FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Florida, FY2018
That fiscal year's approvals by lender and by county.
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 4,116 loans in Florida: 3,692 under 7(a) and 424 under 504, worth $2.05bn.
That is about level with FY2017, when there were 4,015 approvals worth $2.00bn.
Florida accounted for 6.2% of the 66,228 approvals nationwide that year. 147 lenders had at least one approval in the state; TD Bank, National Association had the most, 817.
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.
Approvals by lender
The 40 lenders with the most approvals to Florida businesses in FY2018, of 147 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 7(a) | 817 | $65.0M | 19.8% | 631 | +186 |
| 2 | Wells Fargo Bank National Association | 7(a) | 311 | $71.1M | 7.6% | 438 | -127 |
| 3 | JPMorgan Chase Bank, National Association | 7(a) | 217 | $39.8M | 5.3% | 261 | -44 |
| 4 | Florida First Capital Finance Corporation, Inc. | 504 | 213 | $201M | 5.2% | 229 | -16 |
| 5 | Florida Business Development Corporation | 504 | 167 | $127M | 4.1% | 186 | -19 |
| 6 | Truist Bank | 7(a) | 154 | $94.6M | 3.7% | 201 | -47 |
| 7 | Seacoast National Bank | 7(a) | 131 | $69.5M | 3.2% | 95 | +36 |
| 8 | Northeast Bank | 7(a) | 113 | $16.3M | 2.7% | 48 | +65 |
| 9 | BayFirst National Bank | 7(a) | 101 | $35.4M | 2.5% | 120 | -19 |
| 10 | Stearns Bank National Association | 7(a) | 95 | $34.8M | 2.3% | 71 | +24 |
| 11 | The Huntington National Bank | 7(a) | 91 | $34.6M | 2.2% | 70 | +21 |
| 12 | PNC Bank, National Association | 7(a) | 89 | $38.4M | 2.2% | 148 | -59 |
| 13 | Celtic Bank Corporation | 7(a) | 87 | $22.5M | 2.1% | 112 | -25 |
| 14 | Newtek Small Business Finance, Inc. | 7(a) | 86 | $67.3M | 2.1% | 66 | +20 |
| 15 | Independence Bank | 7(a) | 77 | $8.8M | 1.9% | 63 | +14 |
| 16 | Live Oak Banking Company | 7(a) | 70 | $93.6M | 1.7% | 63 | +7 |
| 17 | Regions Bank | 7(a) | 68 | $61.6M | 1.7% | 82 | -14 |
| 18 | BankUnited, National Association | 7(a) | 66 | $55.6M | 1.6% | 66 | 0 |
| 19 | Fifth Third Bank | 7(a) | 65 | $25.2M | 1.6% | 55 | +10 |
| 20 | United Midwest Savings Bank National Association | 7(a) | 60 | $11.1M | 1.5% | 22 | +38 |
| 21 | SouthState Bank, National Association | 7(a) | 56 | $53.0M | 1.4% | 45 | +11 |
| 22 | Ameris Bank | 7(a) | 42 | $47.9M | 1.0% | 32 | +10 |
| 23 | Hancock Whitney Bank | 7(a) | 37 | $12.6M | 0.9% | 53 | -16 |
| 24 | Valley National Bank | 7(a) | 36 | $27.0M | 0.9% | 38 | -2 |
| 25 | Sunshine State Economic Development Corporation | 504 | 36 | $19.7M | 0.9% | 32 | +4 |
| 26 | Pinnacle Bank | 7(a) | 29 | $31.0M | 0.7% | 29 | 0 |
| 27 | United Community Bank | 7(a) | 29 | $28.1M | 0.7% | 23 | +6 |
| 28 | Bank of America, National Association | 7(a) | 28 | $24.7M | 0.7% | 31 | -3 |
| 29 | First-Citizens Bank & Trust Company | 7(a) | 28 | $9.2M | 0.7% | 57 | -29 |
| 30 | Happen Bank | 7(a) | 27 | $39.9M | 0.7% | 21 | +6 |
| 31 | Stone Bank | 7(a) | 24 | $16.1M | 0.6% | 1 | +23 |
| 32 | Paradise Bank | 7(a) | 23 | $24.8M | 0.6% | 23 | 0 |
| 33 | Midwest Regional Bank | 7(a) | 23 | $15.7M | 0.6% | 11 | +12 |
| 34 | Readycap Lending, LLC | 7(a) | 22 | $21.2M | 0.5% | 10 | +12 |
| 35 | Five Star Bank | 7(a) | 22 | $5.3M | 0.5% | 0 | new |
| 36 | American Momentum Bank | 7(a) | 19 | $11.7M | 0.5% | 16 | +3 |
| 37 | Simmons Bank | 7(a) | 19 | $5.6M | 0.5% | 21 | -2 |
| 38 | First Bank | 7(a) | 18 | $24.3M | 0.4% | 6 | +12 |
| 39 | Banesco USA | 7(a) | 18 | $22.5M | 0.4% | 13 | +5 |
| 40 | iTHINK Financial Credit Union | 7(a) | 17 | $18.9M | 0.4% | 22 | -5 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Miami-Dade County | 797 | $314M | 19.4% | 646 | +151 |
| 2 | Broward County | 447 | $181M | 10.9% | 456 | -9 |
| 3 | Palm Beach County | 386 | $137M | 9.4% | 367 | +19 |
| 4 | Hillsborough County | 317 | $145M | 7.7% | 311 | +6 |
| 5 | Orange County | 267 | $172M | 6.5% | 257 | +10 |
| 6 | Pinellas County | 198 | $105M | 4.8% | 212 | -14 |
| 7 | Duval County | 176 | $108M | 4.3% | 188 | -12 |
| 8 | Lee County | 124 | $56.6M | 3.0% | 131 | -7 |
| 9 | Brevard County | 121 | $39.1M | 2.9% | 127 | -6 |
| 10 | Sarasota County | 102 | $39.8M | 2.5% | 73 | +29 |
| 11 | Seminole County | 97 | $58.4M | 2.4% | 102 | -5 |
| 12 | Volusia County | 87 | $44.2M | 2.1% | 70 | +17 |
| 13 | Collier County | 82 | $52.1M | 2.0% | 76 | +6 |
| 14 | Pasco County | 82 | $49.6M | 2.0% | 73 | +9 |
| 15 | Manatee County | 78 | $66.2M | 1.9% | 82 | -4 |
| 16 | Polk County | 72 | $51.4M | 1.7% | 58 | +14 |
| 17 | Osceola County | 57 | $37.1M | 1.4% | 53 | +4 |
| 18 | St. Johns County | 55 | $48.6M | 1.3% | 52 | +3 |
| 19 | Okaloosa County | 48 | $28.2M | 1.2% | 40 | +8 |
| 20 | Lake County | 47 | $32.2M | 1.1% | 41 | +6 |
| 21 | Marion County | 43 | $21.6M | 1.0% | 48 | -5 |
| 22 | Escambia County | 42 | $27.7M | 1.0% | 51 | -9 |
| 23 | St. Lucie County | 37 | $21.7M | 0.9% | 59 | -22 |
| 24 | Alachua County | 34 | $8.1M | 0.8% | 33 | +1 |
| 25 | Charlotte County | 32 | $23.4M | 0.8% | 35 | -3 |
| 26 | Martin County | 28 | $17.2M | 0.7% | 45 | -17 |
| 27 | Leon County | 27 | $23.2M | 0.7% | 39 | -12 |
| 28 | Bay County | 24 | $15.3M | 0.6% | 26 | -2 |
| 29 | Indian River County | 24 | $10.6M | 0.6% | 31 | -7 |
| 30 | Walton County | 18 | $4.8M | 0.4% | 17 | +1 |
| 31 | Hernando County | 16 | $10.9M | 0.4% | 23 | -7 |
| 32 | Nassau County | 16 | $6.8M | 0.4% | 16 | 0 |
| 33 | Clay County | 16 | $11.1M | 0.4% | 39 | -23 |
| 34 | Flagler County | 14 | $8.9M | 0.3% | 11 | +3 |
| 35 | Columbia County | 13 | $6.0M | 0.3% | 10 | +3 |
| 36 | Santa Rosa County | 12 | $7.2M | 0.3% | 16 | -4 |
| 37 | Sumter County | 12 | $18.1M | 0.3% | 6 | +6 |
| 38 | Monroe County | 12 | $2.0M | 0.3% | 22 | -10 |
| 39 | Suwannee County | 6 | $3.4M | 0.1% | 9 | -3 |
| 40 | Highlands County | 6 | $1.5M | 0.1% | 5 | +1 |
The 40 counties with the most approvals; every county is on the Florida page.
FY2018 against FY2017
| Florida | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 3,692 | 3,556 |
| 7(a) dollars | $1.69bn | $1.61bn |
| Median 7(a) approval | $150K | $150K |
| 504 approvals | 424 | 459 |
| 504 dollars | $360M | $390M |
| Jobs supported, as reported | 39,974 | 37,994 |
Questions and answers
Which lenders made the most SBA loans in Florida in FY2018?
TD Bank, National Association (817), Wells Fargo Bank National Association (311), JPMorgan Chase Bank, National Association (217), Florida First Capital Finance Corporation, Inc. (213), Florida Business Development Corporation (167). 147 lenders had at least one approval.
How many SBA loans were approved in Florida in FY2018?
4,116: 3,692 under 7(a) worth $1.69bn and 424 under 504 worth $360M.
Which Florida counties had the most SBA approvals in FY2018?
Miami-Dade County (797), Broward County (447), Palm Beach County (386), Hillsborough County (317), Orange County (267).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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