SBA 7(a) lenders in Okaloosa, FL

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

Lenders

86 institutions have SBA 7(a) loans on record in Okaloosa, together $292.5M across 559 loans. Live Oak Banking Company is the largest, with 12% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Live Oak Banking Company	27	$35.5M	12.1%	0.00%
2	Pinnacle Bank	26	$16.9M	5.8%	0.72%
3	The Huntington National Bank	30	$13.5M	4.6%	0.87%
4	GBank	4	$13.1M	4.5%	0.00%
5	Hancock Whitney Bank	38	$12.5M	4.3%	0.00%
6	PNC Bank, National Association	57	$12.4M	4.2%	1.87%
7	Ameris Bank	4	$11.4M	3.9%	0.00%
8	First Internet Bank of Indiana	5	$11.0M	3.8%	0.00%
9	Regions Bank	26	$10.2M	3.5%	12.02%
10	Community Bank of Mississippi	67	$8.9M	3.0%	1.66%
11	Newtek Bank, National Association	16	$8.2M	2.8%	0.00%
12	Legence Bank	2	$7.8M	2.7%	0.00%
13	Wells Fargo Bank National Association	46	$6.4M	2.2%	2.80%
14	Celtic Bank Corporation	11	$6.3M	2.2%	2.55%
15	First Bank of the Lake	4	$5.9M	2.0%	0.00%
16	Renasant Bank	14	$5.9M	2.0%	0.00%
17	Newtek Small Business Finance, Inc.	5	$5.6M	1.9%	0.00%
18	VelocitySBA, LLC	14	$5.5M	1.9%	0.29%
19	US Metro Bank	1	$5.0M	1.7%	0.00%
20	BankUnited, National Association	6	$4.7M	1.6%	3.18%
21	US Eagle FCU	1	$4.0M	1.4%	0.00%
22	ServisFirst Bank	1	$4.0M	1.4%	0.00%
23	Centerstone SBA Lending, Inc.	2	$3.9M	1.3%	0.00%
24	Truist Bank	8	$3.7M	1.3%	0.00%
25	First-Citizens Bank & Trust Company	2	$3.7M	1.3%	6.92%
26	Stone Bank	3	$3.5M	1.2%	4.11%
27	Readycap Lending, LLC	10	$3.3M	1.1%	0.00%
28	Northeast Bank	9	$3.2M	1.1%	0.00%
29	Pathward National Association	1	$3.0M	1.0%	0.00%
30	The Bancorp Bank National Association	4	$2.8M	1.0%	0.00%
31	Metro City Bank	2	$2.5M	0.8%	0.00%
32	United Community Bank	5	$2.4M	0.8%	0.00%
33	Harvest Small Business Finance, LLC	2	$2.4M	0.8%	0.00%
34	Seacoast National Bank	1	$2.4M	0.8%	0.00%
35	Beacon Bank and Trust	1	$2.4M	0.8%	0.00%
36	TowneBank	3	$2.3M	0.8%	0.00%
37	Citizens Bank	3	$2.2M	0.8%	0.00%
38	Trustmark Bank	4	$2.2M	0.7%	0.00%
39	Bank OZK	1	$2.0M	0.7%	0.00%
40	American First National Bank	1	$2.0M	0.7%	0.00%
41	Busey Bank	2	$1.9M	0.6%	0.00%
42	PromiseOne Bank	1	$1.8M	0.6%	0.00%
43	Centennial Bank	4	$1.8M	0.6%	0.00%
44	SouthState Bank, National Association	7	$1.8M	0.6%	0.00%
45	BayFirst National Bank	11	$1.7M	0.6%	10.07%
46	Bank of America, National Association	8	$1.6M	0.6%	0.00%
47	Gulf Coast Bank and Trust Company	1	$1.3M	0.5%	0.00%
48	UniBank	1	$1.2M	0.4%	0.00%
49	Banesco USA	2	$1.2M	0.4%	0.00%
50	United Midwest Savings Bank National Association	8	$1.1M	0.4%	0.00%
51	1st Financial Bank USA	1	$1.0M	0.3%	0.00%
52	Popular Bank	2	$935K	0.3%	0.00%
53	SouthPoint Bank	1	$931K	0.3%	0.00%
54	Colony Bank	1	$845K	0.3%	0.00%
55	Happen Bank	1	$779K	0.3%	0.00%
56	Simmons Bank	2	$567K	0.2%	0.00%
57	Florida Capital Bank, National Association	1	$545K	0.2%	0.00%
58	CIBC Bank USA	2	$502K	0.2%	0.00%
59	Peoples Bank	1	$497K	0.2%	0.00%
60	Columbia Bank	3	$492K	0.2%	0.00%
61	Shoreham Bank	1	$480K	0.2%	0.00%
62	First Bank	1	$452K	0.2%	103.39%
63	Meridian Bank	1	$425K	0.1%	0.00%
64	FWBank	1	$402K	0.1%	0.00%
65	America First Federal Credit Union	1	$350K	0.1%	0.00%
66	CDC Small Business Finance Corp.	2	$340K	0.1%	0.00%
67	United Bank	3	$339K	0.1%	7.33%
68	Georgia Banking Company	1	$315K	0.1%	0.00%
69	Federal Deposit Insurance Corporation	1	$310K	0.1%	69.71%
70	Loyal Trust Bank	1	$304K	0.1%	0.00%
71	Old National Bank	1	$260K	0.1%	0.00%
72	Paragon Bank	1	$200K	0.1%	0.00%
73	JPMorgan Chase Bank, National Association	1	$200K	0.1%	0.00%
74	Magnifi Financial CU	1	$193K	0.1%	0.00%
75	Ascendus, Inc.	1	$168K	0.1%	0.00%
76	CenTrust Bank, A Division of SmartBiz Bank National Association	1	$164K	0.1%	0.00%
77	FirstBank	1	$150K	0.1%	0.00%
78	Independence Bank	1	$150K	0.1%	0.00%
79	Florida Business Development Corporation	1	$128K	0.0%	0.00%
80	LiftFund, Inc.	1	$125K	0.0%	0.00%
81	Bank Five Nine	1	$125K	0.0%	0.00%
82	Capital One National Association	3	$100K	0.0%	0.00%
83	MidSouth Bank	1	$100K	0.0%	0.00%
84	TD Bank, National Association	1	$43K	0.0%	0.00%
85	U.S. Bank, National Association	2	$40K	0.0%	0.00%
86	SoFi Bank, National Association	1	$9K	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	94	$79.6M	27.2%
2	Health care & social assistance	62	$31.5M	10.8%
3	Arts, entertainment & recreation	28	$29.3M	10.0%
4	Professional & technical services	58	$25.2M	8.6%
5	Other services	57	$22.2M	7.6%
6	Construction	55	$19.4M	6.6%
7	Real estate & leasing	26	$19.1M	6.5%
8	Retail trade	34	$13.8M	4.7%
9	Retail trade	35	$11.7M	4.0%
10	Administrative & waste services	47	$10.7M	3.6%
11	Wholesale trade	7	$7.3M	2.5%
12	Manufacturing	8	$5.9M	2.0%
13	Transportation & warehousing	18	$5.5M	1.9%
14	Manufacturing	8	$5.0M	1.7%
15	Finance & insurance	10	$3.2M	1.1%
16	Mining & extraction	1	$1.2M	0.4%
17	Educational services	6	$1.1M	0.4%
18	Manufacturing	3	$923K	0.3%
19	Information	1	$15K	0.0%
20	Agriculture, forestry & fishing	1	$5K	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.