SBA Lending Data

Quarterly insights

One market report per fiscal quarter, built from every 7(a) and 504 loan approved in it. Volume and mix, pricing, the lender league table, industries, geography and a full appendix. Each one is written to be read from either side of the table, and each one prints to PDF.

Latest published

January to March 2026

SBA fiscal 2026, second quarter

11,701 approvals worth $7.2B across 886 lenders. Median 7(a) rate 9.50%, Prime + 2.75.

Read the report →

Loans11,701

Approved$7.2B

Average loan$615K

Median rate9.50%

All published quarters

January to March 2026SBA fiscal 2026, second quarter11,701 loans-38% YoY$7.2B approved-25% YoY9.50% median rateLargest lender Live Oak Banking Company. Largest sector Accommodation and Food Services.Read →October to December 2025SBA fiscal 2026, first quarter8,340 loans-51% YoY$5.0B approved-41% YoY9.75% median rateLargest lender Live Oak Banking Company. Largest sector Accommodation and Food Services.Read →July to September 2025SBA fiscal 2025, fourth quarter13,876 loans-23% YoY$9.2B approved-4% YoY10.00% median rateLargest lender Live Oak Banking Company. Largest sector Accommodation and Food Services.Read →April to June 2025SBA fiscal 2025, third quarter14,654 loans-14% YoY$8.1B approved-0% YoY10.25% median rateLargest lender Live Oak Banking Company. Largest sector Accommodation and Food Services.Read →January to March 2025SBA fiscal 2025, second quarter18,996 loans+20% YoY$9.6B approved+32% YoY10.25% median rateLargest lender Live Oak Banking Company. Largest sector Accommodation and Food Services.Read →October to December 2024SBA fiscal 2025, first quarter16,874 loans+24% YoY$8.3B approved+26% YoY10.50% median rateLargest lender Live Oak Banking Company. Largest sector Accommodation and Food Services.Read →July to September 2024SBA fiscal 2024, fourth quarter18,049 loans+16% YoY$9.6B approved+14% YoY11.25% median rateLargest lender Live Oak Banking Company. Largest sector Accommodation and Food Services.Read →April to June 2024SBA fiscal 2024, third quarter17,033 loans+23% YoY$8.2B approved+17% YoY11.25% median rateLargest lender The Huntington National Bank. Largest sector Accommodation and Food Services.Read →

Not published

April to June 2026SBA fiscal 2026, third quarter, also called calendar Q2 2026Withheld

Still arriving. The quarter holds 4,208 approvals against 14,654 a year earlier, and the shape gives it away: 2,933 in April, 1,231 in May and 44 in June, against a monthly norm in the thousands. Approvals reach this file for months after the fact, so this is a reporting lag rather than a collapse in lending. It will publish once a later snapshot fills it in.

These quarters exist in the snapshot but are too incomplete to report. Publishing them would show a fall of a third to three quarters that is an artifact of SBA reporting lag, and a PDF of that would travel further than any caveat attached to it. They will appear here when a later snapshot fills the months in.