Lenders › Georgia's Own Credit Union
7(a) lenderAtlanta, Georgiacredit union236th of 2,184 by approvals
Georgia's Own Credit Union
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.
Georgia's Own Credit Union (Atlanta, Georgia) is a credit union in the SBA 7(a) program, 236th of 2,184 by approvals in FY2021 to FY2025: 154 loans worth $173M.
In FY2025, the latest complete fiscal year, it had 11 approvals totalling $12.5M, down 59% on FY2024 (27). FY2026 to 30 Jun 2026 adds 6 more.
The median approval was $678K, against $190K for the 7(a) program as a whole; 4.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 2 states and territories and 29 counties, led by Georgia (99.4%) and Alabama (0.6%). The largest industry group was retail trade at 26.6% of approvals, and 26.6% of approvals were to franchise businesses.
Of 128 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (4.7%), 68 as paid in full and 54 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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* | 6 | $4.1M | $703K | $686K | 109 |
| FY2025 | 11 | $12.5M | $854K | $1.1M | 163 |
| FY2024 | 27 | $38.5M | $746K | $1.4M | 301 |
| FY2023 | 40 | $33.0M | $389K | $824K | 440 |
| FY2022 | 34 | $35.3M | $690K | $1.0M | 343 |
| FY2021 | 42 | $53.8M | $1.0M | $1.3M | 922 |
| FY2020 | 47 | $33.5M | $500K | $713K | 567 |
| FY2019 | 24 | $33.5M | $657K | $1.4M | 661 |
| FY2018 | 8 | $5.6M | $300K | $698K | 95 |
| FY2017 | 1 | — | — | — | 50 |
| FY2016 | 2 | — | — | — | 31 |
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 82 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 | Georgia | 7(a) program |
|---|---|---|---|
| Approvals in these years | 141 | 17,911 | 639,905 |
| Cancelled or never disbursed | 13 | 2,110 | 79,313 |
| Disbursed loans | 128 | 15,801 | 560,592 |
| Paid in full | 68 | 11,453 | 435,813 |
| Charged off | 6 | 1,077 | 36,891 |
| Still outstanding (status exempt from disclosure) | 54 | 3,271 | 87,888 |
| Charged off, share of disbursed loans | 4.7% | 6.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.6% | 2.0% | 2.5% |
| Dollars charged off | $2.1M | $230M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 39 | 20 | 0 | 0.0% | 2.8% |
| FY2020 | 41 | 16 | 1 | 2.4% | 4.0% |
| FY2019 | 22 | 11 | 1 | — | 6.7% |
| FY2018 | 8 | 8 | 0 | — | 7.9% |
| FY2017 | 1 | 0 | 0 | — | 7.7% |
| FY2016 | 2 | 2 | 0 | — | 7.2% |
| FY2015 | 1 | 1 | 0 | — | 6.9% |
| FY2014 | 1 | 0 | 1 | — | 6.4% |
| FY2013 | 3 | 1 | 2 | — | 6.0% |
| FY2012 | 1 | 1 | 0 | — | 6.3% |
| FY2011 | 5 | 5 | 0 | — | 6.9% |
| FY2010 | 4 | 3 | 1 | — | 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 | $678K | $190K |
| Average approval | $1.1M | $518K |
| Approvals of $150,000 or less | 4.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 55.8% | 34.3% |
| Approvals to franchise businesses | 26.6% | 11.5% |
| Jobs supported per approval, as reported | 14.1 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.7% | 6.6% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Georgia | 153 | $172M | 99.4% | |
| 2 | Alabama | 1 | — | 0.6% |
In Georgia the lender accounts for 1.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (29 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Fulton County, GA | 34 | $25.8M | 22.1% | |
| 2 | Cobb County, GA | 31 | $35.7M | 20.1% | |
| 3 | Gwinnett County, GA | 15 | $22.9M | 9.7% | |
| 4 | DeKalb County, GA | 12 | $12.6M | 7.8% | |
| 5 | Forsyth County, GA | 10 | $10.0M | 6.5% | |
| 6 | Cherokee County, GA | 7 | $7.9M | 4.5% | |
| 7 | Barrow County, GA | 6 | $15.6M | 3.9% | |
| 8 | Carroll County, GA | 4 | $6.3M | 2.6% | |
| 9 | Douglas County, GA | 4 | $5.3M | 2.6% | |
| 10 | Walton County, GA | 4 | $3.9M | 2.6% | |
| 11 | Paulding County, GA | 3 | $4.4M | 1.9% | |
| 12 | Clayton County, GA | 3 | $2.4M | 1.9% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 41 | 26.6% | |
| 2 | Other Services (except Public Administration) | 26 | 16.9% | |
| 3 | Accommodation and Food Services | 25 | 16.2% | |
| 4 | Professional, Scientific, and Technical Services | 14 | 9.1% | |
| 5 | Health Care and Social Assistance | 12 | 7.8% | |
| 6 | Manufacturing | 8 | 5.2% | |
| 7 | Construction | 5 | 3.2% | |
| 8 | Arts, Entertainment, and Recreation | 4 | 2.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 22 | 14.3% | |
| 2 | Gasoline StationsNAICS 4571 | 17 | 11.0% | |
| 3 | Gasoline StationsNAICS 4471 | 14 | 9.1% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 9 | 5.8% | |
| 5 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 6 | 3.9% | |
| 6 | Drycleaning and Laundry ServicesNAICS 8123 | 6 | 3.9% | |
| 7 | Other Personal ServicesNAICS 8129 | 5 | 3.2% | |
| 8 | Architectural, Engineering, and Related ServicesNAICS 5413 | 5 | 3.2% | |
| 9 | Outpatient Care CentersNAICS 6214 | 5 | 3.2% | |
| 10 | Offices of PhysiciansNAICS 6211 | 4 | 2.6% |
Approval sizes
- $50,001 to $150,0004.5%7
- $150,001 to $350,00025.3%39
- $350,001 to $1 million34.4%53
- $1 million to $2 million18.2%28
- Over $2 million17.5%27
Loan terms
- Over 5 to 10 years35.7%55
- Over 10 to 20 years16.9%26
- Over 20 years47.4%73
Age of the businesses
- Existing, more than 2 years old40.3%62
- New business, 2 years or less15.6%24
- Startup, loan funds will open the business40.3%62
- Change of ownership3.9%6
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 123 | 79.9% | |
| 2 | 7a General | 14 | 9.1% | |
| 3 | SBA Express Program | 10 | 6.5% | |
| 4 | Working Capital CAPLine | 7 | 4.5% |
Franchise share
41 of 154 approvals in FY2021–FY2025 (26.6%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Next Level Petroleum | 4 | 2.6% | |
| 2 | Clipper Petroleum Supply Agreement | 3 | 1.9% | |
| 3 | Target Petroleum, LLC | 2 | 1.3% | |
| 4 | Premier Petroleum, Inc | 2 | 1.3% | |
| 5 | Charleys Philly Steaks | 2 | 1.3% | |
| 6 | Hammer & Nails Grooming For Guys | 2 | 1.3% | |
| 7 | Papa John's | 2 | 1.3% | |
| 8 | Petroleum Purchasing Inc. | 1 | 0.6% |
Questions and answers
How many SBA loans does Georgia's Own Credit Union make?
SBA approved 11 7(a) loans through Georgia's Own Credit Union in FY2025, worth $12.5M, and 154 over FY2021 to FY2025. That ranks 236th of 2,184 active 7(a) lenders by number of approvals.
How large are Georgia's Own Credit Union's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $678K and the average $1.1M. The program-wide median was $190K.
What is Georgia's Own Credit Union's charge-off rate?
Of 128 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (4.7%), 68 as paid in full and 54 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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 Georgia's Own Credit Union lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (22); gasoline stations (17); gasoline stations (14); automotive repair and maintenance (9).
Where does Georgia's Own Credit Union make SBA loans?
In 2 states and territories. Georgia 153, Alabama 1. In Georgia it accounts for 1.7% of all 7(a) approvals.
Is Georgia's Own Credit Union's SBA lending rising?
Approvals in the three latest complete fiscal years total 78, against 123 in the three before: falling (-37%).
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