US Lender Metrics Get a Lender Match
Home › SBA lenders by state › Florida › Key West

SBA lenders in Key West, FL

SBA 7(a) and 504 loans to businesses in Key West (Monroe County), October 2021 to June 30, 2026 · Updated October 15, 2026
26
SBA loans approved
$18.7M
Total approved
$364,200
Median loan
19
Lenders active
23%
To startups

26 SBA loans worth $18.7M went to businesses in Key West, FL between October 2021 and June 2026, from 19 lenders. Readycap Lending made the most, 5 loans. The median loan was $364,200, compared with $250,000 across Florida, and retail was the most financed industry.

Most active SBA lenders in Key West

#LenderLoansApprovedMedian loanTo startups
1Readycap Lending
Non-bank lender · Berkeley Heights, NJ
5$1.4M$113,50040%
2Northeast Bank
Bank · Portland, ME
3$250K$100,00033%
3First Horizon Bank
Bank · Memphis, TN
2$684K$342,0000%
4Florida First Capital Finance Corporation
Certified development company · Tallahassee, FL
1$5.0M$4,962,000100%
5Patriot Bank
Bank · Stamford, CT
1$3.0M$2,975,000100%
6Midwest Regional Bank
Bank · Clayton, MO
1$1.8M$1,833,0000%
7Truliant FCU
Credit union · Winston-Salem, NC
1$1.0M$1,000,0000%
8Midwest BankCentre
Bank · Lemay, MO
1$885K$885,0000%
9Florida Business Development
Certified development company · Tampa, FL
1$731K$731,0000%
10Newtek Bank
Bank · Miami, FL
1$680K$680,0000%
11Climate First Bank
Bank · St. Petersburg, FL
1$603K$602,8000%
12Independent Development Services
Certified development company · Fort Myers, FL
1$547K$547,0000%
13Banesco USA
Bank · Miami, FL
1$500K$500,0000%
14Truist Bank
Bank · Charlotte, NC
1$378K$378,4000%
15CenTrust Bank, A Division of SmartBiz Bank
Bank · Northbrook, IL
1$350K$350,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Key West. For 504 loans the lender shown is the certified development company.

What gets financed in Key West

IndustryLoansShareMedian loanMost active lender
Retail6
23%
$234,500First Horizon Bank
Restaurants and hotels5
19%
$885,000Midwest Regional Bank
Health care and social assistance3
12%
$259,600Lake Michigan CU
Administrative and support services3
12%
$350,000CenTrust Bank, A Division of SmartBiz Bank
Arts, entertainment and recreation2
8%
$2,981,000Truliant FCU
Construction2
8%
$390,000Northeast Bank
Manufacturing2
8%
$113,500Readycap Lending
Finance and insurance1
4%
$547,000Independent Development Services
Loan size mix
  • Under $150,00027%
  • $150,000 to $500,00031%
  • $500,000 to $2 million35%
  • $2 million and up8%
Compared with Florida
Median loan, Key West
$364,200
Median loan, Florida
$250,000
Startup share, Key West
23%
Startup share, Florida
29%
Share of state's SBA loans
0.1%

SBA loans per fiscal year in Key West

071320FY14: 5 loansFY14FY15: 5 loansFY15FY16: 9 loansFY16FY17: 14 loansFY1714FY18: 4 loansFY18FY19: 3 loansFY19FY20: 6 loansFY20FY21: 11 loansFY21FY22: 5 loansFY22FY23: 4 loansFY23FY24: 6 loansFY24FY25: 6 loansFY25FY26 (Oct to Jun): 5 loansFY265
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.