States › Florida › Sarasota County
County9th of 67 in Florida by approvalsFIPS 12115
SBA loans in Sarasota 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 Sarasota County, Florida, received 682 SBA loan approvals worth $474M in FY2021 to FY2025 (577 7(a), 105 504).
That is 42.7 approvals per 1,000 business establishments (15,989 establishments in 2023), close to the Florida figure of 41.6 and close to the national 41.0.
It ranks 9th of 67 Florida counties with approvals. In FY2025 there were 185, up 23% on FY2024.
106 lenders had approvals here; the most active were The Huntington National Bank (77), Florida Business Development Corporation (53) and Florida First Capital Finance Corporation, Inc. (46). 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 Sarasota County
By number of approvals to businesses in the county, FY2021–FY2025; 106 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 77 | $37.3M | 11.3% | |
| 2 | Florida Business Development CorporationTampa, FL · CDC | 53 | $40.6M | 7.8% | |
| 3 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 46 | $51.4M | 6.7% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 42 | $19.9M | 6.2% | |
| 5 | TD Bank, National AssociationWilmington, DE | 27 | $2.1M | 4.0% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 25 | $10.5M | 3.7% | |
| 7 | United Midwest Savings Bank National AssociationDe Graff, OH | 23 | $11.3M | 3.4% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 23 | $3.6M | 3.4% | |
| 9 | Bank of America, National AssociationCharlotte, NC | 22 | $8.8M | 3.2% | |
| 10 | SouthState Bank, National AssociationWinter Haven, FL | 21 | $20.7M | 3.1% | |
| 11 | Northeast BankLewiston, ME | 20 | $2.7M | 2.9% | |
| 12 | Live Oak Banking CompanyWilmington, NC | 15 | $25.2M | 2.2% | |
| 13 | The Bank of TampaTampa, FL | 15 | $12.0M | 2.2% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 14 | $9.3M | 2.1% | |
| 15 | JPMorgan Chase Bank, National AssociationColumbus, OH | 14 | $4.6M | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 53 | 7.8% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 35 | 5.1% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 34 | 5.0% | |
| 4 | Personal Care ServicesNAICS 8121 | 28 | 4.1% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 25 | 3.7% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 22 | 3.2% | |
| 7 | Residential Building ConstructionNAICS 2361 | 20 | 2.9% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 20 | 2.9% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 19 | 2.8% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 18 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 96 | 14.1% | |
| 2 | Professional, Scientific, and Technical Services | 81 | 11.9% | |
| 3 | Health Care and Social Assistance | 79 | 11.6% | |
| 4 | Other Services (except Public Administration) | 76 | 11.1% | |
| 5 | Retail Trade | 76 | 11.1% | |
| 6 | Accommodation and Food Services | 64 | 9.4% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 51 | 7.5% | |
| 8 | Manufacturing | 37 | 5.4% |
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* | 69 | $39.3M | $250K | 13 | $22.1M | 82 | 752 |
| FY2025 | 159 | $100M | $350K | 26 | $37.2M | 185 | 2,005 |
| FY2024 | 135 | $86.1M | $275K | 15 | $14.9M | 150 | 1,648 |
| FY2023 | 110 | $67.3M | $339K | 25 | $28.1M | 135 | 1,570 |
| FY2022 | 75 | $49.3M | $331K | 12 | $6.7M | 87 | 903 |
| FY2021 | 98 | $69.0M | $362K | 27 | $14.7M | 125 | 1,053 |
| FY2020 | 60 | $37.7M | $350K | 19 | $12.1M | 79 | 970 |
| FY2019 | 80 | $42.2M | $240K | 16 | $13.5M | 96 | 872 |
| FY2018 | 93 | $34.9M | $231K | 9 | $4.9M | 102 | 906 |
| FY2017 | 64 | $42.5M | $245K | 9 | $4.9M | 73 | 663 |
| FY2016 | 104 | $55.2M | $253K | 11 | $4.1M | 115 | 1,221 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 465 approvals.
Against Florida and the country
| FY2021–FY2025 | Sarasota County | Florida | United States |
|---|---|---|---|
| Approvals | 682 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 42.7 | 41.6 | 41.0 |
| Median 7(a) approval | $345K | $240K | $190K |
| Median 504 approval | $551K | $624K | $657K |
| Average approval | $694K | $609K | $573K |
| 504 share of approvals | 15.4% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 10.5 | 10.4 | 10.5 |
| Share of state approvals | 2.5% | 100.0% | — |
Approval sizes
- $50,000 or less10.6%72
- $50,001 to $150,00017.2%117
- $150,001 to $350,00022.7%155
- $350,001 to $1 million29.5%201
- $1 million to $2 million12.8%87
- Over $2 million7.3%50
Age of the businesses
- Existing, more than 2 years old48.2%329
- New business, 2 years or less19.6%134
- Startup, loan funds will open the business18.8%128
- Change of ownership13.3%91
Questions and answers
Which lenders make the most SBA loans in Sarasota County?
By approvals in FY2021 to FY2025: The Huntington National Bank (77), Florida Business Development Corporation (53), Florida First Capital Finance Corporation, Inc. (46), BayFirst National Bank (42), TD Bank, National Association (27). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sarasota County?
The median 7(a) approval was $345K and the median 504 approval $551K; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Sarasota County?
Restaurants and Other Eating Places (53); Services to Buildings and Dwellings (35); Offices of Other Health Practitioners (34); Personal Care Services (28); Automotive Repair and Maintenance (25).
Is SBA lending in Sarasota County rising?
Approvals in the three latest complete fiscal years total 470, against 291 in the three before: rising (+62%).
How does Sarasota County compare with the rest of Florida?
42.7 approvals per 1,000 establishments against 41.6 statewide, and 682 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