Small business loans in San Juan, PR
Short answer
The most active SBA lenders in San Juan, PR since FY2024 are Banco Popular de Puerto Rico (174 loans) and FirstBank Puerto Rico (44). The median loan was $100,000, and half fell between $40,000 and $226,350. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 264
- approved since FY2024
- $54.41M
- median loan
- $100,000
- through SBA Express
- 76.1%
Lenders making SBA loans in San Juan
Banco Popular de Puerto Rico alone made 66% of the loans in San Juan. The three largest lenders together made 97%.
| Lender | Loans | Share |
|---|---|---|
| Banco Popular de Puerto Rico | 174 | 65.9% |
| FirstBank Puerto Rico | 44 | 16.7% |
| Oriental Bank | 38 | 14.4% |
Share is the percent of all San Juan loans in that period. Each name links to that lender's page for Puerto Rico where one exists.
San Juan has three lenders with five or more loans since FY2024. Others had fewer, and the Puerto Rico page counts 11 lenders with at least one approved loan statewide.
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Local help near San Juan
San Juan borrowers can start with SBA's district office for Puerto Rico, an SBDC or SCORE.
31% of San Juan borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
SBA has one district office for Puerto Rico. Its page points to state and federal resources and to lenders in the area. The Puerto Rico Small Business and Technology Development Center gives free counseling across Puerto Rico.
- SBA Puerto Rico and U.S. Virgin Islands District OfficeSBA district office
- Puerto Rico Small Business and Technology Development CenterSmall Business Development Center
- SCORE mentors in Puerto RicoBusiness mentoring
Alongside SBA loans, Puerto Rico runs two loan programs. The Puerto Rico page describes each, and the official pages are linked here.
Loan counts and sizes in San Juan
San Juan ranks 1st by loans since FY2024 among the 5 Puerto Rico cities with 100 or more SBA loans since FY2020. Nationally it is the 49th busiest of the 580 cities that reach 100 loans.
The 264 loans, 17.7% of the 1,490 in Puerto Rico, were approved for $54.4 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $100,000, 33% below the national median of $150,300. Half of the loans fell between $40,000 and $226,350. The San Juan median is 96% above the Puerto Rico median of $51,050.
| Measure | San Juan | Puerto Rico | U.S. |
|---|---|---|---|
| Loans | 264 | 1,490 | 162,355 |
| Median loan | $100,000 | $51,050 | $150,300 |
| 25th percentile | $40,000 | $25,000 | $50,000 |
| 75th percentile | $226,350 | $180,000 | $500,000 |
| Via SBA Express | 76.1% | 77.5% | 35.8% |
| Lines of credit | 47.3% | 50.7% | 28.1% |
| Startups | 15.9% | 18.1% | 16.1% |
| Ownership changes | n/a | 1.1% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 3.5 | 3.75 | 2.75 |
| Charged off | Fewer than 5 | 1.4% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
96% of the loans were $500,000 or less, the size SBA Express covers. 76.1% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 47.3% of loans, above the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume fell 18% from FY2024 (104 loans) to FY2025 (85), the two latest full years. The busiest full year in the file was FY2024, with 104 loans. FY2026 already shows 75 loans through June 30.
Of the 217 loans San Juan borrowers received in FY2020 to FY2022, fewer than 5 were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. Lenders reported 3,482 jobs supported across the 264 loans since FY2024, about 13.2 per loan. SBA does not audit these estimates.
What businesses in San Juan borrow for
Full-Service Restaurants was the largest borrower group in San Juan, with 28 loans or 10.6% of the total.
The five largest industries made up 29% of all San Juan loans. Offices of Physicians (except Mental Health Specialists) stands out: its 20 loans are 7.6% of San Juan loans, against 1.1% nationally, 6.9 times its national share.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Full-Service Restaurants | 28 | 10.6% | 4.6% |
| Offices of Physicians (except Mental Health Specialists) | 20 | 7.6% | 1.1% |
| Commercial and Institutional Building Construction | 10 | 3.8% | 0.7% |
| Offices of Physical, Occupational and Speech Therapists, and Audiologists | 10 | 3.8% | 0.6% |
| Engineering Services | 8 | 3.0% | 0.5% |
Share is the percent of all San Juan loans in that period. Industry is the NAICS code on each loan. A name links to the Puerto Rico page for that industry where one exists.
A typical loan payment in San Juan
The median San Juan loan was $100,000 with a median term of 10 years.
The median variable-rate loan in San Juan was priced at Prime plus 3.5 percentage points at approval. At today's Prime that spread works out to 10.50%. On $100,000 over 10 years, principal and interest would come to about $1,349 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $40,000 | $540 |
| Median loan | $100,000 | $1,349 |
| 75th percentile loan | $226,350 | $3,054 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $100,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 2.5 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
San Juan loans approved since FY2024 had a median starting rate of 11% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $100,000 loan and SBA Express payment calculator.
SBA 504 loans near San Juan
San Juan has 36 SBA 504 loans since FY2024, with $15.9 million in SBA and CDC dollars.
The median 504 loan in San Juan was $331,000 in SBA and CDC dollars, 7% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.
PYMES Financial Partners, Inc. is the Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on the most loans since FY2024, with 13. Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) follows with 12. The three CDCs listed are named on 36 loans between them.
| Certified Development Company | 504 loans |
|---|---|
| PYMES Financial Partners, Inc. | 13 |
| Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 12 |
| Marketing Small Business Finance Corporation | 11 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
Puerto Rico cities near San Juan
San Juan made up 17.7% of Puerto Rico's SBA loans since FY2024.
San Juan is one of 5 Puerto Rico cities with 100 or more SBA loans since FY2020. The Puerto Rico page covers all 1,490 loans in Puerto Rico. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in San Juan
Which lenders make the most SBA loans in San Juan?
Banco Popular de Puerto Rico leads with 174 loans in San Juan since FY2024. FirstBank Puerto Rico (44) and Oriental Bank (38) follow. Only lenders with five or more San Juan loans are counted.
Which industries get SBA loans in San Juan?
Full-Service Restaurants leads with 28 loans in San Juan since FY2024. Offices of Physicians (except Mental Health Specialists) (20) and Commercial and Institutional Building Construction (10) follow.
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. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Puerto Rico and U.S. Virgin Islands District Office
- Puerto Rico Small Business and Technology Development Center
- SCORE, Puerto Rico
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in San Juan, PR. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/puerto-rico-small-business-loans/san-juan/
Ask lending partners about a loan in San Juan
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.