Florida is listed fourth as one of the most successful economies in the United States. If Florida were a country of its own, it would rank as 17th in GDP. Their famous industries include agriculture and tourism that had contributed $1 trillion in Florida’s GDP.  Moreover, Florida’s tourism industry plays the biggest role in contributing to the state’s economy for housing Walt Disney World that generates more than a hundred billion dollars annually.

 

According to the U.S. Small Business Administration Office of Advocacy, there are 2.5 million small businesses that are established in Florida, that employ 3.3 million people. In FY 2018, Florida SBA loan providers funded 3,691 businesses for total Florida SBA loan volume of $1.6 million. Florida’s popular industries include hotels, restaurants, child day care, dentist offices, physician centers.

 

One of the challenges small businesses face is access to affordable financing. The highest ten lenders signing SBA-backed loans in Florida are Live Oak, SunTrust, Wells Fargo, Newtek Small Business Finance, TD Bank, Regions Bank, BankUnited, Seacoast National, First Home, and JPMorgan Chase. These ten lenders have funded 1,964 businesses with a loan volume of $625,157,455 in total. However, just because these ten are the most popular, it doesn’t mean these are the right lenders for your industry and your business size. After reading our analysis, please click apply now and we’d be happy to match you with the best SBA loan providers in Florida.

 

Here at GoSBA Loans, we understand the struggle of finding the best and cheapest business loan for your business. We are best at accommodating businesses looking for capital, purchasing equipment, refinancing high-interest loans, and those who are interested in buying commercial property or financing building improvements. We make lending loans for small businesses to have an easier, faster, and more affordable process.

 

GoSBA Loans is proud to announce the top 50 Florida GoSBA Lenders in 2019:

 

RANK	BANK	LOANS FUNDED	VOLUME FUNDED ($)
1	Live Oak Banking Company	70	$94,837,700
2	SunTrust Bank	124	$80,257,500
3	Wells Fargo Bank, National Association	311	$71,164,100
4	Newtek Small Business Finance, Inc.	86	$68,047,000
5	TD Bank, National Association	817	$66,200,618
6	Regions Bank	68	$61,628,800
7	BankUnited, National Association	66	$55,888,437
8	Seacoast National Bank	97	$49,638,700
9	First Home Bank	108	40,376,800
10	JPMorgan Chase Bank, National Association	217	$40,118,700
11	Radius Bank	27	$39,883,500
12	CenterState Bank, National Association	38	$38,762,400
13	Compass Bank	49	$35,016,700
14	Ameris Bank	23	$33,624,900
15	Stearns Bank National Association	93	$31,582,100
16	Synovous Bank	29	31,060,100
17	United Community Bank	29	$30,123,700
18	The Huntington National Bank	36	$27,140,000
19	Valley National Bank	36	$27,140,00
20	First Bank	21	$25,188,500
21	Paradise Bank	23	$24,729,600
22	Bank of America, National Association	28	$24,690,600
23	Fifth Third Bank	62	$24,690,300
24	Celtic Bank Corporation	87	$22,542,700
25	Independence Bank	186	$21,565,000
26	Readycap Lending, LLC/td>	22	$21,403,000
27	The Oculina Bank	17	$18,948,000
28	Banesco USA	11	$17,650,000
29	First Bank Financial Centre	9	$17,111,700
30	Midwest Regional Bank	23	$16,784,200
31	Stone Bank- Texas City	24	$16,268,400
32	First Federal Bank	11	$$16,256,000
33	Centennial Bank	14	$15,502,300
34	Fidelity Bank	19	$14,911,400
35	Central Illinois Bank	4	$14,625,000
36	The Bancorp Bank	17	$14,625,000
37	Branch Banking and Trust Company	30	$14,350,700
38	The Bank of Tampa	16	$13,370,000
39	Central Bank	9	$13,115,000
40	Hancock Whitney Bank	37	$12,831,600
41	Atlantic Capital Bank, National Association	12	$12,160,000
42	Axiom Bank, National Association	11	$11,842,400
43	First Citrus Bankk	10	$11,811,600
44	First Western SBLC, Inc	3	$11,776,000
45	American Momentum Bank	19	$11,740,700
46	United Midwest Savings Bank, Nationals Association	60	$11,307,000
47	First American Bank	10	$11,307,000
48	IBERIABANK	10	$10,543,100
49	Byline Bank	9	$$10,543,100
50	Evolve Bank & Trust	10	$10,030,300

 

Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in Florida.