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 60 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 2019, Florida SBA loan providers funded 3,372 businesses for total Florida SBA loan volume of over $1.6 billion. 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, Newtek Small Business Finance, First Home, TD Bank, Wells Fargo, Bank of America, Paradise Bank, The Huntington National Bank, and BankUnited. These ten lenders have funded 1,672 businesses with a loan volume of $594.5 million 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 2020:

 

RANK	BANK	LOANS FUNDED	VOLUME FUNDED ($)
1	Live Oak Banking Company	64	$119,996,000
2	SunTrust Bank	133	$80,964,300
3	Newtek Small Business Finance, Inc.	108	$62,384,400
4	First Home Bank	181	$62,176,000
5	TD Bank, National Association	652	$61,355,200
6	Wells Fargo Bank, National Association	337	$60,189,000
7	Bank of America, National Association	59	$41,117,500
8	Paradise Bank	24	$36,933,000
9	The Huntington National Bank	76	$35,454,500
10	BankUnited, National Association	38	$33,957,100
11	CenterState Bank, National Association	41	$33,581,400
12	Seacoast National Bank	78	$32,207,700
13	BBVA USA	20	$31,117,100
14	Stone Bank	26	$26,683,100
15	JPMorgan Chase Bank, National Association	152	$26,365,400
16	Pilot Bank	23	$26,093,200
17	The Bank of Tampa	23	$22,957,000
18	Centennial Bank	18	$22,619,400
19	Stearns Bank National Association	87	$22,433,500
20	Celtic Bank Corporation	54	$22,293,800
21	Ameris Bank	21	$22,037,500
22	Synovus Bank	16	$20,373,300
23	United Community Bank	27	$20,077,000
24	IncredibleBank	11	$18,971,500
25	Banesco USA	11	$18,250,000
26	Valley National Bank	30	$17,809,500
27	Readycap Lending, LLC	21	$17,629,600
28	American Momentum Bank	21	$15,808,300
29	Citibank, N.A.	15	$14,797,300
30	Byline Bank	11	$14,520,500
31	Regions Bank	21	$14,417,800
32	Midwest Regional Bank	23	$14,378,000
33	Independence Bank	100	$13,825,000
34	Fifth Third Bank	47	$13,801,600
35	Pacific Premier Bank	3	$13,589,000
36	Branch Banking and Trust Company	29	$12,841,800
37	IBERIABANK	17	$12,675,900
38	First Financial Bank	8	$11,762,000
39	PromiseOne Bank	5	$11,744,000
40	United Midwest Savings Bank, National Association	67	$11,722,000
41	Citizens Bank	16	$11,328,200
42	Radius Bank	7	$11,224,200
43	Atlantic Capital Bank, National Association	15	$10,983,000
44	First Bank	21	$10,973,600
45	Berkshire Bank	9	$10,670,000
46	CRF Small Business Loan Company, LLC	18	$10,486,700
47	Axiom Bank, National Association	12	$10,375,000
48	Hancock Whitney Bank	21	$10,231,100
49	First-Citizens Bank & Trust Company	15	$9,882,000
50	PNC Bank, National Association	39	$9,847,000

 

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