Local lending data
Who lends to businesses in Miami-dade County?
3,330 SBA 7(a) loans went to businesses in Miami-dade County recently, at a median of $150,000. The lenders that made them, ranked, with local rates and startup share.
3,330 SBA 7(a) loans went to businesses in Miami-dade County in the most recent fiscal years, at a median of $150,000. The most active lender was TD Bank, with 796 loans.
SBA lending in Miami-dade 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 | Miami-dade County | Florida | National |
|---|---|---|---|
| Loans approved | 3,330 | 16,898 | 214,102 |
| Median loan | $150,000 | $215,000 | $150,000 |
| 25th - 75th percentile | $59,875 - $350,000 | $80,000 - $500,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years | 10 years |
| Median initial rate | 11.05% | 10.50% | 10.25% |
| Share to startups | 18.5% | 30.7% | 33.6% |
| Charge-off rate, FY2010-19 | 14.0% | 10.6% | 7.1% |
| Jobs supported | 26,239 | 170,625 | 2,142,602 |
Which lenders actually funded them
Ranked by loans approved to businesses in Miami-dade 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 | 796 | $70,000 | 20% | 11.50% |
| Newtek Bank | 272 | $200,000 | 12% | 11.25% |
| Readycap Lending, LLC | 224 | $129,250 | 8% | 11.25% |
| JPMorgan Chase Bank | 218 | $200,000 | 2% | 12.43% |
| Bank of America | 207 | $300,000 | 5% | 9.75% |
| BayFirst National Bank | 180 | $150,000 | 1% | 12.25% |
| Wells Fargo Bank | 162 | $15,000 | 93% | 13.50% |
| Northeast Bank | 122 | $150,000 | 7% | 10.75% |
| The Huntington National Bank | 118 | $250,000 | 51% | 10.50% |
| SouthState Bank | 75 | $100,000 | 8% | 11.25% |
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.
- This is a hard market for new businesses. Only 18% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
- No single lender dominates, but the top three made 39% of these loans, so the shortlist below covers most of the active market.
- Rates run higher here. The median initial rate of 11.05% is 0.80 points above the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- Lenders have been burned here before. 14.0% of loans to this market from the FY2010-2019 cohorts were charged off, against 7.1% overall. That history is why underwriting in this sector is tighter than the numbers alone would suggest — it is not personal.
Who borrows in Miami-dade County
The mix of industries taking SBA loans here, led by professional services.
| Sector | Loans | Share |
|---|---|---|
| Professional Services | 493 | 14.8% |
| Wholesale | 443 | 13.3% |
| Construction | 353 | 10.6% |
| Healthcare | 321 | 9.6% |
| Retail | 310 | 9.3% |
| Personal Services | 293 | 8.8% |
| Trucking | 233 | 7.0% |
| Manufacturing | 192 | 5.8% |
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: Broward County, Palm Beach County, Orange County, Hillsborough County, Pinellas County, Duval County, Lee County, Sarasota County