Top SBA Lenders – SBA Loans Florida

Last update: Feb 18, 2022

 

SBA Lenders in Florida

A note about these Florida SBA lenders – People frequently ask us if one of the banks above is 1) on the Florida preferred lender list 2) an approved lender in Florida, or 3) participating in the Florida SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Florida and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Florida. We analyze thousands of SBA loans each year and rank lenders based on recent activity by state. For Florida, we also break it down future by major metro – Ft. Lauderdale & Miami, Jacksonville, Orlando, and St. Pete & Tampa.

We would be remissed if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our Florida SBA loan tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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Top SBA lenders in Florida

FL RankFlorida BankBank HQs# of FL LoansAvg InterestAvg Florida Loan
1TD BankWilmington, DE3727.2%$230,386
2United Midwest Savings BankDe Graff, OH2586.0%$213,874
3Wells FargoSioux Falls, SD2068.1%$169,675
4Newtek Small Business FinanceLake Success, NY1416.1%$849,182
5First Home BankSaint Petersburg, FL1135.3%$735,554
6Live OakWilmington, NC1135.4%$1,423,066
7The Huntington National BankColumbus, OH935.6%$427,211
8SouthState BankWinter Haven, FL705.3%$969,069
9Paradise BankBoca Raton, FL695.2%$1,619,494
10Bank of AmericaCharlotte, NC643.3%$410,186
11BB&TCharlotte, NC605.2%$1,210,083
12Regions BankBirmingham, AL555.4%$901,906
13Readycap Lending, LLCBerkeley Heights, NJ505.5%$1,089,768
14BancorpSouth BankTupelo, MS445.9%$268,920
15PNC BankWilmington, DE416.4%$727,220
16Citizens BankElizabethton, TN405.8%$802,144
17JPMorgan Chase BankColumbus, OH396.1%$220,290
18Centennial BankConway, AR375.7%$880,441
19Seacoast National BankStuart, FL355.8%$754,106
20Synovus BankColumbus, GA325.4%$1,477,422

Here are the top 50 industries in Florida (based on small business loan volume from last year) so you can get a sense of what you may expect for your business in terms of interest rate:

RankFlorida Small Business Description# of LoansAvg LoanAvg Rate
1Hotels (except Casino Hotels) and Motels392$2,164,3635.9%
2Full-Service Restaurants1,078$554,0106.7%
3Child Day Care Services555$919,6906.3%
4Limited-Service Restaurants836$481,8856.5%
5Veterinary Services397$938,0565.7%
6Offices of Dentists555$652,5656.0%
7Offices of Physicians (except Mental Health Specialists)702$502,6476.4%
8Car Washes135$1,391,3116.4%
9Insurance Agencies and Brokerages349$486,0907.0%
10Fitness and Recreational Sports Centers407$398,4037.0%
11All Other Specialty Trade Contractors413$372,8866.8%
12Homes for the Elderly143$1,031,8216.4%
13All Other Amusement and Recreation Industries154$842,8826.7%
14Landscaping Services426$304,2777.3%
15Gasoline Stations with Convenience Stores137$930,7396.1%
16Plumbing, Heating, and Air-Conditioning Contractors399$308,4457.2%
17General Automotive Repair353$328,9167.1%
18Pharmacies and Drug Stores164$602,6206.4%
19Other Miscellaneous Durable Goods Merchant Wholesalers159$599,4276.5%
20Lessors of Nonresidential Buildings (except Miniwarehouses)97$961,0146.0%
21Lessors of Miniwarehouses and Self-Storage Units57$1,621,6256.1%
22Offices of Lawyers397$220,6337.1%
23Other Miscellaneous Nondurable Goods Merchant Wholesalers137$553,1046.7%
24Transportation Equipment and Supplies (except Motor Vehicle) Merchant76$943,1766.2%
25Supermarkets and Other Grocery (except Convenience) Stores95$753,7076.7%
26All Other Professional, Scientific, and Technical Services194$364,8256.7%
27Beauty Salons350$199,3227.3%
28Drinking Places (Alcoholic Beverages)115$606,2097.0%
29Offices of Certified Public Accountants220$304,0556.6%
30Engineering Services164$405,7966.8%
31Home Health Care Services201$329,4816.9%
32All Other Personal Services219$296,8037.2%
33Other Personal Care Services225$283,1606.9%
34Investment Advice110$566,8076.5%
35Offices of Chiropractors261$222,9156.7%
36Electrical Contractors271$213,2627.4%
37Funeral Homes and Funeral Services63$836,3626.0%
38Drugs and Druggists' Sundries Merchant Wholesalers71$740,2187.0%
39Breweries73$718,9326.7%
40General Freight Trucking, Long Distance, Truckload223$234,7228.3%
41Elementary and Secondary Schools52$988,8156.3%
42Custom Computer Programming Services146$344,3177.3%
43Bed-and-Breakfast Inns43$1,115,6406.1%
44Marinas36$1,295,7616.4%
45Offices of All Other Miscellaneous Health Practitioners128$360,1527.2%
46Other Direct Selling Establishments106$428,7547.0%
47Other Building Material Dealers82$551,8636.6%
48Snack and Nonalcoholic Beverage Bars169$263,2667.1%
49Automotive Body, Paint, and Interior Repair and Maintenance103$415,0887.4%
50Industrial Machinery and Equipment Merchant Wholesalers91$460,3416.5%

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