Last annual update:
Note: On March 31 the Treasury and SBA released important information regarding CARES Act SBA 7(a) loans. We encourage you to read our blog post and act quickly.
A bunch of Georgia-based banks were among the largest lenders to “The Peach State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Georgia:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | Wells Fargo | Sioux Falls, SD | 163 | $130,710 | 10.3% |
| 2 | United Midwest Savings Bank | De Graff, OH | 86 | $129,326 | 7.9% |
| 3 | BB&T | Winston Salem, NC | 74 | $466,047 | 7.1% |
| 4 | First Home Bank | Saint Petersburg, FL | 64 | $229,944 | 8.1% |
| 5 | Cadence Bank | Atlanta, GA | 56 | $585,634 | 7.7% |
| 6 | Stearns Bank | Saint Cloud, MN | 56 | $202,179 | 8.1% |
| 7 | Metro City Bank | Doraville, GA | 51 | $1,410,233 | 6.5% |
| 8 | JPMorgan Chase Bank | Columbus, OH | 34 | $113,668 | 8.8% |
| 9 | Celtic Bank | Salt Lake City, UT | 30 | $901,030 | 8.1% |
| 10 | United Community Bank | Blairsville, GA | 30 | $711,933 | 7.1% |
| 11 | Atlantic Capital Bank | Atlanta, GA | 29 | $928,007 | 7.6% |
| 12 | Synovus Bank | Columbus, GA | 27 | $1,665,878 | 6.6% |
| 13 | Live Oak | Wilmington, NC | 26 | $1,406,115 | 6.9% |
| 14 | Newtek Small Business Finance | Lake Success, NY | 26 | $1,088,219 | 8.3% |
| 15 | Citizens Bank | Elizabethton, TN | 25 | $941,740 | 7.7% |
| 16 | Quantum National Bank | Suwanee, GA | 24 | $1,125,063 | 7.1% |
| 17 | Independence Bank | East Greenwich, RI | 23 | $140,435 | 5.8% |
| 18 | Embassy National Bank | Lawrenceville, GA | 22 | $1,270,132 | 6.7% |
| 19 | First IC Bank | Doraville, GA | 21 | $1,641,619 | 6.5% |
| 20 | Ameris Bank | Moultrie, GA | 21 | $1,310,500 | 7.4% |