Primary source
Borrower and loan records come directly from the SBA's public 7(a) and 504 FOIA releases — approval amounts, guaranty and third-party dollars, lender fields, dates, NAICS, jobs supported, and loan status. We do not add projections, estimates, or scraped reviews.
Geocoding
Borrower locations are geocoded to latitude/longitude so loans can be mapped and searched by radius. About a fifth of records don't resolve to precise coordinates; those still appear in tables and aggregates but not as map pins.
Refresh cadence
The SBA publishes updated FOIA files on a roughly quarterly basis. LoanRound re-ingests each release in full and rebuilds its lender, city, and industry aggregates so leaderboards stay in sync.
Interpretation limits
An approval is not a disbursement, and historical activity does not predict future decisions. Lender names reflect the SBA's records and may not roll up subsidiaries to a parent bank. Read individual records in context.