 4,299 | $1.6B | +2.3% | -7.5% | 4.2% |
| Tennessee | 4,005 | $2.5B | +16.2% | -18.8% | 3.6% |
| South Carolina | 3,835 | $2.5B | +7.1% | -27.3% | 3.5% |
| Nevada | 3,353 | $1.8B | +10.8% | -27.0% | 6.5% |
| Idaho | 3,262 | $1.4B | +24.5% | -20.8% | 1.3% |
| Oklahoma | 3,025 | $1.8B | -1.2% | -7.1% | 2.6% |
| Puerto Rico | 2,924 | $504M | -12.0% | +18.6% | 1.4% |
| New Hampshire | 2,762 | $804M | -2.4% | -23.5% | 1.6% |
| Kentucky | 2,738 | $1.3B | +3.4% | -22.0% | 2.5% |
| Kansas | 2,608 | $1.3B | +1.0% | -23.1% | 1.8% |
| Louisiana | 2,487 | $1.6B | -6.9% | -37.1% | 4.7% |
| Alabama | 2,339 | $1.6B | +11.4% | -37.8% | 4.4% |
| Iowa | 2,231 | $944M | -2.3% | -30.5% | 2.4% |
| Mississippi | 1,962 | $1.2B | -12.5% | -6.7% | 3.3% |
| Nebraska | 1,898 | $874M | -15.8% | -11.1% | 1.6% |
| Maine | 1,825 | $497M | +1.2% | -29.0% | 1.2% |
| Arkansas | 1,820 | $1.1B | +29.1% | -22.7% | 2.2% |
| New Mexico | 1,445 | $855M | +14.8% | -20.0% | 1.7% |
| Rhode Island | 1,235 | $437M | +33.0% | -41.4% | 2.5% |
| Montana | 1,226 | $634M | +10.7% | -35.0% | 2.0% |
| Delaware | 1,114 | $436M | +5.2% | -17.3% | 6.9% |
| West Virginia | 1,081 | $414M | -8.9% | -21.3% | 1.5% |
| Vermont | 985 | $247M | +21.2% | -20.0% | 1.2% |
| South Dakota | 876 | $364M | +2.9% | -21.8% | 3.5% |
| Hawaii | 858 | $203M | -5.1% | -49.7% | 5.6% |
| North Dakota | 766 | $346M | -4.4% | -33.0% | 1.0% |
| District of Columbia | 689 | $302M | +14.8% | -9.3% | 11.3% |
| Alaska | 577 | $402M | -15.8% | -27.6% | 0.4% |
| Wyoming | 557 | $318M | +23.0% | -35.4% | 4.4% |
| U.S. Virgin Islands | 84 | $59M | 0.0% | n/a | n/a |
| Guam | 44 | $11M | -30.0% | n/a | n/a |
State = the borrower's state in the SBA record. "n/a" = fewer than 30 loans, too few for a fair rate.
Which cities get the most SBA loans?
Brooklyn, NY and Houston, TX lead, with 2,942 and 2,903 loans since fiscal 2020. Charge-off rates differ sharply between big cities: Miami, FL 13.1% and Brooklyn, NY 12.0%, against Phoenix, AZ 2.4% and Minneapolis, MN 2.8%.
| City | Loans since FY2020 | Dollars | FY2024 to FY2025 | Charged off (FY2020-22 loans) |
|---|---|---|---|---|
| Brooklyn, NY | 2,942 | $1.1B | -10.0% | 12.0% |
| Houston, TX | 2,903 | $2.3B | +12.2% | 4.6% |
| Los Angeles, CA | 2,762 | $1.8B | 0.0% | 4.0% |
| Miami, FL | 2,541 | $932M | -9.4% | 13.1% |
| Chicago, IL | 2,340 | $1.1B | +8.0% | 4.6% |
| New York, NY | 2,080 | $935M | -6.4% | 7.1% |
| Las Vegas, NV | 1,884 | $997M | +7.6% | 7.9% |
| Columbus, OH | 1,649 | $546M | -24.5% | 5.7% |
| San Diego, CA | 1,630 | $815M | +18.0% | 4.1% |
| Denver, CO | 1,527 | $924M | +7.4% | 3.2% |
| Minneapolis, MN | 1,513 | $657M | -13.7% | 2.8% |
| Dallas, TX | 1,505 | $1.1B | +14.6% | 3.0% |
| Phoenix, AZ | 1,473 | $1.0B | +21.1% | 2.4% |
| Austin, TX | 1,463 | $995M | +31.0% | 3.0% |
| Indianapolis, IN | 1,445 | $710M | -28.2% | 3.2% |
| San Antonio, TX | 1,268 | $872M | +7.6% | 3.5% |
| Atlanta, GA | 1,252 | $866M | +17.1% | 3.5% |
| Philadelphia, PA | 1,251 | $515M | -4.3% | 7.2% |
| Orlando, FL | 1,227 | $709M | -8.5% | 6.8% |
| Cincinnati, OH | 1,213 | $499M | -11.2% | 3.3% |
| Portland, OR | 1,150 | $655M | +9.0% | 2.7% |
| Tampa, FL | 1,150 | $742M | +6.1% | 5.6% |
| Charlotte, NC | 1,061 | $728M | +19.3% | 2.1% |
| Seattle, WA | 1,016 | $569M | +10.2% | 2.6% |
| Colorado Springs, CO | 914 | $487M | +7.9% | 6.5% |
City = the borrower's mailing city as written in the SBA record, not a metro area; suburbs count separately. All 214 cities with 200 or more loans are in the CSV.
Which industries borrow most, and which charge off most?
Construction took the most loans (43,592). Transportation and warehousing has the highest charge-off rate of the large sectors, 6.8%. In finer industry codes, administrative management and general management consulting services lead at 9.5%, while hotels (except casino hotels) and motels sit at 0.2%.
| Industry sector | Loans since FY2020 | Dollars | FY2024 to FY2025 | Charged off (FY2020-22 loans) |
|---|---|---|---|---|
| Construction | 43,592 | $16.2B | -0.5% | 4.4% |
| Accommodation and food services | 42,538 | $31.5B | +4.7% | 3.0% |
| Retail trade | 41,250 | $24.8B | +1.5% | 3.5% |
| Other services (repair, personal care, etc.) | 32,351 | $15.0B | +7.4% | 3.2% |
| Health care and social assistance | 32,313 | $19.7B | +8.4% | 2.0% |
| Professional, scientific and technical services | 31,918 | $13.6B | +4.4% | 3.7% |
| Manufacturing | 20,997 | $14.2B | -0.9% | 2.3% |
| Administrative and support services | 19,634 | $7.0B | +3.7% | 4.4% |
| Transportation and warehousing | 19,461 | $6.0B | -12.1% | 6.8% |
| Wholesale trade | 14,394 | $9.6B | -11.9% | 4.6% |
| Arts, entertainment and recreation | 12,060 | $6.1B | +11.9% | 4.3% |
| Real estate and rental | 8,096 | $4.9B | -5.8% | 3.1% |
| Finance and insurance | 6,376 | $3.2B | +12.1% | 2.3% |
| Educational services | 5,156 | $2.2B | +13.3% | 3.9% |
| Agriculture, forestry, fishing | 3,603 | $2.5B | +1.8% | 1.5% |
| Information | 3,181 | $1.5B | -2.6% | 3.0% |
Highest and lowest charge-off rates among detailed industries with 300 or more loans approved in fiscal 2020 to 2022:
| Industry (NAICS code) | Charged off | Loans |
|---|---|---|
| Administrative Management and General Management Consulting Services (541611) | 9.5% | 548 |
| Other Management Consulting Services (541618) | 8.9% | 370 |
| Marketing Consulting Services (541613) | 8.0% | 511 |
| Couriers and Express Delivery Services (492110) | 7.9% | 379 |
| Residential Remodelers (236118) | 7.7% | 2,089 |
| Mobile Food Services (722330) | 7.7% | 377 |
| Gasoline Stations with Convenience Stores (457110) | 0.0% | 322 |
| Funeral Homes and Funeral Services (812210) | 0.0% | 403 |
| Hotels (except Casino Hotels) and Motels (721110) | 0.2% | 2,773 |
| Veterinary Services (541940) | 0.3% | 718 |
| Lessors of Miniwarehouses and Self-Storage Units (531130) | 0.3% | 579 |
| Gasoline Stations with Convenience Stores (447110) | 0.4% | 1,433 |
Industry = the NAICS code in the SBA record. Some industries appear twice because NAICS codes were renumbered in 2022.
Which lenders make the most SBA 7(a) loans?
The Huntington National Bank made the most, 38,974 loans. By dollars, Live Oak Banking Company stands out: $13.1 billion on 9,660 loans, a median of $785,000. Lenders that make many small loans tend to show higher charge-off rates, so compare rates with care.
| Lender | Loans since FY2020 | Dollars | Median loan | Charged off (FY2020-22 loans) |
|---|---|---|---|---|
| The Huntington National Bank | 38,974 | $10.1B | $94,700 | 3.7% |
| U.S. Bank | 15,246 | $3.8B | $45,000 | 5.5% |
| TD Bank | 15,124 | $2.3B | $50,000 | 13.7% |
| Wells Fargo Bank | 11,230 | $3.1B | $15,000 | 8.6% |
| Manufacturers and Traders Trust Company | 11,025 | $1.4B | $50,000 | 10.7% |
| Live Oak Banking Company | 9,660 | $13.1B | $785,000 | 1.1% |
| Readycap Lending, LLC | 9,054 | $3.9B | $150,000 | 4.6% |
| BayFirst National Bank | 8,659 | $1.6B | $150,000 | 8.2% |
| Newtek Bank | 8,564 | $3.2B | $200,000 | n/a |
| JPMorgan Chase Bank | 8,270 | $2.1B | $185,000 | 4.8% |
| Northeast Bank | 6,609 | $976M | $103,300 | 5.9% |
| Celtic Bank Corporation | 5,338 | $3.6B | $150,000 | 3.2% |
| United Midwest Savings Bank | 4,910 | $1.7B | $150,000 | 11.7% |
| KeyBank | 4,501 | $1.7B | $100,000 | 3.5% |
| Bank of America | 3,691 | $1.9B | $331,500 | 0.3% |
Lender names as written in the SBA record. "n/a" = the lender made fewer than 30 loans in fiscal 2020 to 2022. The top 100 lenders are in the CSV.
SBA loans in Texas
Texas borrowers took 25,790 SBA 7(a) loans worth $19.2 billion, with a median of $340,000, well above the national $200,000. Approvals rose 10.2% in fiscal 2025, then fell 23.3% from December to June 30 of fiscal 2026. 4.4% of fiscal 2020 to 2022 loans have been charged off, against 3.6% nationally.
| City | Loans since FY2020 | Dollars | FY2024 to FY2025 | Charged off (FY2020-22 loans) |
|---|---|---|---|---|
| Houston | 2,903 | $2.3B | +12.2% | 4.6% |
| Dallas | 1,505 | $1.1B | +14.6% | 3.0% |
| Austin | 1,463 | $995M | +31.0% | 3.0% |
| San Antonio | 1,268 | $872M | +7.6% | 3.5% |
| Fort Worth | 793 | $625M | -11.5% | 4.8% |
What this means if you plan to apply
Lenders approve on clean numbers. Expect to provide up-to-date financial statements, business tax returns and a cash-flow forecast that shows the loan can be repaid. Books that are months behind are the most common reason an application stalls, so catch up first.
Our free 13-week cash-flow forecast is the format many lenders recognise. If you want a senior team to prepare the numbers, see our fractional CFO service.
Download the data
Free to reuse with credit to Korven Consulting and a link to this page (CC BY 4.0). Each file covers SBA 7(a) loans approved from October 1, 2019 to June 30, 2026.
- By state (CSV)
- By city (200+ loans) (CSV)
- By industry sector (CSV)
- By detailed industry (300+ loans) (CSV)
- Top 100 lenders (CSV)
- By fiscal year (CSV)
Sources and method
All figures come from the U.S. Small Business Administration's 7(a) FOIA loan data (fiscal 2020 to present, as of June 30, 2026), a public-domain record of every 7(a) loan the SBA has guaranteed. We count loans by approval date and borrower location and leave out loans the SBA lists as cancelled. Dollars are the full loan amount, not only the SBA-guaranteed share.
- Charge-off rate: loans with the status "charged off", divided by loans approved, for fiscal 2020 to 2022 loans only, so each has had at least 3.5 years to perform. A charge-off means the lender wrote off the rest of the loan; it is not the same as a business closing.
- Fiscal 2026 comparison: approvals from December 1 to June 30, against the same dates a year earlier, with later-cancelled loans included in both years.
- Not included: SBA 504 loans, microloans, disaster loans, PPP and other lending. These are SBA 7(a) loans, not all small-business loans.
- Updates: the SBA republishes the file each quarter. We refresh this page when it does.
This page is general information, not financial or lending advice.