What exactly are SBA loans?
The U.S. Small Business Administration (SBA) helps Americans start, build, grow, and acquire businesses. The SBA 7(a) program, or Guaranteed Lending Program, guarantees part of the business loan that a lender provides. Lenders must follow the SBA’s operating procedures and policies for loan approvals for the SBA to fulfill the guaranty.
Small business owners can utilize SBA backed business loans to purchase a business or start one, buy out a partner, purchase commercial real estate, expansion, hiring, marketing, advertising, equipment, and other working capital purposes.
See our FAQ for more information about SBA loans, lending, qualification, terms, rates, process, and more.
Visit the SBA’s website to find further resources the SBA provides for small business owners.
Keep Scrolling For The Latest SBA 7(a) Lending Intel
SBA 7(a) Lending In 2022
For 2022 YE there were 1,500 SBA 7(a) lenders approving 51,749 loans for $28 billion.
Over 50,000 small business owners from 929 different industries (including businesses for 1,532 franchise brands) in 6,936 cities received loan approvals.
The average loan approval amount in 2022 was $541,154.
SBA backed business loans saved or supported 557,656 jobs in 2022.
All-time counts for SBA 7(a) loans to 12/31/2022:
Currently Active:
371,939
Paid In Full:
925,834
Pending (Approved; Not Funded):
21,679
Charged-Off (Defaults):
205,184
Lenders:
5,741
$1M+ Loans:
109,477
Jobs Supported:
13.4 Million
Approvals:
1.7 Million loans for $495B
Historical SBA 7(a) Lending:
SBA 7(a) Lending Forecast For Approval Amounts:
SBA 7(a) Average Loan Amounts:
2022: $541K 2021: $690K Last 5 Years: $531K Last 10 Years: $456K
All-Time
2022 YE
Loan Approvals
Approval Amounts
Top 25 Industries For SBA 7(a) Loans:
Loan Approvals
Approval Amounts
Top 25 SBA 7(a) Lenders:
Up To $350,000
$350,001 to $1 Million
Over $1 Million
Top 25 SBA 7(a) Lenders Ranked By Loan Amount Tiers:
Up to $350,000
$350,001 to $1 Million
Over $1 Million
Top Project States For SBA 7(a) Lending:
Project State Approvals
Project State Amounts
Borrower City Approvals
Borrower City Amounts
Top 25 Borrower Cities For SBA 7(a) Lending:
Franchise SBA Lending in 2022
Lenders:
3,214
# Approvals:
130,900
$ Approvals:
$67B
Jobs Supported:
1.7 Million
All-time counts for franchise SBA 7(a) loans to 12/31/2022:
Franchise SBA 7(a) Lending Forecast For Approval Amounts:
Top 25 Industries For Franchise SBA 7(a) Loans:
Loan Approvals
Approval Amounts
Top 25 Franchise Brands For SBA 7(a) Lending:
Loan Approvals
Approval Amounts
Top 25 SBA 7(a) Lenders For Franchises:
Loan Approvals
Approval Amounts
