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County1st of 67 in Florida by approvalsFIPS 12086
SBA loans in Miami-Dade 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 Miami-Dade County, Florida, received 5,138 SBA loan approvals worth $2.52bn in FY2021 to FY2025 (4,485 7(a), 653 504).
That is 52.2 approvals per 1,000 business establishments (98,394 establishments in 2023), above the Florida figure of 41.6 and above the national 41.0.
It ranks 1st of 67 Florida counties with approvals. In FY2025 there were 1,364, about level with FY2024.
154 lenders had approvals here; the most active were TD Bank, National Association (1,192), Florida Business Development Corporation (372) and Newtek Bank, National Association (326). 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 Miami-Dade County
By number of approvals to businesses in the county, FY2021–FY2025; 154 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 1,192 | $192M | 23.2% | |
| 2 | Florida Business Development CorporationTampa, FL · CDC | 372 | $353M | 7.2% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 326 | $150M | 6.3% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 276 | $21.5M | 5.4% | |
| 5 | Bank of America, National AssociationCharlotte, NC | 268 | $97.3M | 5.2% | |
| 6 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 265 | $334M | 5.2% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 252 | $68.7M | 4.9% | |
| 8 | JPMorgan Chase Bank, National AssociationColumbus, OH | 234 | $47.5M | 4.6% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 229 | $43.4M | 4.5% | |
| 10 | Northeast BankLewiston, ME | 197 | $32.7M | 3.8% | |
| 11 | The Huntington National BankColumbus, OH | 151 | $44.9M | 2.9% | |
| 12 | SouthState Bank, National AssociationWinter Haven, FL | 86 | $28.1M | 1.7% | |
| 13 | Newtek Small Business Finance, Inc.Lake Success, NY | 82 | $55.3M | 1.6% | |
| 14 | Banesco USAMiami, FL | 65 | $35.8M | 1.3% | |
| 15 | City National Bank of FloridaMiami, FL | 63 | $42.4M | 1.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 191 | 3.7% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 167 | 3.3% | |
| 3 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 165 | 3.2% | |
| 4 | General Freight TruckingNAICS 4841 | 164 | 3.2% | |
| 5 | Personal Care ServicesNAICS 8121 | 139 | 2.7% | |
| 6 | Grocery and Related Product Merchant WholesalersNAICS 4244 | 135 | 2.6% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 131 | 2.5% | |
| 8 | Residential Building ConstructionNAICS 2361 | 131 | 2.5% | |
| 9 | Offices of PhysiciansNAICS 6211 | 117 | 2.3% | |
| 10 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 103 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Wholesale Trade | 740 | 14.4% | |
| 2 | Professional, Scientific, and Technical Services | 665 | 12.9% | |
| 3 | Construction | 527 | 10.3% | |
| 4 | Health Care and Social Assistance | 526 | 10.2% | |
| 5 | Retail Trade | 515 | 10.0% | |
| 6 | Other Services (except Public Administration) | 448 | 8.7% | |
| 7 | Transportation and Warehousing | 397 | 7.7% | |
| 8 | Manufacturing | 310 | 6.0% |
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* | 589 | $228M | $200K | 77 | $100M | 666 | 5,397 |
| FY2025 | 1,246 | $483M | $150K | 118 | $126M | 1,364 | 10,653 |
| FY2024 | 1,175 | $471M | $150K | 133 | $171M | 1,308 | 11,210 |
| FY2023 | 1,070 | $353M | $150K | 104 | $126M | 1,174 | 9,509 |
| FY2022 | 557 | $237M | $130K | 132 | $130M | 689 | 5,450 |
| FY2021 | 437 | $283M | $170K | 166 | $144M | 603 | 4,739 |
| FY2020 | 403 | $215M | $100K | 133 | $120M | 536 | 3,730 |
| FY2019 | 596 | $210M | $100K | 76 | $59.1M | 672 | 4,460 |
| FY2018 | 706 | $232M | $100K | 91 | $82.2M | 797 | 5,629 |
| FY2017 | 584 | $199M | $100K | 62 | $43.9M | 646 | 4,691 |
| FY2016 | 460 | $167M | $75K | 81 | $61.2M | 541 | 3,265 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 3,192 approvals.
Against Florida and the country
| FY2021–FY2025 | Miami-Dade County | Florida | United States |
|---|---|---|---|
| Approvals | 5,138 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 52.2 | 41.6 | 41.0 |
| Median 7(a) approval | $150K | $240K | $190K |
| Median 504 approval | $669K | $624K | $657K |
| Average approval | $491K | $609K | $573K |
| 504 share of approvals | 12.7% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 8.1 | 10.4 | 10.5 |
| Share of state approvals | 19.1% | 100.0% | — |
Approval sizes
- $50,000 or less22.9%1,179
- $50,001 to $150,00025.8%1,327
- $150,001 to $350,00020.7%1,063
- $350,001 to $1 million17.6%905
- $1 million to $2 million7.0%358
- Over $2 million6.0%306
Age of the businesses
- Existing, more than 2 years old77.7%3,993
- New business, 2 years or less13.7%703
- Startup, loan funds will open the business5.6%286
- Change of ownership2.9%149
- Not answered0.1%7
Questions and answers
Which lenders make the most SBA loans in Miami-Dade County?
By approvals in FY2021 to FY2025: TD Bank, National Association (1,192), Florida Business Development Corporation (372), Newtek Bank, National Association (326), Wells Fargo Bank National Association (276), Bank of America, National Association (268). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Miami-Dade County?
The median 7(a) approval was $150K and the median 504 approval $669K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Miami-Dade County?
Restaurants and Other Eating Places (191); Offices of Other Health Practitioners (167); Management, Scientific, and Technical Consulting Services (165); General Freight Trucking (164); Personal Care Services (139).
Is SBA lending in Miami-Dade County rising?
Approvals in the three latest complete fiscal years total 3,846, against 1,828 in the three before: rising (+110%).
How does Miami-Dade County compare with the rest of Florida?
52.2 approvals per 1,000 establishments against 41.6 statewide, and 5,138 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