Best SBA Lenders in Tallahassee, FL (2026)
2025 FOIA data: top lenders, rates & industries for Tallahassee SBA loans
SBA Loans in Tallahassee, Florida
Looking for an SBA loan in Tallahassee, Florida? Based on 2025 FOIA data, 45 SBA 7(a) loans were funded in Tallahassee totaling $30.6M, supporting an estimated 564 jobs. With 23 active lenders competing for business in the Tallahassee market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Tallahassee is $680K at an average rate of 10.33%. The top lender in Tallahassee is Peoples Bank, with the most-funded industry being Hotels (except Casino Hotels) and Motels. See all Florida SBA lenders for statewide rankings.
SBA Loans in Tallahassee by Business Type
Whether you’re starting a new business in Tallahassee, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 25% of SBA loans in Tallahassee (8 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 23% (7 loans) — if you’re looking to buy a business in Tallahassee, this is a proven use case for SBA financing. Existing businesses make up 26% and typically receive the most favorable terms.
Top SBA Lenders in Tallahassee, FL (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Tallahassee businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Peoples Bank | $5.0M | 1 | 8.5% |
| 2 | United Community Bank | $5.0M | 1 | 7% |
| 3 | Centennial Bank | $3.6M | 1 | 9.5% |
| 4 | Farmers and Merchants Bank | $2.7M | 1 | 8.5% |
| 5 | Newtek Bank, National Association | $2.6M | 5 | 10.4% |
| 6 | Synovus Bank | $1.9M | 2 | 9.45% |
| 7 | Cadence Bank | $1.8M | 1 | 9.5% |
| 8 | The Huntington National Bank | $1.7M | 5 | 9.8% |
| 9 | Bank Five Nine | $1.3M | 1 | 8.75% |
| 10 | Readycap Lending, LLC | $1.1M | 4 | 11.31% |
The top lenders in Tallahassee have direct experience with local businesses and understand the Tallahassee market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Tallahassee and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Tallahassee
One 5-minute application. 23+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Tallahassee
These are the industries that received the most SBA 7(a) funding in Tallahassee in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Hotels (except Casino Hotels) and Motels | 1 | $5.0M |
| Limited-Service Restaurants | 1 | $5.0M |
| Child Day Care Services | 7 | $4.0M |
| Glass and Glazing Contractors | 1 | $3.6M |
| Full-Service Restaurants | 5 | $2.9M |
| Educational Support Services | 1 | $2.7M |
| Computer Systems Design Services | 1 | $1.8M |
| Landscaping Services | 3 | $836K |
| Other Building Equipment Contractors | 1 | $500K |
| Wholesale Trade Agents and Brokers | 1 | $500K |
Lenders with experience funding your specific industry in Tallahassee understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Tallahassee
Option 1: Apply directly to one of the top Tallahassee lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Tallahassee-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
