SBA lender · 7(a) program
BankUnited
BankUnited has approved 1,704 SBA loans worth $1.77B since FY2010 - the #60 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#60
0.35% of all SBA dollars
Total approved
$1.77B
FY2010 onward
Loans
1,704
Median loan
$714,200
+297% vs national
Median rate
6.00%
-0.75 pts vs national
Charge-off rate
6.9%
1,198 resolved FY10-19 loans
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.
Reading the record
What BankUnited’s numbers say
BankUnited sits solidly inside the SBA lending field, having approved 1,704 loans for a gross total of $1.77B since fiscal 2010. Its median loan of $714,200 is substantially larger than the $180,000 national median, which usually signals a focus on real-estate-backed or acquisition deals rather than small working-capital notes.
The median initial note rate across its 7(a) approvals is 6.00%, 0.75 points below the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 6.9% were charged off, 0.6 points below the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 1% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally - a book weighted toward established operators.
Where BankUnited lends
| State | Loans | Share |
|---|---|---|
| Florida | 762 | |
| Texas | 144 | |
| North Carolina | 81 | |
| Michigan | 73 | |
| Ohio | 55 | |
| California | 52 | |
| South Carolina | 46 | |
| Virginia | 43 |
What it lends against
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.
Questions about BankUnited
- How many SBA loans has BankUnited approved?
- BankUnited has approved 1,704 SBA loans totalling $1,772,311,900 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #60 among all SBA lenders by dollars approved.
- What is the typical BankUnited SBA loan size?
- The median gross approval is $714,200, with the middle 80% of loans falling between $70,000 and $2,505,000. The national median across all SBA lenders is $180,000.
- What interest rate does BankUnited charge on SBA 7(a) loans?
- The median initial note rate on BankUnited's 7(a) approvals is 6.00%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is BankUnited's SBA loan charge-off rate?
- 6.9% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.