SBA Loan Maturities by State: 50 States and DC Ranked by Owner-Transition Loans Due 2026 to 2028
Across the 66,307 SBA 7(a) and 504 loans Scouly tracks with a computable maturity date, 7,892 reach the end of their disclosed term between 2026 and 2028. That's 11.9% of the whole book in one three-year window: 2,639 loans in 2026, then 2,737, then 2,516. Our national analysis of the dataset is the SBA loan maturity wall. This page breaks the same numbers out by state, ranks all 50 states plus DC, and links each to its state data page.
Why a buyer should care: a 10-year 7(a) loan or a 20 to 25-year 504 loan hitting maturity means the owner's monthly debt payment is about to disappear. Some owners refinance or just enjoy the extra cash flow. Others, especially owners without a successor, treat the payoff as the natural moment to sell, and a maturity date is a screening signal for that group.
How the numbers are built, and where they fall short
The method is the same one described on our data provenance page and in the maturity wall post. The SBA publishes loan-level 7(a) and 504 records in its FOIA files, including the approval date and the term in months. Maturity year is derived from the approval date and the disclosed term. Nothing is modeled or imputed.
The method carries limits worth stating plainly:
- Refinancing and prepayment are invisible. Both happen, and neither appears in approval-time disclosure data. The true count of loans still outstanding at maturity is lower than the scheduled count reported here.
- States undercount where the term is missing. A loan only enters this table when its approval date and term are both present in the SBA files. Loans with a missing term exist but can't produce a maturity year, so every state's figure is a floor.
- The coverage is a subset. The 66,307 loans sit inside Scouly's index of 173,769 companies in seven industries (HVAC and plumbing, dental, manufacturing, landscaping, auto repair, funeral homes, veterinary), a small slice of all SBA lending. Read each state's figure as shape and as a starting list of named borrowers.
- A maturity date says nothing about whether a business is for sale. None of these companies is listed anywhere, Scouly never contacts owners, and the data carries no revenue or EBITDA estimate. It tells you when a loan's disclosed term ends. That is all it tells you.
All 50 states and DC, ranked by loans maturing 2026 to 2028
Every state name links to its full data page with year-by-year counts, industry breakdown and top metros. Median peak loan is the median of the largest disclosed SBA loan per borrower in that state.
| State | Loans tracked | Maturing 2026 to 2028 | Share maturing 2026 to 2028 | Median peak loan |
|---|---|---|---|---|
| California | 11,062 | 1,348 | 12.2% | $555,000 |
| Texas | 4,946 | 559 | 11.3% | $552,400 |
| Florida | 4,177 | 474 | 11.3% | $496,000 |
| Illinois | 2,782 | 324 | 11.6% | $450,000 |
| Ohio | 2,546 | 320 | 12.6% | $425,450 |
| Minnesota | 2,243 | 286 | 12.8% | $434,200 |
| Michigan | 2,389 | 280 | 11.7% | $471,800 |
| New York | 2,416 | 279 | 11.5% | $401,000 |
| Colorado | 2,261 | 273 | 12.1% | $565,000 |
| Wisconsin | 1,976 | 261 | 13.2% | $499,000 |
| Arizona | 1,802 | 238 | 13.2% | $537,400 |
| Georgia | 1,817 | 229 | 12.6% | $520,000 |
| Indiana | 1,458 | 194 | 13.3% | $400,000 |
| Utah | 1,671 | 194 | 11.6% | $412,000 |
| Washington | 1,669 | 190 | 11.4% | $544,000 |
| Pennsylvania | 1,704 | 172 | 10.1% | $485,000 |
| Massachusetts | 1,557 | 168 | 10.8% | $370,000 |
| North Carolina | 1,503 | 168 | 11.2% | $509,000 |
| Missouri | 1,306 | 162 | 12.4% | $437,000 |
| Virginia | 1,200 | 150 | 12.5% | $441,800 |
| Idaho | 804 | 110 | 13.7% | $393,150 |
| Oklahoma | 707 | 109 | 15.4% | $439,000 |
| New Jersey | 1,178 | 105 | 8.9% | $516,000 |
| Nevada | 774 | 103 | 13.3% | $499,500 |
| Oregon | 831 | 98 | 11.8% | $541,000 |
| Iowa | 630 | 91 | 14.4% | $400,000 |
| Maryland | 676 | 81 | 12.0% | $455,000 |
| Connecticut | 783 | 80 | 10.2% | $397,000 |
| Kansas | 581 | 79 | 13.6% | $423,000 |
| Tennessee | 638 | 77 | 12.1% | $552,500 |
| South Carolina | 597 | 68 | 11.4% | $542,200 |
| Louisiana | 460 | 65 | 14.1% | $456,750 |
| New Hampshire | 562 | 64 | 11.4% | $301,000 |
| Nebraska | 433 | 53 | 12.2% | $413,000 |
| Alabama | 593 | 50 | 8.4% | $439,000 |
| Kentucky | 441 | 40 | 9.1% | $406,000 |
| New Mexico | 346 | 40 | 11.6% | $426,150 |
| Arkansas | 285 | 36 | 12.6% | $480,000 |
| Maine | 282 | 35 | 12.4% | $350,500 |
| Rhode Island | 271 | 34 | 12.5% | $343,000 |
| North Dakota | 271 | 32 | 11.8% | $421,000 |
| Montana | 316 | 28 | 8.9% | $372,350 |
| South Dakota | 270 | 27 | 10.0% | $369,500 |
| Mississippi | 231 | 26 | 11.3% | $418,000 |
| Hawaii | 168 | 19 | 11.3% | $377,000 |
| Alaska | 148 | 18 | 12.2% | $588,300 |
| Vermont | 131 | 17 | 13.0% | $338,900 |
| West Virginia | 137 | 14 | 10.2% | $400,000 |
| Wyoming | 133 | 13 | 9.8% | $352,000 |
| Delaware | 103 | 6 | 5.8% | $627,000 |
| District of Columbia | 42 | 5 | 11.9% | $548,550 |
Totals: 66,307 loans tracked, 7,892 maturing 2026 to 2028, an 11.9% national share, all within the 51 jurisdictions above (each clears the 40-loan minimum we require before publishing a state page).
Top 10 states by count
- California: 1,348 loans, 17% of the entire national 2026 to 2028 wall by itself
- Texas: 559
- Florida: 474
- Illinois: 324
- Ohio: 320
- Minnesota: 286
- Michigan: 280
- New York: 279
- Colorado: 273
- Wisconsin: 261
The top five hold 3,025 of the 7,892 near-term maturities, 38.3% of the national total. The top ten hold 55.8%.
Top 10 states by share
Count rewards big states. Share shows where the loan book itself is oldest relative to its size, which is the more useful list for a buyer still picking a geography.
- Oklahoma: 15.4% (109 of 707 loans)
- Iowa: 14.4% (91 of 630)
- Louisiana: 14.1% (65 of 460)
- Idaho: 13.7% (110 of 804)
- Kansas: 13.6% (79 of 581)
- Nevada: 13.3% (103 of 774)
- Indiana: 13.3% (194 of 1,458)
- Wisconsin: 13.2% (261 of 1,976)
- Arizona: 13.2% (238 of 1,802)
- Vermont: 13.0% (17 of 131)
Wisconsin is the only state on both lists.
What the table actually shows
The wall is national, with a narrow band around 11.9%. Forty-seven of the 51 jurisdictions fall between 9.0% and 15.4%. The floor is Delaware at 5.8%, on a base of 103 tracked loans, where six records decide the whole percentage. So state choice moves the absolute size of your pipeline enormously, since California has 79 times Vermont's count, but it barely moves your odds on any single company.
The upper Midwest and plains run hot. Iowa (14.4%), Kansas (13.6%), Indiana (13.3%), Wisconsin (13.2%) and Minnesota (12.8%) all clear the national 11.9%. The national post shows the same tilt at metro level. Minneapolis-St. Paul ranks fifth for total loans reaching maturity across all years, at 1,588, ahead of both Houston and Phoenix on a far smaller population.
Median loan size and maturity share are separate axes. The largest median peak loans sit in Delaware ($627,000), Alaska ($588,300) and Colorado ($565,000), while high-share states mostly lend smaller: Idaho's median is $393,150, Iowa's $400,000. A buyer with a smaller equity check can chase the hottest maturity shares without competing at coastal loan sizes. To place a specific loan within its industry, use the deal benchmark tool.
Working the list
The dataset behind this post, national plus state, industry and metro cuts, is a free CSV at scouly.com/data/sba-maturity-wall.csv, released CC0 and versioned on GitHub. Each state page under /sba-loans shows the year-by-year curve and which industries drive it. For the named companies behind the counts, with loan, registry and fragmentation data on every profile, start with a thesis. The free Explorer tier includes 10 full profile unlocks.
Frequently asked questions
How many SBA loans are maturing in 2026?
In Scouly's tracked set of 66,307 SBA 7(a) and 504 loans with a disclosed term, 2,639 reach scheduled maturity in 2026, followed by 2,737 in 2027 and 2,516 in 2028. That covers seven owner-operated industries, so total SBA maturities across the whole economy are much higher. Maturity year is computed from the approval date plus the disclosed term in the SBA's public FOIA files.
Which state has the most SBA loans maturing between 2026 and 2028?
California, with 1,348 tracked loans reaching scheduled maturity in that window, about 17% of the national total in this dataset. Texas follows at 559 and Florida at 474. By share of its own loan book, though, Oklahoma leads at 15.4%, with Iowa at 14.4% and Louisiana at 14.1%.
Does a maturing SBA loan mean the business is for sale?
No. A maturity date means the loan reaches the end of its disclosed term that year, and many owners simply refinance or enjoy the payoff. It's a screening signal for buyers because debt payoff often coincides with an owner's transition decision, especially without a successor. None of the businesses in this data is listed for sale anywhere.
Where does SBA loan maturity data come from?
The SBA publishes loan-level 7(a) and 504 records under FOIA at data.sba.gov, updated quarterly. Each record carries the approval date and the term in months, and adding the two gives the scheduled maturity year. Refinancing and prepayment are not in the files, so scheduled maturities overstate loans actually outstanding at the date.
How long is a typical SBA loan term?
The SBA tells lenders a 7(a) term should be "ten years or less, unless it finances or refinances real estate or equipment with a useful life exceeding ten years," capped at "a maximum of 25 years, including extensions." SBA 504 loans, which finance fixed assets like buildings and long-life machinery, come in 10, 20 and 25-year maturities. Those long terms are why loans approved in the early 2000s are coming due now.
Can I download the state-by-state maturity data?
Yes. The full table, plus national, industry and metro cuts, is a free CSV at scouly.com/data/sba-maturity-wall.csv with no signup. It's released CC0 (public domain) and versioned on GitHub, alongside the four-column schema and five regional splits. Sources and methodology live on the data provenance page.
Sources
- SBA 7(a) and 504 FOIA loan-level files, the primary dataset for every count on this page
- SBA 7(a) loan program, official uses and eligibility
- SBA 504 loan program, official 10, 20 and 25-year maturity terms for fixed-asset lending
- SBA lender guidance on 7(a) maturity terms, the ten-year and 25-year rules quoted above
- Scouly maturity wall CSV, the full dataset behind this post, CC0
- sba-loan-maturity-wall on GitHub, versioned data and schema