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.
Monthly SBA Loan Payment*
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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.
