States › Florida › Hernando County
County32nd of 67 in Florida by approvalsFIPS 12053
SBA loans in Hernando 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 129 loans to businesses in Hernando County, Florida, in FY2021 to FY2025, worth $74.2M: 112 under 7(a) and 17 under 504.
That is 33.3 approvals per 1,000 business establishments (3,874 establishments in 2023), below the Florida figure of 41.6 and below the national 41.0.
It ranks 32nd of 67 Florida counties with approvals. In FY2025 there were 36, up 24% on FY2024.
38 lenders had approvals here; the most active were BayFirst National Bank (15), Florida Business Development Corporation (13) and United Midwest Savings Bank National Association (8). 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 Hernando County
By number of approvals to businesses in the county, FY2021–FY2025; 38 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | BayFirst National BankSaint Petersburg, FL | 15 | $2.4M | 11.6% | |
| 2 | Florida Business Development CorporationTampa, FL · CDC | 13 | $8.0M | 10.1% | |
| 3 | United Midwest Savings Bank National AssociationDe Graff, OH | 8 | $3.2M | 6.2% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 8 | $3.0M | 6.2% | |
| 5 | The Huntington National BankColumbus, OH | 7 | $2.6M | 5.4% | |
| 6 | TD Bank, National AssociationWilmington, DE | 7 | $646K | 5.4% | |
| 7 | Northeast BankLewiston, ME | 6 | $810K | 4.7% | |
| 8 | Bank of America, National AssociationCharlotte, NC | 5 | $1.1M | 3.9% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 5 | $885K | 3.9% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $6.1M | 3.1% | |
| 11 | Midwest Regional BankFestus, MO | 4 | $4.7M | 3.1% | |
| 12 | Lendistry SBLC, LLCLos Angeles, CA | 4 | $505K | 3.1% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 3 | $8.2M | 2.3% | |
| 14 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 3 | $3.4M | 2.3% | |
| 15 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $1.6M | 2.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 8.5% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 8 | 6.2% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 8 | 6.2% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 8 | 6.2% | |
| 5 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 6 | 4.7% | |
| 6 | Business Support ServicesNAICS 5614 | 5 | 3.9% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 5 | 3.9% | |
| 8 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 4 | 3.1% | |
| 9 | Personal Care ServicesNAICS 8121 | 4 | 3.1% | |
| 10 | Other Motor Vehicle DealersNAICS 4412 | 4 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 20 | 15.5% | |
| 2 | Health Care and Social Assistance | 18 | 14.0% | |
| 3 | Retail Trade | 17 | 13.2% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 15 | 11.6% | |
| 5 | Construction | 14 | 10.9% | |
| 6 | Accommodation and Food Services | 13 | 10.1% | |
| 7 | Transportation and Warehousing | 8 | 6.2% | |
| 8 | Professional, Scientific, and Technical Services | 6 | 4.7% |
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* | 20 | $10.1M | $288K | 1 | — | 21 | 219 |
| FY2025 | 31 | $10.2M | $150K | 5 | $4.5M | 36 | 247 |
| FY2024 | 27 | $14.4M | $150K | 2 | — | 29 | 305 |
| FY2023 | 20 | $10.9M | $175K | 4 | $2.9M | 24 | 211 |
| FY2022 | 10 | $3.1M | $176K | 3 | $1.9M | 13 | 198 |
| FY2021 | 24 | $23.0M | $495K | 3 | $2.3M | 27 | 336 |
| FY2020 | 11 | $5.3M | $425K | 0 | — | 11 | 123 |
| FY2019 | 12 | $4.9M | $329K | 3 | $2.2M | 15 | 92 |
| FY2018 | 15 | $10.0M | $260K | 1 | — | 16 | 180 |
| FY2017 | 21 | $12.3M | $300K | 2 | — | 23 | 323 |
| FY2016 | 12 | $8.7M | $537K | 3 | $1.4M | 15 | 119 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 80 approvals.
Against Florida and the country
| FY2021–FY2025 | Hernando County | Florida | United States |
|---|---|---|---|
| Approvals | 129 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 33.3 | 41.6 | 41.0 |
| Median 7(a) approval | $150K | $240K | $190K |
| Median 504 approval | $497K | $624K | $657K |
| Average approval | $575K | $609K | $573K |
| 504 share of approvals | 13.2% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 10.1 | 10.4 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less16.3%21
- $50,001 to $150,00031.0%40
- $150,001 to $350,00012.4%16
- $350,001 to $1 million26.4%34
- $1 million to $2 million7.8%10
- Over $2 million6.2%8
Age of the businesses
- Existing, more than 2 years old59.7%77
- New business, 2 years or less15.5%20
- Startup, loan funds will open the business13.2%17
- Change of ownership11.6%15
Questions and answers
Which lenders make the most SBA loans in Hernando County?
By approvals in FY2021 to FY2025: BayFirst National Bank (15), Florida Business Development Corporation (13), United Midwest Savings Bank National Association (8), Newtek Bank, National Association (8), The Huntington National Bank (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hernando County?
The median 7(a) approval was $150K and the median 504 approval $497K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Hernando County?
Restaurants and Other Eating Places (11); Automotive Repair and Maintenance (8); Offices of Other Health Practitioners (8); Services to Buildings and Dwellings (8); Foundation, Structure, and Building Exterior Contractors (6).
Is SBA lending in Hernando County rising?
Approvals in the three latest complete fiscal years total 89, against 51 in the three before: rising (+75%).
How does Hernando County compare with the rest of Florida?
33.3 approvals per 1,000 establishments against 41.6 statewide, and 129 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