SBA lending by state
Who lends, how much they approve and which way the market is moving — for every state, from the SBA's loan-level release.
A national median tells a business in Wyoming very little. The lender that dominates one state often writes almost nothing in the next, median loan sizes run from $50,000 to $311,500 — a spread of 6.2 times — and the direction of travel is not the same everywhere. These pages show each state on its own terms.
| State | Loans | Total approved | Median loan | Loans, year on year | Dollars, year on year |
|---|---|---|---|---|---|
| Alabama | 1,523 | $983.6 million | $250,000 | down 29.3% | down 8.0% |
| Alaska | 338 | $233.7 million | $251,000 | down 20.3% | down 7.3% |
| Arizona | 4,330 | $2.5 billion | $263,250 | down 19.8% | up 14.9% |
| Arkansas | 1,050 | $684.9 million | $250,000 | down 15.0% | up 12.4% |
| California | 24,947 | $13.4 billion | $205,000 | down 20.2% | down 7.8% |
| Colorado | 5,744 | $3.3 billion | $240,000 | down 31.1% | down 28.3% |
| Connecticut | 2,826 | $1.0 billion | $120,000 | up 5.3% | down 8.9% |
| Delaware | 754 | $283.8 million | $100,000 | down 12.7% | up 23.0% |
| District of Columbia | 469 | $208.0 million | $170,000 | down 16.1% | down 32.5% |
| Florida | 16,898 | $8.8 billion | $215,000 | down 17.3% | down 7.4% |
| Georgia | 6,105 | $4.2 billion | $311,500 | down 24.3% | down 14.9% |
| Hawaii | 589 | $147.9 million | $50,000 | down 46.6% | down 51.5% |
| Idaho | 2,178 | $821.0 million | $125,000 | down 19.3% | down 4.5% |
| Illinois | 7,427 | $3.7 billion | $161,100 | down 31.7% | down 11.2% |
| Indiana | 3,944 | $1.8 billion | $150,000 | down 17.4% | up 3.8% |
| Iowa | 1,243 | $492.5 million | $150,000 | down 27.6% | down 2.9% |
| Kansas | 1,440 | $765.5 million | $234,950 | down 16.7% | up 23.5% |
| Kentucky | 1,656 | $779.2 million | $150,000 | down 11.5% | up 7.5% |
| Louisiana | 1,610 | $923.8 million | $200,000 | down 28.2% | down 34.3% |
| Maine | 1,160 | $302.4 million | $100,000 | down 16.9% | up 16.7% |
| Maryland | 3,875 | $1.5 billion | $125,000 | down 12.0% | up 6.1% |
| Massachusetts | 5,664 | $1.7 billion | $100,000 | down 22.3% | down 7.0% |
| Michigan | 7,937 | $3.0 billion | $130,000 | down 35.9% | down 9.4% |
| Minnesota | 5,023 | $2.2 billion | $150,000 | down 28.4% | down 13.7% |
| Mississippi | 1,097 | $698.4 million | $233,500 | flat | up 17.3% |
| Missouri | 3,361 | $1.9 billion | $213,600 | down 16.9% | down 10.3% |
| Montana | 667 | $351.0 million | $180,000 | down 25.0% | up 25.4% |
| Nebraska | 1,077 | $484.1 million | $180,000 | down 10.1% | flat |
| Nevada | 2,261 | $1.1 billion | $181,000 | down 21.7% | flat |
| New Hampshire | 1,743 | $486.4 million | $90,000 | down 16.9% | down 16.7% |
| New Jersey | 7,691 | $3.3 billion | $150,000 | down 23.7% | down 13.9% |
| New Mexico | 847 | $466.8 million | $200,000 | down 19.6% | down 41.1% |
| New York | 14,403 | $4.7 billion | $130,000 | down 25.8% | down 14.4% |
| North Carolina | 5,070 | $3.3 billion | $300,000 | down 17.5% | down 18.3% |
| North Dakota | 370 | $195.0 million | $166,900 | down 20.3% | down 30.7% |
| Ohio | 11,134 | $3.7 billion | $100,000 | down 36.6% | down 9.0% |
| Oklahoma | 1,543 | $930.6 million | $250,000 | down 1.5% | up 18.6% |
| Oregon | 3,362 | $1.4 billion | $100,000 | down 11.2% | up 9.8% |
| Pennsylvania | 7,469 | $3.1 billion | $150,000 | down 23.4% | down 14.0% |
| Rhode Island | 800 | $254.2 million | $100,000 | down 38.4% | down 48.8% |
| South Carolina | 2,479 | $1.5 billion | $250,000 | down 23.4% | down 11.8% |
| South Dakota | 477 | $211.2 million | $150,000 | down 13.3% | down 34.4% |
| Tennessee | 2,643 | $1.5 billion | $230,700 | down 13.1% | flat |
| Texas | 16,423 | $11.2 billion | $292,000 | down 17.6% | flat |
| Utah | 3,703 | $1.8 billion | $171,900 | down 15.4% | up 7.0% |
| Vermont | 572 | $148.1 million | $60,500 | down 15.3% | down 14.8% |
| Virginia | 3,796 | $1.9 billion | $200,000 | down 20.1% | down 18.7% |
| Washington | 6,051 | $3.2 billion | $150,000 | down 5.5% | up 3.9% |
| West Virginia | 605 | $232.4 million | $110,000 | down 16.0% | down 11.2% |
| Wisconsin | 3,423 | $1.8 billion | $208,000 | down 18.5% | flat |
| Wyoming | 307 | $183.6 million | $188,900 | down 35.5% | down 36.0% |
Why state figures move differently from national ones
Three things drive most of the variation. Industry mix: a state whose SBA borrowing is concentrated in restaurants and hotels moves with that sector, not with the economy. Lender concentration: where one or two institutions write most of the state's 7(a) loans, a single change in their credit policy swings the whole state. Loan size: states with small median loans have more borrowers near the approval margin, so they feel a tightening first.
What these pages are not
They are not a ranking of which states are good places to borrow, and they are not a forecast. They are a record of approvals: who lent, how much, to what kind of business, and whether that is rising or falling. They cover SBA 7(a) and 504 only — conventional bank lending, which is larger, is not in this data and is not published loan by loan by anyone.