Lenders › Climate First Bank
7(a) lenderSt. Petersburg, FloridaFDIC-insured bank266th of 2,184 by approvals
Climate First 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.
Climate First Bank, based in St. Petersburg, Florida, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 129 of its 7(a) loans worth $153M in FY2021 to FY2025, which places it 266th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 108 approvals totalling $136M, up 620% on FY2024 (15). FY2026 to 30 Jun 2026 adds 120 more.
The median approval was $662K, against $190K for the 7(a) program as a whole; 8.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 23 states and territories and 70 counties, led by Florida (45.7%), Texas (10.9%) and California (5.4%). The largest industry group was accommodation and food services at 17.1% of approvals, and 30.2% of approvals were to franchise businesses.
Climate First Bank has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown.
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* | 120 | $146M | $766K | $1.2M | 2,233 |
| FY2025 | 108 | $136M | $688K | $1.3M | 2,090 |
| FY2024 | 15 | $10.4M | $400K | $693K | 142 |
| FY2023 | 6 | $6.5M | $311K | $1.1M | 86 |
| FY2022 | 0 | — | — | — | 0 |
| FY2021 | 0 | — | — | — | 0 |
| FY2020 | 0 | — | — | — | 0 |
| FY2019 | 0 | — | — | — | 0 |
| FY2018 | 0 | — | — | — | 0 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 0 | — | — | — | 0 |
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 0 approvals. First approval on file: FY2023.
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 | Florida | 7(a) program |
|---|---|---|---|
| Approvals in these years | 0 | 31,863 | 639,905 |
| Cancelled or never disbursed | 0 | 3,596 | 79,313 |
| Disbursed loans | 0 | 28,267 | 560,592 |
| Paid in full | 0 | 20,064 | 435,813 |
| Charged off | 0 | 2,783 | 36,891 |
| Still outstanding (status exempt from disclosure) | 0 | 5,420 | 87,888 |
| Charged off, share of disbursed loans | too few loans | 9.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | too few loans | 3.1% | 2.5% |
| Dollars charged off | — | $442M | $5.70bn |
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $662K | $190K |
| Average approval | $1.2M | $518K |
| Approvals of $150,000 or less | 8.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 56.6% | 34.3% |
| Approvals to franchise businesses | 30.2% | 11.5% |
| Jobs supported per approval, as reported | 18.0 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (23 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 59 | $68.4M | 45.7% | |
| 2 | Texas | 14 | $22.2M | 10.9% | |
| 3 | California | 7 | $4.7M | 5.4% | |
| 4 | Alabama | 5 | $13.0M | 3.9% | |
| 5 | North Carolina | 5 | $5.6M | 3.9% | |
| 6 | Iowa | 4 | $7.2M | 3.1% | |
| 7 | Pennsylvania | 4 | $3.0M | 3.1% | |
| 8 | New York | 3 | $6.4M | 2.3% | |
| 9 | Washington | 3 | $2.8M | 2.3% | |
| 10 | Georgia | 3 | $1.7M | 2.3% | |
| 11 | Utah | 3 | $1.7M | 2.3% | |
| 12 | Arizona | 3 | $1.4M | 2.3% |
In Florida the lender accounts for 0.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (70 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Orange County, FL | 11 | $13.9M | 8.5% | |
| 2 | Seminole County, FL | 9 | $7.1M | 7.0% | |
| 3 | Hillsborough County, FL | 5 | $11.1M | 3.9% | |
| 4 | Duval County, FL | 5 | $3.2M | 3.9% | |
| 5 | Lake County, FL | 4 | $1.9M | 3.1% | |
| 6 | Tarrant County, TX | 3 | $6.2M | 2.3% | |
| 7 | Harris County, TX | 3 | $6.1M | 2.3% | |
| 8 | Indian River County, FL | 3 | $4.2M | 2.3% | |
| 9 | Dallas County, TX | 3 | $3.2M | 2.3% | |
| 10 | Volusia County, FL | 3 | $2.4M | 2.3% | |
| 11 | Maricopa County, AZ | 3 | $1.4M | 2.3% | |
| 12 | Osceola County, FL | 3 | $1.3M | 2.3% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 22 | 17.1% | |
| 2 | Arts, Entertainment, and Recreation | 21 | 16.3% | |
| 3 | Construction | 17 | 13.2% | |
| 4 | Health Care and Social Assistance | 13 | 10.1% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 13 | 10.1% | |
| 6 | Retail Trade | 11 | 8.5% | |
| 7 | Other Services (except Public Administration) | 11 | 8.5% | |
| 8 | Manufacturing | 6 | 4.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Amusement and Recreation IndustriesNAICS 7139 | 19 | 14.7% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 17 | 13.2% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 9 | 7.0% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 8 | 6.2% | |
| 5 | Personal Care ServicesNAICS 8121 | 7 | 5.4% | |
| 6 | Other Miscellaneous ManufacturingNAICS 3399 | 3 | 2.3% | |
| 7 | Residential Building ConstructionNAICS 2361 | 3 | 2.3% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 3 | 2.3% | |
| 9 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 3 | 2.3% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 2.3% |
Approval sizes
- $50,001 to $150,0008.5%11
- $150,001 to $350,00011.6%15
- $350,001 to $1 million47.3%61
- $1 million to $2 million13.2%17
- Over $2 million19.4%25
Loan terms
- 5 years or less0.8%1
- Over 5 to 10 years50.4%65
- Over 10 to 20 years40.3%52
- Over 20 years8.5%11
Age of the businesses
- Existing, more than 2 years old29.5%38
- New business, 2 years or less21.7%28
- Startup, loan funds will open the business34.9%45
- Change of ownership14.0%18
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 101 | 78.3% | |
| 2 | 7a General | 14 | 10.9% | |
| 3 | SBA Express Program | 12 | 9.3% | |
| 4 | International Trade Loans | 2 | 1.6% |
Franchise share
39 of 129 approvals in FY2021–FY2025 (30.2%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Golf Envy | 3 | 2.3% | |
| 2 | Launch Family Entertainment | 2 | 1.6% | |
| 3 | Spark by Hilton | 2 | 1.6% | |
| 4 | Soccer 5 | 2 | 1.6% | |
| 5 | 4Ever Young | 2 | 1.6% | |
| 6 | Degree Wellness | 2 | 1.6% | |
| 7 | HealthSource Chiropractic | 2 | 1.6% | |
| 8 | Gameday Men's Health | 2 | 1.6% |
Questions and answers
How many SBA loans does Climate First Bank make?
SBA approved 108 7(a) loans through Climate First Bank in FY2025, worth $136M, and 129 over FY2021 to FY2025. That ranks 266th of 2,184 active 7(a) lenders by number of approvals.
How large are Climate First Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $662K and the average $1.2M. The program-wide median was $190K.
What is Climate First Bank's charge-off rate?
Climate First Bank has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown. 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 Climate First Bank lend to most?
By number of approvals in FY2021 to FY2025: other amusement and recreation industries (19); restaurants and other eating places (17); services to buildings and dwellings (9); building equipment contractors (8).
Where does Climate First Bank make SBA loans?
In 23 states and territories. Florida 59, Texas 14, California 7, Alabama 5, North Carolina 5. In Florida it accounts for 0.3% of all 7(a) approvals.
Is Climate First Bank's SBA lending rising?
Volumes are too small to compare periods.
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