Lenders › Seacoast National Bank
7(a) lenderStuart, FloridaFDIC-insured bank151st of 2,184 by approvals
Seacoast 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 252 7(a) loans, worth $231M, through Seacoast National Bank of Stuart, Florida, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 151st among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 42 approvals totalling $58.0M, about level with FY2024 (42). FY2026 to 30 Jun 2026 adds 26 more.
The median approval was $500K, against $190K for the 7(a) program as a whole; 9.1% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 28 states and territories and 98 counties, led by Florida (63.9%), Colorado (4.4%) and New York (3.2%). The largest industry group was accommodation and food services at 16.3% of approvals, and 21.4% of approvals were to franchise businesses.
Of 962 disbursed loans approved in FY2010 to FY2021, SBA records 110 as charged off (11.4%), 493 as paid in full and 359 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* | 26 | $36.9M | $1.1M | $1.4M | 384 |
| FY2025 | 42 | $58.0M | $995K | $1.4M | 887 |
| FY2024 | 42 | $53.8M | $792K | $1.3M | 1,005 |
| FY2023 | 52 | $44.6M | $468K | $857K | 910 |
| FY2022 | 55 | $32.9M | $350K | $598K | 728 |
| FY2021 | 61 | $41.6M | $350K | $682K | 893 |
| FY2020 | 132 | $55.2M | $250K | $418K | 1,064 |
| FY2019 | 275 | $89.7M | $245K | $326K | 2,158 |
| FY2018 | 272 | $104M | $258K | $382K | 2,856 |
| FY2017 | 99 | $65.2M | $320K | $659K | 1,534 |
| FY2016 | 67 | $52.4M | $350K | $781K | 1,177 |
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 845 approvals. First approval on file: FY2010.
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 | 1,056 | 31,863 | 639,905 |
| Cancelled or never disbursed | 94 | 3,596 | 79,313 |
| Disbursed loans | 962 | 28,267 | 560,592 |
| Paid in full | 493 | 20,064 | 435,813 |
| Charged off | 110 | 2,783 | 36,891 |
| Still outstanding (status exempt from disclosure) | 359 | 5,420 | 87,888 |
| Charged off, share of disbursed loans | 11.4% | 9.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 4.8% | 3.1% | 2.5% |
| Dollars charged off | $20.2M | $442M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 53 | 21 | 1 | 1.9% | 2.8% |
| FY2020 | 113 | 50 | 8 | 7.1% | 4.0% |
| FY2019 | 255 | 85 | 46 | 18.0% | 6.7% |
| FY2018 | 260 | 108 | 39 | 15.0% | 7.9% |
| FY2017 | 94 | 63 | 5 | 5.3% | 7.7% |
| FY2016 | 63 | 50 | 4 | 6.3% | 7.2% |
| FY2015 | 33 | 29 | 3 | 9.1% | 6.9% |
| FY2014 | 16 | 15 | 1 | — | 6.4% |
| FY2013 | 18 | 17 | 1 | — | 6.0% |
| FY2012 | 14 | 13 | 1 | — | 6.3% |
| FY2011 | 26 | 25 | 1 | — | 6.9% |
| FY2010 | 17 | 17 | 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 | $500K | $190K |
| Average approval | $916K | $518K |
| Approvals of $150,000 or less | 9.1% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 28.6% | 34.3% |
| Approvals to franchise businesses | 21.4% | 11.5% |
| Jobs supported per approval, as reported | 17.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 11.4% | 6.6% |
States served
| # | State of the business (28 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 161 | $121M | 63.9% | |
| 2 | Colorado | 11 | $13.7M | 4.4% | |
| 3 | New York | 8 | $13.1M | 3.2% | |
| 4 | Texas | 8 | $7.6M | 3.2% | |
| 5 | New Jersey | 7 | $9.3M | 2.8% | |
| 6 | Massachusetts | 6 | $6.1M | 2.4% | |
| 7 | Arizona | 5 | $10.0M | 2.0% | |
| 8 | California | 5 | $6.3M | 2.0% | |
| 9 | South Carolina | 4 | $4.8M | 1.6% | |
| 10 | Mississippi | 4 | $4.0M | 1.6% | |
| 11 | Georgia | 4 | $2.5M | 1.6% | |
| 12 | Tennessee | 4 | $2.4M | 1.6% |
In Florida the lender accounts for 0.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (98 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Orange County, FL | 23 | $14.0M | 9.1% | |
| 2 | Palm Beach County, FL | 19 | $10.0M | 7.5% | |
| 3 | Miami-Dade County, FL | 18 | $14.1M | 7.1% | |
| 4 | Brevard County, FL | 14 | $13.1M | 5.6% | |
| 5 | Martin County, FL | 12 | $16.4M | 4.8% | |
| 6 | Broward County, FL | 11 | $13.9M | 4.4% | |
| 7 | Hillsborough County, FL | 8 | $7.2M | 3.2% | |
| 8 | Seminole County, FL | 7 | $5.5M | 2.8% | |
| 9 | Denver County, CO | 6 | $8.2M | 2.4% | |
| 10 | Levy County, FL | 5 | $4.2M | 2.0% | |
| 11 | Volusia County, FL | 5 | $3.7M | 2.0% | |
| 12 | St. Lucie County, FL | 5 | $1.5M | 2.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 41 | 16.3% | |
| 2 | Health Care and Social Assistance | 39 | 15.5% | |
| 3 | Retail Trade | 29 | 11.5% | |
| 4 | Other Services (except Public Administration) | 27 | 10.7% | |
| 5 | Professional, Scientific, and Technical Services | 25 | 9.9% | |
| 6 | Construction | 17 | 6.7% | |
| 7 | Wholesale Trade | 15 | 6.0% | |
| 8 | Manufacturing | 14 | 5.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 38 | 15.1% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 15 | 6.0% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 13 | 5.2% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 12 | 4.8% | |
| 5 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 10 | 4.0% | |
| 6 | Offices of PhysiciansNAICS 6211 | 9 | 3.6% | |
| 7 | Offices of DentistsNAICS 6212 | 6 | 2.4% | |
| 8 | Personal Care ServicesNAICS 8121 | 6 | 2.4% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 5 | 2.0% | |
| 10 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 5 | 2.0% |
Approval sizes
- $50,000 or less0.8%2
- $50,001 to $150,0008.3%21
- $150,001 to $350,00030.2%76
- $350,001 to $1 million33.3%84
- $1 million to $2 million15.9%40
- Over $2 million11.5%29
Loan terms
- 5 years or less0.4%1
- Over 5 to 10 years51.6%130
- Over 10 to 20 years17.5%44
- Over 20 years30.6%77
Age of the businesses
- Existing, more than 2 years old49.2%124
- New business, 2 years or less7.5%19
- Startup, loan funds will open the business21.0%53
- Change of ownership22.2%56
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 219 | 86.9% | |
| 2 | SBA Express Program | 21 | 8.3% | |
| 3 | 7a General | 11 | 4.4% | |
| 4 | Working Capital CAPLine | 1 | 0.4% |
Franchise share
54 of 252 approvals in FY2021–FY2025 (21.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Domino's Pizza | 13 | 5.2% | |
| 2 | Hotworx | 9 | 3.6% | |
| 3 | The Goddard School | 3 | 1.2% | |
| 4 | Interstate Batteries | 2 | 0.8% | |
| 5 | Pearle Vision | 2 | 0.8% | |
| 6 | NYPD Pizza | 2 | 0.8% | |
| 7 | Cold Stone Creamery | 2 | 0.8% | |
| 8 | Servpro | 1 | 0.4% |
Questions and answers
How many SBA loans does Seacoast National Bank make?
SBA approved 42 7(a) loans through Seacoast National Bank in FY2025, worth $58.0M, and 252 over FY2021 to FY2025. That ranks 151st of 2,184 active 7(a) lenders by number of approvals.
How large are Seacoast National Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $500K and the average $916K. The program-wide median was $190K.
What is Seacoast National Bank's charge-off rate?
Of 962 disbursed loans approved in FY2010 to FY2021, SBA records 110 as charged off (11.4%), 493 as paid in full and 359 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 Seacoast National Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (38); automotive repair and maintenance (15); offices of other health practitioners (13); other amusement and recreation industries (12).
Where does Seacoast National Bank make SBA loans?
In 28 states and territories. Florida 161, Colorado 11, New York 8, Texas 8, New Jersey 7. In Florida it accounts for 0.7% of all 7(a) approvals.
Is Seacoast National Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 136, against 248 in the three before: falling (-45%).
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