Top Georgia SBA Lenders | SBA Loans in GA

Last annual update: Mar 2, 2024

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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:

Top SBA lenders in Georgia

State RankBankBank HQs # of LoansAvg Interest Avg Loan
1BayFirst National BankSaint Petersburg, FL 10212.2% $181,640
2Wells FargoSioux Falls, SD 7812.7% $76,245
3United Midwest Savings BankDe Graff, OH 6610.8% $266,939
4Huntington BankColumbus, OH 5410.7% $327,509
5SouthState BankWinter Haven, FL 5310.9% $385,915
6Newtek BankMiami, FL 3912.1% $388,667
7Noah BankMiami, FL 3912.1% $388,667
8JPMorgan Chase BankColumbus, OH 3712.7% $124,038
9BancorpSouth BankTupelo, MS 3510.6% $486,606
10Celtic BankSalt Lake City, UT 3210.8% $271,184
11Readycap Lending, LLCBerkeley Heights, NJ 3211.4% $378,019
12Bank of AmericaCharlotte, NC 297.9% $432,583
13Live OakWilmington, NC 249.4% $1,403,542
14Georgia’s Own CUAtlanta, GA 239.5% $686,048
15United Community BankBlairsville, GA 239.8% $804,478
16Colony BankFitzgerald, GA 2012.5% $727,805
17Metro City BankDoraville, GA 189.3% $1,957,889
18Commonwealth Business BankLos Angeles, CA 1510.0% $1,044,200
19Signature Bank of GeorgiaSandy Springs, GA 159.7% $1,134,300
20Synovus BankColumbus, GA 1510.0% $1,298,447

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RankIndustry (NAICS Description)# of LoansAvg Interest Avg Loan
1Full-Service Restaurants9110.3% $689,114
2Limited-Service Restaurants6210.3% $654,863
3Residential Remodelers2812.0% $345,521
4Hotels (except Casino Hotels) and Motels269.6% $3,019,492
5Fitness and Recreational Sports Centers2510.7% $342,516
6General Freight Trucking, Local2412.2% $304,083
7Insurance Agencies and Brokerages2110.3% $363,981
8Child Day Care Services209.6% $1,492,015
9All Other Specialty Trade Contractors1810.6% $563,000
10Landscaping Services1710.6% $403,100
11Offices of Chiropractors1611.2% $238,225
12Pet Care (except Veterinary) Services1610.5% $405,688
13Offices of Physicians (except Mental Health Specialists)169.2% $707,344
14Offices of Dentists159.2% $1,335,720
15General Freight Trucking, Long Distance, Truckload1511.7% $165,480
16Plumbing, Heating, and Air-Conditioning Contractors1511.3% $494,967
17Home Health Care Services1512.0% $331,713
18General Automotive Repair1410.5% $641,579
19Snack and Nonalcoholic Beverage Bars129.5% $490,933
20Electrical Contractors1110.9% $560,364

A note about these Georgia SBA lenders – People frequently ask us if one of the banks above is 1) on the Georgia preferred SBA lender list 2) an approved lender in Georgia, or 3) participating in the Georgia SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Georgia and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Georgia and in Atlanta. We analyze thousands of SBA loans each year and rank lenders based on recent activity.

We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can connect you to top SBA lenders based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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