Lenders › Colony Bank
7(a) lenderFitzgerald, GeorgiaFDIC-insured bank37th of 2,184 by approvals
Colony 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.
Colony Bank, based in Fitzgerald, Georgia, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 1,055 of its 7(a) loans worth $552M in FY2021 to FY2025, which places it 37th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 243 approvals totalling $98.9M, down 49% on FY2024 (477). FY2026 to 30 Jun 2026 adds 115 more.
The median approval was $150K, against $190K for the 7(a) program as a whole; 66.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 47 states and territories and 413 counties, led by Florida (12.6%), California (12.0%) and Texas (11.4%). The largest industry group was retail trade at 17.5% of approvals, and 7.0% of approvals were to franchise businesses.
Of 186 disbursed loans approved in FY2010 to FY2021, SBA records 13 as charged off (7.0%), 122 as paid in full and 51 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* | 115 | $53.2M | $150K | $462K | 1,110 |
| FY2025 | 243 | $98.9M | $150K | $407K | 2,452 |
| FY2024 | 477 | $129M | $150K | $270K | 4,690 |
| FY2023 | 175 | $103M | $100K | $586K | 1,719 |
| FY2022 | 53 | $61.6M | $945K | $1.2M | 1,267 |
| FY2021 | 107 | $161M | $1.0M | $1.5M | 1,666 |
| FY2020 | 15 | $19.1M | $1.1M | $1.3M | 264 |
| FY2019 | 7 | $3.0M | $175K | $434K | 73 |
| FY2018 | 10 | $4.3M | $320K | $428K | 81 |
| FY2017 | 8 | $5.0M | $607K | $622K | 75 |
| FY2016 | 11 | $6.8M | $454K | $615K | 96 |
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 51 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 | 235 | 31,863 | 639,905 |
| Cancelled or never disbursed | 49 | 3,596 | 79,313 |
| Disbursed loans | 186 | 28,267 | 560,592 |
| Paid in full | 122 | 20,064 | 435,813 |
| Charged off | 13 | 2,783 | 36,891 |
| Still outstanding (status exempt from disclosure) | 51 | 5,420 | 87,888 |
| Charged off, share of disbursed loans | 7.0% | 9.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 4.5% | 3.1% | 2.5% |
| Dollars charged off | $8.7M | $442M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 73 | 36 | 4 | 5.5% | 2.8% |
| FY2020 | 14 | 8 | 0 | — | 4.0% |
| FY2019 | 5 | 3 | 0 | — | 6.7% |
| FY2018 | 10 | 9 | 0 | — | 7.9% |
| FY2017 | 8 | 6 | 0 | — | 7.7% |
| FY2016 | 11 | 6 | 1 | — | 7.2% |
| FY2015 | 11 | 11 | 0 | — | 6.9% |
| FY2014 | 1 | 0 | 1 | — | 6.4% |
| FY2013 | 4 | 4 | 0 | — | 6.0% |
| FY2012 | 12 | 11 | 0 | — | 6.3% |
| FY2011 | 14 | 14 | 0 | — | 6.9% |
| FY2010 | 23 | 14 | 7 | — | 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 | $150K | $190K |
| Average approval | $523K | $518K |
| Approvals of $150,000 or less | 66.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 21.0% | 34.3% |
| Approvals to franchise businesses | 7.0% | 11.5% |
| Jobs supported per approval, as reported | 11.2 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 7.0% | 6.6% |
States served
| # | State of the business (47 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 133 | $69.0M | 12.6% | |
| 2 | California | 127 | $59.4M | 12.0% | |
| 3 | Texas | 120 | $83.1M | 11.4% | |
| 4 | Georgia | 104 | $112M | 9.9% | |
| 5 | New York | 89 | $14.4M | 8.4% | |
| 6 | Illinois | 38 | $14.1M | 3.6% | |
| 7 | New Jersey | 37 | $5.8M | 3.5% | |
| 8 | Michigan | 32 | $19.4M | 3.0% | |
| 9 | Ohio | 28 | $16.8M | 2.7% | |
| 10 | North Carolina | 27 | $7.2M | 2.6% | |
| 11 | Pennsylvania | 22 | $8.6M | 2.1% | |
| 12 | Arizona | 22 | $8.2M | 2.1% |
In Florida the lender accounts for 0.6% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (413 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 45 | $19.0M | 4.3% | |
| 2 | Orange County, CA | 20 | $4.5M | 1.9% | |
| 3 | Harris County, TX | 19 | $27.5M | 1.8% | |
| 4 | Maricopa County, AZ | 19 | $6.9M | 1.8% | |
| 5 | Miami-Dade County, FL | 18 | $4.3M | 1.7% | |
| 6 | Cook County, IL | 16 | $10.4M | 1.5% | |
| 7 | San Diego County, CA | 16 | $6.0M | 1.5% | |
| 8 | Kings County, NY | 16 | $3.4M | 1.5% | |
| 9 | Travis County, TX | 15 | $9.5M | 1.4% | |
| 10 | Orange County, NY | 15 | $2.4M | 1.4% | |
| 11 | Pinellas County, FL | 14 | $11.0M | 1.3% | |
| 12 | Dallas County, TX | 14 | $9.0M | 1.3% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 185 | 17.5% | |
| 2 | Professional, Scientific, and Technical Services | 147 | 13.9% | |
| 3 | Accommodation and Food Services | 121 | 11.5% | |
| 4 | Other Services (except Public Administration) | 103 | 9.8% | |
| 5 | Health Care and Social Assistance | 100 | 9.5% | |
| 6 | Wholesale Trade | 69 | 6.5% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 62 | 5.9% | |
| 8 | Construction | 60 | 5.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 98 | 9.3% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 40 | 3.8% | |
| 3 | Personal Care ServicesNAICS 8121 | 36 | 3.4% | |
| 4 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 35 | 3.3% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 33 | 3.1% | |
| 6 | General Freight TruckingNAICS 4841 | 32 | 3.0% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 29 | 2.7% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 28 | 2.7% | |
| 9 | Offices of DentistsNAICS 6212 | 26 | 2.5% | |
| 10 | Other Personal ServicesNAICS 8129 | 24 | 2.3% |
Approval sizes
- $50,000 or less2.5%26
- $50,001 to $150,00063.7%672
- $150,001 to $350,0005.8%61
- $350,001 to $1 million13.6%143
- $1 million to $2 million7.9%83
- Over $2 million6.6%70
Loan terms
- 5 years or less0.1%1
- Over 5 to 10 years86.1%908
- Over 10 to 20 years4.1%43
- Over 20 years9.8%103
Age of the businesses
- Existing, more than 2 years old74.0%781
- New business, 2 years or less15.7%166
- Startup, loan funds will open the business5.3%56
- Change of ownership4.9%52
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 871 | 82.6% | |
| 2 | SBA Express Program | 130 | 12.3% | |
| 3 | 7a General | 28 | 2.7% | |
| 4 | International Trade Loans | 26 | 2.5% |
Franchise share
74 of 1,055 approvals in FY2021–FY2025 (7.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Jeremiah's Italian Ice | 4 | 0.4% | |
| 2 | The UPS Store | 3 | 0.3% | |
| 3 | Comfort Inn | 2 | 0.2% | |
| 4 | Wing Snob | 2 | 0.2% | |
| 5 | Pearle Vision | 2 | 0.2% | |
| 6 | Matco Tools | 2 | 0.2% | |
| 7 | Domino's Pizza | 2 | 0.2% | |
| 8 | Microtel Inn & Suites by Wyndham | 1 | 0.1% |
Questions and answers
How many SBA loans does Colony Bank make?
SBA approved 243 7(a) loans through Colony Bank in FY2025, worth $98.9M, and 1,055 over FY2021 to FY2025. That ranks 37th of 2,184 active 7(a) lenders by number of approvals.
How large are Colony Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $150K and the average $523K. The program-wide median was $190K.
What is Colony Bank's charge-off rate?
Of 186 disbursed loans approved in FY2010 to FY2021, SBA records 13 as charged off (7.0%), 122 as paid in full and 51 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 Colony Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (98); offices of other health practitioners (40); personal care services (36); other professional, scientific, and technical services (35).
Where does Colony Bank make SBA loans?
In 47 states and territories. Florida 133, California 127, Texas 120, Georgia 104, New York 89. In Florida it accounts for 0.6% of all 7(a) approvals.
Is Colony Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 895, against 175 in the three before: rising (+411%).
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