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County21st of 149 in Georgia by approvalsFIPS 13045
SBA loans in Carroll County, Georgia
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 98 loans to businesses in Carroll County, Georgia, in FY2021 to FY2025, worth $82.9M: 88 under 7(a) and 10 under 504.
That is 41.6 approvals per 1,000 business establishments (2,358 establishments in 2023), close to the Georgia figure of 39.2 and close to the national 41.0.
It ranks 21st of 149 Georgia counties with approvals. In FY2025 there were 31, up 24% on FY2024.
47 lenders had approvals here; the most active were Newtek Bank, National Association (8), Northeast Bank (7) and Metro City Bank (4). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Carroll County
By number of approvals to businesses in the county, FY2021–FY2025; 47 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Newtek Bank, National AssociationMiami, FL | 8 | $1.9M | 8.2% | |
| 2 | Northeast BankLewiston, ME | 7 | $860K | 7.1% | |
| 3 | Metro City BankDoraville, GA | 4 | $8.5M | 4.1% | |
| 4 | Georgia's Own Credit UnionAtlanta, GA | 4 | $6.3M | 4.1% | |
| 5 | Bank OZKLittle Rock, AR | 4 | $766K | 4.1% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 4 | $615K | 4.1% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 4 | $333K | 4.1% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $50K | 4.1% | |
| 9 | Renasant BankTupelo, MS | 3 | $9.2M | 3.1% | |
| 10 | HomeTrust BankAsheville, NC | 3 | $3.9M | 3.1% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 3 | $3.8M | 3.1% | |
| 12 | Capital Partners Certified Development CompanyAtlanta, GA · CDC | 3 | $2.6M | 3.1% | |
| 13 | The Huntington National BankColumbus, OH | 3 | $1.1M | 3.1% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 3 | $350K | 3.1% | |
| 15 | Bank of HopeLos Angeles, CA | 2 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 9 | 9.2% | |
| 2 | Traveler AccommodationNAICS 7211 | 7 | 7.1% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 6.1% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 6 | 6.1% | |
| 5 | General Freight TruckingNAICS 4841 | 6 | 6.1% | |
| 6 | Personal Care ServicesNAICS 8121 | 5 | 5.1% | |
| 7 | Poultry and Egg ProductionNAICS 1123 | 3 | 3.1% | |
| 8 | Gasoline StationsNAICS 4571 | 3 | 3.1% | |
| 9 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 3 | 3.1% | |
| 10 | Gasoline StationsNAICS 4471 | 3 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 22 | 22.4% | |
| 2 | Accommodation and Food Services | 17 | 17.3% | |
| 3 | Other Services (except Public Administration) | 14 | 14.3% | |
| 4 | Construction | 8 | 8.2% | |
| 5 | Manufacturing | 6 | 6.1% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 6 | 6.1% | |
| 7 | Transportation and Warehousing | 6 | 6.1% | |
| 8 | Arts, Entertainment, and Recreation | 4 | 4.1% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 8 | $2.8M | $209K | 3 | $2.8M | 11 | 85 |
| FY2025 | 28 | $13.7M | $197K | 3 | $3.4M | 31 | 240 |
| FY2024 | 22 | $13.3M | $250K | 3 | $3.1M | 25 | 142 |
| FY2023 | 10 | $11.8M | $339K | 0 | — | 10 | 146 |
| FY2022 | 12 | $10.5M | $348K | 1 | — | 13 | 92 |
| FY2021 | 16 | $24.3M | $757K | 3 | $1.2M | 19 | 532 |
| FY2020 | 13 | $7.7M | $440K | 1 | — | 14 | 139 |
| FY2019 | 15 | $11.4M | $379K | 1 | — | 16 | 113 |
| FY2018 | 15 | $25.9M | $1.2M | 1 | — | 16 | 141 |
| FY2017 | 14 | $18.7M | $703K | 1 | — | 15 | 386 |
| FY2016 | 20 | $12.3M | $350K | 1 | — | 21 | 353 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 82 approvals.
Against Georgia and the country
| FY2021–FY2025 | Carroll County | Georgia | United States |
|---|---|---|---|
| Approvals | 98 | 10,246 | 342,825 |
| Approvals per 1,000 establishments | 41.6 | 39.2 | 41.0 |
| Median 7(a) approval | $343K | $350K | $190K |
| Median 504 approval | $754K | $820K | $657K |
| Average approval | $846K | $803K | $573K |
| 504 share of approvals | 10.2% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 11.8 | 11.4 | 10.5 |
| Share of state approvals | 1.0% | 100.0% | — |
Approval sizes
- $50,000 or less15.3%15
- $50,001 to $150,00017.3%17
- $150,001 to $350,00018.4%18
- $350,001 to $1 million24.5%24
- $1 million to $2 million10.2%10
- Over $2 million14.3%14
Age of the businesses
- Existing, more than 2 years old56.1%55
- New business, 2 years or less20.4%20
- Startup, loan funds will open the business16.3%16
- Change of ownership7.1%7
Questions and answers
Which lenders make the most SBA loans in Carroll County?
By approvals in FY2021 to FY2025: Newtek Bank, National Association (8), Northeast Bank (7), Metro City Bank (4), Georgia's Own Credit Union (4), Bank OZK (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Carroll County?
The median 7(a) approval was $343K and the median 504 approval $754K; the Georgia 7(a) median was $350K.
Which industries get the most SBA loans in Carroll County?
Restaurants and Other Eating Places (9); Traveler Accommodation (7); Automotive Repair and Maintenance (6); Services to Buildings and Dwellings (6); General Freight Trucking (6).
Is SBA lending in Carroll County rising?
Approvals in the three latest complete fiscal years total 66, against 46 in the three before: rising (+43%).
How does Carroll County compare with the rest of Georgia?
41.6 approvals per 1,000 establishments against 39.2 statewide, and 98 of the state's 10,246 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error