Lending data
Who actually lends to finance and insurance businesses in Florida?
412 SBA 7(a) loans went to finance and insurance businesses in Florida recently, at a median of $150,000. Here are the lenders that made them, ranked.
412 SBA 7(a) loans went to finance and insurance businesses in Florida in the most recent fiscal years. The median was $150,000 over 10 years. The most active lender was TD Bank, with 51 loans.
What lending to finance and insurance businesses in Florida actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Finance and insurance, Florida | All 7(a) borrowers |
|---|---|---|
| Loans approved | 412 | 214,102 |
| Median loan | $150,000 | $150,000 |
| 25th - 75th percentile | $100,000 - $500,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.50% | 10.25% |
| Share to startups | 16.3% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 6.5% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to finance and insurance businesses in Florida. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 51 | $65,000 | 18% | 11.00% |
| Readycap Lending, LLC | 40 | $111,250 | 15% | 11.25% |
| Newtek Bank | 35 | $150,000 | 9% | 11.50% |
| BayFirst National Bank | 34 | $150,000 | 3% | 12.75% |
| Live Oak Banking Company | 23 | $350,000 | 17% | 9.49% |
| Byline Bank | 21 | $500,000 | 19% | 10.50% |
| JPMorgan Chase Bank | 15 | $100,000 | 0% | 13.10% |
| Celtic Bank Corporation | 14 | $149,800 | 14% | 10.25% |
| The Huntington National Bank | 13 | $310,000 | 8% | 10.50% |
| SouthState Bank | 13 | $170,000 | 15% | 10.75% |
What stands out in this market
Reading the figures above 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 16% 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 31% of these loans, so the shortlist below covers most of the active market.
Which of them lend to new businesses
Of those loans, 16.3% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 9 | $65,000 | 18% | 11.00% |
| Readycap Lending, LLC | 6 | $111,250 | 15% | 11.25% |
| First Bank of the Lake | 4 | $150,000 | 80% | 10.25% |
| Bankwell Bank | 4 | $1,377,500 | 40% | 10.00% |
| Byline Bank | 4 | $500,000 | 19% | 10.50% |
| Live Oak Banking Company | 4 | $350,000 | 17% | 9.49% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- 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 the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Florida: construction, professional services, healthcare, personal services, restaurants and hotels, retail
- Finance in comparable states: California, Texas, New York, Ohio, Michigan, Pennsylvania