SBA-Approved Lenders in Miami
| Lender | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|
| Newtek Bank, National Association | 10,594 | $4.9B | $460K | ⭐ |
| Banesco USA | 321 | $245.2M | $764K | ⭐ |
| City National Bank of Florida | 260 | $147.5M | $567K | ⭐ |
| Pacific National Bank | 32 | $37.6M | $1.2M | ⭐ |
| Ocean Bank | 21 | $30.8M | $1.5M | — |
| Terrabank, National Association | 4 | $1.7M | $415K | ⭐ |
| International Finance Bank | 1 | $404K | $404K | — |
SBA Loans in Miami, Florida
Miami is one of Florida's key business markets, and SBA 7(a) loans are a common financing tool for local small businesses buying equipment, real estate, or working capital. There are currently 7 SBA-approved lenders headquartered in Miami, with a combined 11,233 loans approved since 2020.
When evaluating SBA lenders in Miami, prioritize Preferred Lender Program (PLP) status — these institutions have delegated SBA approval authority, cutting weeks off the closing timeline. Also compare loan volume (more experience = smoother process) and average loan size to find a lender whose typical deal matches your needs.
Ready to Apply for an SBA Loan in Miami?
Check eligibility in minutes — no impact to your credit score.
Check My Eligibility at SmartBiz →SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days
Other Cities in Florida
SBA Loan FAQ — Miami, FL
How do I find an SBA lender in Miami, FL?
Start with lenders headquartered in Miami — they often have local underwriters familiar with the Miami market. If local options are limited, any SBA-approved lender in Florida can fund your loan. Prioritize Preferred Lenders (PLP status) for faster approvals. Our directory shows real SBA loan volume data so you can compare lenders objectively.
What SBA loans are available to Miami small businesses?
Miami businesses can access SBA 7(a) loans (up to $5M for working capital, equipment, real estate, or acquisition), SBA 504 loans (for owner-occupied commercial real estate and heavy equipment, with 10% down), and SBA microloans (up to $50K for startups and micro-businesses). The 7(a) program is the most flexible and widely available.
What is the minimum credit score for an SBA loan in Miami?
Most SBA lenders require a personal credit score of 650–680+. Some community lenders and CDFIs go lower for businesses with strong cash flow. Having a score above 700 gives you access to the most competitive rates and the largest lender pool in Miami.
How long does SBA loan approval take for a Miami business?
With an SBA Preferred Lender (PLP), approval can take 7–10 business days. Standard SBA lenders add 2–4 weeks for SBA review. After approval, funding takes another 2–4 weeks. Total timeline: 30–90 days depending on loan complexity and how quickly you provide documentation.