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Top SBA Lenders in Florida for Accommodation & Food Services

11 SBA 7(a) lenders active in Florida's accommodation & food services sector.

Lenders

11

47 loans

Total Volume

$69.0M

Median Rate

Prime + 2.25%

State avg: Prime + 2.50%

Default Rate

0.8%

State avg: 1.7%

Top Accommodation & Food Services Lenders in Florida

1GBank

Loans

8

Rate

P+1.00%

0.6%

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2Live Oak Bank

Loans

7

Rate

P+1.50%

0.8%

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3Hanmi Bank

Loans

5

Rate

P+1.75%

1.0%

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Rate Distribution (Accommodation & Food Services in Florida)

All Accommodation & Food Services Lenders in Florida

#LenderLoansVolumeRateDefault Rate
1GBank8$28.6MP+1.00%0.6%
2Live Oak Bank7$9.0MP+1.50%0.8%
3Hanmi Bank5$2.5MP+1.75%1.0%
4Valley National Bank4$6.4MP+2.25%0.0%
5The Huntington National Bank4$3.6MP+2.25%1.8%
6Brookline Bank4$3.6MP+2.25%0.8%
7The Bancorp Bank National Association3$2.8MP+1.00%0.7%
8Port 51 Lending LLC3$9.6MP+2.75%0.0%
9First Internet Bank of Indiana3$1.8MP+2.75%1.9%
10Metro City Bank3$555KP+1.25%0.8%
11SouthState Bank, National Association3$600KP+2.75%1.0%

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Accommodation & Food Services SBA Lending in Florida

11 SBA 7(a) lenders are active in Florida's accommodation & food services sector, having originated 47 loans totaling $69.0M. The median rate for accommodation & food services acquisitions in Florida is Prime + 2.25%, compared to the statewide median of Prime + 2.50%.

The 10-year cumulative default rate for this niche is 0.8%, which is below the state average of 1.7% — indicating relatively lower risk.

Frequently Asked Questions

How many SBA lenders specialize in accommodation & food services in Florida?

11 SBA 7(a) lenders have originated accommodation & food services acquisition loans in Florida, with a combined 47 loans.

What rate can I expect for a accommodation & food services acquisition in Florida?

The median rate is Prime + 2.25% (Prime + spread). This compares to a statewide median of Prime + 2.50%. Actual rates depend on loan size, borrower qualifications, and collateral.

What is the default rate for accommodation & food services SBA loans in Florida?

The 10-year cumulative default rate is 0.8%, compared to a statewide average of 1.7%.

Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.

Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.