The Raw Data Problem
SBA publishes FOIA data, but it was never designed for analytics
What LoanTape Adds
From fragmented FOIA releases to one clean dataset
Normalized Across Decades
Consistent field names, standardized date formats, and clean NAICS mappings from FY1991 through the latest release. One schema, every year.
Cohort Analytics
Approval-year vintage analysis, chargeoff curves, and aging performance tracked by origination cohort so you can compare lending eras.
NAICS Industry Analysis
Default rates, approval volumes, and chargeoff severity broken down by 2-digit NAICS sector. See which industries carry the most risk and where lenders concentrate.
Lender Rankings
Volume, chargeoff rates, and geographic reach for every SBA lender. Identify the largest players and the best performers by state and industry.
Geographic Patterns
State-level and county-level lending concentration, approval trends, and chargeoff rates mapped across the country.
Cross-Market Signals
SBA lending data paired with auto ABS performance. When small business credit deteriorates in a geography, consumer auto defaults often follow.
NAICS sector chargeoff curves
Healthcare loans charge off at 3.5% over five years. Retail trade loans? 8.9%. Each industry has its own credit risk profile, and SBA history makes the differences stark. The chart below tracks every approved 7(a) and 504 loan since FY2000 and shows how cumulative chargeoff rates evolve month by month for the eight highest-chargeoff sectors.
Where the stress lives
State-level chargeoff rates across every SBA loan since FY2000. Florida and Nevada lead on chargeoff rate; Vermont and Alaska anchor the low end. Hover any state for its full metric panel; subscribers click into the per-state lender drill-down.
Drill into who's actually doing the lending
The free overview shows the patterns. The premium drill shows you who's behind them: which lenders concentrate exposure in foodservice, which lenders' construction books survived 2008-2009 vs which broke, and which lenders are over-marketing approvals they don't fund.
Across 8,871 loans in FY2000-2020 vintages, Live Oak's cumulative chargeoff is 0.89% at month 60. Peer median across all SBA lenders is 3.66%. Live Oak underwrites approximately 4× better than the median SBA lender. The premium lender profile shows the full chargeoff curve over the P25/P50/P75 peer band, plus per-NAICS mix, state footprint, vintage trend, and loan-size distribution.
Two Programs, One Platform
Both major SBA lending programs, side by side
SBA 7(a) Loan Data
The SBA's primary and largest lending program. General-purpose business loans up to $5M covering working capital, equipment, real estate, and debt refinancing. Roughly 50,000-60,000 loans approved per year in recent fiscal years, totaling approximately $31 billion in FY2024. Guaranteed portions are pooled and sold on the secondary market.
Explore 7(a) DataSBA 504/CDC Loan Data
Long-term, fixed-rate financing for major capital expenditures like commercial real estate and heavy equipment. Structured as a three-party deal: a Certified Development Company (CDC) provides the SBA-backed portion, a third-party lender covers the senior debt, and the borrower contributes equity. Lower down payments and below-market fixed rates.
Explore 504 DataGet Access to SBA Loan Data
Normalized data, cohort analytics, and cross-market signals
Related Research
Public analysis using the SBA loan tape as the source layer.