Lenders › BayFirst National Bank
7(a) lenderSaint Petersburg, FloridaFDIC-insured bank9th of 2,184 by approvals
BayFirst National Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
In FY2021 to FY2025 SBA approved 8,937 7(a) loans, worth $1.67bn, through BayFirst National Bank of Saint Petersburg, Florida, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 9th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 1,895 approvals totalling $302M, down 39% on FY2024 (3,129). FY2026 to 30 Jun 2026 adds 20 more.
The median approval was $150K, against $190K for the 7(a) program as a whole; 87.4% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 52 states and territories and 1,081 counties, led by California (15.8%), Florida (13.2%) and Texas (9.5%). The largest industry group was professional, scientific, and technical services at 14.7% of approvals, and 3.8% of approvals were to franchise businesses.
Of 4,717 disbursed loans approved in FY2010 to FY2021, SBA records 905 as charged off (19.2%), 1,667 as paid in full and 2,145 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 20 | $8.2M | $338K | $412K | 126 |
| FY2025 | 1,895 | $302M | $150K | $159K | 8,719 |
| FY2024 | 3,129 | $475M | $150K | $152K | 14,323 |
| FY2023 | 2,629 | $454M | $150K | $173K | 17,833 |
| FY2022 | 914 | $288M | $150K | $315K | 8,386 |
| FY2021 | 370 | $156M | $280K | $421K | 3,192 |
| FY2020 | 584 | $148M | $200K | $254K | 4,199 |
| FY2019 | 1,450 | $358M | $200K | $247K | 11,153 |
| FY2018 | 906 | $233M | $250K | $257K | 8,552 |
| FY2017 | 1,062 | $283M | $250K | $266K | 10,260 |
| FY2016 | 676 | $173M | $250K | $256K | 6,421 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 4,678 approvals. First approval on file: FY2014.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 5,157 | 79,249 | 639,905 |
| Cancelled or never disbursed | 440 | 10,102 | 79,313 |
| Disbursed loans | 4,717 | 69,147 | 560,592 |
| Paid in full | 1,667 | 52,688 | 435,813 |
| Charged off | 905 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 2,145 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 19.2% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 12.8% | 1.5% | 2.5% |
| Dollars charged off | $161M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 322 | 100 | 24 | 7.5% | 2.8% |
| FY2020 | 506 | 145 | 39 | 7.7% | 4.0% |
| FY2019 | 1,330 | 369 | 218 | 16.4% | 6.7% |
| FY2018 | 857 | 300 | 168 | 19.6% | 7.9% |
| FY2017 | 990 | 359 | 241 | 24.3% | 7.7% |
| FY2016 | 626 | 330 | 199 | 31.8% | 7.2% |
| FY2015 | 85 | 63 | 16 | 18.8% | 6.9% |
| FY2014 | 1 | 1 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $150K | $190K |
| Average approval | $187K | $518K |
| Approvals of $150,000 or less | 87.4% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 3.2% | 34.3% |
| Approvals to franchise businesses | 3.8% | 11.5% |
| Jobs supported per approval, as reported | 5.9 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 19.2% | 6.6% |
States served
| # | State of the business (52 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 1,409 | $242M | 15.8% | |
| 2 | Florida | 1,178 | $348M | 13.2% | |
| 3 | Texas | 850 | $152M | 9.5% | |
| 4 | New York | 812 | $132M | 9.1% | |
| 5 | New Jersey | 318 | $51.3M | 3.6% | |
| 6 | Illinois | 305 | $51.2M | 3.4% | |
| 7 | Georgia | 294 | $52.0M | 3.3% | |
| 8 | Pennsylvania | 261 | $43.3M | 2.9% | |
| 9 | Colorado | 225 | $33.9M | 2.5% | |
| 10 | Washington | 222 | $39.1M | 2.5% | |
| 11 | Arizona | 209 | $34.5M | 2.3% | |
| 12 | Ohio | 193 | $35.4M | 2.2% |
In California the lender accounts for 4.0% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (1,081 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 446 | $79.8M | 5.0% | |
| 2 | Miami-Dade County, FL | 229 | $43.4M | 2.6% | |
| 3 | Kings County, NY | 190 | $25.7M | 2.1% | |
| 4 | Orange County, CA | 160 | $23.5M | 1.8% | |
| 5 | Maricopa County, AZ | 157 | $27.4M | 1.8% | |
| 6 | Cook County, IL | 157 | $22.4M | 1.8% | |
| 7 | Harris County, TX | 151 | $24.7M | 1.7% | |
| 8 | San Diego County, CA | 146 | $27.4M | 1.6% | |
| 9 | Broward County, FL | 144 | $30.7M | 1.6% | |
| 10 | New York County, NY | 123 | $31.1M | 1.4% | |
| 11 | Dallas County, TX | 108 | $19.0M | 1.2% | |
| 12 | Pinellas County, FL | 105 | $56.8M | 1.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 1,312 | 14.7% | |
| 2 | Construction | 1,234 | 13.8% | |
| 3 | Retail Trade | 1,131 | 12.7% | |
| 4 | Health Care and Social Assistance | 898 | 10.0% | |
| 5 | Other Services (except Public Administration) | 765 | 8.6% | |
| 6 | Wholesale Trade | 679 | 7.6% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 561 | 6.3% | |
| 8 | Manufacturing | 493 | 5.5% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of Other Health PractitionersNAICS 6213 | 374 | 4.2% | |
| 2 | Residential Building ConstructionNAICS 2361 | 362 | 4.1% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 319 | 3.6% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 318 | 3.6% | |
| 5 | General Freight TruckingNAICS 4841 | 318 | 3.6% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 315 | 3.5% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 300 | 3.4% | |
| 8 | Computer Systems Design and Related ServicesNAICS 5415 | 258 | 2.9% | |
| 9 | Personal Care ServicesNAICS 8121 | 256 | 2.9% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 204 | 2.3% |
Approval sizes
- $50,000 or less4.9%438
- $50,001 to $150,00082.5%7,376
- $150,001 to $350,0008.2%731
- $350,001 to $1 million2.8%249
- $1 million to $2 million1.0%88
- Over $2 million0.6%55
Loan terms
- 5 years or less0.0%2
- Over 5 to 10 years94.4%8,434
- Over 10 to 20 years4.2%373
- Over 20 years1.4%128
Age of the businesses
- Existing, more than 2 years old94.5%8,447
- New business, 2 years or less1.8%161
- Startup, loan funds will open the business1.4%127
- Change of ownership2.3%202
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 8,893 | 99.5% | |
| 2 | International Trade Loans | 20 | 0.2% | |
| 3 | SBA Express Program | 15 | 0.2% | |
| 4 | 7a General | 9 | 0.1% |
Franchise share
338 of 8,937 approvals in FY2021–FY2025 (3.8%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The UPS Store | 10 | 0.1% | |
| 2 | Crumbl | 9 | 0.1% | |
| 3 | Glo Tanning | 8 | 0.1% | |
| 4 | Ace Hardware | 5 | 0.1% | |
| 5 | Health Mart Pharmacy | 5 | 0.1% | |
| 6 | Mathnasium and Mathnasium, The Math Learning Center | 5 | 0.1% | |
| 7 | 911 Restoration | 4 | 0.0% | |
| 8 | Mr. Electric | 4 | 0.0% |
Questions and answers
How many SBA loans does BayFirst National Bank make?
SBA approved 1,895 7(a) loans through BayFirst National Bank in FY2025, worth $302M, and 8,937 over FY2021 to FY2025. That ranks 9th of 2,184 active 7(a) lenders by number of approvals.
How large are BayFirst National Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $150K and the average $187K. The program-wide median was $190K.
What is BayFirst National Bank's charge-off rate?
Of 4,717 disbursed loans approved in FY2010 to FY2021, SBA records 905 as charged off (19.2%), 1,667 as paid in full and 2,145 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does BayFirst National Bank lend to most?
By number of approvals in FY2021 to FY2025: offices of other health practitioners (374); residential building construction (362); restaurants and other eating places (319); services to buildings and dwellings (318).
Where does BayFirst National Bank make SBA loans?
In 52 states and territories. California 1,409, Florida 1,178, Texas 850, New York 812, New Jersey 318. In California it accounts for 4.0% of all 7(a) approvals.
Is BayFirst National Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 7,653, against 1,868 in the three before: rising (+310%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error