Top Industries Financed
- Offices of Physicians (except Mental Health Specialists)
- Full-Service Restaurants
- Offices of Physical, Occupational and Speech Therapists, and Audiologi
- Medical Laboratories
- Offices of Dentists
Quick Summary
Banco Popular de Puerto Rico is an SBA-approved lender headquartered in San Juan, PR. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 1,777 SBA 7(a) loans totaling $294.9M, with an average loan size of $166K. They serve businesses across 2 states.
About Banco Popular de Puerto Rico
Banco Popular de Puerto Rico is an SBA-approved lender headquartered in San Juan, PR. Since 2020, they have approved 1,777 SBA 7(a) loans totaling $294.9M, with an average loan size of $166K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.
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Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Banco Popular de Puerto Rico an SBA Preferred Lender?
Yes, Banco Popular de Puerto Rico is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Banco Popular de Puerto Rico approved?
According to SBA FOIA public records, Banco Popular de Puerto Rico has approved 1,777 SBA 7(a) loans totaling $294.9M since 2020. Their average loan size is $166K.
What states does Banco Popular de Puerto Rico serve?
Banco Popular de Puerto Rico serves businesses in 2 states: PR, VI.
How do I apply for an SBA loan with Banco Popular de Puerto Rico?
To apply for an SBA 7(a) loan with Banco Popular de Puerto Rico, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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