GoSBA’s Top 50 Florida SBA Lenders in 2024

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 2024:

 

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

You can use our SBA loan calculator to estimate your payments and total financing costs before applying for an SBA loan.

SBA Loan Calculator
Working Capital
Real Estate
Total Payments
120 monthly payments
Principal
$1,000,000.00
Total Interest Paid
$670,027.36
Total Financing Cost*
$1,670,027.36

Monthly SBA Loan Payment*

$13,916.89
/month
APPLY NOW

Amortization / Payment Schedule

Payment Payment Amount Principal Interest Balance
Payment Payment Amount Principal Interest Balance

Note: Estimated payments, not including taxes and insurance. Actual payments may vary.

 

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

Ishan Jetley

Ishan Jetley is the founder and managing director of GoSBALoans. Ishan has helped fund more than 400 businesses. He has helped businesses raise $150 million in SBA working capital, inventory and commercial property loans.

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