Business
BayFirst Financial Corp. Announces Exit from SBA 7(a) Business and $103 Million Loan Sale
ST. PETERSBURG, Fla., Sept. 29, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced plans to exit the SBA 7a lending business and sell $103 million of SBA 7(a) loan balances to Banesco USA. “As we announced earlier in the year, Management and the Board initiated a comprehensive strategic review aimed at derisking SBA 7(a) balances on the balance sheet and positioning the Company for
About this update from Bayfirst Financial Corp.
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