FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Florida, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 6,563 loans in Florida: 5,903 under 7(a) and 660 under 504, worth $3.55bn.
That is up 25% on FY2023, when there were 5,240 approvals worth $2.90bn.
Florida accounted for 8.6% of the 76,235 approvals nationwide that year. 210 lenders had at least one approval in the state; TD Bank, National Association had the most, 757.
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 FY2024, of 210 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | Miami-Dade County | 1,308 | $642M | 19.9% | 1,174 | +134 |
| 2 | Broward County | 793 | $375M | 12.1% | 610 | +183 |
| 3 | Palm Beach County | 583 | $302M | 8.9% | 427 | +156 |
| 4 | Orange County | 480 | $257M | 7.3% | 396 | +84 |
| 5 | Hillsborough County | 427 | $238M | 6.5% | 343 | +84 |
| 6 | Pinellas County | 314 | $183M | 4.8% | 246 | +68 |
| 7 | Duval County | 226 | $146M | 3.4% | 188 | +38 |
| 8 | Lee County | 218 | $151M | 3.3% | 133 | +85 |
| 9 | Sarasota County | 150 | $101M | 2.3% | 135 | +15 |
| 10 | Polk County | 148 | $81.0M | 2.3% | 97 | +51 |
| 11 | Pasco County | 144 | $94.5M | 2.2% | 116 | +28 |
| 12 | Seminole County | 143 | $62.7M | 2.2% | 120 | +23 |
| 13 | Volusia County | 141 | $69.4M | 2.1% | 79 | +62 |
| 14 | Collier County | 131 | $67.3M | 2.0% | 73 | +58 |
| 15 | Brevard County | 127 | $58.4M | 1.9% | 103 | +24 |
| 16 | Manatee County | 115 | $77.2M | 1.8% | 92 | +23 |
| 17 | St. Johns County | 102 | $51.9M | 1.6% | 86 | +16 |
| 18 | Osceola County | 100 | $58.1M | 1.5% | 73 | +27 |
| 19 | St. Lucie County | 89 | $42.8M | 1.4% | 61 | +28 |
| 20 | Lake County | 79 | $60.0M | 1.2% | 82 | -3 |
| 21 | Marion County | 74 | $53.4M | 1.1% | 60 | +14 |
| 22 | Escambia County | 55 | $34.8M | 0.8% | 44 | +11 |
| 23 | Okaloosa County | 52 | $27.7M | 0.8% | 39 | +13 |
| 24 | Charlotte County | 51 | $32.0M | 0.8% | 27 | +24 |
| 25 | Alachua County | 49 | $30.1M | 0.7% | 36 | +13 |
| 26 | Martin County | 47 | $24.8M | 0.7% | 60 | -13 |
| 27 | Bay County | 47 | $25.8M | 0.7% | 29 | +18 |
| 28 | Clay County | 39 | $18.7M | 0.6% | 37 | +2 |
| 29 | Leon County | 38 | $24.2M | 0.6% | 35 | +3 |
| 30 | Walton County | 37 | $32.4M | 0.6% | 21 | +16 |
| 31 | Hernando County | 29 | $15.3M | 0.4% | 24 | +5 |
| 32 | Indian River County | 29 | $9.5M | 0.4% | 35 | -6 |
| 33 | Nassau County | 27 | $15.9M | 0.4% | 7 | +20 |
| 34 | Santa Rosa County | 24 | $8.8M | 0.4% | 11 | +13 |
| 35 | Monroe County | 23 | $11.1M | 0.4% | 15 | +8 |
| 36 | Highlands County | 16 | $7.1M | 0.2% | 12 | +4 |
| 37 | Flagler County | 15 | $5.9M | 0.2% | 17 | -2 |
| 38 | Columbia County | 14 | $8.6M | 0.2% | 10 | +4 |
| 39 | Sumter County | 12 | $5.0M | 0.2% | 8 | +4 |
| 40 | Citrus County | 8 | $8.6M | 0.1% | 16 | -8 |
The 40 counties with the most approvals; every county is on the Florida page.
FY2024 against FY2023
| Florida | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 5,903 | 4,625 |
| 7(a) dollars | $2.83bn | $2.23bn |
| Median 7(a) approval | $175K | $200K |
| 504 approvals | 660 | 615 |
| 504 dollars | $720M | $668M |
| Jobs supported, as reported | 65,875 | 56,252 |
Questions and answers
Which lenders made the most SBA loans in Florida in FY2024?
TD Bank, National Association (757), Newtek Bank, National Association (561), Readycap Lending, LLC (482), BayFirst National Bank (369), The Huntington National Bank (336). 210 lenders had at least one approval.
How many SBA loans were approved in Florida in FY2024?
6,563: 5,903 under 7(a) worth $2.83bn and 660 under 504 worth $720M.
Which Florida counties had the most SBA approvals in FY2024?
Miami-Dade County (1,308), Broward County (793), Palm Beach County (583), Orange County (480), Hillsborough County (427).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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