A Quarter Million US Businesses have Outstanding SBA Loan Debt
Over 220,000 Small Business Administration 7a & CDC/504 Loans still have a balance due, with original debt exceeding $117 Billion dollars. The average loan exceeds $500K, with a median loan amount of $270,000. Since 1991, the SBA has approved over 1.9 Million loans. In the last 10 years, the SBA has approved over 650,000 loans for the American small business sector. A business can take out multiple loans if they have multiple qualifying ‘projects’. This file updates with new loans & revised loan info quarterly, and is run through USPS address hygiene at the time of your order.
Data includes borrowers that still owe a balance, as well as expirers (charged off or paid in full).
Select by the following:
|Borrower Location||Business Age|
|Date Approved||Number of Employees|
|Loan Term (in months)||NAICS Code|
|Loan Status||Revolving Loan Indicator|
|Initial Interest Rate||Program Used (7a or 504)|
|Business Type (Individual, Corp, Partnership)||Bank Currently Assigned|
|Paid in Full date||Date of 1st Disbursement|
|SBA Guaranty Amount||Delivery Method of Loan Approval|
|Charge off date||Charge Off Amount|
*Note that the name of the borrower is either a Firm Name or an Individual’s Name, but not both.
Additional fields are available for output.
|7(a) Loans||CDC/504 Loans|
|Max Loan Amount is $5 million||Max Loan Amount is $5 million, with exceptions for certain energy projects (up to $5.5 million per project), not to exceed $16.5 million for up to 3 projects|
|Max Term is 25 years for Real Estate and 7 Years for working capital||Max Term is 20 years|
|Interest Rate may be variable or fixed.||Interest rate is Fixed and pegged to an increment above the current market rate for 5-year and 10-year US Treasury issues, totals approximately 3% of the debt, rate may be financed with the loan|
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