SBA 7(a) lenders in Indian River, FL

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

71 institutions have SBA 7(a) loans on record in Indian River, together $240.6M across 437 loans. iTHINK Financial Credit Union is the largest, with 18% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	iTHINK Financial Credit Union	74	$42.4M	17.6%	0.00%
2	Live Oak Banking Company	16	$29.8M	12.4%	0.00%
3	Newtek Small Business Finance, Inc.	7	$13.4M	5.6%	0.00%
4	Wells Fargo Bank National Association	31	$9.9M	4.1%	5.03%
5	TD Bank, National Association	69	$8.7M	3.6%	1.70%
6	SouthState Bank, National Association	12	$7.9M	3.3%	0.00%
7	ELGA Credit Union	16	$7.1M	3.0%	5.27%
8	Bankwell Bank	4	$6.7M	2.8%	0.00%
9	Readycap Lending, LLC	12	$5.0M	2.1%	32.47%
10	OptimumBank	1	$5.0M	2.1%	0.00%
11	GBank	1	$5.0M	2.1%	0.00%
12	Open Bank	1	$5.0M	2.1%	0.00%
13	Stearns Bank National Association	3	$4.9M	2.0%	0.00%
14	Pathward National Association	2	$4.8M	2.0%	0.00%
15	Newtek Bank, National Association	9	$4.7M	2.0%	0.00%
16	First Internet Bank of Indiana	3	$4.6M	1.9%	0.00%
17	The MINT National Bank	2	$4.5M	1.9%	0.00%
18	Seacoast National Bank	13	$4.4M	1.8%	0.00%
19	Climate First Bank	3	$4.2M	1.7%	0.00%
20	First Federal Bank	2	$4.2M	1.7%	0.00%
21	American Momentum Bank	3	$4.1M	1.7%	5.47%
22	Truist Bank	23	$4.1M	1.7%	0.98%
23	United Midwest Savings Bank National Association	3	$3.5M	1.5%	0.00%
24	PNC Bank, National Association	16	$3.3M	1.4%	33.75%
25	Banc of California	3	$3.2M	1.3%	0.00%
26	BankUnited, National Association	8	$3.2M	1.3%	22.02%
27	The Bancorp Bank National Association	3	$3.1M	1.3%	0.00%
28	Banesco USA	2	$3.0M	1.2%	0.00%
29	Colony Bank	2	$2.5M	1.0%	0.00%
30	Gulf Coast Bank and Trust Company	2	$2.2M	0.9%	0.00%
31	First-Citizens Bank & Trust Company	2	$2.0M	0.9%	0.00%
32	BayFirst National Bank	7	$1.9M	0.8%	0.00%
33	The Huntington National Bank	4	$1.7M	0.7%	0.00%
34	Beacon Bank and Trust	3	$1.4M	0.6%	0.00%
35	JPMorgan Chase Bank, National Association	6	$1.4M	0.6%	0.00%
36	Northeast Bank	8	$1.4M	0.6%	0.00%
37	Harvest Small Business Finance, LLC	1	$1.3M	0.5%	0.00%
38	Sunrise Bank	1	$1.1M	0.5%	0.00%
39	United Community Bank	2	$950K	0.4%	0.00%
40	Port 51 Lending LLC	1	$873K	0.4%	0.00%
41	Happen Bank	2	$848K	0.4%	0.00%
42	First Port City Bank	2	$797K	0.3%	0.00%
43	Byline Bank	2	$779K	0.3%	0.00%
44	22nd State Bank, A Division of 22nd State Banking Company	2	$732K	0.3%	0.00%
45	The Fidelity Bank	2	$715K	0.3%	0.00%
46	First Bank of the Lake	3	$637K	0.3%	0.00%
47	Southern Bank	2	$623K	0.3%	0.00%
48	First National Bank of Pennsylvania	2	$596K	0.2%	0.00%
49	Citizens Bank	1	$565K	0.2%	0.00%
50	Regions Bank	1	$555K	0.2%	0.00%
51	CenTrust Bank, A Division of SmartBiz Bank National Association	2	$500K	0.2%	0.00%
52	CRF Small Business Loan Company, LLC	1	$500K	0.2%	82.81%
53	CIBC Bank USA	2	$439K	0.2%	0.00%
54	TowneBank	2	$415K	0.2%	0.00%
55	Ameris Bank	1	$350K	0.1%	0.00%
56	Pinnacle Bank	3	$341K	0.1%	0.00%
57	Evolve Bank and Trust	1	$331K	0.1%	0.00%
58	Celtic Bank Corporation	3	$330K	0.1%	0.00%
59	Blue Ridge Bank National Association	1	$296K	0.1%	0.00%
60	Lendistry SBLC, LLC	2	$265K	0.1%	0.00%
61	ACC Capital	1	$261K	0.1%	0.00%
62	Oconee State Bank	1	$258K	0.1%	0.00%
63	Bank of America, National Association	3	$210K	0.1%	4.31%
64	First Utah Bank	1	$150K	0.1%	0.00%
65	Independence Bank	1	$150K	0.1%	79.47%
66	Columbia Bank	3	$115K	0.0%	39.28%
67	Village Bank	1	$101K	0.0%	0.00%
68	Valley National Bank	2	$100K	0.0%	0.00%
69	VelocitySBA, LLC	4	$55K	0.0%	44.90%
70	U.S. Bank, National Association	1	$30K	0.0%	0.00%
71	Manufacturers and Traders Trust Company	1	$25K	0.0%	0.00%

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Accommodation & food services	42	$33.8M	14.1%
2	Health care & social assistance	50	$33.0M	13.7%
3	Other services	35	$23.8M	9.9%
4	Professional & technical services	49	$23.2M	9.6%
5	Construction	52	$18.9M	7.9%
6	Retail trade	33	$16.4M	6.8%
7	Administrative & waste services	41	$15.2M	6.3%
8	Finance & insurance	12	$13.2M	5.5%
9	Arts, entertainment & recreation	14	$13.0M	5.4%
10	Real estate & leasing	11	$9.3M	3.9%
11	Manufacturing	15	$7.7M	3.2%
12	Wholesale trade	18	$6.1M	2.5%
13	Information	7	$5.9M	2.5%
14	Manufacturing	3	$5.1M	2.1%
15	Agriculture, forestry & fishing	7	$4.1M	1.7%
16	Manufacturing	14	$4.1M	1.7%
17	Retail trade	20	$3.3M	1.4%
18	Transportation & warehousing	2	$1.9M	0.8%
19	Educational services	4	$1.6M	0.7%
20	Transportation & warehousing	7	$825K	0.3%
21	Utilities	1	$50K	0.0%

Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.