# BayFirst National Bank SBA loans

**Short answer:** BayFirst National Bank ranks 10th of 807 lenders by SBA loans since October 2023, with 4,508. 8.2% of its 1,685 loans approved October 2019 to September 2022 were charged off, against 3.6% for all lenders, per SBA's loan file.

Canonical page: https://www.sbaexpress.loans/sba-express-lenders/bayfirst-national-bank/
Data as of: 2026-06-30

This site is not BayFirst National Bank

sbaexpress.loans is not BayFirst National Bank, and BayFirst National Bank did not provide, review or pay for this page. Janover Capital LLC runs this site. The loan figures here come from SBA's public 7(a) loan file, not from BayFirst National Bank.

## Loan sizes

$120,000: 25th percentile

$150,000: Median loan

$150,000: 75th percentile

10 years: Median term

The median loan BayFirst National Bank approved from October 2023 to June 2026 was $150,000. A quarter of its loans were smaller than $120,000 and a quarter were larger than $150,000. For all lenders the median was $150,300. Its median loan is close to the all-lender median. The average loan was $153,729.

Share of loans by size, October 2023 to June 2026

- $50,000 or less: 5.1%
- $50,001 to $150,000: 89.7%
- $150,001 to $350,000: 2.4%
- $350,001 to $500,000: 1.3%
- $500,001 to $1,000,000: 1.0%
- $1,000,001 to $2,000,000: 0.4%
- Over $2,000,000: 0.2%

Shares are of all 4,508 loans. Fewer than 5 marks a band whose count we do not publish.

## Age of the businesses it lends to

The largest group was businesses in operation more than 2 years, at 96.4% of this lender's loans, against 57.5% for all lenders.

Share of loans by age of the business, October 2023 to June 2026

- In business more than 2 years: 96.4%
- In business 2 years or less: 0.8%
- Startup (the loan opens the business): 0.7%
- Change of ownership: 2.0%

Fewer than 5 marks a group whose count we do not publish.

## SBA Express and lines of credit

0.1% of this lender's loans went through SBA Express, below the 35.8% for all lenders. 0.1% were lines of credit, below the 28.1% for all lenders.

**SBA Express and line-of-credit share, October 2023 to June 2026**

| Share of loans | BayFirst National Bank | All lenders |
| --- | --- | --- |
| Through SBA Express | 0.1% | 35.8% |
| Lines of credit | 0.1% | 28.1% |

A line of credit lets a business draw money, repay it and draw again. SBA's file flags these loans as revolving.

What SBA Express means

An SBA Express loan can be up to $500,000. On these loans, the lender makes the credit decision without prior SBA review.

Source: SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126); SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127).

## Where it lends

The most loans went to businesses in California: 691 of 4,508, or 15.3%. It made 5 or more loans in each of 50 states. State is where the business is, not where the lender is based.

**Top states, October 2023 to June 2026**

| State | Loans | Share of its loans |
| --- | --- | --- |
| California | 691 | 15.3% |
| [Florida](https://www.sbaexpress.loans/sba-express-lenders/bayfirst-national-bank/florida/) | 526 | 11.7% |
| New York | 444 | 9.8% |
| Texas | 428 | 9.5% |
| New Jersey | 164 | 3.6% |

State names link to this lender's page for that state where we publish one.

### 1 state page for this lender

Each page covers this lender's loans in one state.

- [Florida: 1,106 loans since October 2019](https://www.sbaexpress.loans/sba-express-lenders/bayfirst-national-bank/florida/)

## What it lends to

Residential Remodelers had the most loans: 140 of 4,508. The table lists industries with 5 or more loans, at most five.

**Top industries, October 2023 to June 2026**

| Industry | Loans | Share of its loans |
| --- | --- | --- |
| [Residential Remodelers](https://www.sbaexpress.loans/industries/residential-remodelers/) | 140 | 3.1% |
| [Plumbing, Heating, and Air-Conditioning Contractors](https://www.sbaexpress.loans/industries/plumbing-heating-air-conditioning-contractors/) | 90 | 2.0% |
| [Clothing and Clothing Accessories Retailers](https://www.sbaexpress.loans/industries/clothing-clothing-accessories-retailers/) | 82 | 1.8% |
| [All Other Specialty Trade Contractors](https://www.sbaexpress.loans/industries/all-other-specialty-trade-contractors/) | 81 | 1.8% |
| [Insurance Agencies and Brokerages](https://www.sbaexpress.loans/industries/insurance-agencies-brokerages/) | 80 | 1.8% |

Industry is the NAICS code recorded on each loan.

## About the lender

- **Type:** Bank
- **Location:** Saint Petersburg, FL (headquarters, per FDIC)
- **FDIC certificate number:** 34997
- **Official website:** [www.bayfirstfinancial.com](https://www.bayfirstfinancial.com) (as FDIC has it on file; we do not control it)

This page describes loans SBA approved. It does not show denied applications, today's rates, fees or credit standards. It is not an offer from BayFirst National Bank. To ask BayFirst National Bank about a loan, contact it directly.

## Starting rates and spread over Prime

The median starting rate on this lender's loans approved from October 2023 to June 2026 was 13.25%. The median spread was 4.75 percentage points over Prime. For all lenders the medians were 10.25% and 2.75 percentage points over Prime.

Both its median starting rate and its median spread were higher than the all-lender medians.

The starting rate follows Prime on the day a loan was approved. The spread over Prime is the steadier way to compare lenders and years. Spread is measured on variable-rate loans only.

SBA's ceiling on variable rates

For variable-rate loans, SBA caps the rate at Prime plus 3.0 to 6.5 percentage points, depending on loan size. Today's ceilings by loan size are on the [rates page](https://www.sbaexpress.loans/rates/).

Source: 13 CFR § 120.214(d).

## Loans by year

From FY2024 to FY2025, the number of loans fell 32% (2,676 to 1,816). Across all lenders it rose 2.4%.

SBA loans approved by fiscal year

- FY2020: 506
- FY2021: 322
- FY2022: 857
- FY2023: 2,466
- FY2024: 2,676
- FY2025: 1,816
- FY2026 (through June 30): 16

SBA's fiscal year runs October 1 to September 30. FY2026 covers October 1, 2025 to June 30, 2026 only. Fewer than 5 marks a year whose count we do not publish.

## Charge-offs

8.2%: Charged off, by loans

4.5%: Charged off, by dollars

1,685: Loans approved FY2020 to FY2022

BayFirst National Bank approved 1,685 loans from October 2019 to September 2022. By June 30, 2026, 138 of them, or 8.2%, had been charged off. By loans that is higher than the 3.6% for all lenders. By dollars the rate was 4.5%, against 0.9% for all lenders.

How charge-offs are counted

We count only loans approved October 1, 2019 to September 30, 2022 (FY2020 to FY2022). Newer loans have not had time to go bad. A charge-off means the lender wrote the loan off as a loss. The rate by loans is charged-off loans divided by approved loans. The rate by dollars is the charged-off balance divided by approved dollars. Both run through June 30, 2026.

The two rates can differ widely for a lender that writes many small loans. A small loan adds one to the count but little to the dollars.

SBA's file covers approved loans only. This says nothing about how often applications are approved.

## Lenders with a similar number of loans

These five lenders are the nearest to BayFirst National Bank by number of SBA loans. Their pages show the same figures, so you can compare loan sizes and loan types. BayFirst National Bank sits in the middle of this group on each measure shown. It ranks 10th of 807 lenders by loans approved from October 2023 to June 2026.

**Lenders closest to BayFirst National Bank by loans, October 2023 to June 2026**

| Lender | Loans | Median loan | Express | Lines of credit | Charge-offs |
| --- | --- | --- | --- | --- | --- |
| [Live Oak Banking Company](https://www.sbaexpress.loans/sba-express-lenders/live-oak-banking-company/) | 4,976 | $500,000 | 13.9% | 12.9% | 1.1% |
| [JPMorgan Chase Bank](https://www.sbaexpress.loans/sba-express-lenders/jpmorgan-chase-bank/) | 4,934 | $200,000 | 90.1% | 74.6% | 4.8% |
| **BayFirst National Bank** | 4,508 | $150,000 | 0.1% | 0.1% | 8.2% |
| [Wells Fargo Bank](https://www.sbaexpress.loans/sba-express-lenders/wells-fargo-bank/) | 3,991 | $20,000 | 67.7% | 67.6% | 8.6% |
| [Lendistry SBLC, LLC](https://www.sbaexpress.loans/sba-express-lenders/lendistry-sblc-llc/) | 3,302 | $150,000 | 0.0% | 0.0% | 21.3% |
| [Celtic Bank](https://www.sbaexpress.loans/sba-express-lenders/celtic-bank/) | 3,098 | $150,000 | 0.0% | 0.0% | 3.2% |

Express and lines of credit are shares of loans. Charge-offs are the share of loans approved October 2019 to September 2022 that had been charged off by June 30, 2026. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish.

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. A lender's past loans do not describe its current credit policy. Recent loans were approved October 1, 2023 to June 30, 2026. The full file starts October 1, 2019. SBA's fiscal year runs October 1 to September 30. Express counts SBA Express and Export Express loans. Spread over Prime is measured on variable-rate loans. [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)
- [13 CFR § 120.214(d)](https://www.ecfr.gov/current/title-13/section-120.214)
- [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)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [FDIC BankFind: institution directory (headquarters and website)](https://banks.data.fdic.gov/bankfind-suite/bankfind)