SBA 7(a) lenders in Saint Thomas, VI
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
16 institutions have SBA 7(a) loans on record in Saint Thomas, together $28.6M across 103 loans. Banco Popular de Puerto Rico is the largest, with 18% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico | 38 | $5.1M | 17.8% | 0.00% |
| 2 | Live Oak Banking Company | 3 | $4.3M | 14.9% | 0.00% |
| 3 | Merchants Commercial Bank | 15 | $4.2M | 14.8% | 1.80% |
| 4 | Celtic Bank Corporation | 5 | $4.1M | 14.3% | 0.00% |
| 5 | Byline Bank | 1 | $2.7M | 9.4% | 0.00% |
| 6 | First Community Bank | 2 | $1.7M | 6.0% | 0.00% |
| 7 | FDIC - Community Bank & Trust-West Georgia | 1 | $1.7M | 5.9% | 0.00% |
| 8 | Independence Bank | 3 | $1.4M | 4.7% | 0.00% |
| 9 | Oriental Bank | 8 | $955K | 3.3% | 0.00% |
| 10 | FirstBank Puerto Rico | 5 | $760K | 2.7% | 11.78% |
| 11 | Columbia Bank | 16 | $715K | 2.5% | 4.58% |
| 12 | United Midwest Savings Bank National Association | 1 | $306K | 1.1% | 0.00% |
| 13 | Newtek Bank, National Association | 2 | $285K | 1.0% | 0.00% |
| 14 | The Bank of Nova Scotia | 1 | $250K | 0.9% | 0.00% |
| 15 | Stone Bank | 1 | $150K | 0.5% | 0.00% |
| 16 | Northeast Bank | 1 | $50K | 0.2% | 42.87% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Accommodation & food services | 15 | $5.7M | 19.9% |
| 2 | Transportation & warehousing | 11 | $3.9M | 13.7% |
| 3 | Health care & social assistance | 13 | $3.7M | 13.0% |
| 4 | Manufacturing | 1 | $2.8M | 9.8% |
| 5 | Other services | 7 | $2.7M | 9.4% |
| 6 | Retail trade | 11 | $2.5M | 8.9% |
| 7 | Arts, entertainment & recreation | 4 | $1.3M | 4.6% |
| 8 | Manufacturing | 2 | $1.1M | 3.8% |
| 9 | Real estate & leasing | 6 | $1.0M | 3.7% |
| 10 | Retail trade | 8 | $970K | 3.4% |
| 11 | Construction | 5 | $633K | 2.2% |
| 12 | Wholesale trade | 5 | $600K | 2.1% |
| 13 | Administrative & waste services | 6 | $540K | 1.9% |
| 14 | Manufacturing | 4 | $521K | 1.8% |
| 15 | Agriculture, forestry & fishing | 1 | $413K | 1.4% |
| 16 | Professional & technical services | 2 | $100K | 0.3% |
| 17 | Finance & insurance | 1 | $50K | 0.2% |
| 18 | Educational services | 1 | $25K | 0.1% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.