Where the requirement lands

Special-purpose lending, by property type

FY2021–FY2025 originations across both programmes. 7(a) and 504 shown separately.

7(a)504

Restaurants dominate by loan count and hotels by dollars. The 504 share varies enormously: bed and breakfast inns run 42.5% on 504 against 9.6% for SBA lending overall, because the property is the transaction. Restaurants at 10.5% are mostly business acquisitions where the real estate is incidental.

50,176loans classified special purpose, FY2021-25

$45.9Bof lending — 16.9% of the SBA total

23.1%of all 504 lending

Source: SBA SOP 50 10 8 (effective 1 June 2025) and analysis of SBA 7(a) and 504 FOIA loan-level data (as of 31 March 2026), FY2021–FY2025 originations. Published by sba-feasibility-study.com.