Lenders › Paradise Bank
7(a) lenderBoca Raton, FloridaFDIC-insured bank198th of 2,184 by approvals
Paradise 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 192 7(a) loans, worth $295M, through Paradise Bank of Boca Raton, Florida, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 198th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 25 approvals totalling $37.7M, down 26% on FY2024 (34). FY2026 to 30 Jun 2026 adds 27 more.
The median approval was $992K, against $190K for the 7(a) program as a whole; 5.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 7 states and territories and 25 counties, led by Florida (95.8%), New York (1.0%) and New Jersey (1.0%). The largest industry group was other services (except public administration) at 19.8% of approvals, and 4.7% of approvals were to franchise businesses.
Of 248 disbursed loans approved in FY2010 to FY2021, SBA records 7 as charged off (2.8%), 188 as paid in full and 53 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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* | 27 | $40.3M | $695K | $1.5M | 379 |
| FY2025 | 25 | $37.7M | $1.0M | $1.5M | 583 |
| FY2024 | 34 | $62.7M | $1.1M | $1.8M | 817 |
| FY2023 | 26 | $30.5M | $1.0M | $1.2M | 549 |
| FY2022 | 37 | $49.7M | $790K | $1.3M | 534 |
| FY2021 | 70 | $115M | $992K | $1.6M | 1,158 |
| FY2020 | 28 | $38.1M | $952K | $1.4M | 733 |
| FY2019 | 24 | $36.6M | $1.2M | $1.5M | 377 |
| FY2018 | 24 | $25.0M | $225K | $1.0M | 496 |
| FY2017 | 23 | $29.9M | $1.2M | $1.3M | 539 |
| FY2016 | 26 | $26.5M | $505K | $1.0M | 521 |
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 125 approvals. First approval on file: FY2011.
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 | 275 | 31,863 | 639,905 |
| Cancelled or never disbursed | 27 | 3,596 | 79,313 |
| Disbursed loans | 248 | 28,267 | 560,592 |
| Paid in full | 188 | 20,064 | 435,813 |
| Charged off | 7 | 2,783 | 36,891 |
| Still outstanding (status exempt from disclosure) | 53 | 5,420 | 87,888 |
| Charged off, share of disbursed loans | 2.8% | 9.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.8% | 3.1% | 2.5% |
| Dollars charged off | $3.0M | $442M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 59 | 32 | 0 | 0.0% | 2.8% |
| FY2020 | 26 | 17 | 0 | — | 4.0% |
| FY2019 | 20 | 16 | 0 | — | 6.7% |
| FY2018 | 22 | 16 | 2 | — | 7.9% |
| FY2017 | 22 | 21 | 0 | — | 7.7% |
| FY2016 | 24 | 19 | 3 | — | 7.2% |
| FY2015 | 11 | 10 | 0 | — | 6.9% |
| FY2014 | 20 | 16 | 2 | — | 6.4% |
| FY2013 | 25 | 23 | 0 | — | 6.0% |
| FY2012 | 11 | 10 | 0 | — | 6.3% |
| FY2011 | 8 | 8 | 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 | $992K | $190K |
| Average approval | $1.5M | $518K |
| Approvals of $150,000 or less | 5.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 27.1% | 34.3% |
| Approvals to franchise businesses | 4.7% | 11.5% |
| Jobs supported per approval, as reported | 19.0 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.8% | 6.6% |
States served
| # | State of the business (7 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 184 | $280M | 95.8% | |
| 2 | New York | 2 | — | 1.0% | |
| 3 | New Jersey | 2 | — | 1.0% | |
| 4 | Kentucky | 1 | — | 0.5% | |
| 5 | Louisiana | 1 | — | 0.5% | |
| 6 | Arizona | 1 | — | 0.5% | |
| 7 | Illinois | 1 | — | 0.5% |
In Florida the lender accounts for 0.8% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (25 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Palm Beach County, FL | 89 | $152M | 46.4% | |
| 2 | Broward County, FL | 40 | $57.2M | 20.8% | |
| 3 | Miami-Dade County, FL | 12 | $13.7M | 6.3% | |
| 4 | Martin County, FL | 9 | $11.3M | 4.7% | |
| 5 | Lee County, FL | 6 | $4.6M | 3.1% | |
| 6 | Volusia County, FL | 5 | $4.2M | 2.6% | |
| 7 | Orange County, FL | 4 | $6.6M | 2.1% | |
| 8 | St. Lucie County, FL | 4 | $3.5M | 2.1% | |
| 9 | Duval County, FL | 3 | $9.2M | 1.6% | |
| 10 | Pinellas County, FL | 2 | — | 1.0% | |
| 11 | Hillsborough County, FL | 2 | — | 1.0% | |
| 12 | Monmouth County, NJ | 2 | — | 1.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 38 | 19.8% | |
| 2 | Accommodation and Food Services | 23 | 12.0% | |
| 3 | Health Care and Social Assistance | 20 | 10.4% | |
| 4 | Construction | 17 | 8.9% | |
| 5 | Transportation and Warehousing | 16 | 8.3% | |
| 6 | Retail Trade | 15 | 7.8% | |
| 7 | Manufacturing | 14 | 7.3% | |
| 8 | Wholesale Trade | 9 | 4.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 31 | 16.1% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 14 | 7.3% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 7 | 3.6% | |
| 4 | Activities Related to Credit IntermediationNAICS 5223 | 6 | 3.1% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 3.1% | |
| 6 | Traveler AccommodationNAICS 7211 | 6 | 3.1% | |
| 7 | Deep Sea, Coastal, and Great Lakes Water TransportationNAICS 4831 | 6 | 3.1% | |
| 8 | Child Day Care ServicesNAICS 6244 | 6 | 3.1% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 5 | 2.6% | |
| 10 | Offices of DentistsNAICS 6212 | 4 | 2.1% |
Approval sizes
- $50,001 to $150,0005.2%10
- $150,001 to $350,00013.0%25
- $350,001 to $1 million33.3%64
- $1 million to $2 million19.3%37
- Over $2 million29.2%56
Loan terms
- 5 years or less0.5%1
- Over 5 to 10 years27.1%52
- Over 10 to 20 years6.3%12
- Over 20 years66.1%127
Age of the businesses
- Existing, more than 2 years old57.3%110
- New business, 2 years or less18.2%35
- Startup, loan funds will open the business8.9%17
- Change of ownership15.1%29
- Not answered0.5%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 182 | 94.8% | |
| 2 | 7a General | 7 | 3.6% | |
| 3 | International Trade Loans | 3 | 1.6% |
Franchise share
9 of 192 approvals in FY2021–FY2025 (4.7%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Freedom Boat Club | 3 | 1.6% | |
| 2 | AlphaGraphics | 1 | 0.5% | |
| 3 | Facilities Pro-Sweep | 1 | 0.5% | |
| 4 | Mayweather Boxing & Fitness | 1 | 0.5% | |
| 5 | The Poke Company | 1 | 0.5% | |
| 6 | My Gym Children's Fitness Center | 1 | 0.5% | |
| 7 | The Driveway Company | 1 | 0.5% |
Questions and answers
How many SBA loans does Paradise Bank make?
SBA approved 25 7(a) loans through Paradise Bank in FY2025, worth $37.7M, and 192 over FY2021 to FY2025. That ranks 198th of 2,184 active 7(a) lenders by number of approvals.
How large are Paradise Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $992K and the average $1.5M. The program-wide median was $190K.
What is Paradise Bank's charge-off rate?
Of 248 disbursed loans approved in FY2010 to FY2021, SBA records 7 as charged off (2.8%), 188 as paid in full and 53 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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 Paradise Bank lend to most?
By number of approvals in FY2021 to FY2025: automotive repair and maintenance (31); restaurants and other eating places (14); services to buildings and dwellings (7); activities related to credit intermediation (6).
Where does Paradise Bank make SBA loans?
In 7 states and territories. Florida 184, New York 2, New Jersey 2, Kentucky 1, Louisiana 1. In Florida it accounts for 0.8% of all 7(a) approvals.
Is Paradise Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 85, against 135 in the three before: falling (-37%).
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