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County20th of 67 in Florida by approvalsFIPS 12069
SBA loans in Lake 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 346 loans to businesses in Lake County, Florida, in FY2021 to FY2025, worth $218M: 287 under 7(a) and 59 under 504.
That is 39.1 approvals per 1,000 business establishments (8,849 establishments in 2023), close to the Florida figure of 41.6 and close to the national 41.0.
It ranks 20th of 67 Florida counties with approvals. In FY2025 there were 100, up 27% on FY2024.
76 lenders had approvals here; the most active were Florida Business Development Corporation (30), Florida First Capital Finance Corporation, Inc. (28) and TD Bank, National Association (21). 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 Lake County
By number of approvals to businesses in the county, FY2021–FY2025; 76 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida Business Development CorporationTampa, FL · CDC | 30 | $26.4M | 8.7% | |
| 2 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 28 | $31.7M | 8.1% | |
| 3 | TD Bank, National AssociationWilmington, DE | 21 | $4.1M | 6.1% | |
| 4 | The Huntington National BankColumbus, OH | 20 | $7.1M | 5.8% | |
| 5 | Wells Fargo Bank National AssociationSioux Falls, SD | 19 | $1.6M | 5.5% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 16 | $3.8M | 4.6% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 15 | $2.5M | 4.3% | |
| 8 | Northeast BankLewiston, ME | 14 | $1.4M | 4.0% | |
| 9 | JPMorgan Chase Bank, National AssociationColumbus, OH | 12 | $2.7M | 3.5% | |
| 10 | Fifth Third BankCincinnati, OH | 12 | $2.6M | 3.5% | |
| 11 | SouthState Bank, National AssociationWinter Haven, FL | 10 | $4.2M | 2.9% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 10 | $3.5M | 2.9% | |
| 13 | First Bank of the LakeOsage Beach, MO | 7 | $2.6M | 2.0% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 7 | $1.5M | 2.0% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 7 | $1.5M | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 32 | 9.2% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 17 | 4.9% | |
| 3 | Child Day Care ServicesNAICS 6244 | 16 | 4.6% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 16 | 4.6% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 15 | 4.3% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 15 | 4.3% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 14 | 4.0% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 13 | 3.8% | |
| 9 | Residential Building ConstructionNAICS 2361 | 11 | 3.2% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 10 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 60 | 17.3% | |
| 2 | Health Care and Social Assistance | 58 | 16.8% | |
| 3 | Accommodation and Food Services | 40 | 11.6% | |
| 4 | Retail Trade | 33 | 9.5% | |
| 5 | Professional, Scientific, and Technical Services | 28 | 8.1% | |
| 6 | Other Services (except Public Administration) | 23 | 6.6% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 23 | 6.6% | |
| 8 | Arts, Entertainment, and Recreation | 17 | 4.9% |
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* | 63 | $34.4M | $350K | 8 | $8.2M | 71 | 904 |
| FY2025 | 84 | $36.7M | $165K | 16 | $17.7M | 100 | 868 |
| FY2024 | 66 | $39.4M | $190K | 13 | $20.6M | 79 | 585 |
| FY2023 | 68 | $31.2M | $250K | 14 | $10.4M | 82 | 807 |
| FY2022 | 31 | $21.4M | $200K | 6 | $4.4M | 37 | 336 |
| FY2021 | 38 | $27.2M | $389K | 10 | $9.0M | 48 | 745 |
| FY2020 | 28 | $17.7M | $172K | 5 | $2.1M | 33 | 513 |
| FY2019 | 34 | $17.2M | $243K | 5 | $2.8M | 39 | 403 |
| FY2018 | 42 | $28.9M | $345K | 5 | $3.3M | 47 | 569 |
| FY2017 | 36 | $24.0M | $288K | 5 | $4.7M | 41 | 300 |
| FY2016 | 43 | $18.4M | $252K | 9 | $6.7M | 52 | 678 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 212 approvals.
Against Florida and the country
| FY2021–FY2025 | Lake County | Florida | United States |
|---|---|---|---|
| Approvals | 346 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 39.1 | 41.6 | 41.0 |
| Median 7(a) approval | $250K | $240K | $190K |
| Median 504 approval | $545K | $624K | $657K |
| Average approval | $630K | $609K | $573K |
| 504 share of approvals | 17.1% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 9.7 | 10.4 | 10.5 |
| Share of state approvals | 1.3% | 100.0% | — |
Approval sizes
- $50,000 or less16.8%58
- $50,001 to $150,00018.8%65
- $150,001 to $350,00020.5%71
- $350,001 to $1 million29.2%101
- $1 million to $2 million6.4%22
- Over $2 million8.4%29
Age of the businesses
- Existing, more than 2 years old54.3%188
- New business, 2 years or less16.5%57
- Startup, loan funds will open the business20.8%72
- Change of ownership8.4%29
Questions and answers
Which lenders make the most SBA loans in Lake County?
By approvals in FY2021 to FY2025: Florida Business Development Corporation (30), Florida First Capital Finance Corporation, Inc. (28), TD Bank, National Association (21), The Huntington National Bank (20), Wells Fargo Bank National Association (19). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lake County?
The median 7(a) approval was $250K and the median 504 approval $545K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Lake County?
Restaurants and Other Eating Places (32); Services to Buildings and Dwellings (17); Child Day Care Services (16); Offices of Other Health Practitioners (16); Other Amusement and Recreation Industries (15).
Is SBA lending in Lake County rising?
Approvals in the three latest complete fiscal years total 261, against 118 in the three before: rising (+121%).
How does Lake County compare with the rest of Florida?
39.1 approvals per 1,000 establishments against 41.6 statewide, and 346 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