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SBA Hot Topic Tuesday — SBA Sets New Lending Records: 7(a) $24 Billion, 504 $4.7 Billion

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November 8, 2016

By Bob Coleman
Editor, SBA Hot Topic Tuesday

SBA Hot Topic Tuesday — SBA Sets New Lending Records: 7(a) $24 Billion, 504 $4.7 Billion

SBA approved more than 70,000 loans in the 7(a) and 504 loan programs in FY16 — nearly $29 billion.
SBA claims the loans support nearly 700,000 jobs.

SBA 7(a) Program Ten-Year Annual Stats

Year Number of Loans Gross Loan Amount (Billions) Average Loan Size Average Guaranty % Loan Volume % Change
2016 64,000 $24.1 $376,600 73% +3%
2015 63,500 $23.5 $370,100 73% +22%
2014 52,000 $19.2 $368,700 73% +7%
2013 46,400 $17.8 $388,000 73% +18%
2012 44,400 $15.1 $341,000 73% -23%
2011 53,700 $19.6 $365,000 78% +57%
2010 47,000 $12.5 $264,000 81% +34%
2009 44,200 $9.3 $210,000 80% -29%
2008 69,500 $12.7 $183,000 71% -11%
2007 99,600 $14.3 $143,000 69% 0%

504 Loan Program

In FY16, the 504 program grew by more than 10 percent to $4.74 billion (the third consecutive year of growth) and a 2 percent growth in loan volume.

Other Areas of Record-Setting Lending

Minority business owners received a record combined $8.65 billion in 7(a) and 504 approved lending.

Women-owned businesses

For the fifth consecutive year, 7(a) lending to women-owned businesses (both majority and minority owned) increased in total dollar and volume. FY16 lending was nearly $7.3 billion, an increase of $253 million from FY15.

504 loans are up for the third year in a row. FY16 504 lending exceeded $646.6 million with lending to women-owned businesses increasing by 5.9 percent or $36.3 million over the previous year.

Community Advantage

Community Advantage Loans provide up to an 85 percent guarantee on loans up to $250,000 and offers technical assistance to improve the rate of success among participants. This initiative grew by nearly 19 percent over the previous year:

Fiscal Year Approved Loans Approved Dollars
2016 987 $123,025,000
2015 828 $103,516,100
2014 453 $56,473,500
2013 273 $38,199,800
2012 188 $25,240,900
2011 15 $2,142,800

Microloans

This program reached record levels again this year with 14 percent growth in dollar amount from $53 million to $60.57 million, and a more than 18 percent increase in loan approvals.

Fiscal Year Approved Loans Approved Dollars
2011 4,051 $47,580,764
2012 4,291 $46,866,362
2013 5,339 $55,413,889
2014 4,039 $57,701,354
2015 3,757 $52,998,066
2016 4,458 $60,569,469

Veterans

The total number of SBA loans to veterans is up more than 4 percent over the previous year and for the second year in a row 7(a)/504 lending to this group surpassed $1.36 billion.

Exporting

In FY16 SBA had another record year guaranteeing more than 1,800 small business export loans, which supported more than $1.5 billion in financing to small business exporters.

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