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County6th of 67 in Florida by approvalsFIPS 12103
SBA loans in Pinellas 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 Pinellas County, Florida, received 1,355 SBA loan approvals worth $868M in FY2021 to FY2025 (1,125 7(a), 230 504).
That is 41.7 approvals per 1,000 business establishments (32,509 establishments in 2023), close to the Florida figure of 41.6 and close to the national 41.0.
It ranks 6th of 67 Florida counties with approvals. In FY2025 there were 301, about level with FY2024.
129 lenders had approvals here; the most active were Florida Business Development Corporation (114), BayFirst National Bank (105) and The Huntington National Bank (94). 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 Pinellas County
By number of approvals to businesses in the county, FY2021–FY2025; 129 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida Business Development CorporationTampa, FL · CDC | 114 | $79.5M | 8.4% | |
| 2 | BayFirst National BankSaint Petersburg, FL | 105 | $56.8M | 7.7% | |
| 3 | The Huntington National BankColumbus, OH | 94 | $32.1M | 6.9% | |
| 4 | Sunshine State Economic Development CorporationClearwater, FL · CDC | 72 | $47.4M | 5.3% | |
| 5 | TD Bank, National AssociationWilmington, DE | 55 | $10.9M | 4.1% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 49 | $21.7M | 3.6% | |
| 7 | Northeast BankLewiston, ME | 45 | $5.8M | 3.3% | |
| 8 | JPMorgan Chase Bank, National AssociationColumbus, OH | 43 | $10.0M | 3.2% | |
| 9 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 40 | $37.7M | 3.0% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 36 | $42.9M | 2.7% | |
| 11 | Wells Fargo Bank National AssociationSioux Falls, SD | 35 | $2.3M | 2.6% | |
| 12 | Lake Michigan CUGrand Rapids, MI | 33 | $27.4M | 2.4% | |
| 13 | Bank of America, National AssociationCharlotte, NC | 33 | $16.1M | 2.4% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 31 | $13.3M | 2.3% | |
| 15 | Hancock Whitney BankGulfport, MS | 22 | $18.0M | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 149 | 11.0% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 52 | 3.8% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 52 | 3.8% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 44 | 3.2% | |
| 5 | Personal Care ServicesNAICS 8121 | 39 | 2.9% | |
| 6 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 37 | 2.7% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 33 | 2.4% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 31 | 2.3% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 29 | 2.1% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 29 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 195 | 14.4% | |
| 2 | Professional, Scientific, and Technical Services | 177 | 13.1% | |
| 3 | Health Care and Social Assistance | 158 | 11.7% | |
| 4 | Retail Trade | 148 | 10.9% | |
| 5 | Construction | 140 | 10.3% | |
| 6 | Manufacturing | 108 | 8.0% | |
| 7 | Other Services (except Public Administration) | 107 | 7.9% | |
| 8 | Wholesale Trade | 69 | 5.1% |
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* | 179 | $90.9M | $290K | 22 | $20.7M | 201 | 2,205 |
| FY2025 | 269 | $132M | $250K | 32 | $37.4M | 301 | 2,891 |
| FY2024 | 268 | $150M | $250K | 46 | $33.5M | 314 | 3,102 |
| FY2023 | 213 | $135M | $300K | 33 | $31.3M | 246 | 3,396 |
| FY2022 | 182 | $108M | $334K | 60 | $39.4M | 242 | 2,535 |
| FY2021 | 193 | $167M | $455K | 59 | $34.8M | 252 | 2,723 |
| FY2020 | 114 | $65.2M | $308K | 38 | $24.2M | 152 | 1,498 |
| FY2019 | 177 | $82.2M | $250K | 25 | $15.1M | 202 | 2,088 |
| FY2018 | 174 | $85.6M | $250K | 24 | $19.6M | 198 | 2,443 |
| FY2017 | 178 | $105M | $296K | 34 | $21.1M | 212 | 2,192 |
| FY2016 | 212 | $95.1M | $202K | 20 | $11.4M | 232 | 2,132 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 996 approvals.
Against Florida and the country
| FY2021–FY2025 | Pinellas County | Florida | United States |
|---|---|---|---|
| Approvals | 1,355 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 41.7 | 41.6 | 41.0 |
| Median 7(a) approval | $300K | $240K | $190K |
| Median 504 approval | $506K | $624K | $657K |
| Average approval | $641K | $609K | $573K |
| 504 share of approvals | 17.0% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 10.8 | 10.4 | 10.5 |
| Share of state approvals | 5.0% | 100.0% | — |
Approval sizes
- $50,000 or less12.5%170
- $50,001 to $150,00017.0%230
- $150,001 to $350,00023.4%317
- $350,001 to $1 million30.1%408
- $1 million to $2 million9.7%131
- Over $2 million7.3%99
Age of the businesses
- Existing, more than 2 years old55.6%753
- New business, 2 years or less15.9%216
- Startup, loan funds will open the business17.3%234
- Change of ownership11.0%149
- Not answered0.2%3
Questions and answers
Which lenders make the most SBA loans in Pinellas County?
By approvals in FY2021 to FY2025: Florida Business Development Corporation (114), BayFirst National Bank (105), The Huntington National Bank (94), Sunshine State Economic Development Corporation (72), TD Bank, National Association (55). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Pinellas County?
The median 7(a) approval was $300K and the median 504 approval $506K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Pinellas County?
Restaurants and Other Eating Places (149); Building Equipment Contractors (52); Offices of Other Health Practitioners (52); Other Amusement and Recreation Industries (44); Personal Care Services (39).
Is SBA lending in Pinellas County rising?
Approvals in the three latest complete fiscal years total 861, against 646 in the three before: rising (+33%).
How does Pinellas County compare with the rest of Florida?
41.7 approvals per 1,000 establishments against 41.6 statewide, and 1,355 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