The U.S. Small Business Administration (SBA) Miami District Office serves around 24 different counties, which have a combined population base of nearly 400,000 residents. This multi-county service area is a major U.S tourism area and is the top state in the cruise industry. There is a diverse economic base with international trade, manufacturing, real estate, aerospace, life sciences, and financial services.
Finding the best and cheapest business loans has always been a hassle, so we make it easier by comparing all the best SBA lenders in Miami for you. After reading our analysis, please click apply now and we will able to match you with the best SBA loan providers in Miami.
GoSBA Loans is proud to announce the 2020, top 50 SBA banks providing SBA loans in Miami. As one of the top 10 cities for small business entrepreneurs, Miami SBA loan providers financed 2,498 businesses valued over $1.1 billion for the FY of 2019.
One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in Miami include some of the larger banks like JPMorgan Chase and Wells Fargo, as well as some smaller players, including Celtic Bank and First Home Bank. Unfortunately, these banks have some of the strongest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in Miami. Applicants that apply for a SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top Miami SBA lenders. Here is our GoSBA’s official ranking for the 50 Best Miami SBA Lenders In 2020.
|RANK||BANK||LOANS FUNDED||VOLUME FUNDED ($)|
|1||Live Oak Banking||38||$67,531,000|
|3||First Home Bank||140||$53,354,400|
|5||Newtek Small Business||78||$42,619,600|
|6||Wells Fargo Bank||250||$38,135,200|
|8||Bank of America||51||$35,514,700|
|10||Seacoast National Bank||50||$24,315,900|
|12||The Bank of Tampa||23||$22,957,000|
|13||JPMorgan Chase Bank||125||$22,925,700|
|18||Readycap Lending, LLC||18||$16,142,400|
|22||United Community Bank||18||$14,612,000|
|23||Valley National Bank||24||$14,166,000|
|26||Midwest Regional Bank||17||$11,618,000|
|27||Fifth Third Bank||30||$11,260,700|
|35||First Savings Bank||6||$8,637,100|
|36||Celtic Bank Corporation||34||$8,627,500|
|37||Branch Banking and Trust||16||$8,413,700|
|38||Touchmark National Bank||3||$8,255,000|
|40||First Financial Bank||2||$8,025,000|
|41||World Trade Finance, Inc.||2||$8,000,000|
|44||First-Citizens Bank & Trust||10||$7,488,000|
|46||IBM Southeast Empl CU||12||$6,949,000|
|47||First Citrus Bank||12||$6,769,500|
|49||American Momentum Bank||9||$6,561,700|
|50||First American Bank||10||$6,550,000|
Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in Miami.