FirstBank Puerto Rico: SBA Lending Record
What SBA's own loan files show about FirstBank Puerto Rico as an SBA lender, and how a lender's record bears on a feasibility study.
Size of the SBA record at FirstBank Puerto Rico
462 loans, FY2017 to FY2026 approvals, sit under FirstBank Puerto Rico in SBA's holder field. FirstBank Puerto Rico loans: $94.1 million in gross approved dollars, 462 loans in all. FirstBank Puerto Rico figures are holder-based: SBA's file, 462 loans, held now or before. FirstBank Puerto Rico is not the guarantor. Every FirstBank Puerto Rico loan on file is 7(a), 462 in all; none are 504. FirstBank Puerto Rico appears as holder, current or last.
462 loans sit at FirstBank Puerto Rico, 299 with no tracked class; the others fill FirstBank Puerto Rico class rows. FirstBank Puerto Rico rows put full-service restaurant first, 37 of 462 loans. Then medical office at 26, limited-service restaurant (18) and 15 loans in beauty salon. Lower FirstBank Puerto Rico rows: 11 in grocery store, dental office with 8 loans and rehabilitation and therapy clinic at 8. Smaller FirstBank Puerto Rico classes: see the page table.
FirstBank Puerto Rico file shows, by state, 455 in Puerto Rico. Elsewhere, FirstBank Puerto Rico shows a project no nearby loans. FirstBank Puerto Rico: one state, thin comparisons.
FirstBank Puerto Rico: floors on cancelled and charged-off loans
15.5%: the floor on cancellations, among FirstBank Puerto Rico approvals from FY2017 to FY2024. Loan Analytics prints no FirstBank Puerto Rico ceiling, by its own rule. 462 loans at FirstBank Puerto Rico, yet FY2017 to FY2021 charge-offs withheld. FirstBank Puerto Rico outcomes show; reasons do not. FirstBank Puerto Rico cohort rates cover FY2017 to FY2021 disbursements. FirstBank Puerto Rico: 15.5% is a floor, 462 loans notwithstanding, not a forecast. FirstBank Puerto Rico loans keep seasoning, 462 of them; 15.5%, a floor, may climb.
FirstBank Puerto Rico: what a borrower can take
For FirstBank Puerto Rico, a bank or lender, 462 loans sit in SBA records. FirstBank Puerto Rico credit standards stay undescribed. For FirstBank Puerto Rico, compare full-service restaurant, 462 loans deep; Puerto Rico, set beside the project. FirstBank Puerto Rico: other sources go in the study.
FirstBank Puerto Rico totals are context. 462 loans say little about a project, Puerto Rico or beyond it. 462 loans at FirstBank Puerto Rico do not carry full-service restaurant demand, FirstBank Puerto Rico cannot; Puerto Rico conditions do, not FirstBank Puerto Rico. Test cost line by line, 462 loans set aside. 462 loans give FirstBank Puerto Rico breadth, not depth. A 15.5% floor sets the lowest bar for FirstBank Puerto Rico. FirstBank Puerto Rico: on stabilized income, debt service coverage keeps 15.5% in view. At FirstBank Puerto Rico, loan size follows appraised value. FirstBank Puerto Rico: no study promises approval; 462 loans or none, it prepares the file.
SBA loans held by FirstBank Puerto Rico
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 | 462 |
|---|---|
| Gross dollars approved | $94.1 million |
| SBA 7(a) loans | 462 |
| SBA 504 loans | 0 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 15.5% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 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 | 299 |
| Full-service restaurant | 37 |
| Medical office (physicians) | 26 |
| Limited-service restaurant | 18 |
| Beauty salon | 15 |
| Grocery store | 11 |
| Dental office | 8 |
| Rehabilitation and therapy clinic | 8 |
| Gas station and truck stop | 5 |
| Automotive mechanical repair (car and truck) | 5 |
| Child care center | 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 |
|---|---|
| Puerto Rico | 455 |
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-30387.
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 FirstBank Puerto Rico or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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