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County28th of 67 in Florida by approvalsFIPS 12061
SBA loans in Indian River 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 Indian River County, Florida, received 187 SBA loan approvals worth $119M in FY2021 to FY2025 (163 7(a), 24 504).
That is 38.8 approvals per 1,000 business establishments (4,820 establishments in 2023), close to the Florida figure of 41.6 and close to the national 41.0.
It ranks 28th of 67 Florida counties with approvals. In FY2025 there were 53, up 83% on FY2024.
48 lenders had approvals here; the most active were TD Bank, National Association (34), iTHINK Financial Credit Union (19) and Florida First Capital Finance Corporation, Inc. (17). The most common industry was residential building construction.
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 Indian River 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 | 34 | $1.9M | 18.2% | |
| 2 | iTHINK Financial Credit UnionDelray Beach, FL | 19 | $13.3M | 10.2% | |
| 3 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 17 | $10.5M | 9.1% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 8 | $15.3M | 4.3% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 8 | $4.7M | 4.3% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 8 | $1.4M | 4.3% | |
| 7 | Florida Business Development CorporationTampa, FL · CDC | 7 | $8.0M | 3.7% | |
| 8 | SouthState Bank, National AssociationWinter Haven, FL | 7 | $5.3M | 3.7% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 7 | $1.9M | 3.7% | |
| 10 | Northeast BankLewiston, ME | 6 | $646K | 3.2% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 5 | $950K | 2.7% | |
| 12 | First Internet Bank of IndianaFishers, IN | 3 | $4.6M | 1.6% | |
| 13 | Climate First BankSt. Petersburg, FL | 3 | $4.2M | 1.6% | |
| 14 | ELGA Credit UnionGrand Blanc, MI | 3 | $1.7M | 1.6% | |
| 15 | Beacon Bank and TrustBrookline, MA | 3 | $1.4M | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 12 | 6.4% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 10 | 5.3% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 9 | 4.8% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 9 | 4.8% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 8 | 4.3% | |
| 6 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 8 | 4.3% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 3.7% | |
| 8 | Offices of PhysiciansNAICS 6211 | 6 | 3.2% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 6 | 3.2% | |
| 10 | Offices of DentistsNAICS 6212 | 5 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 34 | 18.2% | |
| 2 | Health Care and Social Assistance | 24 | 12.8% | |
| 3 | Retail Trade | 20 | 10.7% | |
| 4 | Professional, Scientific, and Technical Services | 18 | 9.6% | |
| 5 | Accommodation and Food Services | 16 | 8.6% | |
| 6 | Other Services (except Public Administration) | 16 | 8.6% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 13 | 7.0% | |
| 8 | Manufacturing | 9 | 4.8% |
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* | 24 | $18.2M | $150K | 6 | $9.9M | 30 | 319 |
| FY2025 | 48 | $31.6M | $254K | 5 | $6.7M | 53 | 466 |
| FY2024 | 25 | $7.6M | $115K | 4 | $1.9M | 29 | 147 |
| FY2023 | 33 | $10.9M | $100K | 2 | — | 35 | 207 |
| FY2022 | 35 | $24.5M | $345K | 8 | $5.8M | 43 | 525 |
| FY2021 | 22 | $26.1M | $349K | 5 | $2.9M | 27 | 384 |
| FY2020 | 24 | $20.2M | $538K | 2 | — | 26 | 328 |
| FY2019 | 21 | $20.5M | $340K | 2 | — | 23 | 176 |
| FY2018 | 24 | $10.6M | $264K | 0 | — | 24 | 155 |
| FY2017 | 31 | $10.3M | $100K | 0 | — | 31 | 160 |
| FY2016 | 28 | $12.8M | $170K | 5 | $4.1M | 33 | 402 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 137 approvals.
Against Florida and the country
| FY2021–FY2025 | Indian River County | Florida | United States |
|---|---|---|---|
| Approvals | 187 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 38.8 | 41.6 | 41.0 |
| Median 7(a) approval | $200K | $240K | $190K |
| Median 504 approval | $605K | $624K | $657K |
| Average approval | $638K | $609K | $573K |
| 504 share of approvals | 12.8% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 9.2 | 10.4 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less21.4%40
- $50,001 to $150,00020.3%38
- $150,001 to $350,00017.6%33
- $350,001 to $1 million21.4%40
- $1 million to $2 million11.2%21
- Over $2 million8.0%15
Age of the businesses
- Existing, more than 2 years old57.8%108
- New business, 2 years or less15.0%28
- Startup, loan funds will open the business12.8%24
- Change of ownership14.4%27
Questions and answers
Which lenders make the most SBA loans in Indian River County?
By approvals in FY2021 to FY2025: TD Bank, National Association (34), iTHINK Financial Credit Union (19), Florida First Capital Finance Corporation, Inc. (17), Live Oak Banking Company (8), Newtek Bank, National Association (8). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Indian River County?
The median 7(a) approval was $200K and the median 504 approval $605K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Indian River County?
Residential Building Construction (12); Restaurants and Other Eating Places (10); Automotive Repair and Maintenance (9); Services to Buildings and Dwellings (9); Building Equipment Contractors (8).
Is SBA lending in Indian River County rising?
Approvals in the three latest complete fiscal years total 117, against 96 in the three before: rising (+22%).
How does Indian River County compare with the rest of Florida?
38.8 approvals per 1,000 establishments against 41.6 statewide, and 187 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