Market structure

Fifty lenders write two-thirds of the market

Cumulative share of FY2021–FY2025 7(a) loans, institutions ranked by volume. 2,028 lenders.

The curve flattens almost immediately. Beyond the first fifty institutions the market is a long tail of banks with an SBA relationship on paper and effectively no SBA practice — 950 lenders wrote fewer than ten loans each across five entire years.

41.5%held by the top ten lenders

66.7%held by the top fifty

1.2%held by the 950 lenders writing under ten loans

Source: Analysis of SBA 7(a) FOIA loan-level data (as of 31 March 2026). Charge-off rates computed on seasoned FY2015–FY2019 originations; volume on FY2021–FY2025. Cancelled approvals excluded. Lender names as reported, not consolidated across corporate families. Published by sba-feasibility-study.com.