Lenders › Cogent Bank
7(a) lenderOrlando, FloridaFDIC-insured bank233rd of 2,184 by approvals
Cogent 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 159 7(a) loans, worth $195M, through Cogent Bank of Orlando, Florida, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 233rd among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 29 approvals totalling $39.1M, down 28% on FY2024 (40). FY2026 to 30 Jun 2026 adds 21 more.
The median approval was $828K, against $190K for the 7(a) program as a whole; 0.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 14 states and territories and 61 counties, led by Florida (61.0%), Georgia (24.5%) and North Carolina (3.8%). The largest industry group was retail trade at 20.8% of approvals, and 20.1% of approvals were to franchise businesses.
Of 77 disbursed loans approved in FY2010 to FY2021, SBA records 5 as charged off (6.5%), 58 as paid in full and 14 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it.
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* | 21 | $17.9M | $750K | $853K | 414 |
| FY2025 | 29 | $39.1M | $799K | $1.3M | 350 |
| FY2024 | 40 | $31.5M | $605K | $788K | 1,145 |
| FY2023 | 30 | $49.5M | $1.3M | $1.6M | 768 |
| FY2022 | 36 | $45.2M | $947K | $1.3M | 591 |
| FY2021 | 24 | $29.6M | $711K | $1.2M | 447 |
| FY2020 | 5 | $3.6M | $913K | $728K | 34 |
| 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 5 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 | Florida | 7(a) program |
|---|---|---|---|
| Approvals in these years | 81 | 31,863 | 639,905 |
| Cancelled or never disbursed | 4 | 3,596 | 79,313 |
| Disbursed loans | 77 | 28,267 | 560,592 |
| Paid in full | 58 | 20,064 | 435,813 |
| Charged off | 5 | 2,783 | 36,891 |
| Still outstanding (status exempt from disclosure) | 14 | 5,420 | 87,888 |
| Charged off, share of disbursed loans | 6.5% | 9.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.0% | 3.1% | 2.5% |
| Dollars charged off | $1.1M | $442M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 24 | 12 | 0 | — | 2.8% |
| FY2020 | 5 | 3 | 0 | — | 4.0% |
| FY2019 | 0 | 0 | 0 | — | 6.7% |
| FY2018 | 0 | 0 | 0 | — | 7.9% |
| FY2017 | 0 | 0 | 0 | — | 7.7% |
| FY2016 | 0 | 0 | 0 | — | 7.2% |
| FY2015 | 1 | 1 | 0 | — | 6.9% |
| FY2014 | 3 | 3 | 0 | — | 6.4% |
| FY2013 | 4 | 4 | 0 | — | 6.0% |
| FY2012 | 13 | 13 | 0 | — | 6.3% |
| FY2011 | 15 | 10 | 5 | — | 6.9% |
| FY2010 | 12 | 12 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $828K | $190K |
| Average approval | $1.2M | $518K |
| Approvals of $150,000 or less | 0.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 41.5% | 34.3% |
| Approvals to franchise businesses | 20.1% | 11.5% |
| Jobs supported per approval, as reported | 20.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 6.5% | 6.6% |
States served
| # | State of the business (14 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 97 | $103M | 61.0% | |
| 2 | Georgia | 39 | $54.2M | 24.5% | |
| 3 | North Carolina | 6 | $9.7M | 3.8% | |
| 4 | South Carolina | 4 | $3.0M | 2.5% | |
| 5 | Texas | 2 | — | 1.3% | |
| 6 | Tennessee | 2 | — | 1.3% | |
| 7 | Colorado | 2 | — | 1.3% | |
| 8 | Oklahoma | 1 | — | 0.6% | |
| 9 | New York | 1 | — | 0.6% | |
| 10 | New Jersey | 1 | — | 0.6% | |
| 11 | Missouri | 1 | — | 0.6% | |
| 12 | U.S. Virgin Islands | 1 | — | 0.6% |
In Florida the lender accounts for 0.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (61 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Orange County, FL | 18 | $25.9M | 11.3% | |
| 2 | Pinellas County, FL | 12 | $12.3M | 7.5% | |
| 3 | Fulton County, GA | 10 | $10.5M | 6.3% | |
| 4 | Collier County, FL | 7 | $7.6M | 4.4% | |
| 5 | Seminole County, FL | 7 | $7.4M | 4.4% | |
| 6 | Duval County, FL | 7 | $6.1M | 4.4% | |
| 7 | Lee County, FL | 7 | $4.9M | 4.4% | |
| 8 | St. Johns County, FL | 5 | $3.7M | 3.1% | |
| 9 | Volusia County, FL | 5 | $3.3M | 3.1% | |
| 10 | Hillsborough County, FL | 5 | $2.9M | 3.1% | |
| 11 | DeKalb County, GA | 4 | $9.9M | 2.5% | |
| 12 | Clay County, FL | 4 | $6.1M | 2.5% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 33 | 20.8% | |
| 2 | Accommodation and Food Services | 32 | 20.1% | |
| 3 | Manufacturing | 17 | 10.7% | |
| 4 | Construction | 16 | 10.1% | |
| 5 | Health Care and Social Assistance | 15 | 9.4% | |
| 6 | Other Services (except Public Administration) | 14 | 8.8% | |
| 7 | Professional, Scientific, and Technical Services | 11 | 6.9% | |
| 8 | Wholesale Trade | 5 | 3.1% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 26 | 16.4% | |
| 2 | Gasoline StationsNAICS 4571 | 9 | 5.7% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 8 | 5.0% | |
| 4 | Specialty Food StoresNAICS 4452 | 8 | 5.0% | |
| 5 | Gasoline StationsNAICS 4471 | 6 | 3.8% | |
| 6 | Traveler AccommodationNAICS 7211 | 5 | 3.1% | |
| 7 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 5 | 3.1% | |
| 8 | Child Day Care ServicesNAICS 6244 | 5 | 3.1% | |
| 9 | Architectural and Structural Metals ManufacturingNAICS 3323 | 4 | 2.5% | |
| 10 | Beer, Wine, and Liquor StoresNAICS 4453 | 4 | 2.5% |
Approval sizes
- $50,001 to $150,0000.6%1
- $150,001 to $350,00011.3%18
- $350,001 to $1 million48.4%77
- $1 million to $2 million21.4%34
- Over $2 million18.2%29
Loan terms
- Over 5 to 10 years32.7%52
- Over 10 to 20 years22.6%36
- Over 20 years44.7%71
Age of the businesses
- Existing, more than 2 years old37.1%59
- New business, 2 years or less10.1%16
- Startup, loan funds will open the business31.4%50
- Change of ownership21.4%34
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 117 | 73.6% | |
| 2 | 7a General | 39 | 24.5% | |
| 3 | International Trade Loans | 3 | 1.9% |
Franchise share
32 of 159 approvals in FY2021–FY2025 (20.1%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Foxtail Coffee Co | 6 | 3.8% | |
| 2 | Cary Oil Company Inc | 2 | 1.3% | |
| 3 | Premier Petroleum, Inc | 2 | 1.3% | |
| 4 | Ivy Kids Early Learning Center | 2 | 1.3% | |
| 5 | Smoothie King | 2 | 1.3% | |
| 6 | Comfort Inn | 1 | 0.6% | |
| 7 | Holiday Inn Express | 1 | 0.6% | |
| 8 | Holiday Inn | 1 | 0.6% |
Questions and answers
How many SBA loans does Cogent Bank make?
SBA approved 29 7(a) loans through Cogent Bank in FY2025, worth $39.1M, and 159 over FY2021 to FY2025. That ranks 233rd of 2,184 active 7(a) lenders by number of approvals.
How large are Cogent Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $828K and the average $1.2M. The program-wide median was $190K.
What is Cogent Bank's charge-off rate?
Of 77 disbursed loans approved in FY2010 to FY2021, SBA records 5 as charged off (6.5%), 58 as paid in full and 14 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it. 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 Cogent Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (26); gasoline stations (9); other specialty trade contractors (8); specialty food stores (8).
Where does Cogent Bank make SBA loans?
In 14 states and territories. Florida 97, Georgia 39, North Carolina 6, South Carolina 4, Texas 2. In Florida it accounts for 0.4% of all 7(a) approvals.
Is Cogent Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 99, against 65 in the three before: rising (+52%).
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