Last annual update:
Big, nationwide banks were among the largest lenders to “The Sunshine State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Florida:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 672 | $99,896 | 9.5% |
| 2 | Wells Fargo | Sioux Falls, SD | 327 | $222,417 | 9.6% |
| 3 | Independence Bank | East Greenwich, RI | 193 | $120,155 | 6.7% |
| 4 | JPMorgan Chase Bank | Columbus, OH | 175 | $155,506 | 8.3% |
| 5 | SunTrust Bank | Atlanta, GA | 133 | $608,383 | 6.9% |
| 6 | First Home Bank | Seminole, FL | 127 | $308,868 | 7.7% |
| 7 | Stearns Bank | Saint Cloud, MN | 99 | $276,142 | 7.7% |
| 8 | Newtek Small Business | Lake Success, NY | 98 | $715,474 | 7.7% |
| 9 | Celtic Bank | Salt Lake City, UT | 84 | $243,736 | 7.5% |
| 10 | Huntington National | Columbus, OH | 78 | $394,364 | 7.4% |
| 11 | Seacoast National Bank | Stuart, FL | 73 | $291,801 | 7.7% |
| 12 | United Midwest Savings Bank | De Graff, OH | 71 | $193,394 | 7.6% |
| 13 | Live Oak | Wilmington, NC | 64 | $1,662,609 | 6.8% |
| 14 | BankUnited | Miami Lakes, FL | 55 | $926,516 | 7.3% |
| 15 | Fifth Third Bank | Cincinnati, OH | 54 | $515,678 | 7.0% |
| 16 | Regions Bank | Birmingham, AL | 50 | $932,892 | 6.6% |
| 17 | CenterState Bank | Winter Haven, FL | 42 | $863,569 | 7.1% |
| 18 | PNC Bank | Wilmington, DE | 41 | $188,700 | 7.6% |
| 19 | Compass Bank | Birmingham, AL | 39 | $752,897 | 7.5% |
| 20 | Valley National Bank | Passaic, NJ | 38 | $764,368 | 6.9% |
| 21 | BB&T | Winston Salem, NC | 32 | $331,641 | 7.2% |
| 22 | United Community Bank | Blairsville, GA | 31 | $658,323 | 7.2% |
| 23 | Bank of America | Charlotte, NC | 30 | $1,076,063 | 6.4% |
| 24 | Stone Bank | Mountain View, AR | 29 | $746,355 | 7.3% |
| 25 | Midwest Regional Bank | Festus, MO | 26 | $869,123 | 7.6% |
| 26 | Readycap Lending, LLC | New Providence, NJ | 25 | $964,280 | 7.4% |
| 27 | Hancock Whitney Bank | Gulfport, MS | 25 | $426,288 | 6.3% |
| 28 | Paradise Bank | Boca Raton, FL | 24 | $1,309,288 | 6.8% |
| 29 | Spirit of Texas Bank | College Station, TX | 24 | $279,038 | 7.3% |
| 30 | Synovus Bank | Columbus, GA | 24 | $922,392 | 6.5% |
| 31 | First Green Bank | Orlando, FL | 23 | $990,074 | 7.3% |
| 32 | American Momentum Bank | College Station, TX | 22 | $585,105 | 7.2% |
| 33 | Ameris Bank | Moultrie, GA | 20 | $1,517,805 | 6.7% |
| 34 | First Bank | Southern Pines, NC | 20 | $862,110 | 7.3% |
| 35 | Citibank | Sioux Falls, SD | 18 | $529,967 | 7.1% |
| 36 | Five Star Bank | Rocklin, CA | 18 | $272,722 | 7.7% |
| 37 | State Bank and Trust | Macon, GA | 18 | $241,128 | 7.7% |
| 38 | The Oculina Bank | Vero Beach, FL | 18 | $1,031,778 | 6.8% |
| 39 | Centennial Bank | Conway, AR | 17 | $972,465 | 6.8% |
| 40 | IBERIABANK | Lafayette, LA | 17 | $741,453 | 7.2% |