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SBA Lenders in Tampa FL
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Newtek Bank | Miami, FL | 64 | $423,828 | 11.1% |
| 2 | Huntington Bank | Columbus, OH | 37 | $487,030 | 10.4% |
| 3 | BayFirst National Bank | Saint Petersburg, FL | 34 | $293,453 | 11.9% |
| 4 | TD Bank | Wilmington, DE | 32 | $206,641 | 10.9% |
| 5 | United Midwest Savings Bank | De Graff, OH | 26 | $331,462 | 10.4% |
| 6 | Readycap Lending, LLC | Berkeley Heights, NJ | 23 | $251,000 | 12.5% |
| 7 | DFCU Financial | Dearborn, MI | 22 | $810,582 | 9.8% |
| 8 | JPMorgan Chase Bank | Columbus, OH | 21 | $276,676 | 11.3% |
| 9 | The Bank of Tampa | Tampa, FL | 18 | $832,083 | 9.3% |
| 10 | Valley National Bank | Passaic, NJ | 16 | $963,125 | 10.1% |
| 11 | Northeast Bank | Lewiston, ME | 14 | $222,250 | 10.8% |
| 12 | Wells Fargo | Sioux Falls, SD | 13 | $161,915 | 12.2% |
| 13 | Live Oak | Wilmington, NC | 12 | $1,273,417 | 9.3% |
| 14 | First Internet Bank of Indiana | Fishers, IN | 10 | $1,521,700 | 10.4% |
| 15 | Lendistry SBLC | Los Angeles, CA | 10 | $170,010 | 12.4% |
| 16 | Port 51 Lending | Green Bay, WI | 9 | $1,319,667 | 8.4% |
| 17 | Green Bay, WI | 9 | $1,319,667 | 8.4% | |
| 18 | Associated Bank | Green Bay, WI | 9 | $1,319,667 | 8.4% |
| 19 | Bank of America | Charlotte, NC | 7 | $333,414 | 7.5% |
| 20 | Celtic Bank | Salt Lake City, UT | 7 | $108,714 | 11.0% |
Top Industries for SBA Loans in St. Pete
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 11 | All Other Automotive Repair and Maintenance | 3 | $1,470,167 | 9.8% |
| 10 | All Other Consumer Goods Rental | 2 | $767,750 | 9.4% |
| 10 | All Other Miscellaneous Manufacturing | 5 | $90,000 | 10.6% |
| 11 | Appliance Repair and Maintenance | 4 | $145,000 | 10.1% |
| 7 | Automotive Glass Replacement Shops | 2 | $1,087,500 | 10.0% |
| 1 | Battery Manufacturing | 2 | $2,037,700 | 9.8% |
| 14 | Car Washes | 2 | $940,500 | 8.3% |
| 9 | Clothing and Clothing Accessories Merchant Wholesalers | 2 | $1,418,500 | 10.3% |
| 18 | Computer Systems Design Services | 4 | $1,499,175 | 8.8% |
| 10 | Drywall and Insulation Contractors | 2 | $132,500 | 12.0% |
| 11 | Educational Support Services | 3 | $911,600 | 10.0% |
| 8 | Food (Health) Supplement Retailers | 2 | $157,500 | 12.5% |
| 11 | Furniture Retailers | 2 | $137,500 | 12.5% |
| 6 | Glass and Glazing Contractors | 5 | $150,000 | 10.7% |
| 4 | Glass Product Manufacturing Made of Purchased Glass | 4 | $300,000 | 11.5% |
| 5 | Industrial Machinery and Equipment Merchant Wholesalers | 2 | $1,305,000 | 9.0% |
| 4 | Locksmiths | 4 | $400,000 | 9.8% |
| 11 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers | 3 | $1,012,333 | 9.7% |
| 18 | Other Building Finishing Contractors | 2 | $504,000 | 10.0% |
| 14 | Other Management Consulting Services | 2 | $607,500 | 9.8% |
| 11 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 3 | $509,167 | 9.3% |
| 8 | Other Technical and Trade Schools | 2 | $617,500 | 9.8% |
| 11 | Portfolio Management and Investment Advice | 19 | $1,829,263 | 7.8% |
| 4 | Scenic and Sightseeing Transportation, Water | 2 | $335,000 | 10.0% |
| 9 | Sign Manufacturing | 4 | $157,500 | 10.8% |
| 1 | Small Arms, Ordnance, and Ordnance Accessories Manufacturing | 4 | $75,000 | 10.8% |
| 7 | Solid Waste Collection | 2 | $350,000 | 9.8% |
| 20 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 4 | $320,750 | 8.0% |
| 4 | Telecommunications Resellers | 2 | $373,950 | 10.9% |
| 4 | Testing Laboratories and Services | 2 | $483,050 | 11.0% |
| 1 | Tortilla Manufacturing | 9 | $1,000,000 | 10.8% |
| 19 | Used Car Dealers | 9 | $133,333 | 11.5% |
| 11 | Veterinary Services | 3 | $125,000 | 10.4% |
| 2 | Wood Window and Door Manufacturing | 2 | $728,150 | 10.6% |
Finding the right SBA lender in Tampa can make all the difference in securing the funding your business needs. Whether you’re expanding, purchasing equipment, or managing cash flow, we connect you with top SBA lenders in Tampa and nationwide. Click “Connect me to a Tampa Lender” now to find the best financing options for your business!
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Top SBA Lenders in Tampa | Tampa SBA Loans
Introduction
Tampa is a thriving business hub with a growing entrepreneurial scene, from tech startups to hospitality and retail businesses. However, securing funding can be a challenge for many small business owners. SBA loans in Tampa offer an excellent solution, providing competitive interest rates, long repayment terms, and accessible funding for businesses that may not qualify for traditional bank loans. Whether you need capital to expand, purchase equipment, or manage cash flow, an SBA loan can be the financial boost your business needs.
SBA Lending in Tampa: Last Year Overview
SBA loans continue to support Tampa’s small businesses, helping them expand and create jobs. Here are the key lending statistics from last year:
- Total SBA Loans Issued: $142,873,500
- Number of SBA Loans: 269
- Average Loan Amount: $531,128.25
- Average Interest Rate: 11.18%
- Jobs Supported: 2,926
- SBAlenders.com City Ranking: #14 in the U.S.
These numbers highlight the importance of SBA loans in Tampa, ensuring business owners get the funding they need to grow and succeed.
Why Lenders Choose Us
Lenders partner with us because we make the SBA loan process smooth and efficient, ensuring businesses get matched with the best financing options. Here’s why lenders trust us:
- Extensive Network of SBA-Approved Lenders: We connect businesses with the best SBA lenders in Tampa and nationwide.
- Efficient Loan Application Process: Our streamlined system accelerates approvals and reduces paperwork.
- Expert Business Loan Guidance: Our team helps business owners navigate SBA loan requirements to maximize approval chances.
- Tailored Loan Matching: We analyze business needs to connect them with the most suitable lenders.
- Proven Success: Thousands of businesses have secured SBA funding through our platform, helping them grow and create jobs.
By working with us, lenders can efficiently support small businesses while ensuring successful loan outcomes.
Overview of SBA Loan Program in Tampa
The SBA 7(a) loan program is the most flexible SBA loan option, catering to a wide range of business needs. Here’s what you need to know about SBA loans:
- Loan Size: Up to $5,000,000
- Loan Term: 10 years for non-real estate loans; 25 years for real estate loans
- Interest Rates: Slightly higher than conventional loans, negotiated with lenders within SBA’s maximum interest rate
- Use of Loan Proceeds: Business acquisitions, real estate purchases, equipment financing, debt refinancing, partner buyouts, franchise openings, and working capital
- Down Payment: Typically 10% to 20%
- Credit Score Requirement: 680+ is ideal, with a minimum of 640 for consideration
- Collateral: Not required, but all available collateral must be pledged
SBA loans are designed for businesses that may not qualify under traditional lending standards, offering lower down payments, longer repayment terms, and fewer financial restrictions.
Surrounding Areas
Business owners in nearby areas may also find SBA lending opportunities in these cities:
Brandon, Clearwater, Dunedin, Largo, Lakeland, New Port Richey, Palm Harbor, Pinellas Park, Plant City, Riverview, Safety Harbor, St. Petersburg, Seminole, Spring Hill, Wesley Chapel.
Resources for Small Businesses in Tampa
Tampa business owners have access to various resources to support their growth:
- Tampa SBA District Office – Provides assistance with SBA loan programs and applications.
- SCORE Tampa – Offers free business mentoring and workshops.
- Small Business Development Centers (SBDC) – Provides consulting services for small businesses.
- Tampa Bay Chamber of Commerce – Connects business owners with networking and funding opportunities.
Summary
SBA loans continue to be a crucial funding tool for small businesses in Tampa, providing essential capital to support growth and job creation. With competitive interest rates, flexible repayment terms, and strong business support, securing an SBA loan could be the key to your business’s success. If you’re looking for the best SBA lenders in Tampa, explore your options today and take the next step toward securing the right financing.