{"citation":"SBA loans to physician practices in Puerto Rico. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/offices-of-physicians/puerto-rico/ Source: SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026 (https://data.sba.gov/dataset/7a-504-foia).","url":"https://www.sbaexpress.loans/industries/offices-of-physicians/puerto-rico/","title":"SBA loans to physician practices in Puerto Rico","data_as_of":"2026-06-30","checked":null,"sources":[{"label":"SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026","url":"https://data.sba.gov/dataset/7a-504-foia"}],"data":{"window":{"id":"all","from":"2019-10-01","to":"2026-06-30"},"state":{"code":"PR","name":"Puerto Rico"},"industry":{"naics":"621111","name":"Offices of Physicians (except Mental Health Specialists)","url":"/industries/offices-of-physicians/"},"loans":233,"dollars_approved":44487100,"measures":{"share_of_all_loans_pct":{"state":7.969,"national":1.089,"reading":"Clearly higher"},"median_loan":{"state":124000,"national":300000,"reading":"Clearly lower"},"middle_half_of_loans":{"state":{"p25":50000,"p75":251000},"national":{"p25":100000,"p75":723300}},"startup_pct":{"state":28.3,"national":25.7,"reading":"No clear gap"},"new_pct":{"state":21.0,"national":17.7,"reading":"No clear gap"},"existing_pct":{"state":50.2,"national":52.3,"reading":"No clear gap"},"ownership_pct":{"state":null,"national":3.0,"reading":"n/a"},"express_pct":{"state":75.5,"national":32.8,"reading":"Clearly higher"},"loc_pct":{"state":32.2,"national":21.5,"reading":"Clearly higher"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":3.0,"national":2.5}},"clear_gaps":["express","size","loc","share"],"top_lenders":{"Banco Popular de Puerto Rico":144,"Oriental Bank":75,"FirstBank Puerto Rico":14},"note":"Null means fewer than 5 loans. Loans SBA approved only: the file has no denials. Spread over Prime is the rate at approval minus Prime that day, not today's rate."}}