5 Small Business Loans in Florida 2025

2. TD Bank

TD Bank, a prominent financial institution, has a widespread presence across all East Coast states, excluding Georgia. The bank boasts numerous retail outlets and provides a diverse range of financing options tailored for small businesses. Additionally, it holds the status of an SBA Preferred Lender.Business loan applications at TD Bank can be conveniently submitted either online or face-to-face.

Business financing options offered:

• Term Loans

• Business Lines of Credit

• Commercial Real Estate Loans & Mortgages

• SBA Loans

• Revolving Lines of Credit

• Equipment Financing

• Asset Based Loan

• Business Acquisition Loan

• Supply Chain Financing

• TD Business Solutions Credit Card

3. BayFirst National Bank

BayFirst National is primarily concentrated on providing SBA loans. Their website proudly proclaims, "Lightning Fast Business Loans!" along with "In-house team, quick funding." They have an internal underwriting team, which translates to both rapid processing and specialized knowledge.

Given that SBA loans typically require an extended wait time to secure funding, BayFirst National's ability to expedite this process represents a significant benefit.

Business financing options offered:

• SBA Loans (SBA 504 Loan Program and More)

• Commercial Real Estate Loans

• Commercial Term Loans

• Commercial Lines of Credit

• Construction Loans

• Heavy Equipment Financing

4. The Huntington National Bank

The Huntington National Bank is the top SBA 7a lender in the country, so it’s no surprise that they do a lot of lending in Florida. 

They offer many small business financing products, such as equipment leasing, agricultural loans, and many real estate loans. They also have some unique offerings such as fraternity and sorority financing, loans for churches, and warehouse loans. 

Business financing options offered:

• Working Capital Loans Such As SBA 7a Loans

• Equipment Leasing

• Church Lending

• Greek House Financing

• Agricultural Loans

• Warehouse Lending

• Real Estate Loans, Term Loans, and Lines of Credit

5. Wells Fargo Bank

Wells Fargo, a well-known national bank, is a familiar sight in many towns. Despite its size, the bank offers a relatively limited selection of financing products for small businesses. However, their location on this list is due to the substantial volume of loans they manage to originate.

Business financing options offered:

• SBA 7a Loans & 504 Loans

• 2 Business Lines of Credit

• Practice Financing

Small Business Grants in Florida

Don’t feel limited to what SBA lenders might offer your business in Florida. 

If you’re looking to secure funding for your business without accumulating debt or fear you may be turned away from most loans due to a low credit score, consider small business grants in Florida. 

Some grant opportunities of note include:

• Florida Small Business Development Center (SBDC) Grants: The Florida SBDC offers state trade expansion program (STEP) grants that will reimburse businesses expanding into foreign markets. How much you will receive depends heavily on the activity your small business is engaged in.

• The Amber Grant: The Amber Grant is designed to help women in Florida access $10,000 of funding to start their small businesses. Three are given away monthly, and all recipients have the opportunity to receive an additional $25,000 in funding. 

• Select Florida Trade Grants: Select Florida Trade Grants help businesses exporting for the first time or diversifying in overseas markets. Take care to review the minimum qualifications before applying.

• Florida High Tech Corridor Grant: The Florida High Tech Corridor Grant is a research grant that helps industry partners tap into expert research support with fewer barriers. Grants may be as high as $150,000.

• BMO for Women-Owned Businesses: The BMO Celebrating Women grant gives women-owned businesses $10,000 to support business growth. They presented 15 grants in 2024. Don’t forget to look for other forms of support like a black business loan program to further your business endeavors if you belong to a minority group.

Government and Nonprofit Financing Programs in Florida

Grants can be a great way to fund your business. They don’t come with the added stress of paying them back when you’re approved for a loan program.

That being said, you may not always qualify, and the money can dwindle quickly as a small business owner focused on growth.

That’s why it’s important to look into government and nonprofit financing programs in Florida as well.

You don’t have to go to your local Florida Credit Union in Enterprise Florida or Miami Dade County or a bank nearby in South Florida to get funding.

If you want Florida small business loans but want something aside from Small Business Administration loans (an SBA loan), consider these options as well.

The Florida State Small Business Credit Initiative (SSBCI)

The Florida State Small Business Credit Initiative (SSBCI) received $488 million in funding in 2022. They have a list of partner lenders you can contact to receive that funding for your small business. 

Your credit score may not be a primary determinant in whether you’re funded, but you will need to meet their other eligibility requirements. Another option is the Florida Microfinance Guarantee Program.

The Office of Economic and Small Business Development (OESBD)

The Office of Economic and Small Business Development supports businesses in Broward County. They have a list of financial resources on their website that you can look into (loan program, grant, etc.). 

You can also reach out to them directly if you need support. Make sure you choose the right Florida department for your inquiries.

Prospera

Having trouble finding the right funding resources or navigating the application process? Prospera offers free financial services. 

This includes everything from helping you prepare to apply for a loan program to connecting you with lenders (such as government and non-profit lenders). When looking into business funding, assess each funding option and loan option and consider loan terms, loan amounts, and pros and cons for Florida business owners. 

The Florida Nonprofit Alliance

The Florida Nonprofit Alliance is geared toward other nonprofits specifically. If you are a non-profit, you can receive funding such as disaster resources and beyond. This may be better than a traditional Economic Injury Disaster Loan. 

If you’re a small business other than a nonprofit, consider the Rebuild Florida Business Loan Fund.