FirstBank Puerto Rico
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by FirstBank Puerto Rico
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 168 | $36.5M | $217K | 8.6% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 128 | $37.7M | $295K | 6.5% |
| 812112 | Beauty Salons | 88 | $7.7M | $87K | 4.5% |
| 621511 | Medical Laboratories | 72 | $8.2M | $114K | 3.7% |
| 722513 | Limited-Service Restaurants | 56 | $10.4M | $186K | 2.9% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 48 | $7.3M | $152K | 2.4% |
| 621310 | Offices of Chiropractors | 48 | $4.2M | $87K | 2.4% |
| 621210 | Offices of Dentists | 48 | $14.8M | $309K | 2.4% |
| 238210 | Electrical Contractors | 40 | $2.7M | $67K | 2.0% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 40 | $10.3M | $257K | 2.0% |
Geographic Distribution
SBA lending activity for FirstBank Puerto Rico by state
| State | Loans | Volume | Share |
|---|---|---|---|
| PR (PR) | 1,920 | $449.3M | 98.0% |
| Florida (FL) | 24 | $12.5M | 1.2% |
| VI (VI) | 16 | $1.5M | 0.8% |
Why Choose FirstBank Puerto Rico?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,960 SBA loans approved, totaling $463.3M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Offices of Physicians (except Mental Health Specialists), Beauty Salons
- ✓Competitive Terms: Average interest rate of 9.99% with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $5K to $4.3M, with an average of $236K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in PR, FL, 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 FirstBank Puerto Rico SBA lending
What types of businesses does FirstBank Puerto Rico typically finance?
FirstBank Puerto Rico specializes in SBA 7(a) lending to specific industries including full-service restaurants, offices of physicians (except mental health specialists), beauty salons, medical laboratories. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are FirstBank Puerto Rico's typical SBA loan terms?
FirstBank Puerto Rico's SBA 7(a) loans typically feature an average interest rate of 9.99% and average term length of 107 months (approximately 9 years). Loan sizes range from $5K to $4.3M, with an average loan size of $236K.
Do I need a business valuation for a FirstBank Puerto Rico SBA loan?
Yes, FirstBank 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 FirstBank Puerto Rico compare to other SBA lenders?
FirstBank Puerto Rico has originated 1,960 SBA loans totaling $463.3M since 2020. 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 FirstBank Puerto Rico lend in?
FirstBank Puerto Rico provides SBA 7(a) financing with particularly strong presence in PR, FL, VI. 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.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.