| $150,000–350,000 | GULF COAST TRAFFIC ENGINEERS INC | PENSACOLA, FL | Truist Bank d/b/a Branch Banking & Trust Co |
| $350,000–1 million | GULF ICE SYSTEMS INC | PENSACOLA, FL | Bank of America, National Association |
| $150,000–350,000 | GULF SOUTH ELECTRIC, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | GULF STATES AUTOMATION, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | GULF WATERS GROUP, LLC | PENSACOLA, FL | The First, A National Banking Association |
| $150,000–350,000 | GULF-ATLANTIC CONSTRUCTORS, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | GUSTAVO TWO INC | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | GUY BROTHERS ROOFING INC | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | H M YONGE & ASSOCIATES, INC | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | HAMMOND ENGINEERING INC | PENSACOLA, FL | Centennial Bank |
| $150,000–350,000 | HANTO & CLARKE GENERAL CONTRACTORS LLC | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | HEALTHSOURCE OF NORTHWEST FLORIDA, LLC | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | HEATON BROTHERS CONSTRUCTION COMPANY, INC. | PENSACOLA, FL | Trustmark National Bank |
| $150,000–350,000 | HEFFERNAN HOLLAND MORGAN ARCHITECTURE, P.A. | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | HEROMAN SERVICES PLANT COMPANY | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | HEWES AND COMPANY, LLC | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | HILES MCLEOD INSURANCE INC | PENSACOLA, FL | Hancock Whitney Bank |
| $1–2 million | HILL-KELLY DODGE, INC. | PENSACOLA, FL | BancorpSouth Bank |
| $350,000–1 million | HILLCREST BAPTIST CHURCH | PENSACOLA, FL | Wells Fargo Bank, National Association |
| $150,000–350,000 | HIP CREATIVE INC | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | HODGE & MARTIN PA | PENSACOLA, FL | Synovus Bank |
| $350,000–1 million | HOLI CORP | PENSACOLA, FL | Bank of the South |
| $150,000–350,000 | HOLIDAY HARBOR MARINA INC | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | HOME COMPANION SPECIALISTS LLC | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | HORIZON IMPROVEMENTS, INC | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | HOWELL TRUCK & GIANT TIRE SERVICE INC | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | HUB STACEY'S, INC. | PENSACOLA, FL | ServisFirst Bank |
| $150,000–350,000 | ICON CONSULTING & DESIGN | PENSACOLA, FL | Cross River Bank |
| $1–2 million | INDUSTRIAL ENERGY SERVICES, INC. | PENSACOLA, FL | Beach Community Bank |
| $350,000–1 million | INGRAM SIGNALIZATION, INC. | PENSACOLA, FL | Regions Bank |
| $150,000–350,000 | INNERLIGHT, INC | PENSACOLA, FL | The First, A National Banking Association |
| $150,000–350,000 | INNOVATIVE OPEN MRI OF PENSACOLA, LLC | PENSACOLA, FL | Bank of Pensacola |
| $350,000–1 million | INNOVATIVE TRANSPORT & LOGISTICS SOLUTIONS, LLC | PENSACOLA, FL | Beach Community Bank |
| $350,000–1 million | INTELLIGENT RETINAL IMAGING SYSTEMS, INC. | PENSACOLA, FL | Hancock Whitney Bank |
| $350,000–1 million | INTERNATIONAL DRILLING & SAWING, INC | PENSACOLA, FL | Regions Bank |
| $150,000–350,000 | IRON RESTAURANT GROUP LLC | PENSACOLA, FL | Hancock Whitney Bank |
| $150,000–350,000 | J & M VALVE INC | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | J. MILLER CONSTRUCTION INC. | PENSACOLA, FL | Harvesters FCU |
| $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, LLC | 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 d/b/a Branch Banking & Trust Co |
| $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 | BancorpSouth 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 d/b/a Branch Banking & Trust Co |
| $350,000–1 million | KITCHEN EQUIPMENT & SUPPLY COMPANY | PENSACOLA, FL | Synovus Bank |
| $150,000–350,000 | KMS BUSINESS PRODUCTS CORPORATION | PENSACOLA, FL | Bank of America, National Association |
| $350,000–1 million | KNOWLES ONSITE REPAIR, INC. | PENSACOLA, FL | Axos 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 | Beach Community 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 |
| $350,000–1 million | LIBERTY CHURCH INC. | PENSACOLA, FL | Regions Bank |
| $150,000–350,000 | LIL DENTAL PA | PENSACOLA, FL | Synovus 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 | BBVA USA |
| $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 |
| $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 |
| $150,000–350,000 | MCLEMORE ELECTRIC, INC. | PENSACOLA, FL | Centennial 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 | Spirit of Texas Bank, SSB |
| $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 |
| $350,000–1 million | MERAKI INSTALLERS, LLC | PENSACOLA, FL | Regions Bank |
| $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 | BBVA USA |
| $150,000–350,000 | MINISTRY VILLAGE AT OLIVE, INC | PENSACOLA, FL | SmartBank |
| $150,000–350,000 | MMW HOLDINGS LLC | PENSACOLA, FL | BBVA USA |
| $150,000–350,000 | MO' MONEY ASSOCIATES, LLC | PENSACOLA, FL | ServisFirst Bank |
| $350,000–1 million | MONTESSORI EARLY SCHOOL | PENSACOLA, FL | Regions Bank |