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 10 SBA Lenders in Florida:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 884 | $91,584 | 8.7% |
| 2 | Wells Fargo | Sioux Falls, SD | 404 | $262,026 | 8.4% |
| 3 | JPMorgan Chase Bank | Columbus, OH | 288 | $193,647 | 7.1% |
| 4 | SunTrust Bank | Atlanta, GA | 167 | $711,317 | 6.2% |
| 5 | First Home Bank | Seminole, FL | 137 | $469,872 | 6.7% |
| 6 | Independence Bank | East Greenwich, RI | 116 | $110,647 | 7.3% |
| 7 | Celtic Bank | Salt Lake City, UT | 112 | $217,174 | 6.9% |
| 8 | Regions Bank | Birmingham, AL | 92 | $740,323 | 6.4% |
| 9 | Compass Bank | Birmingham, AL | 88 | $248,194 | 8.1% |
| 10 | Stearns Bank | Saint Cloud, MN | 75 | $353,275 | 6.9% |
| 11 | Huntington National | Columbus, OH | 68 | $409,022 | 6.6% |
| 12 | Newtek Small Business | Lake Success, NY | 67 | $656,685 | 6.9% |
| 13 | Live Oak | Wilmington, NC | 66 | $1,269,409 | 6.1% |
| 14 | BankUnited | Miami Lakes, FL | 65 | $851,014 | 6.2% |
| 15 | Fifth Third Bank | Cincinnati, OH | 61 | $228,416 | 5.4% |
| 16 | Whitney Bank | Gulfport, MS | 52 | $186,588 | 5.9% |
| 17 | PNC Bank | Wilmington, DE | 51 | $219,004 | 7.4% |
| 18 | USAmeriBank | Clearwater, FL | 43 | $749,395 | 6.3% |
| 19 | HomeBanc | Lake Mary, FL | 34 | $323,141 | 6.5% |
| 20 | Bank of America | Charlotte, NC | 33 | $588,294 | 5.8% |
| 21 | Seacoast National Bank | Stuart, FL | 33 | $410,164 | 6.5% |
| 22 | United Midwest Savings Bank | De Graff, OH | 29 | $227,362 | 6.9% |
| 23 | Paradise Bank | Boca Raton, FL | 25 | $1,373,960 | 5.9% |
| 24 | Radius Bank | Boston, MA | 25 | $1,502,608 | 6.8% |
| 25 | BB&T | Winston Salem, NC | 24 | $714,650 | 6.4% |
| 26 | CenterState Bank | Winter Haven, FL | 24 | $909,567 | 6.2% |
| 27 | First Green Bank | Orlando, FL | 23 | $586,070 | 6.5% |
| 28 | United Community Bank | Blairsville, GA | 22 | $1,005,259 | 6.3% |
| 29 | The Oculina Bank | Vero Beach, FL | 21 | $578,810 | 6.1% |
| 30 | Fidelity Bank | Atlanta, GA | 20 | $797,245 | 6.6% |
| 31 | Spirit of Texas Bank | College Station, TX | 20 | $357,135 | 6.5% |
| 32 | Citibank | Sioux Falls, SD | 19 | $399,316 | 6.9% |
| 33 | Centennial Bank | Conway, AR | 18 | $784,789 | 6.3% |
| 34 | CBC National Bank | Fernandina Beach, FL | 16 | $1,250,619 | 6.0% |
| 35 | Community Bank, Coast | Biloxi, MS | 16 | $116,375 | 5.7% |
| 36 | First Citrus Bank | Tampa, FL | 16 | $1,205,438 | 6.4% |
| 37 | Synovus Bank | Columbus, GA | 16 | $1,533,019 | 6.1% |
| 38 | American Momentum Bank | College Station, TX | 14 | $703,229 | 6.5% |
| 39 | The Bank of Tampa | Tampa, FL | 14 | $913,500 | 5.9% |
| 40 | Ameris Bank | Moultrie, GA | 12 | $1,320,817 | 5.9% |