7(a) Lending
Gross approval amounts
FY2026 Volume
$943.0M
#4 by FY2026 volume
FY2026 Loans
3,068
$307K avg size
FY2022–FY2026 Volume
$3.15B
FY2022–FY2026 Loans
13,811
Annual Trend
Approval volume (bars) and loan count (line)
Geographic Footprint
Approval volume by project state, FY2026
Activity by State
45 states, districts, and territories with activity
| # | ||||
|---|---|---|---|---|
| 1 | CA | 923 | $285.9M | $310K |
| 2 | WA | 166 | $67.7M | $408K |
| 3 | OH | 158 | $58.8M | $372K |
| 4 | MN | 185 | $55.7M | $301K |
| 5 | TX | 59 | $50.5M | $855K |
| 6 | IL | 171 | $49.2M | $288K |
| 7 | OR | 167 | $46.8M | $280K |
| 8 | CO | 173 | $41.6M | $241K |
| 9 | AZ | 84 | $29.3M | $349K |
| 10 | UT | 75 | $25.7M | $343K |
504 Third Party Lending
First mortgage amounts committed alongside 504 debentures
FY2026 Volume
$85.5M
#16 by FY2026 volume
FY2026 Loans
44
$1.9M avg size
FY2022–FY2026 Volume
$414.0M
FY2022–FY2026 Loans
233
Annual Trend
Approval volume (bars) and loan count (line)
Geographic Footprint
Approval volume by project state, FY2026
Activity by State
12 states, districts, and territories with activity
| # | ||||
|---|---|---|---|---|
| 1 | CA | 26 | $58.7M | $2.3M |
| 2 | TN | 1 | $5.3M | $5.3M |
| 3 | MN | 1 | $4.3M | $4.3M |
| 4 | UT | 6 | $4.2M | $707K |
| 5 | OH | 2 | $2.6M | $1.3M |
| 6 | NV | 1 | $2.4M | $2.4M |
| 7 | IL | 1 | $2.3M | $2.3M |
| 8 | TX | 1 | $2.0M | $2.0M |
| 9 | SC | 1 | $1.7M | $1.7M |
| 10 | WA | 2 | $1.0M | $475K |
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.