SMALL BUSINESS LENDING INTEL

Business Over 2 Years Old

Existing Businesses Over 2 Years Old Receiving SBA Loans

SBA 7(a) Loans in FY2024

  • 1,065 banks funded 36,250 loans to existing businesses over 2 years old from 814 industries. For franchise loans to businesses over 2 years old there were 267 banks funding 1,045 loans in 163 industries for 589 brands.

  • Existing businesses were funded in all 50 states with borrowers from 5,791 cities. 48 states had a franchise loan funded from borrowers from 734 different cities.

  • Existing businesses over 2 years old represented 45% of all funded dollars and 15% of franchise funded dollars.

  • 75% of banks funded a an existing business over 2 years old loan with 15% of banks funding an established franchise business.

  • Average loan amount was $347K with the average franchise funded loan at $808K. 

  • There were 2,802 loans over $1 million loan amount provided to established businesses with 222 going to established franchise businesses.

  • 73% of funded loans to existing businesses over 2 years old were provided by out-of-state lenders and 75% of established franchise business loans.

SBA Loans to Existing Businesses Over 2 Years Old

FY 2024 SBA 7(a) Funded Loans

All LOANS

FRANCHISE LOANS

Top Industries in SBA Lending: Loans to Existing Businesses Over 2 Years Old

FY 2024 SBA 7(a) Funded Loans

All LOANS

FRANCHISE LOANS

Geography: SBA Loans to Exisiting Businesses Over 2 Years Old

FY 2024 SBA 7(a) Funded Loans

All LOANS

FRANCHISE LOANS

SBADNA Analytics

Source: All SBA 7(a) data shared is based on all SBA lending from all sources and not from SBA lending through LoanBox. SBA data and reports are not from the SBA but from SBA data from the lending analytics platform developed and maintained by SBADNA Analytics. SBADNA and LoanBox are both owned by the same parent company FuseSync LLC.  LoanBox and SBADNA does not validate or verify the data released by the SBA and provides no warranty of data accuracy or completeness.  

Data Source & Methodology

The original source of SBA loan data is derived from data released by the U.S. Small Business Administration (SBA). The SBA collects individual loan data from the SBA lender/bank approving and providing SBA loans. The SBA then makes basic loan data public through the FOIA (Freedom of Information Act) requirements. The SBA FOIA data is imported into the SBADNA advanced analytics platform which is then used to generate the reports and rankings

Read more about SBADNA utilizing SBA loan data source and methodology.