BayFirst National Bank

BayFirst National Bank is a community bank headquartered in Saint Petersburg, Florida, that has grown into one of the most active SBA 7(a) lenders in the United States by loan count. While it operates as a full-service community bank serving the Tampa Bay area, its SBA lending operation has a national reach.

SBA loans are business loans that are partially guaranteed by the US Small Business Administration, a federal government agency. Because the government backs a portion of the loan, lenders like BayFirst can offer longer repayment terms and often lower interest rates than conventional business loans. SBA 7(a) loans can be used for a wide range of business purposes including working capital, equipment purchases, commercial real estate and business acquisitions.

BayFirst National Bank has developed a technology-forward approach to SBA lending, allowing it to process a high volume of SBA loans efficiently. This focus has made it a nationally significant SBA lender despite being a relatively small community bank by asset size.

For business owners in Florida, BayFirst also offers traditional community banking services including business checking accounts, conventional business loans and commercial real estate lending. Its community bank roots mean customers may receive more personal attention than at a larger national bank.

For businesses outside Florida, BayFirst's SBA lending program may still be accessible. Business owners should contact BayFirst directly to understand the current geographic reach of its SBA lending operation and what documentation is required.

As with any lender, compare BayFirst's SBA loan terms against those offered by other SBA-preferred lenders and community banks in your area before committing.