SBA 7(a) data dashboard
The disbursement gap, made visible. We track 23,724 pending SBA 7(a) commitments totaling $8.8B — real data from SBA FOIA releases, refreshed monthly. The numbers below come directly from the raw parquet files — not aggregated summaries or press releases.
Total pending
23,724
Full-decade COMMIT
Pending capital
$8.8B
SBA approved, undisbursed
Median wait
13 days
Approval → disbursement
Wait 30+ days
30%
Of recent cohorts
Disbursement timing
Based on 20,722 funded 7(a) loans (2022+). Median: 13 days. P75: 23 days. P90: 38 days. 12% of borrowers wait 60+ days.
By industry
NAICS-level breakdown of pending COMMIT loans. Restaurants and fitness dominate — franchise-heavy industries with predictable capital deployment cycles.
By franchise
Franchise borrowers represent a structurally interesting segment — the franchisor's brand provides soft collateral beyond the SBA approval itself. Top brands tend to have consistent ticket sizes and proven unit economics.
| # | Franchise | Pending | Avg ticket | Total |
|---|---|---|---|---|
| 1 | The UPS Store | 108 | $0.3M | $36.9M |
| 2 | The Back Nine | 47 | $0.3M | $13.9M |
| 3 | Hotworx | 44 | $0.2M | $9.5M |
| 4 | Alloy Personal Traning | 28 | $0.1M | $2.6M |
| 5 | Kiddie Academy | 25 | $1.3M | $33.1M |
| 6 | Bricks & Minifigs | 25 | $0.1M | $1.5M |
| 7 | Teriyaki Madness | 24 | $0.3M | $8.3M |
| 8 | Cold Stone Creamery | 23 | $0.3M | $8.0M |
| 9 | Subway | 23 | $0.3M | $5.9M |
| 10 | Degree Wellness | 23 | $0.5M | $12.0M |
By lender
Lenders by pending COMMIT volume. A high pending count signals strong SBA origination activity — and a larger cohort of borrowers awaiting disbursement. Franchise concentration varies significantly across institutions.
Cancellation risk
Cancellation rate: the share of SBA 7(a) approvals in a given cohort year that were ultimately cancelled (loanstatus = CANCLD). Baseline was 10-12% through 2019-2023. The 2025 cohort shows a spike to 16.0% — elevated, but well-understood. Most cancellations reflect borrowers who found alternative funding before disbursement. Capital partners can underwrite around this.
Underwriting note: The 2025 spike is elevated relative to the 2019-2023 baseline of 9.9-12.4%, but the absolute rate of 16.0% still means 84% of 2025 cohort loans are completing as expected. Cancellations tend to cluster in early-stage borrowers who secure alternative financing — not late-stage defaults. Historical data is available by NAICS and lender for deeper diligence.
By state
CA
2,508
$1.1B
TX
1,784
$973M
FL
1,718
$697M
NY
1,613
$437M
OH
1,423
$348M
MI
997
$289M
IL
956
$337M
PA
924
$276M
NJ
923
$333M
WA
670
$258M
Data is the brand
Sourced from SBA FOIA data. Dataset covers approvaldate 2019-10-01 through 2026-05-14. Last refreshed: 2026-05-14. Capital Expansion makes no representations about completeness or accuracy beyond what the SBA FOIA release includes.