# Small business loans in St. Augustine, FL

**Short answer:** The most active SBA lenders in St. Augustine, FL since FY2024 are Newtek Bank (17 loans) and The Huntington National Bank (13). The median loan was $265,000, and half fell between $142,850 and $500,000. For free help, see the Florida SBDC Network. Source: SBA 7(a) loan data.

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

## Lenders making SBA loans in St. Augustine

No lender made more than 14% of the loans in St. Augustine, and Newtek Bank made the most. The five largest lenders together made 42%.

**Lenders with five or more SBA loans in St. Augustine, FL, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [Newtek Bank](https://www.sbaexpress.loans/sba-express-lenders/newtek-bank/) | 17 | 14.3% |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/florida/) | 13 | 10.9% |
| [United Midwest Savings Bank](https://www.sbaexpress.loans/sba-express-lenders/united-midwest-savings-bank/) | 9 | 7.6% |
| [Wells Fargo Bank](https://www.sbaexpress.loans/sba-express-lenders/wells-fargo-bank/florida/) | 6 | 5.0% |
| [Bank of America](https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/) | 5 | 4.2% |

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

## Local help near St. Augustine

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

50% of St. Augustine 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 St. Augustine

St. Augustine ranks 21st by loans since FY2024 among the 55 Florida cities with 100 or more SBA loans since FY2020. Nationally it is the 157th busiest of the 580 cities that reach 100 loans.

The 119 loans, 0.9% of the 12,780 in Florida, were approved for $61.7 million in all. The median loan was $265,000, 76% above the national median of $150,300. Half of the loans fell between $142,850 and $500,000. The St. Augustine median is 17% above the Florida median of $226,250.

**St. Augustine, FL compared with Florida and the nation, loans from FY2024 to June 2026**

| Measure | St. Augustine | Florida | U.S. |
| --- | --- | --- | --- |
| Loans | 119 | 12,780 | 162,355 |
| Median loan | $265,000 | $226,250 | $150,300 |
| 25th percentile | $142,850 | $90,000 | $50,000 |
| 75th percentile | $500,000 | $500,000 | $500,000 |
| Via SBA Express | 22.7% | 30.0% | 35.8% |
| Lines of credit | 18.5% | 26.1% | 28.1% |
| Startups | 33.6% | 15.1% | 16.1% |
| Ownership changes | 6.7% | 10.5% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 3.0 | 2.75 |
| Charged off | 0.0% | 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.

78% of the loans were $500,000 or less, the size SBA Express covers. 22.7% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 18.5% of loans, below the national 28.1%.

SBA loans in St. Augustine, FL by size, FY2024 to June 2026

- $50,000 or less (13%): 16
- $50,001 to $150,000 (26%): 31
- $150,001 to $350,000 (27%): 32
- $350,001 to $500,000 (12%): 14
- $500,001 to $1,000,000 (12%): 14
- $1,000,001 to $2,000,000 (6%): 7
- Over $2,000,000 (4%): 5

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

By business age, 43.7% of loans went to businesses more than two years old and 16.0% to businesses two years old or younger. Startups received 33.6% and changes of ownership 6.7%. The national startup share is 16.1%.

SBA loans in St. Augustine, FL by fiscal year

- FY2020: 24
- FY2021: 25
- FY2022: 30
- FY2023: 30
- FY2024: 43
- FY2025: 50
- FY2026 (through June 30): 26

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

Volume rose 16% from FY2024 (43 loans) to FY2025 (50), the two latest full years. The busiest full year in the file was FY2025, with 50 loans. FY2026 already shows 26 loans through June 30.

Of the 79 loans St. Augustine borrowers received in FY2020 to FY2022, 0.0% were charged off by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 1,178 jobs supported across the 119 loans since FY2024, about 9.9 per loan. SBA does not audit these estimates.

## What businesses in St. Augustine borrow for

Full-Service Restaurants was the largest borrower group in St. Augustine, with 8 loans or 6.7% of the total.

The four largest industries made up 19% of all St. Augustine loans.

**Industries with the most SBA loans in St. Augustine, FL, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/florida/) | 8 | 6.7% | 4.6% |
| [Janitorial Services](https://www.sbaexpress.loans/industries/janitorial-services/) | 5 | 4.2% | 1.0% |
| [Offices of Chiropractors](https://www.sbaexpress.loans/industries/offices-of-chiropractors/) | 5 | 4.2% | 0.8% |
| [Offices of Physicians (except Mental Health Specialists)](https://www.sbaexpress.loans/industries/offices-of-physicians/florida/) | 5 | 4.2% | 1.1% |

Share is the percent of all St. Augustine 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 St. Augustine

The median St. Augustine loan was $265,000 with a median term of 10 years.

The median variable-rate loan in St. Augustine was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $265,000 over 10 years, principal and interest would come to about $3,465 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three St. Augustine loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $142,850 | $1,868 |
| Median loan | $265,000 | $3,465 |
| 75th percentile loan | $500,000 | $6,539 |

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 $265,000 is Prime plus 4.5 percentage points, or 11.50% today. The median variable-rate loan here was priced 1.8 points under that ceiling. Source: 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

St. Augustine loans approved since FY2024 had a median starting rate of 10.25% at approval, matching the national median. 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 $250,000 loan](https://www.sbaexpress.loans/loan-amounts/250000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near St. Augustine

St. Augustine has 26 SBA 504 loans since FY2024, with $37.9 million in SBA and CDC dollars.

The median 504 loan in St. Augustine was $1,206,500 in SBA and CDC dollars, 24% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

Florida First Capital Finance Corporation, Inc. is the Certified Development Company (CDC) named on the most loans since FY2024, with 20. Florida Business Development Corporation follows with 5. The two CDCs listed are named on 25 loans between them.

**CDCs named on five or more 504 loans in St. Augustine, FY2024 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Florida First Capital Finance Corporation, Inc. | 20 |
| Florida Business Development Corporation | 5 |

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 St. Augustine

St. Augustine made up 0.9% of Florida's SBA loans since FY2024.

St. Augustine 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.

- [Jacksonville: 407 loans, median $265,000](https://www.sbaexpress.loans/florida-small-business-loans/jacksonville/)
- [Tallahassee: 74 loans, median $212,950](https://www.sbaexpress.loans/florida-small-business-loans/tallahassee/)
- [Pensacola: 105 loans, median $268,000](https://www.sbaexpress.loans/florida-small-business-loans/pensacola/)
- [Gainesville: 66 loans, median $350,000](https://www.sbaexpress.loans/florida-small-business-loans/gainesville/)
- [Sanford: 70 loans, median $300,000](https://www.sbaexpress.loans/florida-small-business-loans/sanford/)
- [Winter Park: 58 loans, median $328,250](https://www.sbaexpress.loans/florida-small-business-loans/winter-park/)
- [Orlando: 648 loans, median $204,500](https://www.sbaexpress.loans/florida-small-business-loans/orlando/)
- [Melbourne: 110 loans, median $253,500](https://www.sbaexpress.loans/florida-small-business-loans/melbourne/)

## Common questions about SBA loans in St. Augustine

### Which lenders make the most SBA loans in St. Augustine?

Newtek Bank leads with 17 loans in St. Augustine since FY2024. The Huntington National Bank (13) and United Midwest Savings Bank (9) follow. Only lenders with five or more St. Augustine loans are counted.

### Which industries get SBA loans in St. Augustine?

Full-Service Restaurants leads with 8 loans in St. Augustine since FY2024. Janitorial Services (5) and Offices of Chiropractors (5) follow.

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)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)