States › Florida › Hillsborough County
County5th of 67 in Florida by approvalsFIPS 12057
SBA loans in Hillsborough 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 Hillsborough County, Florida, received 1,944 SBA loan approvals worth $1.21bn in FY2021 to FY2025 (1,664 7(a), 280 504).
That is 45.2 approvals per 1,000 business establishments (42,977 establishments in 2023), close to the Florida figure of 41.6 and close to the national 41.0.
It ranks 5th of 67 Florida counties with approvals. In FY2025 there were 504, up 18% on FY2024.
140 lenders had approvals here; the most active were The Huntington National Bank (182), Florida Business Development Corporation (171) and TD Bank, National Association (123). 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 Hillsborough County
By number of approvals to businesses in the county, FY2021–FY2025; 140 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 182 | $65.9M | 9.4% | |
| 2 | Florida Business Development CorporationTampa, FL · CDC | 171 | $122M | 8.8% | |
| 3 | TD Bank, National AssociationWilmington, DE | 123 | $15.9M | 6.3% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 104 | $41.0M | 5.3% | |
| 5 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 92 | $97.3M | 4.7% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 90 | $48.9M | 4.6% | |
| 7 | DFCU FinancialDearborn, MI | 70 | $60.0M | 3.6% | |
| 8 | The Bank of TampaTampa, FL | 58 | $54.9M | 3.0% | |
| 9 | Northeast BankLewiston, ME | 54 | $8.1M | 2.8% | |
| 10 | Wells Fargo Bank National AssociationSioux Falls, SD | 52 | $4.7M | 2.7% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 51 | $13.7M | 2.6% | |
| 12 | JPMorgan Chase Bank, National AssociationColumbus, OH | 51 | $11.9M | 2.6% | |
| 13 | Lake Michigan CUGrand Rapids, MI | 46 | $27.6M | 2.4% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 41 | $10.7M | 2.1% | |
| 15 | Live Oak Banking CompanyWilmington, NC | 38 | $57.4M | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 170 | 8.7% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 85 | 4.4% | |
| 3 | Personal Care ServicesNAICS 8121 | 81 | 4.2% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 66 | 3.4% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 56 | 2.9% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 56 | 2.9% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 53 | 2.7% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 52 | 2.7% | |
| 9 | Offices of PhysiciansNAICS 6211 | 52 | 2.7% | |
| 10 | Other Personal ServicesNAICS 8129 | 52 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 264 | 13.6% | |
| 2 | Construction | 231 | 11.9% | |
| 3 | Other Services (except Public Administration) | 227 | 11.7% | |
| 4 | Professional, Scientific, and Technical Services | 220 | 11.3% | |
| 5 | Accommodation and Food Services | 216 | 11.1% | |
| 6 | Retail Trade | 190 | 9.8% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 113 | 5.8% | |
| 8 | Manufacturing | 90 | 4.6% |
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* | 253 | $120M | $250K | 46 | $52.6M | 299 | 2,334 |
| FY2025 | 450 | $249M | $250K | 54 | $60.3M | 504 | 5,139 |
| FY2024 | 374 | $184M | $233K | 53 | $54.0M | 427 | 4,369 |
| FY2023 | 310 | $159M | $250K | 33 | $22.8M | 343 | 4,266 |
| FY2022 | 253 | $166M | $338K | 72 | $55.2M | 325 | 3,654 |
| FY2021 | 277 | $216M | $419K | 68 | $42.3M | 345 | 4,826 |
| FY2020 | 176 | $132M | $350K | 51 | $36.2M | 227 | 2,450 |
| FY2019 | 249 | $132M | $250K | 50 | $48.7M | 299 | 4,265 |
| FY2018 | 270 | $117M | $156K | 47 | $28.5M | 317 | 3,018 |
| FY2017 | 265 | $112M | $250K | 46 | $40.7M | 311 | 3,344 |
| FY2016 | 269 | $134M | $218K | 47 | $31.6M | 316 | 4,612 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 1,470 approvals.
Against Florida and the country
| FY2021–FY2025 | Hillsborough County | Florida | United States |
|---|---|---|---|
| Approvals | 1,944 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 45.2 | 41.6 | 41.0 |
| Median 7(a) approval | $290K | $240K | $190K |
| Median 504 approval | $560K | $624K | $657K |
| Average approval | $621K | $609K | $573K |
| 504 share of approvals | 14.4% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 11.4 | 10.4 | 10.5 |
| Share of state approvals | 7.2% | 100.0% | — |
Approval sizes
- $50,000 or less14.5%281
- $50,001 to $150,00017.1%333
- $150,001 to $350,00024.0%466
- $350,001 to $1 million28.4%553
- $1 million to $2 million9.3%180
- Over $2 million6.7%131
Age of the businesses
- Existing, more than 2 years old56.0%1,089
- New business, 2 years or less15.3%297
- Startup, loan funds will open the business20.2%392
- Change of ownership8.4%164
- Not answered0.1%2
Questions and answers
Which lenders make the most SBA loans in Hillsborough County?
By approvals in FY2021 to FY2025: The Huntington National Bank (182), Florida Business Development Corporation (171), TD Bank, National Association (123), BayFirst National Bank (104), Florida First Capital Finance Corporation, Inc. (92). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hillsborough County?
The median 7(a) approval was $290K and the median 504 approval $560K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Hillsborough County?
Restaurants and Other Eating Places (170); Offices of Other Health Practitioners (85); Personal Care Services (81); Services to Buildings and Dwellings (66); Automotive Repair and Maintenance (56).
Is SBA lending in Hillsborough County rising?
Approvals in the three latest complete fiscal years total 1,274, against 897 in the three before: rising (+42%).
How does Hillsborough County compare with the rest of Florida?
45.2 approvals per 1,000 establishments against 41.6 statewide, and 1,944 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