SBA acquisition lenders in Florida
1,685 SBA 7(a) change-of-ownership loans in Florida, FY2024–FY2026. Lender rankings, typical loan size, rates and the industries changing hands.
- Acquisitions financed
- 1,685
- Total approved
- $2.1B
- Median loan
- $831K
- Middle half of loans
- $350K to $1.8M
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in Florida
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 217 | 13% | $400K | $178.9M |
| 2 | Live Oak Banking Company | 213 | 13% | $960K | $320.4M |
| 3 | First Internet Bank of Indiana | 123 | 7% | $1.1M | $182.1M |
| 4 | Beacon Bank and Trust | 46 | 3% | $1.1M | $68.6M |
| 5 | United Midwest Savings Bank National Association | 44 | 3% | $833K | $40.0M |
| 6 | Byline Bank | 42 | 2% | $1.1M | $46.3M |
| 7 | Pathward National Association | 39 | 2% | $1.2M | $73.6M |
| 8 | BayFirst National Bank | 35 | 2% | $367K | $22.2M |
| 9 | TowneBank | 33 | 2% | $817K | $34.8M |
| 10 | Newtek Bank, National Association | 29 | 2% | $200K | $14.0M |
| 11 | Customers Bank | 26 | 2% | $542K | $27.8M |
| 12 | The Fidelity Bank | 25 | 1% | $801K | $20.7M |
| 13 | GBank | 23 | 1% | $2.8M | $64.1M |
| 14 | Readycap Lending, LLC | 23 | 1% | $984K | $37.7M |
| 15 | United Community Bank | 23 | 1% | $655K | $25.1M |
What is being bought in Florida
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 101 | 6% | $548K | $95.5M |
| 2 | All Other Specialty Trade Contractors | 87 | 5% | $833K | $124.8M |
| 3 | Landscaping Services | 58 | 3% | $487K | $52.5M |
| 4 | Child Care Services | 49 | 3% | $774K | $51.7M |
| 5 | Limited-Service Restaurants | 40 | 2% | $476K | $27.6M |
| 6 | Insurance Agencies and Brokerages | 39 | 2% | $1.2M | $61.6M |
| 7 | Plumbing, Heating, and Air-Conditioning Contractors | 37 | 2% | $946K | $54.8M |
| 8 | Offices of Certified Public Accountants | 32 | 2% | $1.0M | $37.3M |
| 9 | General Automotive Repair | 30 | 2% | $980K | $38.7M |
| 10 | Home Health Care Services | 29 | 2% | $828K | $35.0M |
| 11 | Janitorial Services | 27 | 2% | $254K | $10.0M |
| 12 | Hotels (except Casino Hotels) and Motels | 26 | 2% | $5.0M | $107.3M |
| 13 | Other Personal and Household Goods Repair and Maintenance | 24 | 1% | $450K | $19.5M |
| 14 | Other Services to Buildings and Dwellings | 23 | 1% | $513K | $17.3M |
| 15 | Offices of Dentists | 21 | 1% | $1.2M | $25.2M |
Florida by industry
- Full-Service Restaurants 101
- All Other Specialty Trade Contractors 87
- Landscaping Services 58
- Child Care Services 49
- Limited-Service Restaurants 40
- Insurance Agencies and Brokerages 39
- Plumbing, Heating, and Air-Conditioning Contractors 37
- Offices of Certified Public Accountants 32
- General Automotive Repair 30
- Home Health Care Services 29
- Janitorial Services 27
- Hotels (except Casino Hotels) and Motels 26
- Other Personal and Household Goods Repair and Maintenance 24
- Other Services to Buildings and Dwellings 23
- Offices of Dentists 21
- All Other Professional, Scientific, and Technical Services 21
- Tax Preparation Services 21
- Electrical Contractors and Other Wiring Installation Contractors 19
- Offices of Chiropractors 19
- Residential Remodelers 18
- Other Building Finishing Contractors 18
- Assisted Living Facilities for the Elderly 15
- Drycleaning and Laundry Services (except Coin-Operated) 15
- Services for the Elderly and Persons with Disabilities 15
- Engineering Services 14
- Residential Property Managers 14
- Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance 13
- Commercial Printing (except Screen and Books) 13
- Offices of All Other Miscellaneous Health Practitioners 13
- Fitness and Recreational Sports Centers 13
- All Other Personal Services 12
- Other Personal Care Services 12
- Beauty Salons 12
- Pet Care (except Veterinary) Services 12
- Automotive Body, Paint, and Interior Repair and Maintenance 11
- Roofing Contractors 11
- Flooring Contractors 11
- Offices of Mental Health Practitioners (except Physicians) 11
- Private Mail Centers 11
- Snack and Nonalcoholic Beverage Bars 11
- Poured Concrete Foundation and Structure Contractors 10
- Other Building Material Dealers 10
- Gasoline Stations with Convenience Stores 10
- Pet and Pet Supplies Retailers 10
- Supermarkets and Other Grocery Retailers (except Convenience Retailers) 9
- Offices of Physicians (except Mental Health Specialists) 9
- Other Foundation, Structure, and Building Exterior Contractors 9
- All Other Miscellaneous Retailers 9
- Administrative Management and General Management Consulting Services 9
- Sign Manufacturing 9
- Car Washes 8
- Finish Carpentry Contractors 8
- Pharmacies and Drug Retailers 8
- Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers 8
- Couriers and Express Delivery Services 8
- Remediation Services 8
- Offices of Physical, Occupational and Speech Therapists, and Audiologists 8
- Other Accounting Services 8
- Painting and Wall Covering Contractors 8
- Ornamental and Architectural Metal Work Manufacturing 7
- Other Heavy and Civil Engineering Construction 7
- Advertising Agencies 7
- Machine Shops 7
- All Other Outpatient Care Centers 7
- Veterinary Services 7
- Local Messengers and Local Delivery 7
- Cosmetics, Beauty Supplies, and Perfume Retailers 7
- Commercial and Institutional Building Construction 6
- Floor Covering Retailers 6
- Other Construction Material Merchant Wholesalers 6
- New Single-Family Housing Construction (except For-Sale Builders) 6
- Offices of Real Estate Agents and Brokers 6
- Other Services Related to Advertising 6
- Caterers 6
- Drinking Places (Alcoholic Beverages) 6
- Glass and Glazing Contractors 5
- Beer, Wine, and Liquor Retailers 5
- Optical Goods Retailers 5
- Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers 5
- Nonresidential Property Managers 5
- All Other General Merchandise Retailers 5
- Furniture Retailers 5
- Coin-Operated Laundries and Drycleaners 5
- Sporting Goods Retailers 5
- Other Miscellaneous Durable Goods Merchant Wholesalers 5