Banco Popular de Puerto Rico
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Banco Popular de Puerto Rico · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 430 | $48.3M | $112K | 3.4% |
| 621210 | Offices of Dentists | 320 | $35.8M | $112K | 2.5% |
| 722511 | Full-Service Restaurants | 192 | $16.0M | $83K | 1.5% |
| 621511 | Medical Laboratories | 176 | $20.0M | $114K | 1.4% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 155 | $21.8M | $141K | 1.2% |
| 541330 | Engineering Services | 143 | $23.5M | $164K | 1.1% |
| 811111 | General Automotive Repair | 137 | $12.9M | $94K | 1.1% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 125 | $13.1M | $105K | 1.0% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 120 | $14.2M | $118K | 0.9% |
| 812112 | Beauty Salons | 109 | $7.3M | $67K | 0.9% |
Geographic Distribution
SBA lending activity for Banco Popular de Puerto Rico by state
| State | Loans | Volume | Share |
|---|---|---|---|
| PR (PR) | 12,229 | $1.52B | 95.8% |
| New York (NY) | 211 | $45.8M | 1.7% |
| VI (VI) | 152 | $29.2M | 1.2% |
| Florida (FL) | 95 | $21.9M | 0.7% |
| New Jersey (NJ) | 36 | $6.2M | 0.3% |
| California (CA) | 24 | $5.1M | 0.2% |
| North Carolina (NC) | 2 | $1.6M | 0.0% |
| Texas (TX) | 9 | $860K | 0.1% |
| Pennsylvania (PA) | 1 | $150K | 0.0% |
| Illinois (IL) | 2 | $100K | 0.0% |
| Oregon (OR) | 1 | $75K | 0.0% |
| Virginia (VA) | 1 | $50K | 0.0% |
| Massachusetts (MA) | 1 | $15K | 0.0% |
| Maryland (MD) | 1 | $10K | 0.0% |
Why Choose Banco Popular de Puerto Rico?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 12,765 SBA loans approved, totaling $1.63B in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), Offices of Dentists, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 9.00% with flexible term lengths averaging 95 months
- ✓Loan Range: Loan sizes from $100 to $5.0M, with an average of $128K
- ✓Nationwide Reach: Active lending in 14 states, with strong presence in PR, NY, VI
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Banco Popular de Puerto Rico SBA lending
What types of businesses does Banco Popular de Puerto Rico typically finance?
Banco Popular de Puerto Rico specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), offices of dentists, full-service restaurants, medical laboratories. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Banco Popular de Puerto Rico's typical SBA loan terms?
Banco Popular de Puerto Rico's SBA 7(a) loans typically feature an average interest rate of 9.00% and average term length of 95 months (approximately 8 years). Loan sizes range from $100 to $5.0M, with an average loan size of $128K.
Do I need a business valuation for a Banco Popular de Puerto Rico SBA loan?
Yes, Banco Popular de Puerto Rico typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Banco Popular de Puerto Rico compare to other SBA lenders?
Banco Popular de Puerto Rico has originated 12,765 SBA loans totaling $1.63B since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Banco Popular de Puerto Rico lend in?
Banco Popular de Puerto Rico provides SBA 7(a) financing with particularly strong presence in PR, NY, VI, FL, NJ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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