GOOD
How competitive are their spreads? Lower = better for you.
STRONG
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
1,279
2010–2026
Total Volume
$214M
Gross loan amounts
States Active
3
With recorded loans
Programs
7(a) & 504
1279 total segments
FirstBank Puerto Rico has a strong focus on existing businesses, with 68% of their deals supporting established companies. This makes them a good fit for borrowers looking to expand or refinance rather than start a new venture.
With an average 7(a) spread of P+3.37%, FirstBank's pricing is higher than the national median of P+2.75%. Borrowers should be prepared for potentially higher interest costs compared to other lenders.
The lender has seen a significant decline in activity, with a -46% year-over-year drop in deals. This trend could indicate a tightening of lending criteria, making it potentially harder for new borrowers to get approved.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 91 504 loans, which use fixed SBA debenture rates.
States where FirstBank Puerto Rico has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Retail Trade
Retail Trade
Other Health Practitioners
Health Care & Social Assistance
Manufacturing
Manufacturing
Physician & Dental Offices
Health Care & Social Assistance
Wholesale Trade
Wholesale Trade
Food & Beverage Stores
Retail Trade
Auto Dealers & Parts
Retail Trade
+ 7 more
All recorded SBA lending activity for FirstBank Puerto Rico, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| PR · Retail Trade · Under $150K | 7(a) | 106 | P+6.50% | $46K | Q4 2024 |
| PR · Restaurants & Food Service · Under $150K | 7(a) | 100 | P+5.44% | $49K | Q4 2025 |
| PR · Other Health Practitioners · Under $150K | 7(a) | 81 | P+4.50% | $52K | Q4 2025 |
| PR · Wholesale Trade · Under $150K | 7(a) | 67 | P+6.25% | $55K | Q3 2024 |
| PR · Food & Beverage Stores · Under $150K | 7(a) | 58 | P+4.50% | $50K | Q3 2025 |
| PR · Manufacturing · Under $150K | 7(a) | 55 | P+6.50% | $52K | Q4 2025 |
| PR · Physician & Dental Offices · Under $150K | 7(a) | 43 | P+3.75% | $71K | Q3 2024 |
| PR · Auto Repair & Maintenance · Under $150K | 7(a) | 34 | P+6.00% | $56K | Q3 2025 |
| PR · Transportation & Warehousing · Under $150K | 7(a) | 34 | P+4.50% | $60K | Q4 2024 |
| PR · Auto Dealers & Parts · Under $150K | 7(a) | 31 | P+6.50% | $34K | Q3 2025 |
| PR · Other Repair & Services · Under $150K | 7(a) | 30 | P+6.50% | $38K | Q3 2023 |
| PR · Restaurants & Food Service · $150K – $350K | 7(a) | 24 | P+2.75% | $251K | Q3 2024 |
| PR · Personal Care (Salons, Spas) · Under $150K | 7(a) | 23 | P+2.75% | $63K | Q4 2025 |
| PR · Administrative & Waste Services · Under $150K | 7(a) | 23 | P+6.50% | $36K | Q3 2023 |
| PR · Management & IT Consulting · Under $150K | 7(a) | 23 | P+6.50% | $36K | Q1 2019 |
| PR · Specialty Trade Contractors · Under $150K | 7(a) | 22 | P+6.50% | $52K | Q1 2025 |
| PR · Physician & Dental Offices · $150K – $350K | 7(a) | 20 | P+2.75% | $220K | Q2 2025 |
| PR · General Merchandise · Under $150K | 7(a) | 19 | P+6.50% | $33K | Q2 2019 |
| PR · Other Professional Services · Under $150K | 7(a) | 18 | P+6.38% | $52K | Q4 2024 |
| PR · Manufacturing · $150K – $350K | 7(a) | 17 | P+2.75% | $236K | Q3 2025 |
| PR · Other Health Practitioners · $150K – $350K | 7(a) | 17 | P+2.75% | $225K | Q4 2025 |
| PR · Building Construction · Under $150K | 7(a) | 16 | P+6.25% | $57K | Q4 2025 |
| PR · Engineering & Architecture · Under $150K | 7(a) | 15 | P+6.00% | $61K | Q3 2024 |
| PR · Retail Trade · $150K – $350K | 7(a) | 14 | P+2.63% | $225K | Q3 2025 |
| PR · Accounting & Tax · Under $150K | 7(a) | 13 | P+6.50% | $36K | Q2 2023 |
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Real experiences from borrowers who closed SBA loans with FirstBank Puerto Rico.
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