COVID-19 relief options and additional resources
LEARN MORE Close

SBA Small Business Lending in Central-South Texas for Fiscal Year 2020

Release Date: 
Thursday, November 5, 2020
Release Number: 
20-03
Contact: 
Nina Ramon | nina.ramon@sba.gov

AN ANTONIO - The U.S. Small Business Administration announced Fiscal Year 2020 results of financial assistance provided through traditional loan program lending as well as aid provided via the CARES Act. Nationwide the SBA’s flagship 7(a) loan program made approximately 42,000 7(a) loans totaling $22.55 billion. The 504 loan program had another year of increased performance, with more than 7,000 loans made for a total dollar amount of more than $5.8 billion.

For the San Antonio District Office, which services 55 counties within Central South Texas, the loan data can be seen below.

7(a)

............  617 Approval Count.............

$461,981,700

504

............  98 Approval Count...............

$98,598,000

Elizondo

"SBA continues to create and expand opportunities for America’s entrepreneur," said David Elizondo, Deputy District Director for SBA San Antonio District Office. "I am proud to announce in working closely with SBA participating lenders, over 700 small businesses were assisted using the traditional SBA 7(a) and 504 loan programs and 7,964 jobs were retained.”

In just six days, the SBA, in coordination with the Treasury Department, built and launched the largest economic response program aimed at small businesses in American history – the Paycheck Protection Program (PPP). Within a matter of weeks, the program approved more than $525 billion in forgivable loans to small businesses and nonprofits.

Within the district over 82 thousand small businesses were assisted through the PPP loan program, with loan amounts totaling nearly $8 billion.

Highlights from the PPP include:

  • 27% of the PPP loan dollars were made in low-and moderate-income communities which is in proportion to the percentage of population in these areas:
  • More than $133 billion, or 25%, of PPP loans were approved for small businesses in historically underutilized business zones (HUBZones); and,
  • Over $80 billion, or 15%, of total PPP dollars were approved to small businesses in rural communities. 

It was a historic year for the agency's disaster loan program as well. For the first time in the agency's history, it had the statutory authority to declare a pandemic and make disaster loans.

In the State of Texas more than $16 billion in Economic Injury Disaster Loans were approved. Of that, 54,066 loans were approved in the San Antonio district amounting in $2,994,569,102.

"At the San Antonio District Office," Elizondo continued. "We work to ignite change and spark action so small businesses can confidently power the American dream."