St. Pete bank to sell $103M in small business loans to Miami company

St. Petersburg-based BayFirst Financial Corp., parent company of BayFirst National Bank, announced plans on Sept. 29 to exit the SBA 7(a) lending business and sell its $103 million loan balance to Banesco USA.
St. Petersburg-based BayFirst Financial Corp., parent company of BayFirst National Bank, announced plans on Sept. 29 to exit the SBA 7(a) lending business and sell its $103 million loan balance to Banesco USA.
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BayFirst Financial Corp., the St. Petersburg-based parent company of BayFirst National Bank, announced Monday it plans to sell an estimated $103 million in SBA 7(a) loan balances to Banesco USA. 

 

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