Q1 2021 Top Rankings In SBA Lending
Based on all SBA 7(a) loan approvals from 1/1/2021 to 3/31/2021
We show that in Q1 2021 that 1,029 banks and lenders approved 9,327 SBA 7(a) loans for $5.7 billion with an average amount of $611,387. These approvals represent 103,576 jobs supported or saved.
Loan approvals went to borrowers from 3,161 cities for businesses in 651 different industries including businesses with 643 different franchise brands.
Q1 2021
All SBA 7(a) Loan Approvals
Loan Amount Tiers
Loan Amount Tiers
< $150,000: 3,172 approvals (34.01%)
$150,001 to $350,000: 2,395 approvals (25.68%)
$350,001 to $1 million: 2,122 approvals (22.75%)
> $1 million to $2 million: 922 approvals (9.89%)
> $2 million to $3 million: 367 approvals (3.93%)
> $3 million to $4 million: 184 approvals (1.97%)
> $4 million to $5 million: 165 approvals (1.77%)
