SBA Ledger

States › Florida

State7.8% of US approvals355 lenders active

SBA loans in Florida

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

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.

SBA approved 26,882 small business loans in Florida in FY2021 to FY2025: 23,281 under the 7(a) program and 3,601 under 504, worth $16.4bn together.

That is 41.6 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 7.8% of all approvals in the country (2nd of 54 states and territories).

In FY2025 there were 7,015 approvals totalling $4.00bn, about level with FY2024. The median 7(a) approval over the five years was $240K and the median 504 approval $624K.

355 lenders had at least one approval in the state; by number of 7(a) approvals the most active were TD Bank, National Association (3,113), The Huntington National Bank (1,637) and Newtek Bank, National Association (1,358).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 9.8% as charged off, against 6.6% nationally.

7,015approvals, FY202526,882 in FY2021–FY2025
$4.00bnapproved, FY2025$16.4bn in FY2021–FY2025
41.6approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$240Kmedian 7(a) approvalUS: $190K
9.8%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

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. Data through 30 Jun 2026.

Most active 7(a) lenders in Florida

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in FL, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1TD Bank, National AssociationWilmington, DE3,113$492M13.4%$50K14.4%
2The Huntington National BankColumbus, OH1,637$631M7.0%$92K5.7%
3Newtek Bank, National AssociationMiami, FL1,358$607M5.8%$225K—
4BayFirst National BankSaint Petersburg, FL1,178$348M5.1%$150K19.2%
5Wells Fargo Bank National AssociationSioux Falls, SD1,178$159M5.1%$15K7.9%
6Readycap Lending, LLCBerkeley Heights, NJ1,117$354M4.8%$138K4.3%
7Northeast BankLewiston, ME976$150M4.2%$106K12.8%
8Bank of America, National AssociationCharlotte, NC829$354M3.6%$300K2.6%
9JPMorgan Chase Bank, National AssociationColumbus, OH794$165M3.4%$200K7.4%
10Live Oak Banking CompanyWilmington, NC614$871M2.6%$850K2.2%
11SouthState Bank, National AssociationWinter Haven, FL531$289M2.3%$350K2.8%
12Newtek Small Business Finance, Inc.Lake Success, NY498$319M2.1%$300K6.8%
13United Midwest Savings Bank National AssociationDe Graff, OH472$140M2.0%$150K15.9%
14Celtic Bank CorporationSalt Lake City, UT353$175M1.5%$150K17.0%
15First Internet Bank of IndianaFishers, IN261$370M1.1%$895K5.3%
16Lendistry SBLC, LLCLos Angeles, CA252$51.1M1.1%$150K22.7%
17First Bank of the LakeOsage Beach, MO222$201M1.0%$350K2.7%
18Lake Michigan CUGrand Rapids, MI219$207M0.9%$516K3.0%
19PNC Bank, National AssociationWilmington, DE212$77.0M0.9%$50K8.1%
20Fifth Third BankCincinnati, OH209$134M0.9%$200K5.5%
21Regions BankBirmingham, AL191$158M0.8%$527K4.7%
22Paradise BankBoca Raton, FL184$280M0.8%$992K2.8%
23Truist BankCharlotte, NC177$214M0.8%$771K4.5%
24TowneBankPortsmouth, VA172$141M0.7%$638K3.3%
25Seacoast National BankStuart, FL161$121M0.7%$500K11.4%
26Citizens BankElizabethton, TN156$110M0.7%$495K5.4%
27Harvest Small Business Finance, LLCLaguna Hills, CA155$139M0.7%$765K0.4%
28Byline BankChicago, IL153$138M0.7%$806K9.5%
29Valley National BankPassaic, NJ151$175M0.6%$688K2.5%
30Banesco USAMiami, FL149$111M0.6%$483K1.1%
31Hancock Whitney BankGulfport, MS149$89.0M0.6%$385K2.9%
32Pinnacle BankNashville, TN144$209M0.6%$745K6.0%
33Beacon Bank and TrustBrookline, MA143$193M0.6%$630K4.6%
34United Community BankGreenville, SC143$149M0.6%$550K4.5%
35Colony BankFitzgerald, GA133$69.0M0.6%$150K7.0%
36The Bank of TampaTampa, FL129$117M0.6%$500K4.0%
37City National Bank of FloridaMiami, FL124$76.6M0.5%$350K10.7%
38DFCU FinancialDearborn, MI122$112M0.5%$457K3.4%
39Customers BankMalvern, PA107$78.3M0.5%$500K6.8%
40First National Bank of PennsylvaniaGreenville, PA103$87.8M0.4%$621K9.2%

504 certified development companies

#LenderApprovals in FL, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Florida Business Development CorporationTampa, FL · 504 CDC1,689$1.53bn46.9%$597K1.2%
2Florida First Capital Finance Corporation, Inc.Tallahassee, FL · 504 CDC1,641$1.75bn45.6%$684K1.1%
3Sunshine State Economic Development CorporationClearwater, FL · 504 CDC223$192M6.2%$540K1.8%
4Independent Development Services CorporationFort Myers, FL · 504 CDC34$56.3M0.9%$1.4M0.7%
5Southern Development CouncilMountain Brook, AL · 504 CDC4$4.1M0.1%$665K3.7%
6Small Business Growth CorporationSpringfield, IL · 504 CDC3$5.6M0.1%$609K1.4%
7Certified Development Corporation of South CarolinaColumbia, SC · 504 CDC3$5.3M0.1%$1.1M2.6%
8Southland Economic Development CorporationSanta Ana, CA · 504 CDC1—0.0%$901K0.4%
9Indiana Statewide Certified Development CorporationIndianapolis, IN · 504 CDC1—0.0%$599K1.7%
10Business Finance CapitalLos Angeles, CA · 504 CDC1—0.0%$937K0.6%
11Rural Missouri, Inc.Jefferson City, MO · 504 CDC1—0.0%$588K0.8%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*3,299$1.87bn$250K424$506M3,72337,512
FY20256,302$3.22bn$220K713$774M7,01566,371
FY20245,903$2.83bn$175K660$720M6,56365,875
FY20234,625$2.23bn$200K615$668M5,24056,252
FY20223,249$1.95bn$250K778$732M4,02742,996
FY20213,202$2.58bn$392K835$658M4,03748,072
FY20202,376$1.47bn$285K687$562M3,06331,388
FY20193,376$1.63bn$155K478$408M3,85435,948
FY20183,692$1.69bn$150K424$360M4,11639,974
FY20173,556$1.61bn$150K459$390M4,01537,994
FY20163,383$1.55bn$150K457$322M3,84039,845

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in Florida by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1Miami-Dade County5,138$2.52bn98,39452.2
2Broward County3,061$1.68bn68,19144.9
3Palm Beach County2,157$1.37bn55,80338.7
4Orange County1,946$1.19bn45,58842.7
5Hillsborough County1,944$1.21bn42,97745.2
6Pinellas County1,355$868M32,50941.7
7Duval County1,035$732M28,34236.5
8Lee County823$598M22,75636.2
9Sarasota County682$474M15,98942.7
10Seminole County608$362M14,89740.8
11Brevard County603$359M15,51038.9
12Pasco County595$387M11,97549.7
13Polk County552$330M13,99239.5
14Volusia County519$367M14,36736.1
15Manatee County500$381M11,17644.7
16St. Johns County464$299M8,63353.7
17Collier County443$264M14,54130.5
18Osceola County398$215M8,61746.2
19St. Lucie County347$212M7,29247.6
20Lake County346$218M8,84939.1
21Marion County293$188M8,38934.9
22Martin County253$188M6,40039.5
23Escambia County226$177M7,65029.5
24Okaloosa County221$154M6,01136.8
25Charlotte County203$141M4,60144.1
26Leon County202$129M8,16324.7
27Alachua County193$140M6,72128.7
28Indian River County187$119M4,82038.8
29Clay County180$113M4,45540.4
30Bay County168$102M5,30631.7
31Walton County140$105M3,34841.8
32Hernando County129$74.2M3,87433.3
33Santa Rosa County113$76.5M3,44232.8
34Nassau County108$78.4M2,26147.8
35Monroe County104$71.7M4,15425.0
36Citrus County87$59.7M3,06328.4
37Flagler County82$44.4M2,69830.4
38Highlands County64$45.7M2,13829.9
39Columbia County50$27.2M1,49233.5
40Sumter County47$43.1M2,08122.6
41Levy County37$26.4M88641.8
42Okeechobee County28$22.7M92230.4
43Putnam County24$22.0M1,33118.0
44Jackson County23$16.9M79928.8
45Hendry County22$22.2M77228.5
46Suwannee County19$15.6M75525.2
47Gadsden County17$17.1M73423.2
48Bradford County14$10.1M46030.4
49DeSoto County13$8.1M56623.0
50Baker County12$6.3M46126.0
51Wakulla County11$10.2M50921.6
52Dixie County11$10.0M21650.9
53Taylor County10$11.2M43523.0
54Gulf County9$9.7M40522.2
55Madison County9$9.1M32827.4
56Franklin County8$8.3M32424.7
57Holmes County7$7.0M30023.3
58Gilchrist County7$7.6M29523.7
59Hardee County6$7.4M43613.8
60Washington County5$4.0M44511.2
61Hamilton County5$2.7M16031.3
62Union County5$1.5M14833.8
63Jefferson County5$3.6M28917.3
64Calhoun County4$2.6M18521.6
65Glades County3$502K13422.4
66Liberty County1—8611.6
67Lafayette County1—1128.9

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Restaurants and Other Eating PlacesNAICS 72252,111$1.50bn7.9%
2Offices of Other Health PractitionersNAICS 6213992$393M3.7%
3Services to Buildings and DwellingsNAICS 5617895$360M3.3%
4Building Equipment ContractorsNAICS 2382886$450M3.3%
5Personal Care ServicesNAICS 8121796$238M3.0%
6Automotive Repair and MaintenanceNAICS 8111786$641M2.9%
7Other Amusement and Recreation IndustriesNAICS 7139645$424M2.4%
8Management, Scientific, and Technical Consulting ServicesNAICS 5416619$161M2.3%
9Building Finishing ContractorsNAICS 2383613$273M2.3%
10Residential Building ConstructionNAICS 2361607$222M2.3%
11Other Specialty Trade ContractorsNAICS 2389602$413M2.2%
12Offices of PhysiciansNAICS 6211548$400M2.0%
13Child Day Care ServicesNAICS 6244531$499M2.0%
14General Freight TruckingNAICS 4841512$97.6M1.9%
15Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412493$193M1.8%

Sectors

#NAICS sectorApprovalsShare
1Construction3,47512.9%
2Health Care and Social Assistance3,19311.9%
3Professional, Scientific, and Technical Services2,99511.1%
4Retail Trade2,74310.2%
5Accommodation and Food Services2,69610.0%
6Other Services (except Public Administration)2,5469.5%
7Wholesale Trade1,7946.7%
8Administrative and Support and Waste Management and Remediation Services1,6346.1%
9Manufacturing1,4555.4%
10Transportation and Warehousing1,2344.6%

Franchise brands

#BrandApprovalsShare
1The UPS Store900.3%
2Culver's ButterBurgers & Frozen Custard470.2%
3Tropical Smoothie Cafe290.1%
4Hotworx280.1%
5Crumbl270.1%
6Jeremiah's Italian Ice270.1%
7Anytime Fitness240.1%
8Marco's Pizza230.1%
9Fastsigns220.1%
10Quality Inn210.1%

How earlier loans turned out

Florida, 7(a)9.8%
United States, 7(a)6.6%
Florida, 5041.0%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021FL 7(a)US 7(a)FL 504US 504
Approvals in these years31,863639,9056,69485,591
Cancelled or never disbursed3,59679,3131,51512,514
Disbursed loans28,267560,5925,17973,077
Paid in full20,064435,8132,69735,491
Charged off2,78336,89153905
Still outstanding (status exempt from disclosure)5,42087,8882,42936,681
Charged off, share of disbursed loans9.8%6.6%1.0%1.2%
Dollars charged off, share of disbursed dollars3.1%2.5%0.6%0.9%
Dollars charged off$442M$5.70bn$20.4M$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025FloridaUnited States
Approvals per 1,000 establishments41.641.0
Median 7(a) approval$240K$190K
Median 504 approval$624K$657K
504 share of approvals13.4%11.0%
Jobs supported per approval, as reported10.410.5
Approvals, change on FY2016–FY202042%10%

Questions and answers

Which lenders make the most SBA loans in Florida?

By 7(a) approvals in FY2021 to FY2025: TD Bank, National Association (3,113), The Huntington National Bank (1,637), Newtek Bank, National Association (1,358), BayFirst National Bank (1,178), Wells Fargo Bank National Association (1,178). For 504 loans: Florida Business Development Corporation (1,689), Florida First Capital Finance Corporation, Inc. (1,641), Sunshine State Economic Development Corporation (223). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in Florida?

The median 7(a) approval was $240K and the median 504 approval $624K; the average across both programs was $609K.

Which industries get the most SBA loans in Florida?

Restaurants and Other Eating Places (2,111); Offices of Other Health Practitioners (992); Services to Buildings and Dwellings (895); Building Equipment Contractors (886); Personal Care Services (796).

Which Florida counties receive the most SBA loans?

Miami-Dade County (5,138), Broward County (3,061), Palm Beach County (2,157), Orange County (1,946), Hillsborough County (1,944), by approvals in FY2021 to FY2025.

Is SBA lending in Florida rising?

Approvals in the three latest complete fiscal years total 18,818, against 11,127 in the three before: rising (+69%).

What share of SBA loans in Florida are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 9.8% are recorded as charged off (national: 6.6%); for 504 loans the figure is 1.0% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

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. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error