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County3rd of 67 in Florida by approvalsFIPS 12099
SBA loans in Palm Beach 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 Palm Beach County, Florida, received 2,157 SBA loan approvals worth $1.37bn in FY2021 to FY2025 (1,990 7(a), 167 504).
That is 38.7 approvals per 1,000 business establishments (55,803 establishments in 2023), close to the Florida figure of 41.6 and close to the national 41.0.
It ranks 3rd of 67 Florida counties with approvals. In FY2025 there were 569, about level with FY2024.
137 lenders had approvals here; the most active were TD Bank, National Association (329), The Huntington National Bank (123) and BayFirst National Bank (105). 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 Palm Beach County
By number of approvals to businesses in the county, FY2021–FY2025; 137 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 329 | $32.7M | 15.3% | |
| 2 | The Huntington National BankColumbus, OH | 123 | $44.2M | 5.7% | |
| 3 | BayFirst National BankSaint Petersburg, FL | 105 | $25.8M | 4.9% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 97 | $49.1M | 4.5% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 95 | $31.8M | 4.4% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 90 | $18.9M | 4.2% | |
| 7 | Paradise BankBoca Raton, FL | 89 | $152M | 4.1% | |
| 8 | Northeast BankLewiston, ME | 88 | $13.2M | 4.1% | |
| 9 | Florida Business Development CorporationTampa, FL · CDC | 80 | $93.8M | 3.7% | |
| 10 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 73 | $95.3M | 3.4% | |
| 11 | JPMorgan Chase Bank, National AssociationColumbus, OH | 69 | $11.8M | 3.2% | |
| 12 | Bank of America, National AssociationCharlotte, NC | 60 | $25.4M | 2.8% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 58 | $80.6M | 2.7% | |
| 14 | Newtek Small Business Finance, Inc.Lake Success, NY | 47 | $30.2M | 2.2% | |
| 15 | PNC Bank, National AssociationWilmington, DE | 35 | $16.0M | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 126 | 5.8% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 92 | 4.3% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 85 | 3.9% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 71 | 3.3% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 69 | 3.2% | |
| 6 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 63 | 2.9% | |
| 7 | Personal Care ServicesNAICS 8121 | 62 | 2.9% | |
| 8 | Residential Building ConstructionNAICS 2361 | 61 | 2.8% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 60 | 2.8% | |
| 10 | Child Day Care ServicesNAICS 6244 | 55 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 327 | 15.2% | |
| 2 | Health Care and Social Assistance | 291 | 13.5% | |
| 3 | Professional, Scientific, and Technical Services | 282 | 13.1% | |
| 4 | Other Services (except Public Administration) | 205 | 9.5% | |
| 5 | Retail Trade | 188 | 8.7% | |
| 6 | Accommodation and Food Services | 145 | 6.7% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 130 | 6.0% | |
| 8 | Wholesale Trade | 128 | 5.9% |
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* | 306 | $182M | $275K | 24 | $32.8M | 330 | 3,477 |
| FY2025 | 528 | $291M | $210K | 41 | $45.6M | 569 | 5,191 |
| FY2024 | 554 | $263M | $150K | 29 | $39.2M | 583 | 5,866 |
| FY2023 | 401 | $207M | $150K | 26 | $34.5M | 427 | 5,179 |
| FY2022 | 255 | $168M | $276K | 36 | $37.8M | 291 | 3,017 |
| FY2021 | 252 | $238M | $409K | 35 | $45.4M | 287 | 3,846 |
| FY2020 | 208 | $110M | $250K | 36 | $36.7M | 244 | 2,354 |
| FY2019 | 315 | $127M | $120K | 23 | $14.5M | 338 | 2,188 |
| FY2018 | 366 | $123M | $103K | 20 | $13.8M | 386 | 3,648 |
| FY2017 | 334 | $121M | $123K | 33 | $21.0M | 367 | 3,136 |
| FY2016 | 286 | $134M | $151K | 28 | $23.3M | 314 | 2,465 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 1,649 approvals.
Against Florida and the country
| FY2021–FY2025 | Palm Beach County | Florida | United States |
|---|---|---|---|
| Approvals | 2,157 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 38.7 | 41.6 | 41.0 |
| Median 7(a) approval | $213K | $240K | $190K |
| Median 504 approval | $838K | $624K | $657K |
| Average approval | $635K | $609K | $573K |
| 504 share of approvals | 7.7% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 10.7 | 10.4 | 10.5 |
| Share of state approvals | 8.0% | 100.0% | — |
Approval sizes
- $50,000 or less20.9%450
- $50,001 to $150,00021.8%470
- $150,001 to $350,00018.2%393
- $350,001 to $1 million21.2%457
- $1 million to $2 million9.5%205
- Over $2 million8.4%182
Age of the businesses
- Existing, more than 2 years old62.1%1,340
- New business, 2 years or less16.4%354
- Startup, loan funds will open the business11.5%248
- Change of ownership9.8%212
- Not answered0.1%3
Questions and answers
Which lenders make the most SBA loans in Palm Beach County?
By approvals in FY2021 to FY2025: TD Bank, National Association (329), The Huntington National Bank (123), BayFirst National Bank (105), Newtek Bank, National Association (97), Readycap Lending, LLC (95). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Palm Beach County?
The median 7(a) approval was $213K and the median 504 approval $838K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Palm Beach County?
Restaurants and Other Eating Places (126); Building Equipment Contractors (92); Offices of Other Health Practitioners (85); Automotive Repair and Maintenance (71); Services to Buildings and Dwellings (69).
Is SBA lending in Palm Beach County rising?
Approvals in the three latest complete fiscal years total 1,579, against 822 in the three before: rising (+92%).
How does Palm Beach County compare with the rest of Florida?
38.7 approvals per 1,000 establishments against 41.6 statewide, and 2,157 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