FY20231 Oct 2022 – 30 Sep 2023
SBA loans in Florida, FY2023
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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 5,240 loans in Florida: 4,625 under 7(a) and 615 under 504, worth $2.90bn.
That is up 30% on FY2022, when there were 4,027 approvals worth $2.69bn.
Florida accounted for 8.3% of the 63,286 approvals nationwide that year. 194 lenders had at least one approval in the state; TD Bank, National Association had the most, 825.
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 FY2023, of 194 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | Miami-Dade County | 1,174 | $479M | 22.4% | 689 | +485 |
| 2 | Broward County | 610 | $281M | 11.6% | 424 | +186 |
| 3 | Palm Beach County | 427 | $242M | 8.1% | 291 | +136 |
| 4 | Orange County | 396 | $243M | 7.6% | 283 | +113 |
| 5 | Hillsborough County | 343 | $182M | 6.5% | 325 | +18 |
| 6 | Pinellas County | 246 | $166M | 4.7% | 242 | +4 |
| 7 | Duval County | 188 | $132M | 3.6% | 178 | +10 |
| 8 | Sarasota County | 135 | $95.5M | 2.6% | 87 | +48 |
| 9 | Lee County | 133 | $89.8M | 2.5% | 120 | +13 |
| 10 | Seminole County | 120 | $70.5M | 2.3% | 92 | +28 |
| 11 | Pasco County | 116 | $71.1M | 2.2% | 104 | +12 |
| 12 | Brevard County | 103 | $50.2M | 2.0% | 94 | +9 |
| 13 | Polk County | 97 | $44.0M | 1.9% | 72 | +25 |
| 14 | Manatee County | 92 | $79.3M | 1.8% | 80 | +12 |
| 15 | St. Johns County | 86 | $58.6M | 1.6% | 68 | +18 |
| 16 | Lake County | 82 | $41.6M | 1.6% | 37 | +45 |
| 17 | Volusia County | 79 | $59.4M | 1.5% | 89 | -10 |
| 18 | Collier County | 73 | $49.4M | 1.4% | 68 | +5 |
| 19 | Osceola County | 73 | $42.3M | 1.4% | 70 | +3 |
| 20 | St. Lucie County | 61 | $40.3M | 1.2% | 66 | -5 |
| 21 | Martin County | 60 | $34.7M | 1.1% | 41 | +19 |
| 22 | Marion County | 60 | $22.7M | 1.1% | 45 | +15 |
| 23 | Escambia County | 44 | $27.7M | 0.8% | 38 | +6 |
| 24 | Okaloosa County | 39 | $21.5M | 0.7% | 28 | +11 |
| 25 | Clay County | 37 | $24.6M | 0.7% | 37 | 0 |
| 26 | Alachua County | 36 | $28.5M | 0.7% | 24 | +12 |
| 27 | Indian River County | 35 | $12.1M | 0.7% | 43 | -8 |
| 28 | Leon County | 35 | $21.8M | 0.7% | 36 | -1 |
| 29 | Bay County | 29 | $19.6M | 0.6% | 18 | +11 |
| 30 | Charlotte County | 27 | $24.2M | 0.5% | 33 | -6 |
| 31 | Hernando County | 24 | $13.8M | 0.5% | 13 | +11 |
| 32 | Walton County | 21 | $14.0M | 0.4% | 20 | +1 |
| 33 | Flagler County | 17 | $8.7M | 0.3% | 9 | +8 |
| 34 | Citrus County | 16 | $10.8M | 0.3% | 20 | -4 |
| 35 | Monroe County | 15 | $17.8M | 0.3% | 17 | -2 |
| 36 | Highlands County | 12 | $8.1M | 0.2% | 11 | +1 |
| 37 | Santa Rosa County | 11 | $9.3M | 0.2% | 21 | -10 |
| 38 | Columbia County | 10 | $3.2M | 0.2% | 10 | 0 |
| 39 | Sumter County | 8 | $8.2M | 0.2% | 11 | -3 |
| 40 | Levy County | 8 | $7.7M | 0.2% | 5 | +3 |
The 40 counties with the most approvals; every county is on the Florida page.
FY2023 against FY2022
| Florida | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 4,625 | 3,249 |
| 7(a) dollars | $2.23bn | $1.95bn |
| Median 7(a) approval | $200K | $250K |
| 504 approvals | 615 | 778 |
| 504 dollars | $668M | $732M |
| Jobs supported, as reported | 56,252 | 42,996 |
Questions and answers
Which lenders made the most SBA loans in Florida in FY2023?
TD Bank, National Association (825), The Huntington National Bank (411), BayFirst National Bank (329), Florida Business Development Corporation (319), Wells Fargo Bank National Association (287). 194 lenders had at least one approval.
How many SBA loans were approved in Florida in FY2023?
5,240: 4,625 under 7(a) worth $2.23bn and 615 under 504 worth $668M.
Which Florida counties had the most SBA approvals in FY2023?
Miami-Dade County (1,174), Broward County (610), Palm Beach County (427), Orange County (396), Hillsborough County (343).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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