Top SBA Lenders in Florida for Construction
12 SBA 7(a) lenders active in Florida's construction sector.
Lenders
79 loans
Total Volume
Median Rate
State avg: Prime + 2.50%
Default Rate
State avg: 1.7%
Top Construction Lenders in Florida
Rate Distribution (Construction in Florida)
All Construction Lenders in Florida
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 22 | $57.4M | P+2.25% | 1.5% |
| 2 | First Internet Bank of Indiana | 12 | $20.3M | P+2.75% | 1.7% |
| 3 | Live Oak Bank | 10 | $18.5M | P+1.50% | 0.8% |
| 4 | United Midwest Savings Bank, National Association | 6 | $6.3M | P+2.75% | 0.5% |
| 5 | Community Bank & Trust-West Georgia | 4 | $2.9M | P+2.75% | 2.7% |
| 6 | OptimumBank | 4 | $10.2M | P+3.00% | 0.0% |
| 7 | Climate First Bank | 4 | $9.3M | P+2.50% | 0.0% |
| 8 | Brookline Bank | 4 | $9.6M | P+2.25% | 0.9% |
| 9 | First National Bank of Pennsylvania | 4 | $8.6M | P+2.00% | 1.2% |
| 10 | Locality Bank | 3 | $2.4M | P+2.25% | 0.0% |
| 11 | Midwest BankCentre | 3 | $5.9M | P+2.50% | 0.0% |
| 12 | T Bank, National Association | 3 | $10.5M | P+2.00% | 0.0% |
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Customize your search →Construction SBA Lending in Florida
12 SBA 7(a) lenders are active in Florida's construction sector, having originated 79 loans totaling $161.9M. The median rate for construction acquisitions in Florida is Prime + 2.38%, compared to the statewide median of Prime + 2.50%.
The 10-year cumulative default rate for this niche is 1.2%, which is below the state average of 1.7% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in construction in Florida?
12 SBA 7(a) lenders have originated construction acquisition loans in Florida, with a combined 79 loans.
What rate can I expect for a construction acquisition in Florida?
The median rate is Prime + 2.38% (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 construction SBA loans in Florida?
The 10-year cumulative default rate is 1.2%, 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.