Florida SBA lending, from federal loan records
SBA Lenders Actively Funding Businesses in Florida
Since FY2020, 372 lenders have funded 28,757 SBA loans worth $18B for businesses in Florida. Borrowers reported 296,300 jobs supported by those loans. Below is who actually writes them, how big they run, and which Florida businesses get funded.
Most active SBA lenders in Florida
Ranked by loans funded for Florida projects since FY2020, not by advertising budget. A lender headquartered elsewhere that funds heavily in Florida beats a local name that rarely writes SBA loans.
504 loans are written by Certified Development Companies alongside a bank first mortgage. The 504 file reports no interest rate, so CDC rows show none.
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Start your funding profile →How big Florida SBA loans run
Share of Florida 7(a) loans by approval size, next to the national split. If your ask sits in a common band, it is the kind of loan lenders here fund every week.
| 7(a) loan size | FL | US |
|---|---|---|
| Under $150K | 33.6% | 40.4% |
| $150K to $500K | 35.6% | 31.9% |
| $500K to $1M | 14.9% | 12.9% |
| $1M and up | 16% | 14.9% |
Who gets funded in Florida
Business age on Florida 7(a) loans. 11.2% funded a change of ownership, against 11.1% nationally. Buying a business? See the acquisition lender shortlist. Starting one? See startup-friendly lenders.
| Business stage | FL | US |
|---|---|---|
| Established, more than 2 years | 56.1% | 55.2% |
| New, 2 years or less | 16.3% | 16.9% |
| Startup, loan opens the business | 16.3% | 16.8% |
| Change of ownership (buying a business) | 11.2% | 11.1% |
Industries Florida SBA lenders fund most
Share of all Florida SBA loans by industry, and how that compares with the national mix.
| Industry | FL loans | Share | Compared with US |
|---|---|---|---|
| Construction | 3,705 | 12.9% | in line with national |
| Healthcare | 3,437 | 12% | 1.2x the national share |
| Professional services | 3,178 | 11.1% | 1.2x the national share |
| Retail | 2,929 | 10.2% | 0.8x the national share |
| Restaurants and hotels | 2,923 | 10.2% | 0.8x the national share |
| Personal and repair services | 2,712 | 9.4% | in line with national |
| Wholesale trade | 1,866 | 6.5% | 1.5x the national share |
| Business support services | 1,830 | 6.4% | 1.2x the national share |
The most common specific business types funded in Florida: full-service restaurants (1,088), limited-service restaurants (828), plumbing, heating, and air-conditioning contractors (580), all other specialty trade contractors (567), fitness and recreational sports centers (537), offices of physicians (except mental health specialists) (521).
Where in Florida the loans go
| County | SBA loans since FY2020 | Share of state |
|---|---|---|
| Miami-Dade | 5,294 | 18% |
| Broward | 3,157 | 11% |
| Palm Beach | 2,343 | 8% |
| Hillsborough | 2,128 | 7% |
| Orange | 2,031 | 7% |
| Pinellas | 1,487 | 5% |
| Duval | 1,104 | 4% |
| Lee | 938 | 3% |
7(a) or 504 in Florida
14% of Florida SBA loans are 504 loans, against 12% nationally. A 504 loan funds owner-occupied real estate or major equipment, with a median of $612K here. A 7(a) loan covers almost anything else, including working capital and buying a business. The busiest 504 lenders in Florida:
- Florida First Capital Finance Corporation, Inc.: 1,980 504 loans, median $669K
- Florida Business Development Corporation: 1,810 504 loans, median $562K
- Sunshine State Economic Development Corporation: 253 504 loans, median $507K
- Independent Development Services Corporation: 46 504 loans, median $1.3M
Florida SBA lending by year
| Fiscal year | 7(a) loans | 504 loans | Dollars |
|---|---|---|---|
| FY2020 | 2,083 | 535 | $1.7B |
| FY2021 | 2,780 | 670 | $2.8B |
| FY2022 | 2,890 | 647 | $2.4B |
| FY2023 | 4,118 | 547 | $2.6B |
| FY2024 | 5,121 | 621 | $3.1B |
| FY2025 | 4,907 | 667 | $3.4B |
| FY2026 (through June 30, 2026) | 2,752 | 419 | $2.2B |
The SBA fiscal year runs October through September.
Common questions
Who is the most active SBA lender in Florida?
By funded loans since FY2020, TD Bank, National Association leads Florida with 3,257 loans.
How big is a typical SBA loan in Florida?
The median 7(a) loan in Florida is $250K, and the middle half runs from $95K to $602K. The median 504 loan is $612K. Nationally the 7(a) median is $200K.
What interest rate do Florida SBA borrowers get?
The median starting rate on Florida 7(a) loans since FY2020 is 10%, against 9.25% nationally. 90% of those loans carry a variable rate, which moves with the prime rate.
Can a startup get an SBA loan in Florida?
Yes. 33% of Florida 7(a) loans with a reported business age went to startups or businesses two years old or younger, against 34% nationally. Lenders still expect a solid plan, owner equity and usually collateral.
Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records, FY2020 through June 30, 2026, for projects located in Florida. Cancelled approvals are excluded. Jobs supported are as reported by borrowers. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.