Lenders › Craft Bank
7(a) lenderAtlanta, GeorgiaFDIC-insured bank302nd of 2,184 by approvals
Craft 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.
Craft Bank, based in Atlanta, Georgia, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 108 of its 7(a) loans worth $115M in FY2021 to FY2025, which places it 302nd of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 19 approvals totalling $17.6M, up 36% on FY2024 (14). FY2026 to 30 Jun 2026 adds 4 more.
The median approval was $583K, against $190K for the 7(a) program as a whole; 2.8% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 22 states and territories and 57 counties, led by Georgia (57.4%), Florida (5.6%) and Texas (5.6%). The largest industry group was accommodation and food services at 26.9% of approvals, and 22.2% of approvals were to franchise businesses.
Craft 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* | 4 | $4.7M | $1.0M | $1.2M | 57 |
| FY2025 | 19 | $17.6M | $713K | $927K | 730 |
| FY2024 | 14 | $14.0M | $593K | $1.0M | 449 |
| FY2023 | 25 | $29.0M | $547K | $1.2M | 407 |
| FY2022 | 32 | $37.7M | $815K | $1.2M | 437 |
| FY2021 | 18 | $16.9M | $482K | $936K | 237 |
| 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: FY2021.
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 | Georgia | 7(a) program |
|---|---|---|---|
| Approvals in these years | 18 | 17,911 | 639,905 |
| Cancelled or never disbursed | 2 | 2,110 | 79,313 |
| Disbursed loans | 16 | 15,801 | 560,592 |
| Paid in full | 7 | 11,453 | 435,813 |
| Charged off | 0 | 1,077 | 36,891 |
| Still outstanding (status exempt from disclosure) | 9 | 3,271 | 87,888 |
| Charged off, share of disbursed loans | too few loans | 6.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | too few loans | 2.0% | 2.5% |
| Dollars charged off | — | $230M | $5.70bn |
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $583K | $190K |
| Average approval | $1.1M | $518K |
| Approvals of $150,000 or less | 2.8% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 55.6% | 34.3% |
| Approvals to franchise businesses | 22.2% | 11.5% |
| Jobs supported per approval, as reported | 20.9 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (22 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Georgia | 62 | $72.1M | 57.4% | |
| 2 | Florida | 6 | $4.7M | 5.6% | |
| 3 | Texas | 6 | $2.6M | 5.6% | |
| 4 | Washington | 4 | $1.4M | 3.7% | |
| 5 | Missouri | 3 | $10.0M | 2.8% | |
| 6 | Louisiana | 3 | $6.3M | 2.8% | |
| 7 | Ohio | 3 | $1.6M | 2.8% | |
| 8 | Oklahoma | 2 | — | 1.9% | |
| 9 | Kansas | 2 | — | 1.9% | |
| 10 | South Carolina | 2 | — | 1.9% | |
| 11 | Alabama | 2 | — | 1.9% | |
| 12 | Pennsylvania | 2 | — | 1.9% |
In Georgia the lender accounts for 0.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (57 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Fulton County, GA | 17 | $13.1M | 15.7% | |
| 2 | Cobb County, GA | 14 | $17.6M | 13.0% | |
| 3 | DeKalb County, GA | 5 | $9.3M | 4.6% | |
| 4 | Gwinnett County, GA | 5 | $6.3M | 4.6% | |
| 5 | Forsyth County, GA | 4 | $2.5M | 3.7% | |
| 6 | Cherokee County, GA | 3 | $6.5M | 2.8% | |
| 7 | Jackson County, MO | 2 | — | 1.9% | |
| 8 | Henry County, GA | 2 | — | 1.9% | |
| 9 | Sedgwick County, KS | 2 | — | 1.9% | |
| 10 | Caddo Parish, LA | 2 | — | 1.9% | |
| 11 | Ashtabula County, OH | 2 | — | 1.9% | |
| 12 | Collin County, TX | 2 | — | 1.9% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 29 | 26.9% | |
| 2 | Health Care and Social Assistance | 20 | 18.5% | |
| 3 | Retail Trade | 11 | 10.2% | |
| 4 | Arts, Entertainment, and Recreation | 10 | 9.3% | |
| 5 | Other Services (except Public Administration) | 7 | 6.5% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 6 | 5.6% | |
| 7 | Construction | 5 | 4.6% | |
| 8 | Real Estate and Rental and Leasing | 5 | 4.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 17 | 15.7% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 9 | 8.3% | |
| 3 | Traveler AccommodationNAICS 7211 | 8 | 7.4% | |
| 4 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 6 | 5.6% | |
| 5 | Child Day Care ServicesNAICS 6244 | 6 | 5.6% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 5 | 4.6% | |
| 7 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 4 | 3.7% | |
| 8 | Beer, Wine, and Liquor StoresNAICS 4453 | 3 | 2.8% | |
| 9 | Consumer Goods RentalNAICS 5322 | 3 | 2.8% | |
| 10 | Technical and Trade SchoolsNAICS 6115 | 3 | 2.8% |
Approval sizes
- $50,001 to $150,0002.8%3
- $150,001 to $350,00017.6%19
- $350,001 to $1 million44.4%48
- $1 million to $2 million18.5%20
- Over $2 million16.7%18
Loan terms
- Over 5 to 10 years25.9%28
- Over 10 to 20 years29.6%32
- Over 20 years44.4%48
Age of the businesses
- Existing, more than 2 years old38.9%42
- New business, 2 years or less24.1%26
- Startup, loan funds will open the business31.5%34
- Change of ownership5.6%6
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 7a General | 108 | 100.0% |
Franchise share
24 of 108 approvals in FY2021–FY2025 (22.2%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The Now Massage | 3 | 2.8% | |
| 2 | Madabolic | 3 | 2.8% | |
| 3 | Upgrade Labs | 2 | 1.9% | |
| 4 | Auntie Anne's | 2 | 1.9% | |
| 5 | Jamba | 2 | 1.9% | |
| 6 | Knuckies Hoagies | 2 | 1.9% | |
| 7 | Country Inn and Suites by Radisson | 1 | 0.9% | |
| 8 | Holiday Inn Express | 1 | 0.9% |
Questions and answers
How many SBA loans does Craft Bank make?
SBA approved 19 7(a) loans through Craft Bank in FY2025, worth $17.6M, and 108 over FY2021 to FY2025. That ranks 302nd of 2,184 active 7(a) lenders by number of approvals.
How large are Craft Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $583K and the average $1.1M. The program-wide median was $190K.
What is Craft Bank's charge-off rate?
Craft 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 Craft Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (17); other amusement and recreation industries (9); traveler accommodation (8); continuing care retirement communities and assisted living facilities for the elderly (6).
Where does Craft Bank make SBA loans?
In 22 states and territories. Georgia 62, Florida 6, Texas 6, Washington 4, Missouri 3. In Georgia it accounts for 0.7% of all 7(a) approvals.
Is Craft Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 58, against 50 in the three before: rising (+16%).
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