SBAPULSE

Morgan Stanley Bank NA

Headquartered in SALT LAKE CITY, UT

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504 Third Party Lending

First mortgage amounts committed alongside 504 debentures

FY2026 Volume

$3.0M

#567 by FY2026 volume

FY2026 Loans

7

$433K avg size

FY2022–FY2026 Volume

$38.8M

FY2022–FY2026 Loans

41

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026

Low
High

Activity by State

5 states, districts, and territories with activity

#
1CA3$1.5M$505K
2IN1$0.6M$634K
3FL1$0.3M$315K
4SC1$0.3M$300K
5GA1$0.3M$265K

Source: SBA lender activity reports, data as of Sep 30, 2026. Historical years reflect fiscal year-end figures and are not restated for subsequent acquisitions or mergers. See data sources & methodology.