States › Florida › Nassau County
County34th of 67 in Florida by approvalsFIPS 12089
SBA loans in Nassau 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 108 loans to businesses in Nassau County, Florida, in FY2021 to FY2025, worth $78.4M: 92 under 7(a) and 16 under 504.
That is 47.8 approvals per 1,000 business establishments (2,261 establishments in 2023), close to the Florida figure of 41.6 and above the national 41.0.
It ranks 34th of 67 Florida counties with approvals. In FY2025 there were 19, down 30% on FY2024.
32 lenders had approvals here; the most active were Pineland Bank (26), Florida First Capital Finance Corporation, Inc. (11) and First Port City Bank (10). 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 Nassau County
By number of approvals to businesses in the county, FY2021–FY2025; 32 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pineland BankAlma, GA | 26 | $20.8M | 24.1% | |
| 2 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 11 | $7.1M | 10.2% | |
| 3 | First Port City BankBainbridge, GA | 10 | $7.5M | 9.3% | |
| 4 | The Huntington National BankColumbus, OH | 8 | $2.2M | 7.4% | |
| 5 | TD Bank, National AssociationWilmington, DE | 4 | $1.3M | 3.7% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 4 | $575K | 3.7% | |
| 7 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $70K | 3.7% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 3 | $6.3M | 2.8% | |
| 9 | iTHINK Financial Credit UnionDelray Beach, FL | 3 | $3.0M | 2.8% | |
| 10 | Florida Business Development CorporationTampa, FL · CDC | 3 | $2.8M | 2.8% | |
| 11 | United Community BankGreenville, SC | 3 | $1.7M | 2.8% | |
| 12 | SouthState Bank, National AssociationWinter Haven, FL | 3 | $685K | 2.8% | |
| 13 | BayFirst National BankSaint Petersburg, FL | 3 | $380K | 2.8% | |
| 14 | Midwest Regional BankFestus, MO | 2 | — | 1.9% | |
| 15 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 18 | 16.7% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 9 | 8.3% | |
| 3 | Traveler AccommodationNAICS 7211 | 6 | 5.6% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 5 | 4.6% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 3.7% | |
| 6 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 4 | 3.7% | |
| 7 | Other Miscellaneous RetailersNAICS 4599 | 3 | 2.8% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 2.8% | |
| 9 | Child Day Care ServicesNAICS 6244 | 3 | 2.8% | |
| 10 | Personal Care ServicesNAICS 8121 | 3 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 26 | 24.1% | |
| 2 | Health Care and Social Assistance | 17 | 15.7% | |
| 3 | Retail Trade | 16 | 14.8% | |
| 4 | Construction | 9 | 8.3% | |
| 5 | Professional, Scientific, and Technical Services | 7 | 6.5% | |
| 6 | Other Services (except Public Administration) | 7 | 6.5% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 6 | 5.6% | |
| 8 | Arts, Entertainment, and Recreation | 5 | 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* | 11 | $4.1M | $180K | 2 | — | 13 | 112 |
| FY2025 | 15 | $16.4M | $300K | 4 | $2.7M | 19 | 165 |
| FY2024 | 23 | $13.1M | $300K | 4 | $2.8M | 27 | 212 |
| FY2023 | 7 | $2.0M | $80K | 0 | — | 7 | 76 |
| FY2022 | 22 | $15.9M | $313K | 4 | $3.4M | 26 | 361 |
| FY2021 | 25 | $19.1M | $460K | 4 | $3.1M | 29 | 354 |
| FY2020 | 12 | $6.2M | $398K | 2 | — | 14 | 158 |
| FY2019 | 8 | $8.6M | $512K | 2 | — | 10 | 78 |
| FY2018 | 13 | $6.1M | $192K | 3 | $647K | 16 | 82 |
| FY2017 | 12 | $5.5M | $315K | 4 | $2.8M | 16 | 168 |
| FY2016 | 11 | $5.0M | $188K | 1 | — | 12 | 79 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 68 approvals.
Against Florida and the country
| FY2021–FY2025 | Nassau County | Florida | United States |
|---|---|---|---|
| Approvals | 108 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 47.8 | 41.6 | 41.0 |
| Median 7(a) approval | $345K | $240K | $190K |
| Median 504 approval | $526K | $624K | $657K |
| Average approval | $726K | $609K | $573K |
| 504 share of approvals | 14.8% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 10.8 | 10.4 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less12.0%13
- $50,001 to $150,00011.1%12
- $150,001 to $350,00023.1%25
- $350,001 to $1 million28.7%31
- $1 million to $2 million15.7%17
- Over $2 million9.3%10
Age of the businesses
- Existing, more than 2 years old41.7%45
- New business, 2 years or less16.7%18
- Startup, loan funds will open the business32.4%35
- Change of ownership9.3%10
Questions and answers
Which lenders make the most SBA loans in Nassau County?
By approvals in FY2021 to FY2025: Pineland Bank (26), Florida First Capital Finance Corporation, Inc. (11), First Port City Bank (10), The Huntington National Bank (8), TD Bank, National Association (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Nassau County?
The median 7(a) approval was $345K and the median 504 approval $526K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Nassau County?
Restaurants and Other Eating Places (18); Offices of Other Health Practitioners (9); Traveler Accommodation (6); Services to Buildings and Dwellings (5); Other Amusement and Recreation Industries (4).
Is SBA lending in Nassau County rising?
Approvals in the three latest complete fiscal years total 53, against 69 in the three before: falling (-23%).
How does Nassau County compare with the rest of Florida?
47.8 approvals per 1,000 establishments against 41.6 statewide, and 108 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