SBA-Approved Lenders in Boca Raton
| Lender | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|
| Paradise Bank | 226 | $342.9M | $1.5M | ⭐ |
SBA Loans in Boca Raton, Florida
Boca Raton is one of Florida's key business markets, and SBA 7(a) loans are a common financing tool for local small businesses buying equipment, real estate, or working capital. There are currently 1 SBA-approved lender headquartered in Boca Raton, with a combined 226 loans approved since 2020.
When evaluating SBA lenders in Boca Raton, prioritize Preferred Lender Program (PLP) status — these institutions have delegated SBA approval authority, cutting weeks off the closing timeline. Also compare loan volume (more experience = smoother process) and average loan size to find a lender whose typical deal matches your needs.
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Top SBA Lenders in Florida (Statewide)
These lenders operate across all of Florida and regularly fund Boca Raton businesses.
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SBA Loan FAQ — Boca Raton, FL
How do I find an SBA lender in Boca Raton, FL?
Start with lenders headquartered in Boca Raton — they often have local underwriters familiar with the Boca Raton market. If local options are limited, any SBA-approved lender in Florida can fund your loan. Prioritize Preferred Lenders (PLP status) for faster approvals. Our directory shows real SBA loan volume data so you can compare lenders objectively.
What SBA loans are available to Boca Raton small businesses?
Boca Raton businesses can access SBA 7(a) loans (up to $5M for working capital, equipment, real estate, or acquisition), SBA 504 loans (for owner-occupied commercial real estate and heavy equipment, with 10% down), and SBA microloans (up to $50K for startups and micro-businesses). The 7(a) program is the most flexible and widely available.
What is the minimum credit score for an SBA loan in Boca Raton?
Most SBA lenders require a personal credit score of 650–680+. Some community lenders and CDFIs go lower for businesses with strong cash flow. Having a score above 700 gives you access to the most competitive rates and the largest lender pool in Boca Raton.
How long does SBA loan approval take for a Boca Raton business?
With an SBA Preferred Lender (PLP), approval can take 7–10 business days. Standard SBA lenders add 2–4 weeks for SBA review. After approval, funding takes another 2–4 weeks. Total timeline: 30–90 days depending on loan complexity and how quickly you provide documentation.