7(a) Lending
Gross approval amounts
FY2025 Volume
$105.3M
FY2025 Loans
166
$635K avg size
FY2022–FY2026 Volume
$459.7M
FY2022–FY2026 Loans
938
Annual Trend
Approval volume (bars) and loan count (line)
Volume (left axis)Loans (right axis)
Geographic Footprint
Approval volume by project state, FY2025
LowHigh
Activity by State
8 states, districts, and territories with activity
| # | ||||
|---|---|---|---|---|
| 1 | MI | 65 | $38.4M | $591K |
| 2 | TX | 61 | $38.2M | $626K |
| 3 | CA | 21 | $10.0M | $477K |
| 4 | AZ | 11 | $6.4M | $583K |
| 5 | NY | 2 | $4.5M | $2.3M |
| 6 | NC | 2 | $3.7M | $1.9M |
| 7 | CO | 1 | $2.3M | $2.3M |
| 8 | FL | 3 | $1.8M | $599K |
504 Third Party Lending
First mortgage amounts committed alongside 504 debentures
FY2025 Volume
$18.2M
FY2025 Loans
11
$1.7M avg size
FY2022–FY2026 Volume
$115.5M
FY2022–FY2026 Loans
51
Annual Trend
Approval volume (bars) and loan count (line)
Volume (left axis)Loans (right axis)
Geographic Footprint
Approval volume by project state, FY2025
LowHigh
Activity by State
3 states, districts, and territories with activity
| # | ||||
|---|---|---|---|---|
| 1 | CA | 8 | $12.3M | $1.5M |
| 2 | AZ | 2 | $4.5M | $2.2M |
| 3 | MI | 1 | $1.4M | $1.4M |
Source: SBA lender activity reports, data as of Jun 30, 2026. Historical years reflect fiscal year-end figures and are not restated for subsequent acquisitions or mergers. See data sources & methodology.