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County2nd of 67 in Florida by approvalsFIPS 12011
SBA loans in Broward County, Florida
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 3,061 loans to businesses in Broward County, Florida, in FY2021 to FY2025, worth $1.68bn: 2,746 under 7(a) and 315 under 504.
That is 44.9 approvals per 1,000 business establishments (68,191 establishments in 2023), close to the Florida figure of 41.6 and close to the national 41.0.
It ranks 2nd of 67 Florida counties with approvals. In FY2025 there were 827, about level with FY2024.
138 lenders had approvals here; the most active were TD Bank, National Association (496), Newtek Bank, National Association (192) and Readycap Lending, LLC (167). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Broward County
By number of approvals to businesses in the county, FY2021–FY2025; 138 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 496 | $69.1M | 16.2% | |
| 2 | Newtek Bank, National AssociationMiami, FL | 192 | $89.3M | 6.3% | |
| 3 | Readycap Lending, LLCBerkeley Heights, NJ | 167 | $45.1M | 5.5% | |
| 4 | Florida Business Development CorporationTampa, FL · CDC | 153 | $155M | 5.0% | |
| 5 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 146 | $193M | 4.8% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 145 | $17.4M | 4.7% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 144 | $30.7M | 4.7% | |
| 8 | Northeast BankLewiston, ME | 133 | $23.9M | 4.3% | |
| 9 | The Huntington National BankColumbus, OH | 128 | $43.3M | 4.2% | |
| 10 | Bank of America, National AssociationCharlotte, NC | 120 | $50.4M | 3.9% | |
| 11 | JPMorgan Chase Bank, National AssociationColumbus, OH | 113 | $22.5M | 3.7% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 84 | $58.3M | 2.7% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 68 | $89.0M | 2.2% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 50 | $13.7M | 1.6% | |
| 15 | SouthState Bank, National AssociationWinter Haven, FL | 45 | $18.3M | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 171 | 5.6% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 106 | 3.5% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 93 | 3.0% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 91 | 3.0% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 85 | 2.8% | |
| 6 | Residential Building ConstructionNAICS 2361 | 84 | 2.7% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 77 | 2.5% | |
| 8 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 74 | 2.4% | |
| 9 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 73 | 2.4% | |
| 10 | Personal Care ServicesNAICS 8121 | 66 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 407 | 13.3% | |
| 2 | Construction | 405 | 13.2% | |
| 3 | Health Care and Social Assistance | 336 | 11.0% | |
| 4 | Retail Trade | 318 | 10.4% | |
| 5 | Wholesale Trade | 270 | 8.8% | |
| 6 | Other Services (except Public Administration) | 247 | 8.1% | |
| 7 | Accommodation and Food Services | 203 | 6.6% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 195 | 6.4% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 373 | $223M | $245K | 33 | $41.3M | 406 | 4,367 |
| FY2025 | 777 | $343M | $165K | 50 | $57.8M | 827 | 7,198 |
| FY2024 | 743 | $317M | $150K | 50 | $58.2M | 793 | 7,180 |
| FY2023 | 553 | $212M | $150K | 57 | $69.0M | 610 | 5,499 |
| FY2022 | 351 | $182M | $150K | 73 | $85.2M | 424 | 4,931 |
| FY2021 | 322 | $272M | $378K | 85 | $88.5M | 407 | 4,756 |
| FY2020 | 258 | $158M | $178K | 51 | $45.6M | 309 | 3,402 |
| FY2019 | 412 | $159M | $100K | 39 | $36.5M | 451 | 3,366 |
| FY2018 | 419 | $157M | $100K | 28 | $24.0M | 447 | 3,854 |
| FY2017 | 409 | $184M | $114K | 47 | $56.6M | 456 | 3,754 |
| FY2016 | 380 | $168M | $150K | 44 | $28.2M | 424 | 4,016 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 2,087 approvals.
Against Florida and the country
| FY2021–FY2025 | Broward County | Florida | United States |
|---|---|---|---|
| Approvals | 3,061 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 44.9 | 41.6 | 41.0 |
| Median 7(a) approval | $160K | $240K | $190K |
| Median 504 approval | $740K | $624K | $657K |
| Average approval | $550K | $609K | $573K |
| 504 share of approvals | 10.3% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 9.7 | 10.4 | 10.5 |
| Share of state approvals | 11.4% | 100.0% | — |
Approval sizes
- $50,000 or less21.1%647
- $50,001 to $150,00023.7%726
- $150,001 to $350,00018.9%578
- $350,001 to $1 million21.7%663
- $1 million to $2 million8.0%246
- Over $2 million6.6%201
Age of the businesses
- Existing, more than 2 years old68.5%2,098
- New business, 2 years or less14.9%455
- Startup, loan funds will open the business9.8%301
- Change of ownership6.6%202
- Not answered0.2%5
Questions and answers
Which lenders make the most SBA loans in Broward County?
By approvals in FY2021 to FY2025: TD Bank, National Association (496), Newtek Bank, National Association (192), Readycap Lending, LLC (167), Florida Business Development Corporation (153), Florida First Capital Finance Corporation, Inc. (146). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Broward County?
The median 7(a) approval was $160K and the median 504 approval $740K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Broward County?
Restaurants and Other Eating Places (171); Building Equipment Contractors (106); Offices of Other Health Practitioners (93); Management, Scientific, and Technical Consulting Services (91); Services to Buildings and Dwellings (85).
Is SBA lending in Broward County rising?
Approvals in the three latest complete fiscal years total 2,230, against 1,140 in the three before: rising (+96%).
How does Broward County compare with the rest of Florida?
44.9 approvals per 1,000 establishments against 41.6 statewide, and 3,061 of the state's 26,882 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error