Top Industries Financed
- Car Washes
- Full-Service Restaurants
- Deep Sea Passenger Transportation
- Hotels (except Casino Hotels) and Motels
- Landscaping Services
Quick Summary
Paradise Bank is an SBA-approved lender headquartered in Boca Raton, Florida. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 226 SBA 7(a) loans totaling $342.9M, with an average loan size of $1.5M. They serve businesses across 7 states.
About Paradise Bank
Paradise Bank is an SBA-approved lender headquartered in Boca Raton, Florida. Since 2020, they have approved 226 SBA 7(a) loans totaling $342.9M, with an average loan size of $1.5M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 7 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Paradise Bank an SBA Preferred Lender?
Yes, Paradise Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Paradise Bank approved?
According to SBA FOIA public records, Paradise Bank has approved 226 SBA 7(a) loans totaling $342.9M since 2020. Their average loan size is $1.5M.
What states does Paradise Bank serve?
Paradise Bank serves businesses in 7 states: Arizona, Florida, Illinois, Kentucky, Louisiana, New Jersey, New York.
How do I apply for an SBA loan with Paradise Bank?
To apply for an SBA 7(a) loan with Paradise Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days