Florida SBA 7(a) Lender Rankings for FY 2023

RANK Lender # SBA 7(a) Loans Approved $ SBA 7(a) Loans Amount Approved Average Loan Size 1 TD Bank, National Association (DE) 825 $112,752,900 $136,670 2 Newtek Small Business Finance, Inc. (NY) 180 $108,334,500 $601,858 3 Live Oak Banking Company (NC) 71 $104,346,000 $1,469,662 4 BayFirst National Bank (FL) 363 $101,958,300 $280,877 5 The Huntington…

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Bobby Goff Joins Gulf Coast Small Business Lending as Senior Vice President

“Bobby is a fantastic addition to our Gulf Coast Small Business Lending team. Gulf Coast Small Business Lending has been, and remains, bullish about SBA lending.  “We look forward to combining Bobby’s extensive SBA experience with our exceptional product delivery as we continue to partner with small businesses across the United States to meet their…

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New SBA 504 Debt Refinance Rules as of November 13, 2023

Maximum Loan is $90,000 per Employee Highlights published in the October 12, 2023 Federal Register A loan that is subject to a guarantee by a Federal agency or department may be refinanced under the following conditions and requirements: An existing 504 loan may be refinanced if both the Third Party Loan and the 504 Loan…

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Sailor Gets 18 Months in Jail for $1 Million PPP Loan Fraud

“Mark Haley exploited a worldwide epidemic to enrich himself through fraud,” says U.S. Attorney Darcie N. McElwee. “This was a prolonged and opportunistic scheme motivated by sheer greed that only ended when the program meant to help businesses survive the pandemic itself ended. The Department of Justice and my office will continue to pursue those,…

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The Huntington National Bank is the Largest SBA 7(a) by # of Loans in FY 23

$1.3 Billion, 7,300 SBA loans, 6 years in a row “We’ve purposefully taken the opportunity to grow our SBA program within our footprint and nationwide,” says Maggie Ference, Huntington’s SBA Director. “We understand the tremendous impact small businesses have on communities and local economies, and we recognize the importance of our role in supporting these…

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