Popular Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Popular Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 232 | $44.5M | $192K | 2.0% |
| 485310 | Taxi and Ridesharing Services | 222 | $33.8M | $152K | 1.9% |
| 621210 | Offices of Dentists | 214 | $53.7M | $251K | 1.9% |
| 621310 | Offices of Chiropractors | 212 | $39.3M | $185K | 1.8% |
| 812112 | Beauty Salons | 187 | $21.0M | $112K | 1.6% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 151 | $29.1M | $193K | 1.3% |
| 812199 | Other Personal Care Services | 144 | $27.6M | $192K | 1.3% |
| 624410 | Child Care Services | 116 | $25.9M | $223K | 1.0% |
| 713940 | Fitness and Recreational Sports Centers | 116 | $28.0M | $241K | 1.0% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 110 | $31.2M | $284K | 1.0% |
Geographic Distribution
SBA lending activity for Popular Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 2,067 | $450.2M | 18.0% |
| California (CA) | 2,088 | $411.4M | 18.2% |
| New York (NY) | 2,373 | $307.9M | 20.6% |
| New Jersey (NJ) | 1,192 | $261.2M | 10.4% |
| Texas (TX) | 1,189 | $255.0M | 10.3% |
| Illinois (IL) | 950 | $196.9M | 8.3% |
| Utah (UT) | 101 | $51.6M | 0.9% |
| North Carolina (NC) | 113 | $47.3M | 1.0% |
| Pennsylvania (PA) | 148 | $39.1M | 1.3% |
| Virginia (VA) | 104 | $35.2M | 0.9% |
| Arizona (AZ) | 90 | $29.6M | 0.8% |
| Washington (WA) | 73 | $26.8M | 0.6% |
| Massachusetts (MA) | 55 | $25.7M | 0.5% |
| Ohio (OH) | 81 | $25.6M | 0.7% |
| Georgia (GA) | 105 | $21.8M | 0.9% |
| Nevada (NV) | 61 | $21.2M | 0.5% |
| Tennessee (TN) | 61 | $21.1M | 0.5% |
| Colorado (CO) | 43 | $20.0M | 0.4% |
| Connecticut (CT) | 55 | $20.0M | 0.5% |
| Indiana (IN) | 53 | $19.1M | 0.5% |
| Maryland (MD) | 57 | $18.5M | 0.5% |
| Michigan (MI) | 50 | $13.6M | 0.4% |
| South Carolina (SC) | 39 | $13.2M | 0.3% |
| Montana (MT) | 20 | $12.9M | 0.2% |
| Missouri (MO) | 42 | $10.8M | 0.4% |
| Idaho (ID) | 33 | $9.9M | 0.3% |
| Louisiana (LA) | 24 | $9.8M | 0.2% |
| Alabama (AL) | 25 | $9.8M | 0.2% |
| Oklahoma (OK) | 23 | $8.4M | 0.2% |
| Kansas (KS) | 21 | $8.2M | 0.2% |
| Minnesota (MN) | 20 | $7.4M | 0.2% |
| Iowa (IA) | 6 | $7.3M | 0.1% |
| Arkansas (AR) | 16 | $5.7M | 0.1% |
| Nebraska (NE) | 17 | $5.2M | 0.1% |
| Oregon (OR) | 16 | $4.7M | 0.1% |
| Kentucky (KY) | 10 | $4.2M | 0.1% |
| New Hampshire (NH) | 14 | $4.0M | 0.1% |
| Mississippi (MS) | 9 | $3.7M | 0.1% |
| Rhode Island (RI) | 7 | $3.4M | 0.1% |
| Wyoming (WY) | 7 | $2.8M | 0.1% |
| District of Columbia (DC) | 7 | $2.2M | 0.1% |
| New Mexico (NM) | 10 | $2.1M | 0.1% |
| Delaware (DE) | 6 | $1.7M | 0.1% |
| Hawaii (HI) | 4 | $1.3M | 0.0% |
| Wisconsin (WI) | 6 | $780K | 0.1% |
| West Virginia (WV) | 4 | $476K | 0.0% |
| Alaska (AK) | 2 | $344K | 0.0% |
| Vermont (VT) | 1 | $337K | 0.0% |
| VI (VI) | 1 | $225K | 0.0% |
| South Dakota (SD) | 2 | $170K | 0.0% |
| PR (PR) | 2 | $35K | 0.0% |
Why Choose Popular Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 11,503 SBA loans approved, totaling $2.46B in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Taxi and Ridesharing Services, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 6.83% with flexible term lengths averaging 91 months
- ✓Loan Range: Loan sizes from $1K to $4.5M, with an average of $214K
- ✓Nationwide Reach: Active lending in 51 states, with strong presence in NY, CA, FL
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 Popular Bank SBA lending
What types of businesses does Popular Bank typically finance?
Popular Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, taxi and ridesharing services, offices of dentists, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Popular Bank's typical SBA loan terms?
Popular Bank's SBA 7(a) loans typically feature an average interest rate of 6.83% and average term length of 91 months (approximately 8 years). Loan sizes range from $1K to $4.5M, with an average loan size of $214K.
Do I need a business valuation for a Popular Bank SBA loan?
Yes, Popular Bank 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 Popular Bank compare to other SBA lenders?
Popular Bank has originated 11,503 SBA loans totaling $2.46B 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 Popular Bank lend in?
Popular Bank provides SBA 7(a) financing with particularly strong presence in NY, CA, FL, NJ, TX. 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.