Lenders › American Bank
7(a) lenderCovington, LouisianaFDIC-insured bank189th of 2,184 by approvals
American Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
In FY2021 to FY2025 SBA approved 205 7(a) loans, worth $151M, through American Bank of Covington, Louisiana, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 189th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 28 approvals totalling $36.9M, down 56% on FY2024 (64). FY2026 to 30 Jun 2026 adds 30 more.
The median approval was $327K, against $190K for the 7(a) program as a whole; 34.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 6 states and territories and 33 counties, led by Louisiana (93.2%), Mississippi (2.9%) and Alabama (1.5%). The largest industry group was accommodation and food services at 23.9% of approvals, and 8.3% of approvals were to franchise businesses.
American Bank has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 30 | $47.0M | $735K | $1.6M | 460 |
| FY2025 | 28 | $36.9M | $500K | $1.3M | 494 |
| FY2024 | 64 | $58.2M | $351K | $909K | 749 |
| FY2023 | 56 | $23.0M | $197K | $410K | 993 |
| FY2022 | 45 | $28.0M | $340K | $622K | 650 |
| FY2021 | 12 | $4.6M | $173K | $384K | 130 |
| FY2020 | 0 | — | — | — | 0 |
| FY2019 | 0 | — | — | — | 0 |
| FY2018 | 0 | — | — | — | 0 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 0 | — | — | — | 0 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 0 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Louisiana | 7(a) program |
|---|---|---|---|
| Approvals in these years | 14 | 4,971 | 639,905 |
| Cancelled or never disbursed | 2 | 604 | 79,313 |
| Disbursed loans | 12 | 4,367 | 560,592 |
| Paid in full | 0 | 3,182 | 435,813 |
| Charged off | 3 | 357 | 36,891 |
| Still outstanding (status exempt from disclosure) | 9 | 828 | 87,888 |
| Charged off, share of disbursed loans | too few loans | 8.2% | 6.6% |
| Dollars charged off, share of disbursed dollars | too few loans | 3.5% | 2.5% |
| Dollars charged off | — | $67.7M | $5.70bn |
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $327K | $190K |
| Average approval | $735K | $518K |
| Approvals of $150,000 or less | 34.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 54.1% | 34.3% |
| Approvals to franchise businesses | 8.3% | 11.5% |
| Jobs supported per approval, as reported | 14.7 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (6 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Louisiana | 191 | $122M | 93.2% | |
| 2 | Mississippi | 6 | $9.4M | 2.9% | |
| 3 | Alabama | 3 | $9.4M | 1.5% | |
| 4 | Texas | 2 | — | 1.0% | |
| 5 | Florida | 2 | — | 1.0% | |
| 6 | Ohio | 1 | — | 0.5% |
In Louisiana the lender accounts for 8.2% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (33 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | St. Tammany Parish, LA | 58 | $31.6M | 28.3% | |
| 2 | Orleans Parish, LA | 32 | $22.8M | 15.6% | |
| 3 | Jefferson Parish, LA | 16 | $18.9M | 7.8% | |
| 4 | Tangipahoa Parish, LA | 16 | $6.2M | 7.8% | |
| 5 | East Baton Rouge Parish, LA | 13 | $12.8M | 6.3% | |
| 6 | Ascension Parish, LA | 12 | $9.1M | 5.9% | |
| 7 | St. Landry Parish, LA | 6 | $3.3M | 2.9% | |
| 8 | Livingston Parish, LA | 6 | $1.9M | 2.9% | |
| 9 | Calcasieu Parish, LA | 4 | $3.6M | 2.0% | |
| 10 | Natchitoches Parish, LA | 4 | $1.5M | 2.0% | |
| 11 | Rapides Parish, LA | 4 | $1.1M | 2.0% | |
| 12 | Lafayette Parish, LA | 3 | $2.8M | 1.5% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 49 | 23.9% | |
| 2 | Construction | 33 | 16.1% | |
| 3 | Retail Trade | 22 | 10.7% | |
| 4 | Health Care and Social Assistance | 17 | 8.3% | |
| 5 | Other Services (except Public Administration) | 15 | 7.3% | |
| 6 | Wholesale Trade | 14 | 6.8% | |
| 7 | Arts, Entertainment, and Recreation | 13 | 6.3% | |
| 8 | Manufacturing | 13 | 6.3% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 37 | 18.0% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 13 | 6.3% | |
| 3 | Traveler AccommodationNAICS 7211 | 8 | 3.9% | |
| 4 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 8 | 3.9% | |
| 5 | Gasoline StationsNAICS 4571 | 7 | 3.4% | |
| 6 | Building Finishing ContractorsNAICS 2383 | 7 | 3.4% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 2.9% | |
| 8 | Personal Care ServicesNAICS 8121 | 6 | 2.9% | |
| 9 | Grocery StoresNAICS 4451 | 5 | 2.4% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 5 | 2.4% |
Approval sizes
- $50,000 or less7.3%15
- $50,001 to $150,00027.3%56
- $150,001 to $350,00020.0%41
- $350,001 to $1 million26.8%55
- $1 million to $2 million8.8%18
- Over $2 million9.8%20
Loan terms
- 5 years or less0.5%1
- Over 5 to 10 years56.6%116
- Over 10 to 20 years18.0%37
- Over 20 years24.9%51
Age of the businesses
- Existing, more than 2 years old33.2%68
- New business, 2 years or less23.4%48
- Startup, loan funds will open the business30.7%63
- Change of ownership12.7%26
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 7a General | 126 | 61.5% | |
| 2 | SBA Express Program | 72 | 35.1% | |
| 3 | Preferred Lenders Program | 5 | 2.4% | |
| 4 | International Trade Loans | 1 | 0.5% | |
| 5 | Export Express | 1 | 0.5% |
Franchise share
17 of 205 approvals in FY2021–FY2025 (8.3%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Sonesta ES Suites | 2 | 1.0% | |
| 2 | Extended Stay America Suites | 2 | 1.0% | |
| 3 | T-Swirl Crepe | 2 | 1.0% | |
| 4 | PJ's Coffee of New Orleans | 2 | 1.0% | |
| 5 | Best Choice Roofing | 2 | 1.0% | |
| 6 | Planet Beach | 2 | 1.0% | |
| 7 | Luv 2 Play | 1 | 0.5% | |
| 8 | Dickey's Barbecue Pit | 1 | 0.5% |
Questions and answers
How many SBA loans does American Bank make?
SBA approved 28 7(a) loans through American Bank in FY2025, worth $36.9M, and 205 over FY2021 to FY2025. That ranks 189th of 2,184 active 7(a) lenders by number of approvals.
How large are American Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $327K and the average $735K. The program-wide median was $190K.
What is American Bank's charge-off rate?
American Bank has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does American Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (37); other amusement and recreation industries (13); traveler accommodation (8); foundation, structure, and building exterior contractors (8).
Where does American Bank make SBA loans?
In 6 states and territories. Louisiana 191, Mississippi 6, Alabama 3, Texas 2, Florida 2. In Louisiana it accounts for 8.2% of all 7(a) approvals.
Is American Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 148, against 57 in the three before: rising (+160%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error