SBA data · Florida
SBA lending in Florida
65,125 loans worth $36.09B have been approved for Florida projects since FY2010 - the #3 state by SBA dollars, 7.1% of the national total.
State rank
#3
by dollars approved
Approved
$36.09B
FY2010 onward
Loans
65,125
Median loan
$250,000
+39% vs national
Median 7(a) rate
7.84%
Jobs supported
692,213
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Florida
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in FL | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Florida First Capital Finance Corporation, Inc. | $3.85B | 4,316 | $892,233 | |
| 2 | Florida Business Development Corporation | $3.50B | 4,738 | $738,667 | |
| 3 | Live Oak Banking Company | $1.74B | 1,351 | $1,285,584 | |
| 4 | Truist Bank | $1.27B | 2,315 | $547,981 | |
| 5 | Wells Fargo Bank | $1.14B | 5,140 | $221,037 | |
| 6 | TD Bank | $1.00B | 6,612 | $151,969 | |
| 7 | The Huntington National Bank | $936.3M | 2,258 | $414,670 | |
| 8 | Newtek Bank | $757.1M | 1,920 | $394,317 | |
| 9 | Newtek Small Business Finance, Inc. | $715.7M | 1,008 | $709,993 | |
| 10 | SouthState Bank | $689.0M | 1,006 | $684,911 | |
| 11 | Paradise Bank | $593.8M | 410 | $1,448,250 | |
| 12 | BayFirst National Bank | $565.8M | 1,755 | $322,379 |
By sector in Florida
- Restaurants & Hotels6,820 · $5.86B
- Health Care8,171 · $5.23B
- Construction7,193 · $3.08B
- Wholesale4,645 · $3.01B
- Professional Services7,364 · $3.01B
- Other Services5,867 · $2.69B
- Retail4,355 · $2.49B
- Administrative & Waste3,781 · $1.38B
- Arts & Recreation1,971 · $1.21B
- Real Estate1,738 · $1.03B
- Transportation2,407 · $900.3M
- Finance & Insurance1,513 · $785.2M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Florida. The final bar is a partial fiscal year.
Loan sizes in Florida
- Under $50K16%
- $50K - $150K19%
- $150K - $350K24%
- $350K - $1M25%
- $1M - $2M9%
- Over $2M6%
SBA lending in Florida: common questions
- How many SBA loans are approved in Florida?
- 65,125 SBA 7(a) and 504 loans totalling $36,093,772,500 have been approved for projects in Florida since fiscal year 2010, ranking it #3 among states and territories by dollars approved - 7.1% of all SBA lending nationally.
- Which lenders make the most SBA loans in Florida?
- By dollars approved in Florida, the most active lenders are Florida First Capital Finance Corporation, Inc., Florida Business Development Corporation, Live Oak Banking Company, Truist Bank, Wells Fargo Bank. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Florida?
- The median gross approval in Florida is $250,000, 39% above the national median of $180,000. Half of all loans in the state fall between $25,000 and $1,468,000.
- Do I need to use a lender based in Florida?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Florida, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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