Banesco USA: what SBA lists

Banesco USA appears in SBA's FY2017 through FY2026 files with 431 loans and $372.8 million in gross dollars approved. Every loan is SBA 7(a); SBA 504 has none. SBA files Banesco USA under FL. SBA's own account here covers 431 loans the holder holds now or last held. Behind them stands SBA's guarantee, and the file credits a 7(a) loan to the latest holder. Nothing here describes the holder's appetite for particular borrowers.

Florida first, with child care in front

Florida has 224 loans, California 30, Texas 28 and North Carolina 13. Of the 431 loans, 333 have no named class. Child care centers lead the named ones with 20 loans, the full-service restaurant has 18, automotive repair 9, medical offices 6 and fitness centers 5.

What happened after approval

We hold back the cancellation rate by our own threshold, where too few loans lie behind it; which is not the same as zero. The charge-off rate is withheld under our own reporting rule, as fewer than 30 loans form that cohort, so no blank here means zero.

What a child care or restaurant study has to test

A child care study, for the class with 20 loans, has to test staffing ratios, licensed capacity and the pace of enrolment, then show that tuition at full enrolment carries the debt and that the build-out is compliant and costed. A restaurant study follows sales per seat, table turns and occupancy cost. An automotive shop study counts bays, labour hours sold and the real estate under the building. With 333 loans without a named class and no outcome rates to rely on, the study carries more of the argument: demand evidence, a cost estimate, how well cash flow covers debt service in a normal year and a poor one, and an appraisal that supports the value. A Florida project sits where the file is deepest.

A note on gaps

Blanks in a table deserve care. Where this page prints no rate, the reason is Loan Analytics' own threshold, not any statement by SBA and not a finding of zero. The remaining figures, 431 loans and $372.8 million, still describe what SBA records, and the 224 loans in Florida show the file's centre of gravity. A reader who wants a view of performance should look for it elsewhere, and a reader should not infer it from this page.

SBA loans held by Banesco USA

SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).

7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.

Loans approved, FY2017 to FY2026	431
Gross dollars approved	$372.8 million
SBA 7(a) loans	431
SBA 504 loans	0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	333
Child care center	20
Full-service restaurant	18
Automotive mechanical repair (car and truck)	9
Medical office (physicians)	6
Fitness center	5
Limited-service restaurant	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Loans by project state

State or area	Loans
Florida	224
California	30
Texas	28
North Carolina	13
New Jersey	10
Oregon	10
Georgia	8
Pennsylvania	8
Virginia	8
Washington	8
Illinois	7
Arizona	5
Colorado	5
Maryland	5
Wisconsin	5

States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-57815.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Banesco USA or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Banesco USA: SBA Lending Record