Local lending data
Who lends to businesses in Indian River County?
107 SBA 7(a) loans went to businesses in Indian River County recently, at a median of $150,000. The lenders that made them, ranked, with local rates and startup share.
107 SBA 7(a) loans went to businesses in Indian River County in the most recent fiscal years, at a median of $150,000. The most active lender was TD Bank, with 27 loans.
SBA lending in Indian River County, by the numbers
Every figure here is computed from SBA 7(a) loan-level FOIA data released 2026-06-30 — loans that were actually approved to businesses in this county, not advertised ranges.
| Measure | Indian River County | Florida | National |
|---|---|---|---|
| Loans approved | 107 | 16,898 | 214,102 |
| Median loan | $150,000 | $215,000 | $150,000 |
| 25th - 75th percentile | $50,000 - $500,000 | $80,000 - $500,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years | 10 years |
| Median initial rate | 10.75% | 10.50% | 10.25% |
| Share to startups | 27.1% | 30.7% | 33.6% |
| Charge-off rate, FY2010-19 | 7.9% | 10.6% | 7.1% |
| Jobs supported | 852 | 170,625 | 2,142,602 |
Which lenders actually funded them
Ranked by loans approved to businesses in Indian River County. The median, startup share and rate columns describe each lender's own loans in this county, not its national averages.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 27 | $50,000 | 22% | 11.30% |
| iTHINK Financial Credit Union | 6 | $296,500 | 50% | 9.50% |
| SouthState Bank | 6 | $225,000 | 0% | 11.12% |
| Readycap Lending, LLC | 6 | $42,500 | 0% | 14.75% |
| Wells Fargo Bank | 5 | $20,000 | 100% | 13.00% |
| Live Oak Banking Company | 5 | $300,000 | 40% | 9.50% |
| Newtek Bank | 4 | $797,500 | 25% | 11.50% |
| Beacon Bank and Trust | 3 | $393,000 | 33% | 11.00% |
| First Bank of the Lake | 3 | $150,000 | 33% | 12.75% |
| Northeast Bank | 3 | $100,000 | 0% | 10.75% |
What stands out here
Reading these figures against the national picture:
- Loan sizes are typical. The median of $150,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- Startup share is about average, at 27% against 34% nationally.
- One lender dominates. TD Bank alone made 25% of these loans, and the top three made 36%. That concentration usually means a lender with a dedicated program for this sector — worth starting there, but get a second quote so you know the terms are competitive.
- Rates run higher here. The median initial rate of 10.75% is 0.50 points above the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
Who borrows in Indian River County
The mix of industries taking SBA loans here, led by construction.
| Sector | Loans | Share |
|---|---|---|
| Construction | 26 | 24.3% |
| Admin Services | 12 | 11.2% |
| Healthcare | 11 | 10.3% |
| Professional Services | 10 | 9.3% |
| Personal Services | 8 | 7.5% |
| Retail | 8 | 7.5% |
| Manufacturing | 7 | 6.5% |
| Restaurants and Hotels | 5 | 4.7% |
How to use this
- Shortlist three lenders from the table whose median loan in this county is close to what you need. Size match matters more than brand.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year — see choosing an SBA lender.
- Check your coverage first with the affordability calculator, so you ask for a number your cash flow supports.
- Follow your sector link in the table above for lender data specific to your industry across Florida.
Other counties in Florida
- Nearby markets with published data: Miami-dade County, Broward County, Palm Beach County, Orange County, Hillsborough County, Pinellas County, Duval County, Lee County