Lending data
Who actually lends to wholesale businesses in Florida?
1,113 SBA 7(a) loans went to wholesale businesses in Florida recently, at a median of $245,000. Here are the lenders that made them, ranked.
1,113 SBA 7(a) loans went to wholesale businesses in Florida in the most recent fiscal years. The median was $245,000 over 10 years. The most active lender was TD Bank, with 179 loans.
What lending to wholesale 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 | Wholesale trade, Florida | All 7(a) borrowers |
|---|---|---|
| Loans approved | 1,113 | 214,102 |
| Median loan | $245,000 | $150,000 |
| 25th - 75th percentile | $112,500 - $500,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.80% | 10.25% |
| Share to startups | 12.9% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 12.5% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to wholesale 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 | 179 | $105,000 | 15% | 11.30% |
| Newtek Bank | 115 | $271,000 | 9% | 11.00% |
| JPMorgan Chase Bank | 89 | $230,000 | 3% | 12.30% |
| BayFirst National Bank | 88 | $150,000 | 1% | 12.25% |
| Bank of America | 81 | $300,000 | 4% | 9.48% |
| Northeast Bank | 46 | $150,000 | 9% | 10.75% |
| Wells Fargo Bank | 41 | $20,000 | 85% | 13.00% |
| Readycap Lending, LLC | 33 | $115,000 | 0% | 11.25% |
| Lendistry SBLC, LLC | 29 | $222,700 | 0% | 12.00% |
| The Huntington National Bank | 23 | $240,000 | 0% | 10.25% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $245,000 is 63% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- This is a hard market for new businesses. Only 13% 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 34% of these loans, so the shortlist below covers most of the active market.
- Rates run higher here. The median initial rate of 10.80% is 0.55 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. 12.5% 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.
Which of them lend to new businesses
Of those loans, 12.9% 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 |
|---|---|---|---|---|
| Wells Fargo Bank | 35 | $20,000 | 85% | 13.00% |
| TD Bank | 27 | $105,000 | 15% | 11.30% |
| Newtek Bank | 10 | $271,000 | 9% | 11.00% |
| Hancock Whitney Bank | 8 | $350,000 | 89% | 11.00% |
| Colony Bank | 5 | $150,000 | 36% | 11.50% |
| Byline Bank | 5 | $990,000 | 71% | 11.00% |
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
- Wholesale in comparable states: New York, California, Texas, New Jersey, Ohio, Illinois