SBA Express Loan Statistics
SBA Express is the 7(a) program for loans and lines of credit up to $500,000 with a 50% SBA guaranty. These are the program's numbers, counted from SBA's own loan-level file as of June 30, 2026. Every figure on this page is reproducible from the public data, and the counting rules are at the bottom.
Key figures for FY2025
Lenders made 21,346 SBA Express loans worth $2.28 billion in fiscal year 2025. The typical loan is small: the median was $50,000, and 54.4% of loans were $50,000 or less. A minority of larger loans pulls the average up to $106,961; 36.3% were $100,000 or more. Most SBA Express credit is revolving: SBA's file flags 78% of FY2025 loans as lines of credit rather than term loans.
SBA Express loans by fiscal year
Volume peaked in FY2024 at 23,888 loans. FY2026 is a partial year, so compare it to the same months of earlier years, not to a full year.
| Fiscal year | Loans made | Dollars | Average loan | Approved, then cancelled |
|---|---|---|---|---|
| FY2020 | 15,546 | $1.46 billion | $94,098 | 2,568 |
| FY2021 | 15,728 | $2.04 billion | $129,776 | 2,378 |
| FY2022 | 17,811 | $1.75 billion | $98,174 | 2,440 |
| FY2023 | 22,946 | $2.27 billion | $98,716 | 2,343 |
| FY2024 | 23,888 | $2.45 billion | $102,665 | 2,505 |
| FY2025 | 21,346 | $2.28 billion | $106,961 | 2,811 |
| FY2026 (through June 30, 2026) | 12,798 | $1.34 billion | $104,832 | 1,173 |
Source: SBA 7(a) FOIA loan-level data, as of June 30, 2026. Loans SBA approved and later cancelled are excluded. Fiscal years run October through September.
How big are SBA Express loans?
Size bands for loans made in FY2025. The program maximum is $500,000.
| Amount | Count | Share |
|---|---|---|
| $25,000 or less | 5,581 | 26.1% |
| $25,001 to $50,000 | 6,037 | 28.3% |
| $50,001 to $100,000 | 3,826 | 17.9% |
| $100,001 to $150,000 | 1,369 | 6.4% |
| $150,001 to $250,000 | 2,362 | 11.1% |
| $250,001 to $350,000 | 954 | 4.5% |
| $350,001 to $500,000 | 1,217 | 5.7% |
Source: SBA 7(a) FOIA loan-level data, as of June 30, 2026. Loans SBA approved and later cancelled are excluded. Fiscal years run October through September.
Who borrows through SBA Express
Most SBA Express money goes to established companies. In FY2025, 62.2% of loans went to businesses more than two years old and 23% to businesses two years old or younger. Loans to open a brand-new business were 9.9%, and loans financing a change of ownership, such as buying an existing business, were 4.9% (1,047 loans). Franchise businesses took 4.8%.
Lenders reported collateral on 72.8% of loans, and 84.4% carried a variable rate.
Top industries
Contractors and restaurants dominate. These were the ten industries (by NAICS code) with the most SBA Express loans in FY2025:
| Industry | Loans |
|---|---|
| Residential Remodelers | 827 |
| Full-Service Restaurants | 824 |
| Plumbing, Heating, and Air-Conditioning Contractors | 503 |
| Landscaping Services | 482 |
| Limited-Service Restaurants | 477 |
| All Other Specialty Trade Contractors | 452 |
| Electrical Contractors and Other Wiring Installation Contractors | 435 |
| Fitness and Recreational Sports Centers | 373 |
| Beauty Salons | 366 |
| General Automotive Repair | 325 |
Source: SBA 7(a) FOIA loan-level data, as of June 30, 2026. Loans SBA approved and later cancelled are excluded. Fiscal years run October through September.
Lenders that make the most SBA Express loans
812 lenders made at least one SBA Express loan in FY2025 and FY2026 through June 30, 2026, but volume is concentrated: the ten largest made 65.6% of all loans, and only 29 lenders made 100 or more. Median loan size varies a lot from lender to lender, which tells you who is lending small revolving lines and who is lending larger term loans.
| Rank | Lender | Loans | Median loan | Lines of credit |
|---|---|---|---|---|
| 1 | U.S. Bank | 4,066 | $40,000 | 44.2% |
| 2 | The Huntington National Bank | 3,850 | $50,000 | 99.8% |
| 3 | M&T Bank | 3,790 | $40,000 | 65.8% |
| 4 | TD Bank | 3,771 | $50,000 | 92.1% |
| 5 | JPMorgan Chase Bank | 2,171 | $200,000 | 82.8% |
| 6 | Newtek Bank | 1,258 | $50,000 | 72.7% |
| 7 | Columbia Bank | 1,097 | $50,000 | 93.4% |
| 8 | Wells Fargo Bank | 1,052 | $15,000 | 99.8% |
| 9 | Zions Bank | 699 | $40,000 | 77.7% |
| 10 | KeyBank | 658 | $30,000 | 81.2% |
Source: SBA 7(a) FOIA loan-level data, as of June 30, 2026. Loans SBA approved and later cancelled are excluded. Fiscal years run October through September. Window: FY2025 and FY2026 through June 30, 2026.
See all 94 lenders with 25 or more recent SBA Express loans.
Interest rates at approval
The median initial rate on SBA Express loans approved in FY2026 through June 30, 2026, grouped by the loan-size tiers SBA uses for its rate caps. Smaller loans are allowed a wider spread over the base rate, and the medians show it.
| Loan amount | Median initial rate | Loans |
|---|---|---|
| $50,000 or less | 10.50% | 7,050 |
| $50,001 to $250,000 | 9.50% | 4,547 |
| $250,001 to $350,000 | 8.75% | 520 |
| Over $350,000 | 8.75% | 681 |
Source: SBA 7(a) FOIA loan-level data, as of June 30, 2026. Loans SBA approved and later cancelled are excluded. Fiscal years run October through September. These are rates at approval, which move with the prime rate. They are history, not a quote; today's caps are on the loan terms page.
How often SBA Express loans are charged off
A charge-off is a loan the lender has written off as uncollectible and claimed against SBA's guaranty. For the oldest cohorts in the file, these are the charge-offs recorded so far. The count can still rise as the remaining loans season.
| Approval year | Loans made | Charged off so far | Share |
|---|---|---|---|
| FY2020 | 15,546 | 852 | 5.5% |
| FY2021 | 15,728 | 735 | 4.7% |
| FY2022 | 17,811 | 1,074 | 6% |
Source: SBA 7(a) FOIA loan-level data, as of June 30, 2026. Loans SBA approved and later cancelled are excluded. Fiscal years run October through September.
States with the most SBA Express loans
| State | Loans, FY2025 to Jun 2026 | Median loan |
|---|---|---|
| California | 3,391 | $50,000 |
| New York | 3,325 | $50,900 |
| Florida | 2,124 | $70,000 |
| Ohio | 1,610 | $50,000 |
| New Jersey | 1,589 | $55,000 |
| Texas | 1,570 | $85,000 |
| Massachusetts | 1,558 | $65,000 |
| Washington | 1,408 | $50,000 |
| Pennsylvania | 1,334 | $50,000 |
| Michigan | 1,068 | $66,500 |
Source: SBA 7(a) FOIA loan-level data, as of June 30, 2026. Loans SBA approved and later cancelled are excluded. Fiscal years run October through September.
Every state's figures, top lenders and top industries are on its page; start from SBA Express loans by state.
How we count, and how to cite this page
- "SBA Express" means loans SBA coded as SBA Express Program. Export Express is excluded.
- Loans SBA approved and the lender later cancelled are excluded, because they were never made. Charge-off shares use the same denominator.
- A lender is the FDIC certificate or NCUA charter on the loan, so a renamed bank counts once.
- States are where the business is located, not where the lender is.
- The data is SBA's quarterly public file, as of June 30, 2026. We refresh these pages when SBA publishes a new file.
Download the lender table as CSV or the full summary as JSON. You are welcome to cite or republish these figures with a link to this page.
sbaexpress.loans is not a lender and is not affiliated with the U.S. Small Business Administration or with any lender named here. Figures describe loans SBA has already approved. They are not a lender's current credit policy, an offer, or a rate quote.
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Related Questions
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