---
schema_version: "secwatch.filing_event.v1"
accession: "0001649739-25-000259"
form_type: "8-K"
ticker: "BAFN"
cik: "0001649739"
company_name: "BayFirst Financial Corp."
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:13:30.018463+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BayFirst closes $94.6M SBA loan sale to Banesco USA; capital ratios improve

## Summary
- Sold $94.6M of SBA 7(a) loans to Banesco USA; additional $4.5M sale expected before year-end.
- Exited SBA 7(a) lending business; Banesco USA assumed servicing of remaining loans.
- Proforma total capital ratio improves to 10.1%; Tier 1 leverage ratio improves to 6.8%.
- Transaction part of strategic review to de-risk SBA 7(a) balances and enhance shareholder value.

## SEC filing metadata
- accession: 0001649739-25-000259
- form_type: 8-K
- ticker: BAFN
- cik: 0001649739
- company_name: BayFirst Financial Corp.
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649739/000164973925000259/0001649739-25-000259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649739/000164973925000259/bafn-20251212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649739-25-000259
- JSON: https://secwatch.observer/filing/0001649739-25-000259.json
- Plain text: https://secwatch.observer/filing/0001649739-25-000259.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.