BayFirst Financial to Sell $103 Million SBA Loan Portfolio to Banesco USA, Exits SBA 7(a) Lending Business

Reuters
Sep 29, 2025
BayFirst Financial to Sell $103 Million SBA Loan Portfolio to Banesco USA, Exits SBA 7(a) Lending Business

BayFirst Financial Corp. (NASDAQ: BAFN) announced it will exit the SBA 7(a) lending business and sell $103 million in SBA 7(a) loan balances to Banesco USA. The transaction includes the transfer of most SBA lending staff to Banesco USA, which will also acquire the servicing rights for the purchased loans. The deal is expected to close in the fourth quarter of this year.

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