| $150,000–350,000 | SMOKERS OF PANAMA CITY BEACH, FLORIDA, INC. | PANAMA CITY, FL | Trustmark National Bank |
| $150,000–350,000 | SOUTH HOUSTON VENDING COMPANY LLC | PANAMA CITY, FL | BSD Capital, LLC dba Lendistry |
| $150,000–350,000 | SOUTHERN AIR EXPERTS LLC | PANAMA CITY, FL | Trustmark National Bank |
| $1–2 million | SOUTHERN CAT INC | PANAMA CITY, FL | ServisFirst Bank |
| $350,000–1 million | SOUTHERN ORTHOPEDIC SPECIALIST P A | PANAMA CITY, FL | Trustmark National Bank |
| $150,000–350,000 | SOWELL TRACTOR COMPANY, INC. | PANAMA CITY, FL | Centennial Bank |
| $150,000–350,000 | SRR ENTERPRISES LLC | PANAMA CITY, FL | Ameris Bank |
| $150,000–350,000 | ST ANDREW BAPTIST CHURCH INC | PANAMA CITY, FL | SmartBank |
| $150,000–350,000 | ST DOMINIC CATHOLIC CHURCH | PANAMA CITY, FL | BancorpSouth Bank |
| $150,000–350,000 | ST JOHN CATHOLIC SCHOOL | PANAMA CITY, FL | BancorpSouth Bank |
| $150,000–350,000 | ST. ANDREWS BAY YACHT CLUB, INC. | PANAMA CITY, FL | Community Bank of Mississippi |
| $150,000–350,000 | STONE'S DRYWALL LLC | PANAMA CITY, FL | First Federal Bank |
| $150,000–350,000 | SUN DERMATOLOGY LLC | PANAMA CITY, FL | BancorpSouth Bank |
| $350,000–1 million | SUNGLASS WORLD OF NORTHWEST FLORIDA, INC. | PANAMA CITY, FL | Community Bank of Mississippi |
| $150,000–350,000 | SURPLUS SALES SERVICE INC. | PANAMA CITY, FL | Trustmark National Bank |
| $150,000–350,000 | TELFORD REYNOLDS ELECTRIC, INC. | PANAMA CITY, FL | Innovations FCU |
| $350,000–1 million | THE GRAND MARLIN OF PANAMA CITY BEACH, LLC | PANAMA CITY, FL | Hancock Whitney Bank |
| $150,000–350,000 | THE HOLY NATIVITY EPISCOPAL PRIVATE SCHOOL OF BAY CO INC | PANAMA CITY, FL | Hancock Whitney Bank |
| $350,000–1 million | THE INSTITUTE OF ENDOCRINOLOGY, DIABETES, HEALTH AND HORMONES, INC. | PANAMA CITY, FL | Regions Bank |
| $150,000–350,000 | THE PAIN CLINIC OF NORTHWEST FLORIDA, INC | PANAMA CITY, FL | Centennial Bank |
| $150,000–350,000 | THE WATER SPIGOT INC | PANAMA CITY, FL | Hancock Whitney Bank |
| $150,000–350,000 | THERAPY ONE REHABILITATION CENTER INC | PANAMA CITY, FL | Truist Bank d/b/a Branch Banking & Trust Co |
| $350,000–1 million | TIPTON MARLER GARNER & CHASTAIN | PANAMA CITY, FL | Regions Bank |
| $150,000–350,000 | TOOL TIME PORTABLE BUILDINGS AND STORAGE SHEDS INC. | PANAMA CITY, FL | Regions Bank |
| $150,000–350,000 | TOTAL HOMES INCORPORATED | PANAMA CITY, FL | Regions Bank |
| $150,000–350,000 | TPR CONSTRUCTION & DESIGN, LLC | PANAMA CITY, FL | Regions Bank |
| $150,000–350,000 | TRASH ROLLOFF OF BAY COUNTY, INC | PANAMA CITY, FL | Hancock Whitney Bank |
| $350,000–1 million | TREASURE ISLAND MARINA, LLC | PANAMA CITY, FL | Regions Bank |
| $350,000–1 million | TRUMBULL BOTTLED WATER, INC | PANAMA CITY, FL | Trustmark National Bank |
| $150,000–350,000 | TRUMBULL WATER SOLUTIONS, LLC | PANAMA CITY, FL | Trustmark National Bank |
| $150,000–350,000 | U.S. IRONWORKS COMPANY | PANAMA CITY, FL | First Federal Bank |
| $150,000–350,000 | VILLAS OF WHISPERING PINES, LLC | PANAMA CITY, FL | HNB First Bank |
| $150,000–350,000 | VISIONERS HOSPITALITY LLC | PANAMA CITY, FL | The Bancorp Bank |
| $150,000–350,000 | VITTLES COMPANIES INC | PANAMA CITY, FL | Hancock Whitney Bank |
| $150,000–350,000 | WAKSTEINS LLC | PANAMA CITY, FL | MidSouth Bank |
| $150,000–350,000 | WARNER LAW FIRM, P.A. | PANAMA CITY, FL | BancorpSouth Bank |
| $150,000–350,000 | WATERSIDE CHIROPRACTIC INC. | PANAMA CITY, FL | Regions Bank |
| $150,000–350,000 | WEBLIFE STORES LLC | PANAMA CITY, FL | Bank of America, National Association |
| $150,000–350,000 | WISE SERVICES, INC. | PANAMA CITY, FL | First National Bank Northwest Florida |