SBA 7(a) lenders in Madison, FL
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
17 institutions have SBA 7(a) loans on record in Madison, together $27.0M across 27 loans. Farmers and Merchants Bank is the largest, with 18% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Farmers and Merchants Bank | 1 | $5.0M | 18.5% | 0.00% |
| 2 | The MINT National Bank | 1 | $5.0M | 18.5% | 0.00% |
| 3 | Live Oak Banking Company | 3 | $3.8M | 14.1% | 0.00% |
| 4 | Shoreham Bank | 1 | $3.6M | 13.3% | 0.00% |
| 5 | Community Bank of Pickens County | 1 | $3.3M | 12.2% | 0.00% |
| 6 | Ameris Bank | 1 | $2.8M | 10.4% | 0.00% |
| 7 | Madison County Community Bank | 1 | $908K | 3.4% | 0.00% |
| 8 | Northeast Bank | 1 | $500K | 1.8% | 9.95% |
| 9 | BayFirst National Bank | 1 | $350K | 1.3% | 0.00% |
| 10 | SouthState Bank, National Association | 1 | $350K | 1.3% | 0.00% |
| 11 | PNC Bank, National Association | 1 | $336K | 1.2% | 90.25% |
| 12 | The Bancorp Bank National Association | 1 | $320K | 1.2% | 0.00% |
| 13 | Truist Bank | 1 | $250K | 0.9% | 0.00% |
| 14 | Bank of America, National Association | 2 | $214K | 0.8% | 0.00% |
| 15 | First Financial Bank | 4 | $147K | 0.5% | 0.00% |
| 16 | Wells Fargo Bank National Association | 3 | $123K | 0.5% | 12.23% |
| 17 | VelocitySBA, LLC | 3 | $30K | 0.1% | 21.84% |
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 | 4 | $11.7M | 43.5% |
| 2 | Agriculture, forestry & fishing | 8 | $6.8M | 25.2% |
| 3 | Manufacturing | 3 | $5.3M | 19.5% |
| 4 | Transportation & warehousing | 2 | $915K | 3.4% |
| 5 | Retail trade | 2 | $770K | 2.8% |
| 6 | Other services | 2 | $539K | 2.0% |
| 7 | Retail trade | 1 | $500K | 1.8% |
| 8 | Finance & insurance | 1 | $350K | 1.3% |
| 9 | Health care & social assistance | 1 | $98K | 0.4% |
| 10 | Utilities | 1 | $15K | 0.1% |
| 11 | Educational services | 1 | $13K | 0.0% |
| 12 | Professional & technical services | 1 | $10K | 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.