# SBA loans to physician practices in Puerto Rico **Short answer:** SBA's loan file shows 233 loans to physician practices in Puerto Rico since October 2019. 75.5% went through SBA Express, against 32.8% nationally. The median loan was $124,000, less than half the national median of $300,000. Canonical page: https://www.sbaexpress.loans/industries/offices-of-physicians/puerto-rico/ Data as of: 2026-06-30 These are the 233 SBA 7(a) loans to [physician practices](https://www.sbaexpress.loans/industries/offices-of-physicians/) in [Puerto Rico](https://www.sbaexpress.loans/puerto-rico-small-business-loans/) approved October 2019 to June 2026. Each figure is set against the national figure for the same industry and period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what lenders have done and not what any lender will do for you. Every state page for this industry uses this same period, so the pages can be compared with each other. ## How Puerto Rico differs from the U.S. **What this means for you.** SBA Express was a more common route for these loans here, so ask lenders about it if your loan is small enough to qualify. ### SBA Express 75.5% of the loans in Puerto Rico went through SBA Express, against 32.8% nationally. SBA Express, share of loans, Oct 2019 to Jun 2026 - Puerto Rico: 75.5% - United States: 32.8% ### Loan size The median loan was $124,000 in Puerto Rico, less than half the national median of $300,000. The middle half of loans in Puerto Rico ran from $50,000 to $251,000. Nationally the middle half ran from $100,000 to $723,300. Median loan, Oct 2019 to Jun 2026 - Puerto Rico: $124,000 - United States: $300,000 ### Lines of credit 32.2% of the loans in Puerto Rico were lines of credit, against 21.5% nationally. Lines of credit, share of loans, Oct 2019 to Jun 2026 - Puerto Rico: 32.2% - United States: 21.5% We compared 8 measures with the national figure for the same period, and these are the 3 that differ clearly. One more difference is in the table. ## Puerto Rico next to the U.S. **Puerto Rico compared with all loans to physician practices in the U.S., October 2019 to June 2026** | Measure | Puerto Rico | United States | Reading | | --- | --- | --- | --- | | Industry's share of all SBA loans | 8.0% | 1.1% | Clearly higher | | Median loan | $124,000 | $300,000 | Clearly lower | | Middle half of loans | $50,000 to $251,000 | $100,000 to $723,300 | – | | Startups (the loan opens the business) | 28.3% | 25.7% | No clear gap | | In business 2 years or less | 21.0% | 17.7% | No clear gap | | In business more than 2 years | 50.2% | 52.3% | No clear gap | | Change of ownership | Fewer than 5 | 3.0% | n/a | | SBA Express | 75.5% | 32.8% | Clearly higher | | Lines of credit | 32.2% | 21.5% | Clearly higher | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 3 points over Prime | 2.5 points over Prime | – | Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference. ## Who lends in Puerto Rico The 3 lenders below made 233 of the 233 loans approved October 2019 to June 2026, or 100%. A lender is listed when it has 5 or more of them, five at most. **Top lenders in Puerto Rico** | Lender | Loans | Share here | U.S. share | | --- | --- | --- | --- | | [Banco Popular de Puerto Rico](https://www.sbaexpress.loans/sba-express-lenders/banco-popular-de-puerto-rico/) | 144 | 61.8% | 3.9% | | [Oriental Bank](https://www.sbaexpress.loans/sba-express-lenders/oriental-bank/) | 75 | 32.2% | Not in top 5 | | [FirstBank Puerto Rico](https://www.sbaexpress.loans/sba-express-lenders/firstbank-puerto-rico/) | 14 | 6.0% | Not in top 5 | Share here is the lender's share of the loans in this state. U.S. share is its share of all loans to this industry nationally. Not in top 5 means it is not one of the five lenders with the most loans to the industry. ## Physician practices in other states Other states where these loans differ clearly from the national pattern, most loans first. **Physician practices by state** | State | Loans since October 2019 | | --- | --- | | [California](https://www.sbaexpress.loans/industries/offices-of-physicians/california/) | 515 | | [Texas](https://www.sbaexpress.loans/industries/offices-of-physicians/texas/) | 393 | | [Florida](https://www.sbaexpress.loans/industries/offices-of-physicians/florida/) | 388 | | [New York](https://www.sbaexpress.loans/industries/offices-of-physicians/new-york/) | 207 | | [Georgia](https://www.sbaexpress.loans/industries/offices-of-physicians/georgia/) | 142 | | [Arizona](https://www.sbaexpress.loans/industries/offices-of-physicians/arizona/) | 123 | | [Ohio](https://www.sbaexpress.loans/industries/offices-of-physicians/ohio/) | 107 | | [Massachusetts](https://www.sbaexpress.loans/industries/offices-of-physicians/massachusetts/) | 65 | ## More industries in Puerto Rico Other industries in Puerto Rico with a clear difference from the national pattern, most loans first. **Other industries in Puerto Rico** | Industry | Loans since October 2019 | | --- | --- | | [Sit-down restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/puerto-rico/) | 177 | | [Physical therapy, speech therapy and audiology practices](https://www.sbaexpress.loans/industries/offices-of-physical-occupational-speech-therapists-audiologists/puerto-rico/) | 89 | | [Chiropractic practices](https://www.sbaexpress.loans/industries/offices-of-chiropractors/puerto-rico/) | 68 | | [Fast-food, pizza and counter-service restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/puerto-rico/) | 62 | | [Clinical and diagnostic laboratories](https://www.sbaexpress.loans/industries/medical-laboratories/puerto-rico/) | 60 | | [Commercial building contractors](https://www.sbaexpress.loans/industries/commercial-institutional-building-construction/puerto-rico/) | 58 | | [Dental practices](https://www.sbaexpress.loans/industries/offices-of-dentists/puerto-rico/) | 58 | | [Pharmacies](https://www.sbaexpress.loans/industries/pharmacies-drug-retailers/puerto-rico/) | 58 | How to read this Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Industry is the NAICS code recorded on each loan. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. [How we build these pages](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)