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County36th of 67 in Florida by approvalsFIPS 12017
SBA loans in Citrus 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.
Businesses in Citrus County, Florida, received 87 SBA loan approvals worth $59.7M in FY2021 to FY2025 (78 7(a), 9 504).
That is 28.4 approvals per 1,000 business establishments (3,063 establishments in 2023), below the Florida figure of 41.6 and below the national 41.0.
It ranks 36th of 67 Florida counties with approvals. In FY2025 there were 19.
48 lenders had approvals here; the most active were TD Bank, National Association (7), Florida First Capital Finance Corporation, Inc. (5) and SouthState Bank, National Association (5). 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 Citrus County
By number of approvals to businesses in the county, FY2021–FY2025; 48 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 7 | $1.2M | 8.0% | |
| 2 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 5 | $5.1M | 5.7% | |
| 3 | SouthState Bank, National AssociationWinter Haven, FL | 5 | $2.3M | 5.7% | |
| 4 | Florida Business Development CorporationTampa, FL · CDC | 4 | $1.1M | 4.6% | |
| 5 | Midwest Regional BankFestus, MO | 3 | $5.8M | 3.4% | |
| 6 | Centennial BankConway, AR | 3 | $1.5M | 3.4% | |
| 7 | Bank of America, National AssociationCharlotte, NC | 3 | $878K | 3.4% | |
| 8 | Northeast BankLewiston, ME | 3 | $425K | 3.4% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $295K | 3.4% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 3 | $208K | 3.4% | |
| 11 | Truliant FCUWinston-Salem, NC | 2 | — | 2.3% | |
| 12 | Lake Michigan CUGrand Rapids, MI | 2 | — | 2.3% | |
| 13 | Banesco USAMiami, FL | 2 | — | 2.3% | |
| 14 | First Bank of the LakeOsage Beach, MO | 2 | — | 2.3% | |
| 15 | Regions BankBirmingham, AL | 2 | — | 2.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 12 | 13.8% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 5.7% | |
| 3 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 5 | 5.7% | |
| 4 | Offices of PhysiciansNAICS 6211 | 4 | 4.6% | |
| 5 | Offices of DentistsNAICS 6212 | 3 | 3.4% | |
| 6 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 3 | 3.4% | |
| 7 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 3.4% | |
| 8 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 2 | 2.3% | |
| 9 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 2 | 2.3% | |
| 10 | Miscellaneous Nondurable Goods Merchant WholesalersNAICS 4249 | 2 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 18 | 20.7% | |
| 2 | Accommodation and Food Services | 16 | 18.4% | |
| 3 | Health Care and Social Assistance | 13 | 14.9% | |
| 4 | Other Services (except Public Administration) | 9 | 10.3% | |
| 5 | Construction | 8 | 9.2% | |
| 6 | Real Estate and Rental and Leasing | 5 | 5.7% | |
| 7 | Wholesale Trade | 4 | 4.6% | |
| 8 | Manufacturing | 3 | 3.4% |
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* | 12 | $9.4M | $386K | 3 | $1.5M | 15 | 241 |
| FY2025 | 18 | $12.5M | $300K | 1 | — | 19 | 168 |
| FY2024 | 7 | $8.0M | $300K | 1 | — | 8 | 96 |
| FY2023 | 15 | $10.5M | $150K | 1 | — | 16 | 69 |
| FY2022 | 16 | $12.0M | $623K | 4 | $2.4M | 20 | 265 |
| FY2021 | 22 | $10.6M | $400K | 2 | — | 24 | 286 |
| FY2020 | 9 | $10.8M | $1.2M | 2 | — | 11 | 143 |
| FY2019 | 10 | $4.5M | $173K | 0 | — | 10 | 90 |
| FY2018 | 4 | $832K | $155K | 1 | — | 5 | 29 |
| FY2017 | 8 | $2.5M | $139K | 3 | $1.4M | 11 | 59 |
| FY2016 | 9 | $2.5M | $125K | 5 | $1.3M | 14 | 118 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 51 approvals.
Against Florida and the country
| FY2021–FY2025 | Citrus County | Florida | United States |
|---|---|---|---|
| Approvals | 87 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 28.4 | 41.6 | 41.0 |
| Median 7(a) approval | $347K | $240K | $190K |
| Median 504 approval | $396K | $624K | $657K |
| Average approval | $686K | $609K | $573K |
| 504 share of approvals | 10.3% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 10.2 | 10.4 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less9.2%8
- $50,001 to $150,00021.8%19
- $150,001 to $350,00023.0%20
- $350,001 to $1 million20.7%18
- $1 million to $2 million18.4%16
- Over $2 million6.9%6
Age of the businesses
- Existing, more than 2 years old42.5%37
- New business, 2 years or less20.7%18
- Startup, loan funds will open the business20.7%18
- Change of ownership16.1%14
Questions and answers
Which lenders make the most SBA loans in Citrus County?
By approvals in FY2021 to FY2025: TD Bank, National Association (7), Florida First Capital Finance Corporation, Inc. (5), SouthState Bank, National Association (5), Florida Business Development Corporation (4), Midwest Regional Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Citrus County?
The median 7(a) approval was $347K and the median 504 approval $396K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Citrus County?
Restaurants and Other Eating Places (12); Automotive Repair and Maintenance (5); Foundation, Structure, and Building Exterior Contractors (5); Offices of Physicians (4); Offices of Dentists (3).
Is SBA lending in Citrus County rising?
Approvals in the three latest complete fiscal years total 43, against 55 in the three before: falling (-22%).
How does Citrus County compare with the rest of Florida?
28.4 approvals per 1,000 establishments against 41.6 statewide, and 87 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