# Small business loans in Homestead, FL

**Short answer:** The most active SBA lenders in Homestead, FL since FY2024 are TD Bank (19 loans) and Newtek Bank (16). The median loan was $100,000, and half fell between $50,000 and $250,000. For free help, see the Florida SBDC Network. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/florida-small-business-loans/homestead/
Data as of: 2026-06-30

## Lenders making SBA loans in Homestead

No lender made more than 23% of the loans in Homestead, and TD Bank made the most. The four largest lenders together made 58%.

**Lenders with five or more SBA loans in Homestead, FL, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [TD Bank](https://www.sbaexpress.loans/sba-express-lenders/td-bank/) | 19 | 22.6% |
| [Newtek Bank](https://www.sbaexpress.loans/sba-express-lenders/newtek-bank/) | 16 | 19.0% |
| [Readycap Lending, LLC](https://www.sbaexpress.loans/sba-express-lenders/readycap-lending-llc/): Non-bank lender | 8 | 9.5% |
| [Wells Fargo Bank](https://www.sbaexpress.loans/sba-express-lenders/wells-fargo-bank/florida/) | 6 | 7.1% |

Share is the percent of all Homestead loans in that period. Each name links to that lender's page for Florida where one exists.

Homestead has four lenders with five or more loans since FY2024. Others had fewer, and the Florida page counts 272 lenders with at least one approved loan statewide.

## Local help near Homestead

Homestead borrowers can start with SBA's district offices for Florida, an SBDC or SCORE.

21% of Homestead borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.

SBA runs two district offices that cover Florida. Each page points to state and federal resources and to lenders in its area. The Florida SBDC Network gives free counseling across Florida.

- [SBA North Florida District Office (Jacksonville and Orlando): SBA district office](https://www.sba.gov/district/north-florida)
- [SBA South Florida District Office (Miami, Fort Pierce and Tampa): SBA district office](https://www.sba.gov/district/south-florida)
- [Florida SBDC Network (University of West Florida): Small Business Development Center](https://floridasbdc.org/)
- [SCORE mentors in Florida: Business mentoring](https://www.score.org/fl/)

Alongside SBA loans, Florida runs a loan program. The [Florida page](https://www.sbaexpress.loans/florida-small-business-loans/#loan-programs-in-florida) describes it, and the official page is linked here.

- [Florida SSBCI small business programs](https://floridajobs.org/business-growth/State-Small-Business-Credit-Initiative/for-businesses)

## Loan counts and sizes in Homestead

Homestead ranks 33rd by loans since FY2024 among the 55 Florida cities with 100 or more SBA loans since FY2020. Nationally it is the 270th busiest of the 580 cities that reach 100 loans.

The 84 loans, 0.7% of the 12,780 in Florida, were approved for $21.2 million in all. The median loan was $100,000, 33% below the national median of $150,300. Half of the loans fell between $50,000 and $250,000. The Homestead median is 56% below the Florida median of $226,250.

**Homestead, FL compared with Florida and the nation, loans from FY2024 to June 2026**

| Measure | Homestead | Florida | U.S. |
| --- | --- | --- | --- |
| Loans | 84 | 12,780 | 162,355 |
| Median loan | $100,000 | $226,250 | $150,300 |
| 25th percentile | $50,000 | $90,000 | $50,000 |
| 75th percentile | $250,000 | $500,000 | $500,000 |
| Via SBA Express | 46.4% | 30.0% | 35.8% |
| Lines of credit | 41.7% | 26.1% | 28.1% |
| Startups | 7.1% | 15.1% | 16.1% |
| Ownership changes | n/a | 10.5% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 3.0 | 3.0 | 2.75 |
| Charged off | 15.9% | 6.1% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

88% of the loans were $500,000 or less, the size SBA Express covers. 46.4% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 41.7% of loans, above the national 28.1%.

SBA loans in Homestead, FL by size, FY2024 to June 2026

- $50,000 or less (33%): 28
- $50,001 to $150,000 (35%): 29
- $150,001 to $350,000 (14%): 12
- $350,001 to $500,000 (6%): 5
- $500,001 to $1,000,000 (6%): 5
- $1,000,001 to $2,000,000: Fewer than 5
- Over $2,000,000: Fewer than 5

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

SBA loans in Homestead, FL by fiscal year

- FY2020: 18
- FY2021: 9
- FY2022: 17
- FY2023: 33
- FY2024: 30
- FY2025: 29
- FY2026 (through June 30): 25

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume held steady from FY2024 (30 loans) to FY2025 (29), the two latest full years. The busiest full year in the file was FY2023, with 33 loans. FY2026 already shows 25 loans through June 30.

Of the 44 loans Homestead borrowers received in FY2020 to FY2022, 15.9% were charged off by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 469 jobs supported across the 84 loans since FY2024, about 5.6 per loan. SBA does not audit these estimates.

## What businesses in Homestead borrow for

Administrative Management and General Management Consulting Services was the largest borrower group in Homestead, with 5 loans or 6.0% of the total.

**Industries with the most SBA loans in Homestead, FL, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Administrative Management and General Management Consulting Services](https://www.sbaexpress.loans/industries/administrative-management-general-management-consulting-services/) | 5 | 6.0% | 0.9% |

Share is the percent of all Homestead loans in that period. Industry is the NAICS code on each loan. A name links to the Florida page for that industry where one exists.

## A typical loan payment in Homestead

The median Homestead loan was $100,000 with a median term of 10 years.

The median variable-rate loan in Homestead was priced at Prime plus 3.0 percentage points at approval. At today's Prime that spread works out to 10.00%. On $100,000 over 10 years, principal and interest would come to about $1,322 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Homestead loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $50,000 | $661 |
| Median loan | $100,000 | $1,322 |
| 75th percentile loan | $250,000 | $3,304 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $100,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.0 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Homestead loans approved since FY2024 had a median starting rate of 11.25% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $100,000 loan](https://www.sbaexpress.loans/loan-amounts/100000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Homestead

Homestead has 15 SBA 504 loans since FY2024, with $19.0 million in SBA and CDC dollars.

The median 504 loan in Homestead was $556,000 in SBA and CDC dollars, 11% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

Florida Business Development Corporation is the Certified Development Company (CDC) named on the most loans since FY2020, with 13. Florida First Capital Finance Corporation, Inc. follows with 7. The two CDCs listed are named on 20 loans between them.

**CDCs named on five or more 504 loans in Homestead, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Florida Business Development Corporation | 13 |
| Florida First Capital Finance Corporation, Inc. | 7 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Florida cities near Homestead

Homestead made up 0.7% of Florida's SBA loans since FY2024.

Homestead is one of 55 Florida cities with 100 or more SBA loans since FY2020. The [Florida page](https://www.sbaexpress.loans/florida-small-business-loans/) covers all 12,780 loans in Florida. The closest come first, ranked by county and ZIP code on their loans.

- [Hialeah: 225 loans, median $150,000](https://www.sbaexpress.loans/florida-small-business-loans/hialeah/)
- [Coral Gables: 66 loans, median $210,700](https://www.sbaexpress.loans/florida-small-business-loans/coral-gables/)
- [Miami Beach: 62 loans, median $250,000](https://www.sbaexpress.loans/florida-small-business-loans/miami-beach/)
- [Doral: 195 loans, median $270,000](https://www.sbaexpress.loans/florida-small-business-loans/doral/)
- [Miami: 1,340 loans, median $150,000](https://www.sbaexpress.loans/florida-small-business-loans/miami/)
- [Miramar: 79 loans, median $150,000](https://www.sbaexpress.loans/florida-small-business-loans/miramar/)
- [Pembroke Pines: 93 loans, median $150,000](https://www.sbaexpress.loans/florida-small-business-loans/pembroke-pines/)
- [Hollywood: 136 loans, median $150,000](https://www.sbaexpress.loans/florida-small-business-loans/hollywood/)

## Common questions about SBA loans in Homestead

### Which lenders make the most SBA loans in Homestead?

TD Bank leads with 19 loans in Homestead since FY2024. Newtek Bank (16) and Readycap Lending, LLC (8) follow. Only lenders with five or more Homestead loans are counted.

### Which industries get SBA loans in Homestead?

Administrative Management and General Management Consulting Services leads with 5 loans in Homestead since FY2024.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA North Florida District Office (Jacksonville and Orlando)](https://www.sba.gov/district/north-florida)
- [SBA South Florida District Office (Miami, Fort Pierce and Tampa)](https://www.sba.gov/district/south-florida)
- [Florida SBDC Network (University of West Florida)](https://floridasbdc.org/)
- [SCORE, Florida](https://www.score.org/fl/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)