Bank · St. Petersburg, FL
BayFirst National Bank: SBA lending profile
BayFirst National Bank approved 8,587 SBA loans worth $1.5B between October 2021 and June 2026, ranking #8 of 2,283 SBA lenders nationally by loan count. Its median loan was $150,000, and 3% went to startups or businesses under two years old. It lent in 52 states, most often in California, and its most financed industry was professional and technical services.
SBA loans per fiscal year
0 1,333 2,667 4,000 FY14: 1 loans FY14 FY15: 108 loans FY15 FY16: 676 loans FY16 FY17: 1,062 loans FY17 FY18: 906 loans FY18 FY19: 1,450 loans FY19 FY20: 584 loans FY20 FY21: 370 loans FY21 FY22: 914 loans FY22 FY23: 2,629 loans FY23 FY24: 3,129 loans FY24 3,129 FY25: 1,895 loans FY25 FY26 (Oct to Jun): 20 loans FY26 20
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Where BayFirst National Bank lends
State Loans Approved Median loan Rank in state
California 1,358 $223.8M $150,000 #9
Florida 1,098 $302.8M $150,000 #8
Texas 821 $143.2M $150,000 #7
New York 795 $122.1M $150,000 #8
New Jersey 304 $45.6M $150,000 #8
Illinois 297 $49.3M $150,000 #9
Georgia 286 $49.9M $150,000 #7
Pennsylvania 255 $42.1M $150,000 #11
Colorado 214 $31.0M $150,000 #12
Washington 214 $33.3M $150,000 #12
Arizona 197 $32.0M $150,000 #10
Ohio 187 $33.2M $150,000 #11
North Carolina 177 $28.0M $150,000 #11
Virginia 176 $30.9M $150,000 #11
Maryland 167 $30.0M $150,000 #7
Industries BayFirst National Bank finances
Industry Loans Share Median loan
Professional and technical services 1,237 14%
$150,000
Construction 1,206 14%
$150,000
Retail 1,089 13%
$150,000
Health care and social assistance 870 10%
$150,000
Other services (repair, personal care) 740 9%
$150,000
Wholesale trade 663 8%
$150,000
Administrative and support services 539 6%
$150,000
Manufacturing 477 6%
$150,000
Transportation and warehousing 414 5%
$150,000
Restaurants and hotels 357 4%
$150,000
Loan size mix
Under $150,000 31% $150,000 to $500,000 66% $500,000 to $2 million 3% $2 million and up 0%
Loan programs used
Preferred Lender (PLP) 100% International Trade Loans 0% SBA Express 0% Standard 7(a) 0%
Bank financials · Q2 2026
Total assets
$1.1B
Return on assets (annualized)
-6.32%
Tier 1 capital to assets
8.9%
Business (C&I) loans
$196.1M
Noncurrent loans
2.25%
Uninsured deposits
20%
From the bank's FDIC call report. Shown for context, not as a rating. FDIC certificate 34997.
Loan terms
Median initial rate, FY2025 to date
12.25%
Variable-rate share
100%
Median term
10 years
Startups and new businesses
3%
Charge-off rate, 2010 to 2019 loans now closed
37.2%
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Figures come from the SBA's public loan records and describe loans the SBA approved, not applications or the lender's full business.
Methodology