Lenders › Locality Bank
7(a) lenderFort Lauderdale, FloridaFDIC-insured bank459th of 2,184 by approvals
Locality 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.
Locality Bank, based in Fort Lauderdale, Florida, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 58 of its 7(a) loans worth $49.0M in FY2021 to FY2025, which places it 459th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 18 approvals totalling $17.3M, down 10% on FY2024 (20). FY2026 to 30 Jun 2026 adds 5 more.
The median approval was $580K, against $190K for the 7(a) program as a whole; 6.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 3 states and territories and 14 counties, led by Florida (94.8%), Georgia (3.4%) and Nevada (1.7%). The largest industry group was professional, scientific, and technical services at 15.5% of approvals, and 13.8% of approvals were to franchise businesses.
Locality 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* | 5 | $3.5M | $385K | $702K | 81 |
| FY2025 | 18 | $17.3M | $842K | $960K | 335 |
| FY2024 | 20 | $14.2M | $581K | $711K | 441 |
| FY2023 | 10 | $10.8M | $518K | $1.1M | 237 |
| FY2022 | 10 | $6.7M | $263K | $667K | 263 |
| 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: FY2022.
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 | $580K | $190K |
| Average approval | $844K | $518K |
| Approvals of $150,000 or less | 6.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 32.8% | 34.3% |
| Approvals to franchise businesses | 13.8% | 11.5% |
| Jobs supported per approval, as reported | 22.0 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 55 | $46.8M | 94.8% | |
| 2 | Georgia | 2 | — | 3.4% | |
| 3 | Nevada | 1 | — | 1.7% |
In Florida the lender accounts for 0.2% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (14 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Broward County, FL | 28 | $22.3M | 48.3% | |
| 2 | Miami-Dade County, FL | 10 | $10.2M | 17.2% | |
| 3 | Palm Beach County, FL | 7 | $8.1M | 12.1% | |
| 4 | Brevard County, FL | 2 | — | 3.4% | |
| 5 | Martin County, FL | 2 | — | 3.4% | |
| 6 | Highlands County, FL | 1 | — | 1.7% | |
| 7 | Forsyth County, GA | 1 | — | 1.7% | |
| 8 | Bartow County, GA | 1 | — | 1.7% | |
| 9 | Osceola County, FL | 1 | — | 1.7% | |
| 10 | Pinellas County, FL | 1 | — | 1.7% | |
| 11 | Clark County, NV | 1 | — | 1.7% | |
| 12 | St. Johns County, FL | 1 | — | 1.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 9 | 15.5% | |
| 2 | Health Care and Social Assistance | 8 | 13.8% | |
| 3 | Construction | 7 | 12.1% | |
| 4 | Arts, Entertainment, and Recreation | 6 | 10.3% | |
| 5 | Manufacturing | 5 | 8.6% | |
| 6 | Wholesale Trade | 4 | 6.9% | |
| 7 | Accommodation and Food Services | 4 | 6.9% | |
| 8 | Retail Trade | 4 | 6.9% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 10.3% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 6.9% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 4 | 6.9% | |
| 4 | Architectural, Engineering, and Related ServicesNAICS 5413 | 4 | 6.9% | |
| 5 | Offices of PhysiciansNAICS 6211 | 3 | 5.2% | |
| 6 | Other Heavy and Civil Engineering ConstructionNAICS 2379 | 3 | 5.2% | |
| 7 | Ship and Boat BuildingNAICS 3366 | 3 | 5.2% | |
| 8 | Legal ServicesNAICS 5411 | 3 | 5.2% | |
| 9 | Grocery and Related Product Merchant WholesalersNAICS 4244 | 2 | 3.4% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 3.4% |
Approval sizes
- $50,000 or less1.7%1
- $50,001 to $150,0005.2%3
- $150,001 to $350,00020.7%12
- $350,001 to $1 million50.0%29
- $1 million to $2 million12.1%7
- Over $2 million10.3%6
Loan terms
- Over 5 to 10 years77.6%45
- Over 10 to 20 years12.1%7
- Over 20 years10.3%6
Age of the businesses
- Existing, more than 2 years old51.7%30
- New business, 2 years or less15.5%9
- Startup, loan funds will open the business17.2%10
- Change of ownership15.5%9
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 26 | 44.8% | |
| 2 | 7a General | 19 | 32.8% | |
| 3 | SBA Express Program | 7 | 12.1% | |
| 4 | International Trade Loans | 5 | 8.6% | |
| 5 | Working Capital CAPLine | 1 | 1.7% |
Franchise share
8 of 58 approvals in FY2021–FY2025 (13.8%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Intelligent Office | 1 | 1.7% | |
| 2 | F45 Training | 1 | 1.7% | |
| 3 | Body20 | 1 | 1.7% | |
| 4 | Preferred Care at Home | 1 | 1.7% | |
| 5 | All Dry | 1 | 1.7% | |
| 6 | Cold Stone Creamery | 1 | 1.7% | |
| 7 | Flip Flop Shops | 1 | 1.7% | |
| 8 | CycleBar | 1 | 1.7% |
Questions and answers
How many SBA loans does Locality Bank make?
SBA approved 18 7(a) loans through Locality Bank in FY2025, worth $17.3M, and 58 over FY2021 to FY2025. That ranks 459th of 2,184 active 7(a) lenders by number of approvals.
How large are Locality Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $580K and the average $844K. The program-wide median was $190K.
What is Locality Bank's charge-off rate?
Locality 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 Locality Bank lend to most?
By number of approvals in FY2021 to FY2025: other amusement and recreation industries (6); restaurants and other eating places (4); offices of other health practitioners (4); architectural, engineering, and related services (4).
Where does Locality Bank make SBA loans?
In 3 states and territories. Florida 55, Georgia 2, Nevada 1. In Florida it accounts for 0.2% of all 7(a) approvals.
Is Locality Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 48, against 10 in the three before: rising (+380%).
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