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BreadRoute Review
BayFirst
4.0Our BayFirst Review
BayFirst is a community bank headquartered in St. Petersburg, FL, and recognized as one of America's Best-In-State Banks for Florida in 2024. It offers an unusually broad lineup for a community bank — SBA 7(a), SBA 504, USDA Business and Industry loans, term loans, lines of credit, equipment finance, commercial real estate, construction, inventory, and accounts receivable financing. Loan sizes run from $10,000 to $10 million and beyond. Minimum requirements are a 650 credit score, $10,000 in monthly revenue, and two years in business. Government-backed lending (SBA and USDA) appears to be a particular strength. Primarily serves Florida-based businesses — confirm availability if you're outside the state.
Who Is BayFirst Best For?
Based on eligibility requirements and available products.
- Businesses with good (but not perfect) credit
- Businesses that need equipment or machinery financing
- B2B businesses with outstanding invoices to unlock
- Established businesses that qualify for SBA programs
Financing Options
Eligibility Requirements
Get Started
Quick Overview
4.0Compare Alternatives
Other Commercial Bank lenders
BayFirst Pros & Cons
Pros
- Lends nationwide
- High loan amounts available
- Wide range of financing products
Cons
- Requires $10,000+ in monthly revenue
- Requires 2 Years in business
Frequently Asked Questions
BayFirst offers financing in the range of $10,000 to $10+ Million.
BayFirst typically requires a minimum credit score of 650. Businesses with scores above this threshold are more likely to qualify for favorable terms.
BayFirst offers the following financing products: Equipment Finance, USDA Business and Industry, Accounts Receivable, Construction Finance, Working Capital, SBA 7(a), Commercial Real Estate Financing, Inventory Financing, SBA 504, Line of Credit, Term Loan.
BayFirst requires a minimum of 2 Years in business. Newer businesses may want to explore alternative lenders with lower seasoning requirements.
BayFirst provides financing to businesses across the United States.
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