| $350,000–1 million | INTELLIGENT RETINAL IMAGING SYSTEMS, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | IRON RESTAURANT GROUP LLC | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | J AND M VALVE, INC | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | J. MILLER CONSTRUCTION INC. | PENSACOLA, FL | Harvesters Credit Union |
| $350,000–1 million | JACKSON'S OF PENSACOLA LLC | PENSACOLA, FL | Trustmark National Bank |
| $150,000–350,000 | JANLIS MS, LLC | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | JANSEN QUALITY CONSTRUCTION, INC | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | JELLYFISH, L.L.C. | PENSACOLA, FL | SmartBank |
| $350,000–1 million | JENNINGS COMPANY, INC | PENSACOLA, FL | Naheola Credit Union |
| $150,000–350,000 | JEREMIAH J. TALBOTT, P.A. | PENSACOLA, FL | Hancock Whitney Bank |
| $1–2 million | JERRY PATE TURF & IRRIGATION, INC. | PENSACOLA, FL | Regions Bank |
| $1–2 million | JLO. INC | PENSACOLA, FL | Bremer Bank, National Association |
| $150,000–350,000 | JOE DEREUIL ASSOCIATES, LLC | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | JOE PATTI SEAFOOD COMPANY, INC. | PENSACOLA, FL | Renasant Bank |
| $150,000–350,000 | JOHN APPLEYARD AGENCY, INC | PENSACOLA, FL | Bank of Pensacola |
| $150,000–350,000 | JOINT MISSION ESSENTIAL TRAINING SOLUTIONS, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | JUBILEE CHRISTIAN CENTER OF PENSACOLA | PENSACOLA, FL | Truist Bank |
| $1–2 million | JUPITER BACH NORTH AMERICA INC | PENSACOLA, FL | Bank of America, National Association |
| $150,000–350,000 | JUPITER'S GOLD- BAYOU, LLC | PENSACOLA, FL | Cadence Bank |
| $150,000–350,000 | KAPLE HOLDINGS INC | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | KENNETH HORNE & ASSOCIATES, INC | PENSACOLA, FL | Synovus Bank |
| $350,000–1 million | KIA AUTOSPORT OF PENSACOLA, INC. | PENSACOLA, FL | Truist Bank |
| $350,000–1 million | KITCHEN EQUIPMENT & SUPPLY COMPANY | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | L & H RESTAURANTS, LLC | PENSACOLA, FL | Navy FCU |
| $150,000–350,000 | L30 CONSULTING, LLC | PENSACOLA, FL | Bank of Pensacola |
| $150,000–350,000 | LARRY M. JACOBS & ASSOCIATES, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | LARRY TRONU MECHANICAL INC | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | LAURA TONETTI HALL DVM PA | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | LAWN MASTER INC | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | LAWRENCE H2O, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | LEE MECHANICAL & PLUMBING LLC | PENSACOLA, FL | The First Bank |
| $150,000–350,000 | LENDER SERVICES INC | PENSACOLA, FL | ServisFirst Bank |
| $2–5 million | LEVIN PAPANTONIO THOMAS MITCHELL RAFFERTY & PROCTOR PA | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | LITVAK, BEASLEY, WILSON & BALL LLP | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | LIVING WATER FIRE PROTECTION LLC | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | MARCUS POINTE BAPTIST CHURCH INC | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | MARIA'S FRESH SEAFOOD MARKET, LLC | PENSACOLA, FL | Synovus Bank |
| $350,000–1 million | MARINA MANAGEMENT CORP. | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | MARTELLI ENTERPRISES INC | PENSACOLA, FL | First Source Federal Credit Union |
| $350,000–1 million | MASSAGE JMSRX, INC | PENSACOLA, FL | The Huntington National Bank |
| $1–2 million | MASTER INSULATION INC | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | MATHES ELECTRIC SUPPLY CO INC | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | MCGUIRE'S IRISH PUB INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $1–2 million | MCGUIRE'S IRISH PUB OF DESTIN, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $1–2 million | MCGUIRE'S IRISH PUB, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | MCMAHON HADDER INSURANCE, INC. | PENSACOLA, FL | Bank of Pensacola |
| $350,000–1 million | MCSWAIN ENGINEERING INC | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | ME MONTANA LLC | PENSACOLA, FL | Simmons Bank |
| $350,000–1 million | ME NORTHERN BAY, LLC | PENSACOLA, FL | The Huntington National Bank |
| $150,000–350,000 | MEDICAL SPECALTIES GROUP OF LOUISIANA, LLC | PENSACOLA, FL | Bank of Pensacola |
| $150,000–350,000 | MERCHANTS PAPER COMPANY, INC. | PENSACOLA, FL | Trustmark National Bank |
| $150,000–350,000 | MEREDITH LUMBER CO | PENSACOLA, FL | Wells Fargo Bank, National Association |
| $150,000–350,000 | MERRILL LAND CONSTRUCTION, LLC | PENSACOLA, FL | Trustmark National Bank |
| $150,000–350,000 | MERRITT GLASS COMPANY, INC. | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | MICHLES & BOOTH, P.A. | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | MICKELSON CONSTRUCTION SERVICES INC. | PENSACOLA, FL | Centennial Bank |
| $150,000–350,000 | MIDDLE CHILD MANAGEMENT INC | PENSACOLA, FL | First Source Federal Credit Union |
| $150,000–350,000 | MINISTRY VILLAGE AT OLIVE, INC | PENSACOLA, FL | SmartBank |
| $150,000–350,000 | MMW HOLDINGS LLC | PENSACOLA, FL | First Source Federal Credit Union |
| $150,000–350,000 | MO' MONEY ASSOCIATES, LLC | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | MOORE, HILL, & WESTMORELAND, P.A. | PENSACOLA, FL | Bank of Pensacola |
| $150,000–350,000 | MOORHEAD LAW GROUP PLLC | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | MORETTE COMPANY | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | MSX GROUP LLC | PENSACOLA, FL | Bank of America, National Association |
| $150,000–350,000 | MYTIE LLC | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | NATIONAL STANDARD PARTS ASSOCIATES, INC. | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | NEPHROLOGY ASSOCIATES OF THE GULF COAST, P.A. | PENSACOLA, FL | Truist Bank |
| $150,000–350,000 | NETWORK COMMUNICATIONS OF NORTHWEST FLORIDA, INC | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | NEW YORKER DELI, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | NORGEM INC | PENSACOLA, FL | Synovus Bank |
| $350,000–1 million | NORGEM, INC. | PENSACOLA, FL | Synovus Bank |
| $350,000–1 million | NORTHWEST FLORIDA PROFESSIONAL BASEBALL, LLC | PENSACOLA, FL | Synovus Bank |
| $350,000–1 million | NORTHWEST FLORIDA SURGICAL CENTER, INC. | PENSACOLA, FL | Regions Bank |
| $350,000–1 million | NORWOOD ENTERPRISES INC | PENSACOLA, FL | Synovus Bank |
| $1–2 million | NOWAK ENTERPRISES INC. | PENSACOLA, FL | Regions Bank |
| $150,000–350,000 | NSS-ALF PENSACOLA LLC | PENSACOLA, FL | Newtek Small Business Finance, Inc. |
| $150,000–350,000 | OASIS PREFERRED MAINTENANCE, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $1–2 million | OFFSHORE INLAND MARINE & OILFIELD, INC. | PENSACOLA, FL | Trustmark National Bank |
| $150,000–350,000 | ONE SOLUTION ENERGY CONSULTING LLC | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | ONESOURCEPCS, LLC | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | OPTIMAL HOME CARE LLC | PENSACOLA, FL | Bank of America, National Association |
| $350,000–1 million | OREN INTERNATIONAL INC | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | OUTER SPACES LLC | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | PAIN CONSULTANTS OF WEST FLORIDA, P.A. | PENSACOLA, FL | First Source Federal Credit Union |
| $150,000–350,000 | PALAFOX VENTURES, LLC | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | PANHANDLE ALARM & TELEPHONE CO., INC | PENSACOLA, FL | Trustmark National Bank |
| $2–5 million | PANHANDLE ANESTHESIOLOGY ASSOCIATES, PA | PENSACOLA, FL | ServisFirst Bank |
| $1–2 million | PANHANDLE GRADING AND PAVING INC | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | PANHANDLE MEDICAL SERVICES LLC | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | PATTI MARINE ENTERPRISES, INC. | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | PAYDAY INC | PENSACOLA, FL | Cadence Bank |
| $1–2 million | PEN GULF, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | PENSACOLA APOTHECARY, INC. | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | PENSACOLA AVIATION CENTER | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | PENSACOLA AVIATION CENTER LLC | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | PENSACOLA CATHOLIC HIGH | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | PENSACOLA CONCRETE CONSTRUCTION COMPANY INC | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | PENSACOLA FUEL INJECTIONS | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | PENSACOLA HABITAT FOR HUMANITY | PENSACOLA, FL | SmartBank |
| $350,000–1 million | PENSACOLA LUNG GROUP | PENSACOLA, FL | ServisFirst Bank |