SBA lending by metro area
SBA lenders in Key West, FL
Which lenders fund Key West-area businesses, how much, and how the market compares with Florida: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Key West area
Ranked by SBA volume funded to businesses located in the Key West micropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Centennial Bank | 20 | $25.6M | $1.3M | 0.00% |
| 2 | Florida Business Development Corporation | 14 | $19.5M | $1.4M | not reported |
| 3 | Newtek Small Business Finance, Inc. | 13 | $16.6M | $1.3M | not reported |
| 4 | Florida First Capital Finance Corporation, Inc. | 18 | $15.1M | $838K | not reported |
| 5 | Wells Fargo Bank National Association | 19 | $10.4M | $547K | not reported |
| 6 | Live Oak Banking Company | 11 | $10.2M | $925K | not reported |
| 7 | Sunshine State Economic Development Corporation | 7 | $5.5M | $788K | not reported |
| 8 | iTHINK Financial CU | 6 | $4.2M | $704K | not reported |
| 9 | First Horizon Bank | 5 | $3.9M | $771K | not reported |
| 10 | SouthState Bank, National Association | 7 | $3.5M | $497K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Key West compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Key West area | $324K ▲ 29.7% | 15.3% |
| Florida | $250K | 15.3% |
| United States | $179K | 11.2% |
What gets funded in Key West
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 67 | $91.7M |
| Retail Trade | 42 | $31.5M |
| Construction | 23 | $17.7M |
| Arts, Entertainment, Recreation | 15 | $16.4M |
| Health Care and Social Assistance | 16 | $7.0M |
| Professional and Technical Services | 21 | $6.2M |
| Transportation and Warehousing | 20 | $6.2M |
| Wholesale Trade | 13 | $6.2M |
SBA lending in Key West by year
Geography, precisely
"Key West area" here means the Key West-Key Largo, FL micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Monroe County, FL. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.