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County22nd of 67 in Florida by approvalsFIPS 12085
SBA loans in Martin 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 253 loans to businesses in Martin County, Florida, in FY2021 to FY2025, worth $188M: 238 under 7(a) and 15 under 504.
That is 39.5 approvals per 1,000 business establishments (6,400 establishments in 2023), close to the Florida figure of 41.6 and close to the national 41.0.
It ranks 22nd of 67 Florida counties with approvals. In FY2025 there were 71, up 51% on FY2024.
64 lenders had approvals here; the most active were TD Bank, National Association (32), The Huntington National Bank (20) and Newtek Small Business Finance, Inc. (13). 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 Martin County
By number of approvals to businesses in the county, FY2021–FY2025; 64 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 32 | $6.9M | 12.6% | |
| 2 | The Huntington National BankColumbus, OH | 20 | $6.7M | 7.9% | |
| 3 | Newtek Small Business Finance, Inc.Lake Success, NY | 13 | $10.4M | 5.1% | |
| 4 | Seacoast National BankStuart, FL | 12 | $16.4M | 4.7% | |
| 5 | Wells Fargo Bank National AssociationSioux Falls, SD | 11 | $4.3M | 4.3% | |
| 6 | SouthState Bank, National AssociationWinter Haven, FL | 10 | $8.9M | 4.0% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 10 | $5.7M | 4.0% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 10 | $3.8M | 4.0% | |
| 9 | Paradise BankBoca Raton, FL | 9 | $11.3M | 3.6% | |
| 10 | Florida Business Development CorporationTampa, FL · CDC | 8 | $8.7M | 3.2% | |
| 11 | iTHINK Financial Credit UnionDelray Beach, FL | 8 | $7.7M | 3.2% | |
| 12 | Bank of America, National AssociationCharlotte, NC | 7 | $3.0M | 2.8% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 6 | $8.9M | 2.4% | |
| 14 | Northeast BankLewiston, ME | 6 | $670K | 2.4% | |
| 15 | BankUnited, National AssociationMiami Lakes, FL | 5 | $3.0M | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 31 | 12.3% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 15 | 5.9% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 14 | 5.5% | |
| 4 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 14 | 5.5% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 12 | 4.7% | |
| 6 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 10 | 4.0% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 10 | 4.0% | |
| 8 | Offices of PhysiciansNAICS 6211 | 8 | 3.2% | |
| 9 | Legal ServicesNAICS 5411 | 7 | 2.8% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 6 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 50 | 19.8% | |
| 2 | Accommodation and Food Services | 35 | 13.8% | |
| 3 | Professional, Scientific, and Technical Services | 32 | 12.6% | |
| 4 | Health Care and Social Assistance | 31 | 12.3% | |
| 5 | Retail Trade | 22 | 8.7% | |
| 6 | Manufacturing | 20 | 7.9% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 11 | 4.3% | |
| 8 | Other Services (except Public Administration) | 10 | 4.0% |
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* | 36 | $24.1M | $278K | 3 | $8.7M | 39 | 262 |
| FY2025 | 68 | $52.6M | $240K | 3 | $5.2M | 71 | 556 |
| FY2024 | 42 | $20.3M | $235K | 5 | $4.5M | 47 | 660 |
| FY2023 | 56 | $30.8M | $250K | 4 | $4.0M | 60 | 1,356 |
| FY2022 | 40 | $35.9M | $350K | 1 | — | 41 | 549 |
| FY2021 | 32 | $32.5M | $549K | 2 | — | 34 | 783 |
| FY2020 | 29 | $17.6M | $357K | 4 | $4.3M | 33 | 229 |
| FY2019 | 46 | $20.0M | $215K | 3 | $3.3M | 49 | 561 |
| FY2018 | 25 | $12.5M | $200K | 3 | $4.6M | 28 | 253 |
| FY2017 | 42 | $18.3M | $240K | 3 | $3.5M | 45 | 439 |
| FY2016 | 34 | $12.8M | $75K | 6 | $4.9M | 40 | 494 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 195 approvals.
Against Florida and the country
| FY2021–FY2025 | Martin County | Florida | United States |
|---|---|---|---|
| Approvals | 253 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 39.5 | 41.6 | 41.0 |
| Median 7(a) approval | $270K | $240K | $190K |
| Median 504 approval | $485K | $624K | $657K |
| Average approval | $743K | $609K | $573K |
| 504 share of approvals | 5.9% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 15.4 | 10.4 | 10.5 |
| Share of state approvals | 0.9% | 100.0% | — |
Approval sizes
- $50,000 or less15.8%40
- $50,001 to $150,00019.8%50
- $150,001 to $350,00021.3%54
- $350,001 to $1 million21.7%55
- $1 million to $2 million10.3%26
- Over $2 million11.1%28
Age of the businesses
- Existing, more than 2 years old51.0%129
- New business, 2 years or less13.8%35
- Startup, loan funds will open the business21.3%54
- Change of ownership13.4%34
- Not answered0.4%1
Questions and answers
Which lenders make the most SBA loans in Martin County?
By approvals in FY2021 to FY2025: TD Bank, National Association (32), The Huntington National Bank (20), Newtek Small Business Finance, Inc. (13), Seacoast National Bank (12), Wells Fargo Bank National Association (11). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Martin County?
The median 7(a) approval was $270K and the median 504 approval $485K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Martin County?
Restaurants and Other Eating Places (31); Building Equipment Contractors (15); Other Specialty Trade Contractors (14); Foundation, Structure, and Building Exterior Contractors (14); Offices of Other Health Practitioners (12).
Is SBA lending in Martin County rising?
Approvals in the three latest complete fiscal years total 178, against 108 in the three before: rising (+65%).
How does Martin County compare with the rest of Florida?
39.5 approvals per 1,000 establishments against 41.6 statewide, and 253 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