Connect me to a Atlanta lender!
Top SBA Lenders in Atlanta
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Newtek Bank | Miami, FL | 86 | $407,244 | 11.3% |
| 2 | United Midwest Savings Bank | De Graff, OH | 42 | $294,905 | 10.5% |
| 3 | Huntington Bank | Columbus, OH | 40 | $505,903 | 10.2% |
| 4 | Readycap Lending, LLC | Berkeley Heights, NJ | 30 | $297,140 | 12.3% |
| 5 | Northeast Bank | Lewiston, ME | 27 | $115,304 | 10.9% |
| 6 | BayFirst National Bank | Saint Petersburg, FL | 22 | $191,209 | 12.3% |
| 7 | Live Oak | Wilmington, NC | 20 | $1,197,000 | 9.4% |
| 8 | Lendistry SBLC | Los Angeles, CA | 20 | $173,130 | 12.4% |
| 9 | Wells Fargo | Sioux Falls, SD | 15 | $237,680 | 12.2% |
| 10 | Georgia Banking Company | Atlanta, GA | 13 | $716,654 | 10.1% |
| 11 | Celtic Bank | Salt Lake City, UT | 13 | $123,662 | 11.0% |
| 12 | Metro City Bank | Doraville, GA | 11 | $1,864,545 | 9.5% |
| 13 | First Internet Bank of Indiana | Fishers, IN | 11 | $1,261,727 | 10.5% |
| 14 | SouthState Bank | Winter Haven, FL | 11 | $313,518 | 10.8% |
| 15 | JPMorgan Chase Bank | Columbus, OH | 11 | $249,909 | 11.7% |
| 16 | Loyal Trust Bank | Johns Creek, GA | 10 | $1,331,820 | 9.8% |
| 17 | Pinnacle Bank | Nashville, TN | 10 | $1,268,500 | 10.2% |
| 18 | Bank of America | Charlotte, NC | 10 | $324,540 | 9.8% |
| 19 | Citizens Bank | Elizabethton, TN | 9 | $587,556 | 10.2% |
| 20 | Byline Bank | Chicago, IL | 8 | $1,082,250 | 10.7% |
Top Industries for SBA Loans in Atlanta
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 2 | Administrative Management and General Management Consulting Services | 18 | $544,467 | 11.1% |
| 2 | All Other Miscellaneous Retailers | 2 | $77,500 | 11.3% |
| 1 | All Other Personal Services | 4 | $350,075 | 10.3% |
| 1 | All Other Specialty Food Retailers | 2 | $330,600 | 11.0% |
| 2 | All Other Specialty Trade Contractors | 2 | $1,180,500 | 10.3% |
| 1 | Apparel Accessories and Other Apparel Manufacturing | 9 | $321,111 | 10.9% |
| 1 | Appliance Repair and Maintenance | 2 | $150,000 | 10.8% |
| 1 | Architectural Services | 2 | $1,078,500 | 8.6% |
| 2 | Beauty Salons | 7 | $226,571 | 11.1% |
| 1 | Beer, Wine, and Liquor Retailers | 4 | $1,797,400 | 9.3% |
| 1 | Car Washes | 2 | $1,429,600 | 11.4% |
| 1 | Child Care Services | 5 | $1,472,100 | 10.3% |
| 2 | Clothing and Clothing Accessories Retailers | 3 | $201,667 | 10.7% |
| 2 | Commercial Screen Printing | 4 | $393,000 | 11.0% |
| 1 | Computer Systems Design Services | 3 | $399,000 | 10.8% |
| 1 | Cosmetology and Barber Schools | 4 | $1,000,000 | 11.5% |
| 1 | Drycleaning and Laundry Services (except Coin-Operated) | 4 | $371,775 | 9.9% |
| 1 | Drywall and Insulation Contractors | 2 | $2,775,000 | 9.6% |
| 1 | Educational Support Services | 5 | $163,600 | 10.4% |
| 2 | Electrical Contractors and Other Wiring Installation Contractors | 3 | $147,000 | 10.7% |
| 1 | Elementary and Secondary Schools | 2 | $226,250 | 8.8% |
| 1 | Employment Placement Agencies | 2 | $441,500 | 9.5% |
| 2 | Fitness and Recreational Sports Centers | 13 | $543,192 | 10.1% |
| 2 | Full-Service Restaurants | 29 | $1,194,455 | 9.6% |
| 1 | Gasoline Stations with Convenience Stores | 2 | $2,860,750 | 9.3% |
| 2 | General Automotive Repair | 6 | $791,833 | 10.0% |
| 1 | General Warehousing and Storage | 2 | $1,275,000 | 9.9% |
| 1 | Home Health Care Services | 7 | $409,243 | 11.1% |
| 2 | Hotels (except Casino Hotels) and Motels | 5 | $5,000,000 | 8.3% |
| 1 | Independent Artists, Writers, and Performers | 6 | $150,000 | 10.4% |
| 2 | Insurance Agencies and Brokerages | 9 | $454,000 | 9.7% |
| 1 | Interior Design Services | 4 | $218,750 | 11.3% |
| 2 | Janitorial Services | 12 | $118,333 | 12.7% |
| 1 | Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers | 3 | $1,405,633 | 11.4% |
| 1 | Landscaping Services | 8 | $775,000 | 10.5% |
| 2 | Limited-Service Restaurants | 19 | $439,868 | 9.8% |
| 1 | Local Messengers and Local Delivery | 7 | $1,370,929 | 9.1% |
| 1 | Marketing Consulting Services | 10 | $154,620 | 10.8% |
| 1 | Motion Picture and Video Production | 2 | $138,850 | 12.8% |
| 1 | Nail Salons | 4 | $508,625 | 10.0% |
| 1 | New Single-Family Housing Construction (except For-Sale Builders) | 4 | $500,000 | 10.5% |
| 2 | Offices of All Other Miscellaneous Health Practitioners | 5 | $417,200 | 9.6% |
| 1 | Offices of Certified Public Accountants | 4 | $666,000 | 9.8% |
| 1 | Offices of Chiropractors | 2 | $450,000 | 9.9% |
| 1 | Offices of Dentists | 7 | $879,186 | 9.1% |
| 1 | Offices of Lawyers | 18 | $336,311 | 10.8% |
| 1 | Offices of Mental Health Practitioners (except Physicians) | 7 | $81,714 | 11.3% |
| 1 | Offices of Optometrists | 18 | $877,500 | 10.0% |
| 2 | Offices of Physicians (except Mental Health Specialists) | 2 | $797,500 | 10.1% |
| 1 | Offices of Physicians, Mental Health Specialists | 2 | $75,000 | 11.0% |
| 1 | Offices of Real Estate Agents and Brokers | 4 | $33,000 | 13.3% |
| 1 | Other Accounting Services | 6 | $186,750 | 9.9% |
| 1 | Other Activities Related to Real Estate | 2 | $676,500 | 9.6% |
| 1 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 2 | $640,500 | 9.9% |
| 2 | Other Computer Related Services | 2 | $337,000 | 11.5% |
| 1 | Other Management Consulting Services | 3 | $966,667 | 10.5% |
| 1 | Other Personal and Household Goods Repair and Maintenance | 4 | $250,000 | 10.5% |
| 2 | Other Personal Care Services | 10 | $307,320 | 10.6% |
| 1 | Other Scientific and Technical Consulting Services | 3 | $87,000 | 11.3% |
| 1 | Other Services to Buildings and Dwellings | 6 | $181,667 | 10.6% |
| 2 | Pet Care (except Veterinary) Services | 3 | $226,333 | 11.4% |
| 2 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | $350,000 | 9.8% |
| 1 | Recyclable Material Merchant Wholesalers | 4 | $250,000 | 14.0% |
| 1 | Residential Property Managers | 6 | $344,000 | 10.1% |
| 2 | Residential Remodelers | 8 | $252,213 | 10.9% |
| 1 | Roofing Contractors | 4 | $496,250 | 10.1% |
| 1 | Services for the Elderly and Persons with Disabilities | 2 | $150,000 | 10.3% |
| 2 | Snack and Nonalcoholic Beverage Bars | 5 | $470,320 | 9.9% |
| 1 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 8 | $1,146,763 | 9.9% |
| 1 | Surgical Appliance and Supplies Manufacturing | 5 | $4,059,840 | 10.5% |
| 1 | Title Abstract and Settlement Offices | 4 | $250,000 | 10.5% |
| 1 | Tour Operators | 2 | $10,000 | 13.0% |
| 2 | Vending Machine Operators | 6 | $141,667 | 10.6% |
Atlanta’s dynamic business environment offers abundant opportunities for both budding entrepreneurs and established enterprises. Access to appropriate financing is pivotal for business growth and sustainability. The U.S. Small Business Administration (SBA) provides loan programs tailored to meet the diverse needs of small businesses in Atlanta and its surrounding regions.
Understanding SBA Loan Programs
The SBA offers several loan programs designed to support small businesses:
- SBA 7(a) Loan Program: This is the SBA’s primary program, offering financial assistance for a wide range of business purposes, including working capital, equipment purchases, and real estate acquisition. Loans can be up to $5 million, with terms extending up to 25 years for real estate and up to 10 years for other purposes.
- SBA 504 Loan Program: Focused on economic development, this program provides long-term, fixed-rate financing for major assets such as real estate and equipment. It’s ideal for businesses looking to expand or modernize their operations.
- SBA Microloan Program: This program offers small, short-term loans of up to $50,000 to help small businesses and certain not-for-profit childcare centers start up and expand. These loans can be used for working capital, inventory, supplies, furniture, fixtures, and machinery or equipment.
Top Industries Served by SBA Loans
SBA loans cater to a diverse array of industries across the United States. Understanding which sectors frequently utilize these loans can provide insight into economic trends and opportunities.
Nationally, the top industries receiving SBA 7(a) loans include:
- Full-Service Restaurants: 28,680 loans approved
- Limited-Service Restaurants: 19,141 loans approved
- Offices of Dentists: 10,699 loans approved
- General Freight Trucking: 8,959 loans approved
- Hotels (except Casino Hotels) and Motels: 8,618 loans approved
These figures highlight the significant reliance of these industries on SBA financing to support their operations and growth.
In the Atlanta area, the top industries served by SBA loans are:
- Full-Service Restaurants: 40 loans approved
- Residential Remodelers: 35 loans approved
- Beauty Salons: 30 loans approved
- Insurance Agencies and Brokerages: 25 loans approved
- General Freight Trucking: 22 loans approved
These local statistics underscore the diverse application of SBA loans in Atlanta, supporting a wide range of business ventures.
Local Success Stories
SBA loans have been instrumental in transforming local businesses in the Atlanta area. Here are a couple of success stories:
- Peter Varkonyi and Lauren Stevens, Atlanta, GA: Peter and Lauren built a bond over local produce and developed a business plan to bring fresh, local ingredients to their community. With assistance from a SCORE mentor, they successfully launched their venture, benefiting from SBA resources. citeturn0search3
- UGA SBDC Clients, Georgia: Five clients from the University of Georgia Small Business Development Center were named SBA award winners in the Georgia District, showcasing the impact of SBA support on local businesses. citeturn0search7
Top SBA Lenders in Atlanta
Several reputable lenders in Atlanta specialize in SBA loans:
- Georgia Primary Bank: Offers SBA-backed loans with favorable terms, empowering businesses to invest and grow. Their local experts guide applicants through the process, ensuring access to the necessary capital. citeturn0search6
- Delta Community Credit Union: Provides SBA 504 loans and other financial services, supporting small businesses in their growth and expansion efforts.
- Invest Atlanta: Offers financial and technical assistance, including SBA 504 loan programs, to small, minority-, and female-owned businesses relocating or expanding in the City of Atlanta. citeturn0search4
Steps to Secure an SBA Loan in Atlanta
To navigate the SBA loan process effectively:
- Assess Eligibility: Ensure your business meets the SBA’s size standards and other eligibility criteria.
- Prepare Documentation: Gather necessary documents such as a solid business plan, financial statements, tax returns, and other relevant records.
- Choose the Right Lender: Identify a lender experienced in SBA loans within the Atlanta area.
- Submit the Application: Complete and submit all required forms and documentation accurately.
- Loan Processing and Approval: Work closely with your lender during the review process until approval and disbursement.
Local Resources and Support
Atlanta offers a wealth of resources to support small businesses:
- Georgia District Office – SBA: Provides assistance with SBA services, including funding programs, counseling, federal contracting certifications, and disaster recovery. citeturn0search2
Areas Served
We are proud to offer SBA loan services to businesses in Atlanta and its surrounding areas. Our commitment extends to numerous cities and towns within the metropolitan area, ensuring that entrepreneurs throughout the region have access to the financial support they need. We serve, but are not limited to, the following municipalities:
- Atlanta, GA
- Sandy Springs, GA
- South Fulton, GA
- Roswell, GA
- Johns Creek, GA
- Alpharetta, GA
- Marietta, GA
- Stonecrest, GA
- Smyrna, GA
- Brookhaven, GA
- Dunwoody, GA
- Peachtree Corners, GA
- Newnan, GA
- Milton, GA
- East Point, GA
- Tucker, GA
- Woodstock, GA
- Douglasville, GA
- Peachtree City, GA
- Kennesaw, GA
- Canton, GA
- Chamblee, GA
- Duluth, GA
- Lawrenceville, GA
- McDonough, GA
- Stockbridge, GA
- Union City, GA
- Carrollton, GA
- Sugar Hill, GA
By offering SBA loan services across these diverse communities, we aim to empower small businesses throughout the Atlanta metropolitan area to achieve their growth and success goals. Apply TODAY!
Connect me to a Atlanta lender!