Top SBA Lenders in Florida

For entrepreneurs in Florida seeking Small Business Administration (SBA) loans, understanding the key players in the lending landscape is crucial. Here’s a detailed look at the top SBA lenders in Florida, providing insights into their focus areas, loan statistics, and other factors that borrowers may find useful:

Florida’s Preferred SBA Lenders

RankBankBank HQ# of Loans Avg Loan Avg Interest
1TD BankWilmington, DE462 $144,271 9.2%
2BayFirst National BankSaint Petersburg, FL217 $431,718 8.2%
3Wells FargoSioux Falls, SD205 $96,721 10.0%
4Newtek Small Business FinanceLake Success, NY158 $622,841 8.1%
5The Huntington National BankColumbus, OH156 $384,520 7.2%
6Bank of AmericaCharlotte, NC118 $406,703 3.9%
7BancorpSouth BankTupelo, MS109 $322,583 7.2%
8Readycap Lending, LLCBerkeley Heights, NJ102 $281,914 8.1%
9Live OakWilmington, NC85 $1,662,676 6.7%
10United Midwest Savings BankDe Graff, OH78 $261,641 7.2%
11JPMorgan Chase BankColumbus, OH74 $188,677 7.7%
12SouthState BankWinter Haven, FL57 $794,979 7.6%
13Celtic BankSalt Lake City, UT55 $569,024 7.4%
14Seacoast National BankStuart, FL42 $644,900 7.0%
15Berkshire BankPittsfield, MA40 $1,434,060 7.0%
16Truist BankCharlotte, NC40 $1,075,195 6.0%
17Dogwood State BankRaleigh, NC39 $1,067,777 7.5%
18Lake Michigan CUGrand Rapids, MI39 $1,074,503 7.4%
19Paradise BankBoca Raton, FL32 $1,380,369 6.8%
20First Bank of the LakeOsage Beach, MO29 $1,502,324 7.2%
21PNC BankWilmington, DE28 $440,846 6.7%
22Synovus BankColumbus, GA27 $1,370,793 7.2%
23Fifth Third BankCincinnati, OH26 $453,746 7.4%
24Regions BankBirmingham, AL26 $1,183,254 7.1%
25Citizens BankElizabethton, TN25 $590,496 7.3%
26The Bank of TampaTampa, FL25 $1,013,160 6.9%
27Customers BankMalvern, PA24 $874,975 6.3%
28Valley National BankPassaic, NJ24 $832,529 7.1%
29Cogent BankOrlando, FL22 $914,818 6.5%
30United Community BankBlairsville, GA22 $1,086,573 6.5%
31Byline BankChicago, IL21 $1,132,167 7.2%
32iTHINK Financial CUDelray Beach, FL20 $634,200 7.5%
33Harvest Small Business FinanceLaguna Hills, CA19 $746,395 7.7%
34Centennial BankConway, AR16 $1,153,525 6.3%
35Amerant BankCoral Gables, FL15 $941,433 6.3%
36Fund-Ex Solutions GroupDavie, FL15 $1,369,000 7.2%
37Gulf Coast Bank and TrustNew Orleans, LA15 $821,947 6.4%
38The First BankHattiesburg, MS14 $984,407 7.0%
39American Momentum BankCollege Station, TX13 $980,985 7.2%
40First-Citizens Bank & TrustRaleigh, NC13 $637,500 6.4%

1. TD Bank

TD Bank is a significant player in the Florida market, providing a substantial number of loans. While emphasizing accessibility through smaller loan amounts, borrowers should be mindful of the higher average interest rate.

2. BayFirst National Bank

As a local player based in Saint Petersburg, BayFirst National Bank demonstrates a commitment to the Florida market. With a focus on a moderate number of higher-value loans, it provides a reliable option for businesses with significant financing needs.

3. Wells Fargo

Despite being a national bank, Wells Fargo maintains a significant presence in Florida’s SBA lending landscape. Businesses should exercise caution due to the higher average interest rate associated with relatively smaller loan amounts.

4. Newtek Small Business Finance

Newtek Small Business Finance, though based in New York, actively participates in Florida’s business community. With a focus on a moderate number of high-value loans, it provides a reliable option for businesses with substantial financing needs.

5. The Huntington National Bank

Operating on a national scale, The Huntington National Bank offers a significant number of SBA loans in Florida. Striking a balance between loan quantity and size, it caters to businesses with varying financial needs at a competitive interest rate.

6. Bank of America

As a national banking giant, Bank of America provides a substantial number of SBA loans in Florida. With a focus on moderate loan amounts and an exceptionally low average interest rate, it offers an attractive financing option for businesses.

7. BancorpSouth Bank

BancorpSouth Bank, though based in Mississippi, actively contributes to Florida’s SBA lending landscape. Striking a balance between loan quantity and size, it caters to businesses seeking moderate financing with a competitive interest rate.

8. Readycap Lending, LLC

Readycap Lending, based in New Jersey, actively engages in Florida’s SBA lending market. With a focus on a moderate number of loans and a competitive average interest rate, it offers a reliable option for businesses seeking accessible financing.

9. Live Oak

Live Oak, headquartered in North Carolina, stands out for its focus on a moderate number of high-value loans in Florida. With an exceptionally high average loan amount and a competitive interest rate, it caters to businesses with significant financial requirements.

10. United Midwest Savings Bank

United Midwest Savings Bank, though based in Ohio, actively participates in Florida’s SBA lending sector. With a focus on a moderate number of loans and a competitive interest rate, it provides a reliable option for businesses seeking accessible financing.

In conclusion, Florida businesses have a diverse array of SBA lending options, ranging from local institutions to nationally recognized banks. Entrepreneurs should carefully consider factors such as the lender’s approach to accessibility, loan size, and interest rates to make informed decisions that align with their business objectives. Whether seeking smaller, more accessible loans or substantial financial support, these top SBA lenders offer valuable resources to navigate the dynamic business environment in the Sunshine State.

Top Industries for SBA loans in Florida

RankIndustry# of Loans Avg Loan Avg Interest
1Full-Service Restaurants118 $806,311 7.6%
2Limited-Service Restaurants81 $539,946 6.9%
3Fitness and Recreational Sports Centers60 $473,000 7.1%
4General Freight Trucking, Long Distance, Truckload58 $170,743 9.4%
5Insurance Agencies and Brokerages56 $511,814 7.0%
6All Other Specialty Trade Contractors54 $726,080 7.5%
7Landscaping Services53 $601,860 7.6%
8Plumbing, Heating, and Air-Conditioning Contractors53 $597,566 7.2%
9Child Day Care Services52 $967,485 7.2%
10Residential Remodelers50 $245,738 8.3%
11Offices of Physicians (except Mental Health Specialists)43 $1,037,877 7.0%
12Offices of Chiropractors42 $432,162 6.8%
13Offices of Lawyers41 $285,812 7.7%
14All Other Personal Services40 $179,220 8.8%
15Electrical Contractors37 $439,884 7.6%
16Snack and Nonalcoholic Beverage Bars36 $581,689 7.2%
17Janitorial Services34 $273,479 8.4%
18General Freight Trucking, Local34 $272,653 8.8%
19General Automotive Repair32 $401,425 8.0%
20Home Health Care Services31 $573,942 8.0%
21Offices of Dentists29 $984,579 6.1%
22Other Personal Care Services28 $438,182 7.7%
23Roofing Contractors28 $845,768 7.2%
24Veterinary Services27 $1,132,815 6.4%
25Offices of All Other Miscellaneous Health Practitioners27 $466,641 8.5%
26Pet Care (except Veterinary) Services25 $1,027,860 7.0%
27Hotels (except Casino Hotels) and Motels25 $2,746,796 6.3%
28Beauty Salons24 $305,913 7.8%
29Offices of Real Estate Agents and Brokers23 $437,513 8.6%
30Offices of Physical, Occupational and Speech Therapists, and Audiologi22 $243,059 7.8%
31Used Car Dealers21 $597,652 8.3%
32Residential Property Managers21 $223,595 7.5%
33Administrative Management and General Management Consulting Services21 $121,471 9.2%
34Freight Transportation Arrangement20 $466,855 8.2%
35Other Accounting Services20 $247,810 7.6%
36New Single-Family Housing Construction (except Operative Builders)20 $594,355 8.1%
37Private Mail Centers20 $434,840 7.6%
38Electronic Shopping and Mail-Order Houses19 $197,553 8.2%
39Offices of Mental Health Practitioners (except Physicians)19 $305,153 6.9%
40Homes for the Elderly18 $1,407,794 7.0%

Top SBA Loan Franchises in Florida

RankFranchiseName# of Loans Avg Loan Avg Interest
1The UPS Store19 $454,832 7.6%
2Crumbl6 $1,150,317 6.9%
3Maid Rite4 $132,500 7.1%
4All Dry4 $202,250 7.3%
5Koala Insulation4 $138,500 6.4%
6Sam the Concrete Man4 $150,000 6.1%
7Crumbl4 $488,475 6.0%
8Real Property Management4 $150,000 7.3%
9The Joint…The Chiropractic P4 $249,000 5.8%
10Hotworx4 $427,175 7.4%
11Quality Inn3 $4,070,000 6.2%
12FYZICAL3 $344,500 7.0%
13Baymont Inn & Suites3 $2,723,333 7.3%
14Right at Home3 $816,667 7.5%
15Nurse Next Door3 $204,200 9.5%
16PuroClean3 $188,333 6.4%
17Christian Brothers Automotive3 $315,433 5.3%
18iTrip Vacations3 $272,000 9.1%
19Sweat4403 $469,667 6.3%
20Tropical Smoothie Cafe3 $333,433 6.0%
21Smoothie King3 $443,000 6.7%
22Primrose Schools3 $1,995,767 8.9%
23Mr. Electric3 $183,333 6.8%
24Mighty Dog Roofing3 $355,767 7.4%
25Burn Boot Camp3 $326,100 6.5%
26Crumbl3 $734,333 8.8%
27Fit Body Boot Camp3 $182,333 5.6%
28College Hunks Hauling Junk3 $749,067 6.9%
29Nothing Bundt Cakes3 $514,000 7.2%
30JDog Junk Removal & Hauling2 $150,000 6.3%
31Junk Shot2 $150,000 9.0%
32ASP – America’s Swimming Pool2 $956,700 6.8%
33Comfort Keepers2 $900,000 5.9%
34IM=X2 $121,000 8.3%
35ELLIANOS COFFEE COMPANY2 $843,000 8.4%
36Mosquito Squad2 $980,500 6.8%
37Ellie Mental Health2 $121,250 8.8%
38Scooter’s Coffee2 $1,387,500 6.9%
39360 Painting2 $150,000 8.3%
40Color World Housepainting2 $150,000 9.0%

Top Florida SBA Loan Borrowers by Jobs Supported

RankBusinessLocationIndustry Loan Size Interest Rate Jobs
1PARTNERS IN SENIOR CARE LLCDaytona Beach, FLHome Health Care Services $1M – $2.5M 5.9%285
2RIGHT AT HOMEJacksonville, FLHome Health Care Services $500K – $1M 8.4%250
3COMPASS SURVEYING INC.West Palm Beach, FLSurveying and Mapping (except Geophysical) Services $2.5M – $5M 9.0%202
4GULF COAST HOME HEALTH CARE INaples, FLServices for the Elderly and Persons with Disabilities $2.5M – $5M 5.8%201
5EMILAN. COMiami, FLMiscellaneous Financial Investment Activities $250K – $500K 7.5%200
6SOUTH BAY LUBE INCOrlando, FLAutomotive Oil Change and Lubrication Shops $500K – $1M 7.3%200
7VO HOSPITALITY LLCOrlando, FLFull-Service Restaurants $1M – $2.5M 8.3%180
8OKY PROPERTY MANAGEMENT SERVICJacksonville, FLEmployment Placement Agencies $1M – $2.5M 3.0%176
9COMFORT KEEPERSPensacola, FLServices for the Elderly and Persons with Disabilities $500K – $1M 5.9%174
10HUGHES TRIM LLCOrlando, FLOther Building Finishing Contractors $2.5M – $5M 8.6%172
11MEAT MARKET BOCA RATON LLCBoca Raton, FLFull-Service Restaurants $1M – $2.5M 9.0%154
12URBAN PRIME FOODS LLCMelbourne, FL $2.5M – $5M 6.8%150
134108 GUNN HWY LLCTampa, FLCaterers $1M – $2.5M 6.3%134
14MSWSTAFFING LLCFort Lauderdale, FLEmployment Placement Agencies $1M – $2.5M 6.3%132
15DUCK DUCK ROOTER LLCJacksonville, FLSeptic Tank and Related Services $500K – $1M 8.4%130
16ANDERSEN NURSERY FARM INCHomestead, FLNursery and Tree Production $1M – $2.5M 7.5%130
17WEST CONSTRUCTION INC.Lantana, FLCommercial and Institutional Building Construction $2.5M – $5M 9.0%126
18TRI-COUNTY SWEEPING SERVICESDavie, FLOther Services to Buildings and Dwellings $500K – $1M 6.8%125
19NAPLES FLATS LLCNaples, FLFull-Service Restaurants $500K – $1M 8.5%124
20JACKSONVILLE MOVING INC.Jacksonville, FLUsed Household and Office Goods Moving $1M – $2.5M 8.3%122
21VOODOO BAYOU LAS OLAS LLCFort Lauderdale, FLFull-Service Restaurants $2.5M – $5M 6.0%120
22KANPAIBoca Raton, FLFull-Service Restaurants $1M – $2.5M 9.0%115
23REVOLUTION BRANDS INTERNATIONAMedley, FLMotor Vehicle Electrical and Electronic Equipment Manufacturing $2.5M – $5M 8.3%115
24CENTRAL FLORIDA FIREARMS LLCMelbourne, FLSmall Arms Manufacturing $2.5M – $5M 5.8%112
25CHARLEY’S PHILLY STEAKSCoral Springs, FLLimited-Service Restaurants $500K – $1M 6.0%111
26MH GROUP LLCMiami, FLLimited-Service Restaurants $1M – $2.5M 8.3%109
27PINNACLE SECURITY ACCESS SOLUTSarasota, FLSecurity Guards and Patrol Services $250K or less 7.5%104
28MAXIMUS GLOBAL SERVICES LLCDoral, FLOther Airport Operations $250K – $500K 6.0%101
29IDEAL NUTRITION LLCWest Palm Beach, FLAll Other Specialty Food Stores $1M – $2.5M 6.3%101
30MILAN WELDING & FABRICATION LLMerritt Island, FLWelding and Soldering Equipment Manufacturing $250K or less 9.4%100
31REX GRYPHON LLCBoca Raton, FLAll Other Professional, Scientific, and Technical Services $250K or less 9.0%100
32ICEBOX CAFMiami Beach, FLFull-Service Restaurants $250K or less 6.0%100
33POWERS DEVELOPMENT GROUP INC.Jacksonville, FLSite Preparation Contractors $250K – $500K 7.0%100
34ONE FAT FROG INCORPORATEDOrlando, FLTruck Trailer Manufacturing $1M – $2.5M 9.3%100
35MAD PROPERTY HOLDINGS LLCDania Beach, FLOther Activities Related to Real Estate $1M – $2.5M 4.2%100
36TWG RESTAURANTS LLCPalm City, FLFull-Service Restaurants $2.5M – $5M 9.8%100
37NYPP PROPERTIES LLCFort Myers, FLFull-Service Restaurants $2.5M – $5M 6.3%100
38ROLA AMERICA L.L.C.West Palm Beach, FLHome Health Care Services $250K – $500K 6.3%99
39FLORIDA KIDS THERAPY ASSOCIATECutler Bay, FLOffices of Physical, Occupational and Speech Therapists, and Audiologi $250K or less 6.3%97
40TITAN BUILDING SUPPLY HOLDINGSLongwood, FLLumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers $1M – $2.5M 6.3%96
41THE HIVE BAR & GRILLLake Worth, FLFull-Service Restaurants $1M – $2.5M 9.3%95
42FREEDOM ADVENTURES HOLDINGS LLWest Palm Beach, FLMarinas $1M – $2.5M 9.3%93
43OATA LLCOrlando, FLOther Miscellaneous Durable Goods Merchant Wholesalers $1M – $2.5M 5.4%92
44ALLIANCE TOWN LLCTampa, FLOther Electronic Parts and Equipment Merchant Wholesalers $1M – $2.5M 6.8%92
45LIGHTC RESTAURANTS LLCPinellas Park, FLLimited-Service Restaurants $250K or less 6.3%90
46ANR LOGISTICS LLCLakeland, FLGeneral Freight Trucking, Local $250K or less 7.9%90
47KIDSPOTPalmetto, FLOffices of Physical, Occupational and Speech Therapists, and Audiologi $250K – $500K 6.0%86
48INKABAP INCLauderhill, FL $1M – $2.5M 5.0%85
49FORMICA PRINT SOLUTIONS LLCClearwater, FL $500K – $1M 6.5%84
50FORTU ST PETE LLCSaint Petersburg, FLFull-Service Restaurants $500K – $1M 6.8%84
51WILSON & GIRGENTI P.A.Tampa, FLEngineering Services $1M – $2.5M 6.0%83
52JOLLY ROGER’S HOSPITALITY GROUTierra Verde, FLFull-Service Restaurants $250K or less 5.5%80
53EZ CHOICE HOME SERVICES LLCApopka, FLPlumbing, Heating, and Air-Conditioning Contractors $250K – $500K 2.8%80
54JKCI VALRICO CORPORATIONDaytona Beach, FLConfectionery and Nut Stores $250K – $500K 6.0%80
55CRUMBL – GULF BREEZEGulf Breeze, FLRetail Bakeries $500K – $1M 7.5%80
56SWEET DELIGHTS OF INVERNESS INInverness, FLLimited-Service Restaurants $500K – $1M 5.5%80
57GLOBAL SECURITYFort Myers, FLSecurity Guards and Patrol Services $1M – $2.5M 8.3%80
58ABLE LINEN LLCOrlando, FLLinen Supply $1M – $2.5M 9.3%80
59GREENSCAPE DESIGN PBC LLCLake Worth, FLLandscaping Services $2.5M – $5M 7.0%80
60MERDZIC CAPITAL LLCJacksonville, FLGeneral Freight Trucking, Local $2.5M – $5M 5.3%80
61BB’S RESTAURANT GROUP LLCJacksonville, FLFull-Service Restaurants $1M – $2.5M 5.8%78
62ET CIVIL INC.North Venice, FLSite Preparation Contractors $2.5M – $5M 10.0%77
63BUCKEYE PIZZA MANDARIN LLCJacksonville, FLLimited-Service Restaurants $500K – $1M 5.8%76
64CULVER’S OF LUTZLutz, FLLimited-Service Restaurants $2.5M – $5M 6.5%76
65413 HOSPITALTIY GROUP INCLakeland, FLFull-Service Restaurants $250K – $500K 8.3%75
66PATRIOT POWER AND EMERGENCY SERiverview, FLPower and Communication Line and Related Structures Construction $500K – $1M 8.5%75
67ALASO U.S.A. CORP.Lakeland, FLFarm Machinery and Equipment Manufacturing $1M – $2.5M 6.4%74
68MAIN LINE GROUP LLCLongwood, FLElectrical Contractors $1M – $2.5M 6.3%74
69AMS TRADING INC.Pompano Beach, FLRemediation Services $1M – $2.5M 7.0%73
70WORLD CLASS ACADEMY – OKEECHOBOkeechobee, FLChild Day Care Services $250K or less 6.0%72
71FLADT-HHII LLCSarasota, FLHome Health Care Services $250K – $500K 5.8%72
72CRUMBL – JUPITERJupiter, FLSnack and Nonalcoholic Beverage Bars $250K – $500K 8.3%72
73CRUMBL – STUARTStuart, FLSnack and Nonalcoholic Beverage Bars $250K – $500K 8.3%72
74FAMILY FIRST ADOLESCENT SERVICNorth Palm Beach, FLResidential Mental Health and Substance Abuse Facilities $1M – $2.5M 6.5%72
75LIGHTING BEHAVIOR SERVICES LLCMiami Lakes, FLOffices of Mental Health Practitioners (except Physicians) $250K or less 10.0%70
76CEDAR RIVER SEAFOOD CRYSTAL RICallahan, FLFull-Service Restaurants $250K – $500K 6.3%70
77SAI OF JACKSONVILLE LLCOrange Park, FLLimited-Service Restaurants $250K – $500K 5.3%70
78CEDAR RIVER SEAFOOD & OYSTER BCallahan, FLFull-Service Restaurants $500K – $1M 9.0%70
79CORE HOME SECURITYBoca Raton, FLSecurity Systems Services (except Locksmiths) $1M – $2.5M 10.0%70
80TIGGERLILLY2 LLCMelbourne, FLFull-Service Restaurants $1M – $2.5M 6.0%70
81SOUTHERN EQUIPMENT CORPORATIONTampa, FLPlumbing, Heating, and Air-Conditioning Contractors $2.5M – $5M 5.5%70
82ARA GLOBAL GROUP INC.Hialeah, FLOther Electronic Parts and Equipment Merchant Wholesalers $2.5M – $5M 5.0%70
83SWEETWELL ENTERPRISES LLCWest Palm Beach, FLLimited-Service Restaurants $250K – $500K 6.0%68
84ADVANCED RECREATIONAL CONCEPTSMelbourne, FLAll Other Specialty Trade Contractors $1M – $2.5M 8.3%68
85PSCC EARLY CARE & EDUCATION LLTampa, FLChild Day Care Services $1M – $2.5M 8.8%68
86ZEIGLER CONCRETE REINFORCINGOrlando, FLStructural Steel and Precast Concrete Contractors $500K – $1M 6.3%67
87GENXC ENGINEERINGMiami, FLOther Scientific and Technical Consulting Services $1M – $2.5M 9.3%67
88J COMP HOLDINGS SARA LLCSarasota, FLGeneral Line Grocery Merchant Wholesalers $1M – $2.5M 5.8%66
89INTEGRATED DOCUMENT SOLUTIONSAventura, FLCustom Computer Programming Services $1M – $2.5M 8.3%66
90URBAN AIR PORT RICHEYPort Richey, FLAll Other Amusement and Recreation Industries $2.5M – $5M 5.8%66
91PROVEN SOLUTIONS LLCNorth Fort Myers, FLAll Other Professional, Scientific, and Technical Services $250K or less 6.0%64
92JCPC HOLDINGS LLCDavie, FLPlumbing, Heating, and Air-Conditioning Contractors $1M – $2.5M 4.4%64
93MEDICAL TRANSPORT SOLUTIONS IHialeah, FLAmbulance Services $500K – $1M 9.3%63
94SWEET BE LLCNaples, FLSnack and Nonalcoholic Beverage Bars $250K – $500K 5.8%62
95JACKSONWEST LLCOdessa, FLRoofing Contractors $1M – $2.5M 5.3%62
96KASE BLUE ROOF PROPERTIES LLCLoxahatchee, FLPet Care (except Veterinary) Services $2.5M – $5M 5.9%62
97PREMIER PERFORMANCE INTERIORSSarasota, FLTextile Bag and Canvas Mills $2.5M – $5M 6.5%62
98THE DRUNKEN MULLET OF HERNANDOHernando Beach, FLFull-Service Restaurants $500K – $1M 7.5%61
99JET SQUARED INCWilliston, FLPainting and Wall Covering Contractors $250K or less 9.8%60
100DRIFTWOOD BAY CONCEPTS INC.Saint Petersburg, FLFull-Service Restaurants $250K – $500K 9.0%60

Note about SBA lenders near me in Florida

When it comes to top Florida SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Florida preferred lender list, 2) approved lenders in Florida, or 3) active participants in the Florida SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Florida swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Arizona, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.