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Small business loans in New Orleans are available from many SBA lenders. Here are the most active New Orleans SBA lenders:
Top SBA Lenders in New Orleans
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Newtek Bank | Miami, FL | 64 | $252,000 | 11.7% |
| 2 | American Bank | Covington, LA | 16 | $822,594 | 10.6% |
| 3 | Hancock Whitney Bank | Gulfport, MS | 14 | $608,500 | 10.6% |
| 4 | Live Oak | Wilmington, NC | 10 | $1,186,000 | 9.3% |
| 5 | Northeast Bank | Lewiston, ME | 10 | $92,970 | 10.7% |
| 6 | JPMorgan Chase Bank | Columbus, OH | 9 | $163,456 | 12.3% |
| 7 | Readycap Lending, LLC | Berkeley Heights, NJ | 9 | $108,000 | 13.8% |
| 8 | Gulf Coast Bank and Trust | New Orleans, LA | 6 | $1,128,750 | 10.2% |
| 9 | The Citizens National Bank of Meridian | Meridian, MS | 4 | $475,950 | 9.9% |
| 10 | Fidelity Bank | Mandeville, LA | 4 | $183,075 | 9.2% |
| 11 | United Midwest Savings Bank | De Graff, OH | 4 | $135,000 | 10.8% |
| 12 | BayFirst National Bank | Saint Petersburg, FL | 4 | $120,825 | 12.6% |
| 13 | First Internet Bank of Indiana | Fishers, IN | 3 | $1,032,000 | 10.9% |
| 14 | New York, NY | 3 | $798,000 | 10.0% | |
| 15 | Port 51 Lending | New York, NY | 3 | $798,000 | 10.0% |
| 16 | Associated Bank | New York, NY | 3 | $798,000 | 10.0% |
| 17 | Lendistry SBLC | Los Angeles, CA | 3 | $186,000 | 12.1% |
| 18 | b1Bank | Baton Rouge, LA | 2 | $1,756,500 | 10.0% |
| 19 | Celtic Bank | Salt Lake City, UT | 2 | $1,136,700 | 9.9% |
| 20 | Renasant Bank | Tupelo, MS | 2 | $1,100,000 | 10.1% |
Top Industries for SBA Loans in New Orleans
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 20 | Administrative Management and General Management Consulting Services | 8 | $230,000 | 10.1% |
| 6 | Apparel Accessories and Other Apparel Manufacturing | 4 | $250,000 | 10.8% |
| 3 | Building Inspection Services | 4 | $75,000 | 11.5% |
| 12 | Caterers | 4 | $200,000 | 11.5% |
| 13 | Commercial and Institutional Building Construction | 2 | $225,950 | 10.5% |
| 4 | Commercial Photography | 2 | $73,500 | 12.5% |
| 14 | Cosmetics, Beauty Supplies, and Perfume Retailers | 4 | $150,000 | 10.5% |
| 16 | Custom Computer Programming Services | 2 | $250,000 | 10.0% |
| 2 | Financial Transactions Processing, Reserve, and Clearinghouse Activities | 4 | $100,000 | 9.8% |
| 14 | Interior Design Services | 5 | $230,000 | 10.1% |
| 7 | Jewelry Retailers | 4 | $50,000 | 14.5% |
| 19 | Marketing Consulting Services | 2 | $331,500 | 12.1% |
| 5 | Motor Vehicle Supplies and New Parts Merchant Wholesalers | 4 | $79,000 | 10.5% |
| 2 | Office Supplies and Stationery Retailers | 2 | $225,000 | 11.8% |
| 20 | Offices of All Other Miscellaneous Health Practitioners | 5 | $312,020 | 9.7% |
| 1 | Other Airport Operations | 9 | $798,000 | 10.0% |
| 19 | Painting and Wall Covering Contractors | 2 | $150,000 | 11.3% |
| 4 | Public Relations Agencies | 2 | $1,100,000 | 9.5% |
| 2 | Recreational Goods Rental | 4 | $200,000 | 9.8% |
| 14 | Sports and Recreation Instruction | 2 | $120,000 | 10.3% |
| 2 | Teleproduction and Other Postproduction Services | 4 | $200,000 | 9.8% |
| 6 | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | 4 | $140,000 | 13.5% |
Many entrepreneurs search SbaLenders.com for “business loans near me” or “SBA lenders near me,” but the reality is often times the best banks for New Orleans SBA loans are not local but national SBA preferred lenders. Connect with us and we can connect you today with local or national SBA banks that are small business loan experts.