Best SBA Lenders In Miami, FL (2027)
Miami businesses closed 429 SBA 7(a) loans worth $190M in FY2026, through 64 lenders. Newtek Bank led by dollar volume, and 30 of the loans financed business acquisitions.
Key Takeaways
- Newtek Bank was the top SBA lender in Miami with $28.3M across 85 loans.
- 30 business acquisitions were financed, averaging $1.3M per loan.
- The median loan was $200K, and loans averaged 10.3 years in term.
- Home Health Care Services drew the most SBA dollars of any industry.
Top SBA Lenders In Miami, FL
Ranked by SBA 7(a) dollar volume approved in FY2026. Average rate is the rate at approval.
| # | Lender | SBA Loans | Total Volume | Avg Loan | Avg Rate | Acquisition Loans |
|---|---|---|---|---|---|---|
| 1 | Newtek BankMiami, FL | 85 | $28.3M | $334K | 10.57% | 4 |
| 2 | Northeast BankLewiston, ME | 70 | $13.9M | $199K | 9.92% | 0 |
| 3 | Live Oak Banking CompanyWilmington, NC | 19 | $13.8M | $726K | 9.38% | 5 |
| 4 | Bank of AmericaCharlotte, NC | 16 | $9.1M | $566K | 8.48% | 1 |
| 5 | Pacific National BankMiami, FL | 2 | $7.8M | $3.9M | 9.62% | 0 |
| 6 | TD BankWilmington, DE | 60 | $6.6M | $111K | 9.79% | 0 |
| 7 | PromiseOne BankDuluth, GA | 2 | $6.3M | $3.1M | 7.88% | 0 |
| 8 | Beacon Bank and TrustBrookline, MA | 3 | $5.4M | $1.8M | 9.00% | 3 |
| 9 | Banesco USAMiami, FL | 2 | $5.0M | $2.5M | 8.62% | 0 |
| 10 | Cross River BankFort Lee, NJ | 1 | $5.0M | $5.0M | 9.50% | 1 |
| 11 | Pinnacle BankNashville, TN | 2 | $5.0M | $2.5M | 8.62% | 2 |
| 12 | Northwest BankWarren, PA | 1 | $4.9M | $4.9M | 8.50% | 0 |
| 13 | BankUnitedMiami Lakes, FL | 5 | $4.6M | $911K | 7.97% | 0 |
| 14 | American Momentum BankCollege Station, TX | 2 | $4.5M | $2.3M | 8.88% | 0 |
| 15 | Bank of HopeLos Angeles, CA | 2 | $4.5M | $2.2M | 8.38% | 0 |
Best SBA Lenders For Buying A Business In Miami
Business acquisition loans are SBA loans used to buy an existing company. They are larger than average and need more experience from the lender.
Most Active Acquisition Lenders
- Live Oak Banking Company5 acquisition loans
- Newtek Bank4 acquisition loans
- Beacon Bank and Trust3 acquisition loans
- Pinnacle Bank2 acquisition loans
- Bank of America1 acquisition loan
- Cross River Bank1 acquisition loan
Among this area's top 15 lenders by volume.
Buying A Business?
We take your deal to the SBA lenders that close the most acquisitions, so they compete for it. It is free to you.
Loan Sizes In Miami
How SBA dollars split by loan size.
Top Industries In Miami
Industries that drew the most SBA dollars.
SBA Lending In Miami Since 2020
SBA 7(a) dollars approved each fiscal year.
FY2026 dollar volume in Miami was down 26.5% from FY2025, and the loan count was down 36.6%. Part of that drop is the calendar: SBA approved no 7(a) loans in October 2025 during the federal government shutdown (October 1 to November 12, 2025), so FY2026 covers about 11 months of lending.
How To Choose An SBA Lender In Miami
Lending in Miami is spread out. 64 lenders made at least one SBA 7(a) loan, and the top five together made 38% of the dollars. That gives you room to compare offers, because no single bank sets the terms.
4 of the top 15 lenders are headquartered in FL, including Newtek Bank. Local banks can bring relationship banking and local credit knowledge; national SBA lenders bring speed and experience with larger acquisitions.
The average SBA loan here was $443K, below the national average of $578K. Smaller loans often go through SBA Express or a lender's small loan program, which can be quicker.
Among the top lenders with at least three loans, BankUnited had the lowest average rate at approval (7.97%). The overall average was 10.03%, and 93% of loans were variable. Rate depends heavily on loan size and term, so compare offers on the same structure.
Business acquisitions made up 20% of SBA dollars here, below the national share of 27%. 30 buyers used an SBA loan to purchase a business, with an average acquisition loan of $1.3M.
The fastest way to compare is to send one complete package to several lenders at once. That is what we do: GoSBA Loans takes your deal to the SBA lenders that fit it, and they compete for your business.
How Much You Need Down
For a business acquisition, SBA sets the minimum Down Payment. Lenders can ask for more.
- 10% minimum. SBA requires a Down Payment of at least 10% of the project for an initial business acquisition (SOP 50 10 8.1, Appendix 15).
- A seller note can cover up to half. When the seller finances part of the price on full standby, with no payments for the life of the SBA loan, it can count for up to half of the required Down Payment. That can bring your cash to 5%.
- Investors can help. Minority investors can fund part of the Down Payment. Anyone who owns 20% or more personally guarantees the loan.
- Ten year term for most acquisitions. Business acquisition loans without real estate run up to 10 years. Real estate in the deal can stretch the term.
Example For Miami
The average business acquisition loan here was $1.3M. At 10% down, that is a project of about $1.4M:
Illustration only. Your lender sets the final structure.
Questions About SBA Lenders In Miami
Who is the top SBA lender in Miami, FL?
Newtek Bank made the most SBA 7(a) dollars in Miami in FY2026: $28.3M across 85 loans.
How many SBA loans were made in Miami, FL?
SBA approved 429 7(a) loans totaling $190M in Miami in FY2026. The average loan was $443K and the median was $200K. 64 lenders made at least one loan.
What is the average SBA loan rate in Miami, FL?
The average initial rate on SBA 7(a) loans in Miami was 10.03% (9.12% weighted by loan size). 93% of loans had a variable rate tied to the Prime Rate. SBA caps the spread a lender can charge, and larger loans usually price lower.
Which SBA lender is best for buying a business in Miami, FL?
Live Oak Banking Company closed the most business acquisition loans among the top lenders here (5). The best lender for your deal depends on its size and industry, so it helps to have several lenders review it.
How much do I need down to buy a business in Miami, FL with an SBA loan?
SBA requires at least 10% down for a business acquisition. A seller note on full standby can cover up to half of that, so some buyers put in 5% of their own cash. On the average acquisition loan here ($1.3M), 10% down is roughly $143K.
Does GoSBA Loans charge borrowers?
No. GoSBA Loans is 100% free to borrowers. We prepare your loan package and take it to the SBA lenders that fit your deal.
Keep Exploring
Nearby Cities
- All SBA Lenders In Florida
- Orlando, FL$149M
- Tampa, FL$118M
- Jacksonville, FL$90.3M
- Fort Myers, FL$68.2M
- Fort Lauderdale, FL$54.0M
- Sarasota, FL$52.2M
- Saint Petersburg, FL$46.6M
- Naples, FL$43.0M
Top Industries Here
- Home Health Care Services
- Insurance Agencies and Brokerages
- All Other Professional, Scientific, and Technical Services
- Landscaping Services
- General Line Grocery Merchant Wholesalers
- Other Heavy and Civil Engineering Construction
- Hotels (except Casino Hotels) and Motels
- Other Activities Related to Real Estate
- Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- All Other Amusement and Recreation Industries
About this data. Rankings use SBA 7(a) loan approvals from the SBA FOIA data set, fiscal year 2026 (October 1, 2025 to September 30, 2026), as published by SBA through September 30, 2026. Lenders are ranked by approved dollar volume. Rates are the initial rate at approval, a simple average across loans; most SBA 7(a) loans are variable and move with the Prime Rate. Business acquisition loans are those SBA marks as a change of ownership. GoSBA Loans is an SBA loan broker, not a lender, and is not affiliated with SBA.
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