Statistics
Counts of loans in scope, FY2024 to FY2026, from SBA data as of September 30, 2026. Loan size is the SBA loan, not the purchase price.
Acquisitions (SBA 7(a), change of ownership)
11,743loans
$20810.7Mtotal approved
15.4%franchise share
By state (top 15)
Loan size
What is being financed (top industries)
Who finances (top lenders)
Top franchise brands
By fiscal year, FY2020 to FY2026
All loans meeting the same size rule, 7(a) change of ownership. Fiscal years run October 1 to September 30.
| Fiscal year | Loans | Total approved |
|---|---|---|
| FY2020 | 2,821 | $4534.4M |
| FY2021 | 3,730 | $6272.0M |
| FY2022 | 2,801 | $4932.3M |
| FY2023 | 2,762 | $4594.9M |
| FY2024 | 3,294 | $5626.1M |
| FY2025 | 4,234 | $7441.4M |
| FY2026 | 4,215 | $7743.3M |
Expansions (SBA 504)
5,756loans
$12383.9Mtotal approved
11.8%franchise share
By state (top 15)
Loan size
What is being financed (top industries)
Who finances (top CDCs)
Top bank lenders
Top franchise brands
By fiscal year, FY2020 to FY2026
All loans meeting the same size rule, 504 non-startup. Fiscal years run October 1 to September 30.
| Fiscal year | Loans | Total approved |
|---|---|---|
| FY2020 | 1,294 | $2428.3M |
| FY2021 | 1,934 | $3743.9M |
| FY2022 | 2,200 | $4360.6M |
| FY2023 | 1,636 | $3489.6M |
| FY2024 | 1,713 | $3594.0M |
| FY2025 | 2,076 | $4464.6M |
| FY2026 | 1,967 | $4325.3M |
Industries
The 25 industries with the most companies. Dollars are the SBA loan amounts approved.
States
Companies by borrower state.
| State | Companies | Total approved |
|---|---|---|
| California | 2,734 | $5411.7M |
| Florida | 1,546 | $2984.6M |
| Texas | 1,480 | $3041.3M |
| Illinois | 652 | $1328.5M |
| Colorado | 607 | $1054.1M |
| Washington | 607 | $1136.7M |
| Georgia | 606 | $1276.6M |
| New York | 562 | $1114.0M |
| Ohio | 520 | $1019.6M |
| North Carolina | 509 | $1024.2M |
| Pennsylvania | 501 | $889.9M |
| Arizona | 462 | $868.6M |
| Michigan | 462 | $819.8M |
| Minnesota | 429 | $758.7M |
| Wisconsin | 429 | $812.4M |
| New Jersey | 407 | $783.0M |
| Utah | 389 | $764.2M |
| Massachusetts | 312 | $569.4M |
| Indiana | 306 | $649.5M |
| Missouri | 290 | $493.1M |
| Virginia | 280 | $533.7M |
| Maryland | 216 | $397.6M |
| South Carolina | 215 | $410.4M |
| Tennessee | 199 | $369.8M |
| Oregon | 198 | $390.2M |
| Nevada | 195 | $371.8M |
| Alabama | 163 | $312.2M |
| Connecticut | 157 | $337.1M |
| Idaho | 151 | $256.0M |
| Kansas | 139 | $233.9M |
| Louisiana | 139 | $260.9M |
| Oklahoma | 126 | $239.5M |
| Kentucky | 116 | $242.7M |
| Arkansas | 99 | $199.7M |
| New Hampshire | 96 | $179.9M |
| Iowa | 96 | $177.0M |
| Nebraska | 92 | $171.4M |
| South Dakota | 79 | $152.3M |
| Montana | 78 | $133.4M |
| New Mexico | 76 | $160.4M |
| Mississippi | 73 | $135.1M |
| Maine | 61 | $102.5M |
| North Dakota | 57 | $110.5M |
| Rhode Island | 44 | $77.1M |
| Hawaii | 37 | $63.0M |
| Delaware | 36 | $64.6M |
| District of Columbia | 33 | $51.6M |
| Alaska | 30 | $51.9M |
| Wyoming | 29 | $52.1M |
| West Virginia | 25 | $69.8M |
| Vermont | 23 | $44.1M |
| Puerto Rico | 22 | $37.0M |
| U.S. Virgin Islands | 3 | $4.2M |
| Guam | 1 | $1.2M |
Lenders
Top 25 banks and credit unions
| Lender | Companies | Loans | Total approved |
|---|---|---|---|
| Live Oak Banking Company | 1,285 | 1,340 | $2623.1M |
| The Huntington National Bank | 862 | 902 | $1459.3M |
| First Internet Bank of Indiana | 343 | 356 | $725.5M |
| First-Citizens Bank & Trust Company | 342 | 344 | $719.6M |
| Byline Bank | 339 | 346 | $589.1M |
| GBank | 299 | 299 | $941.0M |
| Celtic Bank Corporation | 290 | 292 | $648.6M |
| Bank of America, National Association | 267 | 268 | $559.8M |
| Hanmi Bank | 212 | 213 | $264.6M |
| Beacon Bank and Trust | 211 | 213 | $441.5M |
| JPMorgan Chase Bank, National Association | 198 | 198 | $350.8M |
| Harvest Commercial Capital, LLC | 187 | 187 | $356.0M |
| TowneBank | 186 | 187 | $263.1M |
| Open Bank | 184 | 188 | $414.5M |
| Pathward National Association | 177 | 185 | $461.8M |
| Truliant FCU | 168 | 168 | $304.1M |
| U.S. Bank, National Association | 167 | 167 | $272.4M |
| United Midwest Savings Bank National Association | 167 | 169 | $212.9M |
| Old National Bank | 162 | 178 | $358.4M |
| Readycap Lending, LLC | 156 | 157 | $345.9M |
| First Financial Bank | 153 | 155 | $241.7M |
| Zions Bancorporation, National Association | 142 | 142 | $242.2M |
| T Bank, National Association | 137 | 141 | $291.9M |
| Pinnacle Bank | 124 | 125 | $268.4M |
| Fifth Third Bank | 124 | 126 | $259.1M |