BayFirst National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BayFirst National Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 236118 | Residential Remodelers | 2,160 | $358.6M | $166K | 2.8% |
| 722511 | Full-Service Restaurants | 1,592 | $574.9M | $361K | 2.1% |
| 524210 | Insurance Agencies and Brokerages | 1,552 | $234.8M | $151K | 2.0% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 1,536 | $336.2M | $219K | 2.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1,520 | $317.2M | $209K | 2.0% |
| 561730 | Landscaping Services | 1,320 | $250.2M | $190K | 1.7% |
| 238990 | All Other Specialty Trade Contractors | 1,176 | $217.5M | $185K | 1.5% |
| 484110 | General Freight Trucking, Local | 1,144 | $155.4M | $136K | 1.5% |
| 811111 | General Automotive Repair | 1,120 | $232.9M | $208K | 1.5% |
| 541990 | All Other Professional, Scientific, and Technical Services | 1,080 | $173.5M | $161K | 1.4% |
Geographic Distribution
SBA lending activity for BayFirst National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 10,048 | $2.96B | 13.2% |
| California (CA) | 12,072 | $2.15B | 15.8% |
| Texas (TX) | 7,200 | $1.33B | 9.4% |
| New York (NY) | 6,704 | $1.10B | 8.8% |
| Georgia (GA) | 2,552 | $486.8M | 3.3% |
| Illinois (IL) | 2,680 | $468.8M | 3.5% |
| New Jersey (NJ) | 2,680 | $449.5M | 3.5% |
| Pennsylvania (PA) | 2,176 | $367.2M | 2.8% |
| Washington (WA) | 1,880 | $328.1M | 2.5% |
| Ohio (OH) | 1,640 | $302.7M | 2.1% |
| Virginia (VA) | 1,632 | $301.3M | 2.1% |
| Arizona (AZ) | 1,776 | $298.8M | 2.3% |
| Colorado (CO) | 1,936 | $296.8M | 2.5% |
| North Carolina (NC) | 1,624 | $280.3M | 2.1% |
| Maryland (MD) | 1,448 | $268.2M | 1.9% |
| Tennessee (TN) | 1,400 | $262.8M | 1.8% |
| Oregon (OR) | 968 | $245.5M | 1.3% |
| Michigan (MI) | 1,392 | $227.6M | 1.8% |
| Massachusetts (MA) | 1,192 | $197.3M | 1.6% |
| South Carolina (SC) | 992 | $191.0M | 1.3% |
| Missouri (MO) | 952 | $185.6M | 1.2% |
| Alabama (AL) | 736 | $159.4M | 1.0% |
| Nevada (NV) | 888 | $158.8M | 1.2% |
| Utah (UT) | 904 | $136.7M | 1.2% |
| Connecticut (CT) | 768 | $127.9M | 1.0% |
| Indiana (IN) | 808 | $125.2M | 1.1% |
| Louisiana (LA) | 728 | $124.5M | 1.0% |
| Minnesota (MN) | 720 | $114.9M | 0.9% |
| Wisconsin (WI) | 632 | $102.5M | 0.8% |
| Kansas (KS) | 440 | $75.1M | 0.6% |
| Oklahoma (OK) | 400 | $69.3M | 0.5% |
| Kentucky (KY) | 480 | $65.5M | 0.6% |
| Maine (ME) | 232 | $59.3M | 0.3% |
| Nebraska (NE) | 320 | $58.7M | 0.4% |
| Arkansas (AR) | 280 | $55.6M | 0.4% |
| Mississippi (MS) | 272 | $51.7M | 0.4% |
| Delaware (DE) | 216 | $48.6M | 0.3% |
| New Hampshire (NH) | 264 | $48.3M | 0.3% |
| PR (PR) | 40 | $48.0M | 0.1% |
| New Mexico (NM) | 296 | $47.3M | 0.4% |
| Idaho (ID) | 320 | $42.9M | 0.4% |
| Hawaii (HI) | 296 | $38.4M | 0.4% |
| Iowa (IA) | 256 | $35.4M | 0.3% |
| Rhode Island (RI) | 216 | $31.5M | 0.3% |
| West Virginia (WV) | 184 | $29.7M | 0.2% |
| Alaska (AK) | 112 | $29.1M | 0.1% |
| Montana (MT) | 184 | $28.7M | 0.2% |
| South Dakota (SD) | 96 | $14.1M | 0.1% |
| Wyoming (WY) | 88 | $13.3M | 0.1% |
| Vermont (VT) | 88 | $11.9M | 0.1% |
| District of Columbia (DC) | 72 | $9.4M | 0.1% |
| North Dakota (ND) | 72 | $9.2M | 0.1% |
Why Choose BayFirst National Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 76,352 SBA loans approved, totaling $14.67B in financing
- ✓Industry Expertise: Specialized focus on Residential Remodelers, Full-Service Restaurants, Insurance Agencies and Brokerages
- ✓Competitive Terms: Average interest rate of 11.32% with flexible term lengths averaging 123 months
- ✓Loan Range: Loan sizes from $22K to $5.0M, with an average of $192K
- ✓Nationwide Reach: Active lending in 52 states, with strong presence in CA, FL, TX
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about BayFirst National Bank SBA lending
What types of businesses does BayFirst National Bank typically finance?
BayFirst National Bank specializes in SBA 7(a) lending to specific industries including residential remodelers, full-service restaurants, insurance agencies and brokerages, general freight trucking, long distance, truckload. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BayFirst National Bank's typical SBA loan terms?
BayFirst National Bank's SBA 7(a) loans typically feature an average interest rate of 11.32% and average term length of 123 months (approximately 10 years). Loan sizes range from $22K to $5.0M, with an average loan size of $192K.
Do I need a business valuation for a BayFirst National Bank SBA loan?
Yes, BayFirst National Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does BayFirst National Bank compare to other SBA lenders?
BayFirst National Bank has originated 76,352 SBA loans totaling $14.67B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does BayFirst National Bank lend in?
BayFirst National Bank provides SBA 7(a) financing with particularly strong presence in CA, FL, TX, NY, NJ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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