Lending data
Who lends to real estate and rental businesses, state by state
4,378 SBA 7(a) loans to real estate and rental businesses across 39 states, with the most active lender and the median loan in each.
Short answer
4,378 SBA 7(a) loans went to real estate and rental businesses across 39 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| California | 625 | $150,000 | 20% | U.S. Bank |
| Florida | 448 | $150,000 | 24% | TD Bank |
| New York | 314 | $100,000 | 26% | TD Bank |
| Texas | 307 | $329,000 | 37% | Live Oak Banking Company |
| Ohio | 181 | $106,500 | 32% | The Huntington National Bank |
| Colorado | 150 | $205,000 | 37% | The Huntington National Bank |
| New Jersey | 136 | $150,000 | 24% | TD Bank |
| Michigan | 135 | $135,000 | 30% | The Huntington National Bank |
| Illinois | 124 | $155,000 | 35% | The Huntington National Bank |
| Pennsylvania | 123 | $111,100 | 38% | TD Bank |
| Georgia | 122 | $194,500 | 42% | Newtek Bank |
| Arizona | 116 | $202,000 | 32% | U.S. Bank |
| North Carolina | 113 | $392,200 | 36% | Live Oak Banking Company |
| Washington | 112 | $100,000 | 26% | Columbia Bank |
| Minnesota | 105 | $180,000 | 32% | U.S. Bank |
| Utah | 102 | $150,000 | 31% | Mountain America FCU |
| Massachusetts | 100 | $115,500 | 28% | Eastern Bank |
| Oregon | 82 | $86,500 | 28% | Columbia Bank |
| South Carolina | 82 | $225,000 | 39% | TD Bank |
| Indiana | 72 | $150,000 | 39% | The Huntington National Bank |
| Missouri | 72 | $156,500 | 44% | OakStar Bank |
| Tennessee | 67 | $318,000 | 33% | U.S. Bank |
| Nevada | 65 | $125,000 | 34% | U.S. Bank |
| Connecticut | 64 | $115,250 | 38% | Manufacturers and Traders Trust Company |
| Virginia | 63 | $200,000 | 36% | Manufacturers and Traders Trust Company |
| Maryland | 60 | $150,000 | 32% | Manufacturers and Traders Trust Company |
| Idaho | 59 | $106,000 | 59% | Zions Bank |
| Wisconsin | 57 | $175,000 | 42% | U.S. Bank |
| Alabama | 41 | $330,000 | 29% | Live Oak Banking Company |
| New Hampshire | 36 | $100,000 | 44% | TD Bank |
| Kansas | 34 | $150,000 | 35% | Bank Five Nine |
| Oklahoma | 34 | $377,500 | 53% | BancFirst |
| Louisiana | 32 | $436,750 | 38% | American Bank |
| Maine | 29 | $150,000 | 21% | TD Bank |
| Kentucky | 27 | $289,500 | 33% | Republic Bank & Trust Company |
| Iowa | 24 | $158,400 | 33% | U.S. Bank |
| New Mexico | 23 | $260,000 | 26% | Live Oak Banking Company |
| Montana | 21 | $405,000 | 33% | Glacier Bank |
| Nebraska | 21 | $250,000 | 19% | Union Bank and Trust Company |
What 7(a) lending to real estate and rental businesses looks like nationally
| Measure | Real estate and rental | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 4,577 | 214,102 |
| Median loan | $150,000 | $150,000 |
| 25th - 75th percentile | $50,000 - $500,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.25% | 10.25% |
| Share to startups | 31.3% | 33.6% |
| Charge-off rate, FY2010-19 | 5.0% | 7.1% |
| Jobs supported | 29,520 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loan sizes are typical. The median of $150,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- Startup share is about average, at 31% against 34% nationally.
- This market has performed well. Its FY2010-2019 charge-off rate of 5.0% is below the 7.1% overall figure, which is part of why lenders compete for it.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.