Top Florida SBA Lenders | SBA Loans in FL

Last update: Apr 15, 2024

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Top SBA lenders in Florida

RankBankBank HQs# of LoansAvg Interest Avg Loan
1TD BankWILMINGTON, DE56412.0% $142,266
2BayFirst National BankSaint Petersburg, FL36712.4% $217,246
3Newtek BankMiami, FL22211.9% $505,901
4Noah BankMiami, FL22211.9% $505,901
5Wells FargoSIOUX FALLS, SD20713.2% $113,785
6Readycap Lending, LLCBERKELEY HEIGHTS, NJ17013.2% $217,174
7JPMorgan Chase BankCOLUMBUS, OH16712.8% $183,616
8Huntington BankCOLUMBUS, OH16610.6% $389,917
9Bank of AmericaCHARLOTTE, NC1498.9% $385,326
10SouthState BankWINTER HAVEN, FL14911.0% $305,019
11United Midwest Savings BankDE GRAFF, OH11611.1% $231,328
12BancorpSouth BankTUPELO, MS7011.0% $380,509
13Celtic BankSALT LAKE CITY, UT6411.0% $419,922
14Live OakWILMINGTON, NC649.8% $1,474,141
15Northeast BankLEWISTON, ME5311.1% $74,736
16Lake Michigan CUGRAND RAPIDS, MI4511.2% $853,482
17First Internet Bank of IndianaFISHERS, IN4111.0% $1,231,585
18First Bank of the LakeOSAGE BEACH, MO3911.2% $726,726
19PNC BankWILMINGTON, DE3912.1% $239,308
20Colony BankFITZGERALD, GA3712.2% $208,654

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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:

Top industries receiving SBA loans in Florida

RankIndustry (NAICS Description)# of LoansAvg Interest Avg Loan
1Full-Service Restaurants14411.1% $741,735
2Plumbing, Heating, and Air-Conditioning Contractors11411.5% $391,457
3Limited-Service Restaurants9010.9% $501,576
4Residential Remodelers8512.2% $271,414
5General Freight Trucking, Long Distance, Truckload7512.3% $160,520
6All Other Specialty Trade Contractors7111.2% $551,093
7Beauty Salons6611.8% $183,306
8Offices of Physicians (except Mental Health Specialists)6310.9% $467,948
9Landscaping Services5611.3% $344,855
10Janitorial Services5411.6% $214,780
11Insurance Agencies and Brokerages4811.5% $563,398
12Other Personal Care Services4811.8% $282,563
13Administrative Management and General Management Consulting Services4612.2% $240,785
14General Automotive Repair4511.2% $425,251
15General Freight Trucking, Local4512.4% $264,104
16Fitness and Recreational Sports Centers4410.8% $373,943
17Marketing Consulting Services4412.4% $110,500
18Offices of Chiropractors4411.0% $276,130
19Offices of Dentists449.0% $692,905
20All Other Personal Services4212.4% $201,769

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. Just click on the find SBA lenders near me button below to get started.

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