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County40th of 67 in Florida by approvalsFIPS 12119
SBA loans in Sumter 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 Sumter County, Florida, received 47 SBA loan approvals worth $43.1M in FY2021 to FY2025 (41 7(a), 6 504).
That is 22.6 approvals per 1,000 business establishments (2,081 establishments in 2023), below the Florida figure of 41.6 and below the national 41.0.
It ranks 40th of 67 Florida counties with approvals. In FY2025 there were 7, down 42% on FY2024.
27 lenders had approvals here; the most active were Readycap Lending, LLC (5), Florida Business Development Corporation (4) and Regions Bank (3). 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 Sumter County
By number of approvals to businesses in the county, FY2021–FY2025; 27 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Readycap Lending, LLCBerkeley Heights, NJ | 5 | $4.5M | 10.6% | |
| 2 | Florida Business Development CorporationTampa, FL · CDC | 4 | $5.7M | 8.5% | |
| 3 | Regions BankBirmingham, AL | 3 | $5.1M | 6.4% | |
| 4 | The Huntington National BankColumbus, OH | 3 | $1.8M | 6.4% | |
| 5 | Customers BankMalvern, PA | 3 | $941K | 6.4% | |
| 6 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $450K | 6.4% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 2 | — | 4.3% | |
| 8 | United Community BankGreenville, SC | 2 | — | 4.3% | |
| 9 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 2 | — | 4.3% | |
| 10 | Citizens BankElizabethton, TN | 2 | — | 4.3% | |
| 11 | TowneBankPortsmouth, VA | 2 | — | 4.3% | |
| 12 | Centennial BankConway, AR | 1 | — | 2.1% | |
| 13 | TD Bank, National AssociationWilmington, DE | 1 | — | 2.1% | |
| 14 | Ameris BankAtlanta, GA | 1 | — | 2.1% | |
| 15 | Shoreham BankWarwick, RI | 1 | — | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 23.4% | |
| 2 | Offices of PhysiciansNAICS 6211 | 6 | 12.8% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 3 | 6.4% | |
| 4 | Traveler AccommodationNAICS 7211 | 2 | 4.3% | |
| 5 | Offices of DentistsNAICS 6212 | 2 | 4.3% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 4.3% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 4.3% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 2 | 4.3% | |
| 9 | Personal Care ServicesNAICS 8121 | 2 | 4.3% | |
| 10 | Scientific Research and Development ServicesNAICS 5417 | 1 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 14 | 29.8% | |
| 2 | Health Care and Social Assistance | 12 | 25.5% | |
| 3 | Construction | 5 | 10.6% | |
| 4 | Other Services (except Public Administration) | 4 | 8.5% | |
| 5 | Professional, Scientific, and Technical Services | 3 | 6.4% | |
| 6 | Retail Trade | 2 | 4.3% | |
| 7 | Real Estate and Rental and Leasing | 2 | 4.3% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 2 | 4.3% |
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* | 7 | $7.4M | $350K | 2 | — | 9 | 128 |
| FY2025 | 6 | $8.8M | $552K | 1 | — | 7 | 44 |
| FY2024 | 11 | $3.5M | $250K | 1 | — | 12 | 119 |
| FY2023 | 8 | $8.2M | $597K | 0 | — | 8 | 93 |
| FY2022 | 8 | $10.6M | $814K | 3 | $4.6M | 11 | 133 |
| FY2021 | 8 | $3.5M | $427K | 1 | — | 9 | 80 |
| FY2020 | 3 | $1.8M | $150K | 0 | — | 3 | 21 |
| FY2019 | 12 | $8.5M | $460K | 2 | — | 14 | 216 |
| FY2018 | 11 | $17.2M | $331K | 1 | — | 12 | 154 |
| FY2017 | 6 | $1.2M | $209K | 0 | — | 6 | 128 |
| FY2016 | 5 | $5.9M | $10K | 1 | — | 6 | 80 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 41 approvals.
Against Florida and the country
| FY2021–FY2025 | Sumter County | Florida | United States |
|---|---|---|---|
| Approvals | 47 | 26,882 | 342,825 |
| Approvals per 1,000 establishments | 22.6 | 41.6 | 41.0 |
| Median 7(a) approval | $346K | $240K | $190K |
| Median 504 approval | $1.4M | $624K | $657K |
| Average approval | $917K | $609K | $573K |
| 504 share of approvals | 12.8% | 13.4% | 11.0% |
| Jobs supported per approval, as reported | 10.0 | 10.4 | 10.5 |
| Share of state approvals | 0.2% | 100.0% | — |
Approval sizes
- $50,000 or less6.4%3
- $50,001 to $150,00025.5%12
- $150,001 to $350,00012.8%6
- $350,001 to $1 million23.4%11
- $1 million to $2 million19.1%9
- Over $2 million12.8%6
Age of the businesses
- Existing, more than 2 years old48.9%23
- New business, 2 years or less6.4%3
- Startup, loan funds will open the business38.3%18
- Change of ownership6.4%3
Questions and answers
Which lenders make the most SBA loans in Sumter County?
By approvals in FY2021 to FY2025: Readycap Lending, LLC (5), Florida Business Development Corporation (4), Regions Bank (3), The Huntington National Bank (3), Customers Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sumter County?
The median 7(a) approval was $346K and the median 504 approval $1.4M; the Florida 7(a) median was $240K.
Which industries get the most SBA loans in Sumter County?
Restaurants and Other Eating Places (11); Offices of Physicians (6); Offices of Other Health Practitioners (3); Traveler Accommodation (2); Offices of Dentists (2).
Is SBA lending in Sumter County rising?
Approvals in the three latest complete fiscal years total 27, against 23 in the three before: rising (+17%).
How does Sumter County compare with the rest of Florida?
22.6 approvals per 1,000 establishments against 41.6 statewide, and 47 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