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County41st of 149 in Georgia by approvalsFIPS 13115
SBA loans in Floyd 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.
Businesses in Floyd County, Georgia, received 36 SBA loan approvals worth $25.1M in FY2021 to FY2025 (33 7(a), 3 504).
That is 16.9 approvals per 1,000 business establishments (2,128 establishments in 2023), below the Georgia figure of 39.2 and below the national 41.0.
It ranks 41st of 149 Georgia counties with approvals. In FY2025 there were 11.
25 lenders had approvals here; the most active were LGE Community CU (5), Byline Bank (2) and Live Oak Banking Company (2). 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 Floyd County
By number of approvals to businesses in the county, FY2021–FY2025; 25 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | LGE Community CUAtlanta, GA | 5 | $6.0M | 13.9% | |
| 2 | Byline BankChicago, IL | 2 | — | 5.6% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 2 | — | 5.6% | |
| 4 | United Community BankGreenville, SC | 2 | — | 5.6% | |
| 5 | Capital Partners Certified Development CompanyAtlanta, GA · CDC | 2 | — | 5.6% | |
| 6 | Merchants & Marine BankPascagoula, MS | 2 | — | 5.6% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 2 | — | 5.6% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 5.6% | |
| 9 | GBankLas Vegas, NV | 1 | — | 2.8% | |
| 10 | The Huntington National BankColumbus, OH | 1 | — | 2.8% | |
| 11 | First National Bank of PennsylvaniaGreenville, PA | 1 | — | 2.8% | |
| 12 | Truist BankCharlotte, NC | 1 | — | 2.8% | |
| 13 | Pinnacle BankNashville, TN | 1 | — | 2.8% | |
| 14 | Builtwell BankChattanooga, TN | 1 | — | 2.8% | |
| 15 | FirstBankNashville, TN | 1 | — | 2.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 16.7% | |
| 2 | Traveler AccommodationNAICS 7211 | 4 | 11.1% | |
| 3 | Beer, Wine, and Liquor StoresNAICS 4453 | 2 | 5.6% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 2 | 5.6% | |
| 5 | Gasoline StationsNAICS 4571 | 2 | 5.6% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 5.6% | |
| 7 | Residential Building ConstructionNAICS 2361 | 2 | 5.6% | |
| 8 | Health and Personal Care RetailersNAICS 4561 | 1 | 2.8% | |
| 9 | Miscellaneous Nondurable Goods Merchant WholesalersNAICS 4249 | 1 | 2.8% | |
| 10 | Gasoline StationsNAICS 4471 | 1 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 12 | 33.3% | |
| 2 | Retail Trade | 7 | 19.4% | |
| 3 | Construction | 6 | 16.7% | |
| 4 | Other Services (except Public Administration) | 3 | 8.3% | |
| 5 | Manufacturing | 2 | 5.6% | |
| 6 | Health Care and Social Assistance | 2 | 5.6% | |
| 7 | Wholesale Trade | 1 | 2.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 1 | 2.8% |
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* | 6 | $6.6M | $793K | 2 | — | 8 | 79 |
| FY2025 | 11 | $5.2M | $321K | 0 | — | 11 | 135 |
| FY2024 | 7 | $7.1M | $150K | 1 | — | 8 | 44 |
| FY2023 | 4 | $2.1M | $610K | 0 | — | 4 | 92 |
| FY2022 | 4 | $1.4M | $330K | 1 | — | 5 | 32 |
| FY2021 | 7 | $7.9M | $822K | 1 | — | 8 | 124 |
| FY2020 | 9 | $9.0M | $638K | 3 | $2.9M | 12 | 218 |
| FY2019 | 8 | $4.0M | $173K | 1 | — | 9 | 54 |
| FY2018 | 11 | $10.2M | $429K | 0 | — | 11 | 81 |
| FY2017 | 10 | $8.7M | $555K | 0 | — | 10 | 129 |
| FY2016 | 11 | $8.5M | $750K | 0 | — | 11 | 108 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 53 approvals.
Against Georgia and the country
| FY2021–FY2025 | Floyd County | Georgia | United States |
|---|---|---|---|
| Approvals | 36 | 10,246 | 342,825 |
| Approvals per 1,000 establishments | 16.9 | 39.2 | 41.0 |
| Median 7(a) approval | $510K | $350K | $190K |
| Median 504 approval | $367K | $820K | $657K |
| Average approval | $697K | $803K | $573K |
| 504 share of approvals | 8.3% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 11.9 | 11.4 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less13.9%5
- $50,001 to $150,00013.9%5
- $150,001 to $350,00011.1%4
- $350,001 to $1 million38.9%14
- $1 million to $2 million16.7%6
- Over $2 million5.6%2
Age of the businesses
- Existing, more than 2 years old36.1%13
- New business, 2 years or less16.7%6
- Startup, loan funds will open the business27.8%10
- Change of ownership19.4%7
Questions and answers
Which lenders make the most SBA loans in Floyd County?
By approvals in FY2021 to FY2025: LGE Community CU (5), Byline Bank (2), Live Oak Banking Company (2), United Community Bank (2), Capital Partners Certified Development Company (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Floyd County?
The median 7(a) approval was $510K and the median 504 approval $367K; the Georgia 7(a) median was $350K.
Which industries get the most SBA loans in Floyd County?
Restaurants and Other Eating Places (6); Traveler Accommodation (4); Beer, Wine, and Liquor Stores (2); Building Equipment Contractors (2); Gasoline Stations (2).
Is SBA lending in Floyd County rising?
Approvals in the three latest complete fiscal years total 23, against 25 in the three before: broadly level (-8%).
How does Floyd County compare with the rest of Georgia?
16.9 approvals per 1,000 establishments against 39.2 statewide, and 36 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