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SBA 504 record
Morgan Stanley Bank, National Association: SBA 504 first liens made
Morgan Stanley Bank, National Association, a bank based in Salt Lake City, UT, made 29 SBA 504 first liens in the 36 months ending September 30, 2026, $31.6M in all, net of cancelled approvals. The typical first lien was about $810K, and 7 were in the last 12 months. Most were in California.
- Evidence
- SBA 504 loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 11, 2026
- First liens, 36 months
- 29
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $31.6M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $810K
- SBA FOIA,
- Largest loan
- $5.7M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 7
- SBA FOIA,
Cite this
Source: The Lender Report, Morgan Stanley Bank, National Association: SBA 504 first liens made, https://lender.report/lender/morgan-stanley-bank-ut/sba-504/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Jul 2026 | California | SBA 504, Plumbing, Heating, and Air-Conditioning Contractors | $810K | 25 yr | SBA FOIA | ||
| Apr 2026 | California | SBA 504, All Other Specialty Trade Contractors | $320K | 25 yr | SBA FOIA | ||
| Feb 2026 | South Carolina | SBA 504, Finance and Insurance | $300K | 25 yr | SBA FOIA | ||
| Jan 2026 | Indiana | SBA 504, Professional, Scientific, and Technical Services | $630K | 25 yr | SBA FOIA | ||
| Dec 2025 | California | SBA 504, Professional, Scientific, and Technical Services | $390K | 25 yr | SBA FOIA | ||
| Jul 2025 | California | SBA 504, All Other Consumer Goods Rental | $320K | 25 yr | SBA FOIA | ||
| Jun 2025 | California | SBA 504, Brick, Stone, and Related Construction Material Merchant Wholesalers | $910K | 25 yr | SBA FOIA | ||
| May 2025 | California | SBA 504, All Other Consumer Goods Rental | $450K | 25 yr | SBA FOIA | ||
| Mar 2025 | New York | SBA 504, Electrical Contractors and Other Wiring Installation Contractors | $1.3M | 25 yr | SBA FOIA | ||
| Feb 2025 | California | SBA 504, Electronics and Appliance Retailers | $2.3M | 25 yr | SBA FOIA | ||
| Feb 2025 | Florida | SBA 504, Offices of Physicians (except Mental Health Specialists) | $1.6M | 25 yr | SBA FOIA | ||
| Dec 2024 | California | SBA 504, Electronics and Appliance Retailers | $460K | 25 yr | SBA FOIA | ||
| Oct 2024 | California | SBA 504, Freight Transportation Arrangement | $920K | 25 yr | SBA FOIA | ||
| Oct 2024 | California | SBA 504, Engineering Services | $470K | 25 yr | SBA FOIA | ||
| Sep 2024 | California | SBA 504, All Other Specialty Trade Contractors | $1.2M | 25 yr | SBA FOIA | ||
| Sep 2024 | New York | SBA 504, Electrical Contractors and Other Wiring Installation Contractors | $300K | 25 yr | SBA FOIA | ||
| Aug 2024 | Texas | SBA 504, Wholesale Trade | $5.7M | 25 yr | SBA FOIA | ||
| May 2024 | Texas | SBA 504, Sporting Goods Retailers | $950K | 25 yr | SBA FOIA | ||
| May 2024 | California | SBA 504, All Other Specialty Trade Contractors | $720K | 25 yr | SBA FOIA | ||
| May 2024 | Florida | SBA 504, All Other Personal Services | $320K | 25 yr | SBA FOIA | ||
| Apr 2024 | Florida | SBA 504, Other Support Activities for Air Transportation | $1.1M | 25 yr | SBA FOIA | ||
| Apr 2024 | Colorado | SBA 504, Finance and Insurance | $800K | 25 yr | SBA FOIA | ||
| Apr 2024 | Florida | SBA 504, Offices of Physicians, Mental Health Specialists | $380K | 25 yr | SBA FOIA | ||
| Mar 2024 | Nevada | SBA 504, Management of Companies and Enterprises | $1.1M | 20 yr | SBA FOIA | ||
| Feb 2024 | Oregon | SBA 504, Manufacturing | $2.4M | 25 yr | SBA FOIA | ||
| 29 SBA 504 first liens since October 2023, net of cancelled | $31.6M | SBA FOIA | |||||
A blank means the source did not report it.
| State | First liens | Dollars |
|---|---|---|
| California | 13 | $9.97M |
| Florida | 5 | $5.00M |
| New York | 3 | $2.80M |
| Nevada | 2 | $3.10M |
| Texas | 2 | $6.65M |
| Colorado | 1 | $800K |
| Indiana | 1 | $630K |
| Oregon | 1 | $2.40M |
| South Carolina | 1 | $300K |
SBA loans are on record by state only.
| Loan size | First liens | Dollars |
|---|---|---|
| Under $150K | 0 | $0 |
| $150K to $350K | 5 | $1.56M |
| $350K to $1M | 13 | $8.59M |
| $1M to $2.5M | 10 | $15.8M |
| $2.5M or more | 1 | $5.70M |
| Quarter | First liens | Dollars |
|---|---|---|
| 2023 Q4 | 1 | $1.60M |
| 2024 Q1 | 5 | $7.40M |
| 2024 Q2 | 6 | $4.27M |
| 2024 Q3 | 3 | $7.20M |
| 2024 Q4 | 3 | $1.85M |
| 2025 Q1 | 3 | $5.20M |
| 2025 Q2 | 2 | $1.36M |
| 2025 Q3 | 1 | $320K |
| 2025 Q4 | 1 | $390K |
| 2026 Q1 | 2 | $930K |
| 2026 Q2 | 1 | $320K |
| 2026 Q3 | 1 | $810K |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | First liens |
|---|---|
| All Other Specialty Trade Contractors (238990) | 3 |
| All Other Consumer Goods Rental (532289) | 2 |
| Electrical Contractors and Other Wiring Installation Contractors (238210) | 2 |
| Electronics and Appliance Retailers (449210) | 2 |
| Finance and Insurance | 2 |
| Manufacturing | 2 |
| Professional, Scientific, and Technical Services | 2 |
| All Other Personal Services (812990) | 1 |
| Brick, Stone, and Related Construction Material Merchant Wholesalers (423320) | 1 |
| Engineering Services (541330) | 1 |
| Freight Transportation Arrangement (488510) | 1 |
| Management of Companies and Enterprises | 1 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| Accredited Lenders Program | 16 |
| ALP Express | 7 |
| 504 Basic | 3 |
| 504 Refinancing Program | 2 |
| ALP Express Debt Refi | 1 |
| Certified Development Company | Projects |
|---|---|
| The Mortgage Capital Development Corporation | 9 |
| Florida First Capital Finance Corporation, Inc. | 5 |
| CDC Small Business Finance Corp. | 4 |
| Trenton Business Assistance Corporation | 3 |
| California Statewide Certified Development Corporation | 2 |
| Capital Certified Development Corporation | 2 |
| Appalachian Development Corporation | 1 |
| B:Side Capital | 1 |
| Business Finance Capital | 1 |
| Indiana Statewide Certified Development Corporation | 1 |
- Morgan Stanley Bank, National Association made 29 SBA 504 first liens totaling $31.6M in the 36 months ending September 30, 2026, net of cancelled approvals, in 9 states. SBA FOIA,
- The SBA file shows 7 approvals naming Morgan Stanley Bank, National Association as first-lien lender dated in the 12 months to September 30, 2026, and 11 in the 12 months before. Both counts leave out cancelled approvals and include approvals not yet funded, so the two periods are measured the same way. SBA FOIA,
- The typical first lien was about $810K, with the middle half between $450K and $1.2M. SBA FOIA,
- The largest was about $5.7M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 0 loans were under $150K, and 11 were $1M or more. SBA FOIA,
- The median term was 25 years. SBA FOIA,
- Its loans went most often to All Other Specialty Trade Contractors, with 3. SBA FOIA,
- The SBA file lists 16 of its loans as processed under Accredited Lenders Program. SBA FOIA,
- It worked with 10 Certified Development Companies, most often The Mortgage Capital Development Corporation. SBA FOIA,
- Its loans were most often in California (13), Florida (5) and New York (3). SBA FOIA,
What we don't know
- Whether Morgan Stanley Bank, National Association is taking new SBA 504 loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
SBA 504 figures count the first-lien lender on each SBA approval. Dollars are first-lien amounts.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.