Lake City Bank approved 56 SBA loans worth $23.5M between October 2021 and June 2026, ranking #517 of 2,283 SBA lenders nationally by loan count. Its median loan was $250,000, and 52% went to startups or businesses under two years old. It lent in 2 states, most often in Indiana, and its most financed industry was arts, entertainment and recreation.
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Arts, entertainment and recreation | 9 | $225,800 | |
| Construction | 7 | $300,000 | |
| Restaurants and hotels | 7 | $195,500 | |
| Other services (repair, personal care) | 7 | $70,000 | |
| Professional and technical services | 5 | $250,000 | |
| Administrative and support services | 4 | $402,500 | |
| Health care and social assistance | 4 | $150,000 | |
| Manufacturing | 3 | $200,000 | |
| Management of companies | 2 | $1,791,050 | |
| Education | 2 | $448,000 |