FY20231 Oct 2022 – 30 Sep 2023
SBA loans in Georgia, FY2023
That fiscal year's approvals by lender and by county.
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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 1,874 loans in Georgia: 1,685 under 7(a) and 189 under 504, worth $1.39bn.
That is up 18% on FY2022, when there were 1,592 approvals worth $1.43bn.
Georgia accounted for 3.0% of the 63,286 approvals nationwide that year. 173 lenders had at least one approval in the state; The Huntington National Bank had the most, 165.
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. Data through 30 Jun 2026.
Approvals by lender
The 40 lenders with the most approvals to Georgia businesses in FY2023, of 173 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 165 | $56.8M | 8.8% | 103 | +62 |
| 2 | Wells Fargo Bank National Association | 7(a) | 118 | $7.3M | 6.3% | 136 | -18 |
| 3 | BayFirst National Bank | 7(a) | 101 | $15.0M | 5.4% | 36 | +65 |
| 4 | Florida Business Development Corporation | 504 | 73 | $72.5M | 3.9% | 67 | +6 |
| 5 | SouthState Bank, National Association | 7(a) | 56 | $27.5M | 3.0% | 35 | +21 |
| 6 | Newtek Bank, National Association | 7(a) | 51 | $19.3M | 2.7% | 0 | new |
| 7 | Metro City Bank | 7(a) | 49 | $96.3M | 2.6% | 61 | -12 |
| 8 | Bank of America, National Association | 7(a) | 45 | $20.9M | 2.4% | 17 | +28 |
| 9 | Readycap Lending, LLC | 7(a) | 45 | $16.2M | 2.4% | 46 | -1 |
| 10 | Celtic Bank Corporation | 7(a) | 42 | $10.3M | 2.2% | 25 | +17 |
| 11 | Live Oak Banking Company | 7(a) | 40 | $60.9M | 2.1% | 35 | +5 |
| 12 | Georgia's Own Credit Union | 7(a) | 40 | $33.0M | 2.1% | 34 | +6 |
| 13 | JPMorgan Chase Bank, National Association | 7(a) | 39 | $7.1M | 2.1% | 21 | +18 |
| 14 | Capital Partners Certified Development Company | 504 | 37 | $48.0M | 2.0% | 62 | -25 |
| 15 | Small Business Access Partners, Inc. | 504 | 36 | $32.7M | 1.9% | 30 | +6 |
| 16 | United Midwest Savings Bank National Association | 7(a) | 36 | $9.3M | 1.9% | 30 | +6 |
| 17 | Newtek Small Business Finance, Inc. | 7(a) | 31 | $17.6M | 1.7% | 73 | -42 |
| 18 | Colony Bank | 7(a) | 30 | $30.3M | 1.6% | 11 | +19 |
| 19 | United Community Bank | 7(a) | 30 | $21.1M | 1.6% | 22 | +8 |
| 20 | Renasant Bank | 7(a) | 28 | $24.6M | 1.5% | 37 | -9 |
| 21 | Pinnacle Bank | 7(a) | 26 | $23.8M | 1.4% | 26 | 0 |
| 22 | Old National Bank | 7(a) | 25 | $35.4M | 1.3% | 8 | +17 |
| 23 | First Community Bank | 7(a) | 24 | $29.1M | 1.3% | 15 | +9 |
| 24 | Citizens Bank | 7(a) | 23 | $16.9M | 1.2% | 16 | +7 |
| 25 | HomeTrust Bank | 7(a) | 22 | $29.0M | 1.2% | 23 | -1 |
| 26 | Hanmi Bank | 7(a) | 17 | $16.1M | 0.9% | 9 | +8 |
| 27 | First Bank of the Lake | 7(a) | 17 | $12.0M | 0.9% | 7 | +10 |
| 28 | PNC Bank, National Association | 7(a) | 17 | $2.1M | 0.9% | 5 | +12 |
| 29 | PromiseOne Bank | 7(a) | 16 | $19.2M | 0.9% | 10 | +6 |
| 30 | Vallant Bank | 7(a) | 16 | $17.8M | 0.9% | 15 | +1 |
| 31 | Commonwealth Business Bank | 7(a) | 16 | $17.7M | 0.9% | 6 | +10 |
| 32 | Loyal Trust Bank | 7(a) | 16 | $12.5M | 0.9% | 21 | -5 |
| 33 | Community Bank of Pickens County | 7(a) | 15 | $22.2M | 0.8% | 9 | +6 |
| 34 | Truist Bank | 7(a) | 13 | $19.6M | 0.7% | 13 | 0 |
| 35 | LGE Community CU | 7(a) | 13 | $10.3M | 0.7% | 14 | -1 |
| 36 | CSRA Local Development Corporation | 504 | 12 | $16.7M | 0.6% | 22 | -10 |
| 37 | Bank of Hope | 7(a) | 12 | $14.8M | 0.6% | 9 | +3 |
| 38 | Regions Bank | 7(a) | 12 | $13.4M | 0.6% | 6 | +6 |
| 39 | Georgia Banking Company | 7(a) | 12 | $5.8M | 0.6% | 22 | -10 |
| 40 | Small Business Assistance Corporation | 7(a) | 12 | $2.6M | 0.6% | 7 | +5 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | Fulton County | 336 | $214M | 17.9% | 251 | +85 |
| 2 | Gwinnett County | 264 | $175M | 14.1% | 197 | +67 |
| 3 | Cobb County | 189 | $126M | 10.1% | 135 | +54 |
| 4 | DeKalb County | 136 | $95.7M | 7.3% | 135 | +1 |
| 5 | Chatham County | 66 | $48.6M | 3.5% | 56 | +10 |
| 6 | Cherokee County | 58 | $40.7M | 3.1% | 52 | +6 |
| 7 | Forsyth County | 54 | $54.0M | 2.9% | 55 | -1 |
| 8 | Hall County | 50 | $35.9M | 2.7% | 37 | +13 |
| 9 | Henry County | 40 | $29.3M | 2.1% | 43 | -3 |
| 10 | Fayette County | 37 | $23.0M | 2.0% | 30 | +7 |
| 11 | Clayton County | 37 | $51.0M | 2.0% | 19 | +18 |
| 12 | Douglas County | 26 | $14.2M | 1.4% | 23 | +3 |
| 13 | Bartow County | 24 | $12.3M | 1.3% | 16 | +8 |
| 14 | Coweta County | 23 | $16.6M | 1.2% | 16 | +7 |
| 15 | Muscogee County | 21 | $17.3M | 1.1% | 23 | -2 |
| 16 | Houston County | 20 | $18.1M | 1.1% | 15 | +5 |
| 17 | Richmond County | 19 | $16.7M | 1.0% | 20 | -1 |
| 18 | Paulding County | 18 | $11.5M | 1.0% | 14 | +4 |
| 19 | Clarke County | 17 | $8.8M | 0.9% | 19 | -2 |
| 20 | Columbia County | 17 | $9.2M | 0.9% | 14 | +3 |
| 21 | Glynn County | 16 | $19.1M | 0.9% | 15 | +1 |
| 22 | Barrow County | 16 | $21.1M | 0.9% | 17 | -1 |
| 23 | Pickens County | 15 | $10.8M | 0.8% | 10 | +5 |
| 24 | Bibb County | 15 | $9.6M | 0.8% | 23 | -8 |
| 25 | Rockdale County | 14 | $11.4M | 0.7% | 21 | -7 |
| 26 | Walton County | 13 | $9.8M | 0.7% | 21 | -8 |
| 27 | Effingham County | 12 | $6.7M | 0.6% | 7 | +5 |
| 28 | Spalding County | 12 | $14.1M | 0.6% | 9 | +3 |
| 29 | Newton County | 11 | $17.2M | 0.6% | 8 | +3 |
| 30 | Carroll County | 10 | $11.8M | 0.5% | 13 | -3 |
| 31 | Bulloch County | 10 | $4.8M | 0.5% | 6 | +4 |
| 32 | Oconee County | 10 | $2.8M | 0.5% | 2 | +8 |
| 33 | Jackson County | 9 | $6.2M | 0.5% | 10 | -1 |
| 34 | Gilmer County | 8 | $6.8M | 0.4% | 4 | +4 |
| 35 | Walker County | 8 | $6.8M | 0.4% | 6 | +2 |
| 36 | Bryan County | 8 | $4.6M | 0.4% | 4 | +4 |
| 37 | Lumpkin County | 7 | $3.9M | 0.4% | 11 | -4 |
| 38 | Lowndes County | 7 | $1.6M | 0.4% | 12 | -5 |
| 39 | Dawson County | 7 | $4.9M | 0.4% | 7 | 0 |
| 40 | Polk County | 7 | $2.9M | 0.4% | 6 | +1 |
The 40 counties with the most approvals; every county is on the Georgia page.
FY2023 against FY2022
| Georgia | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 1,685 | 1,364 |
| 7(a) dollars | $1.18bn | $1.16bn |
| Median 7(a) approval | $339K | $375K |
| 504 approvals | 189 | 228 |
| 504 dollars | $215M | $267M |
| Jobs supported, as reported | 21,590 | 18,998 |
Questions and answers
Which lenders made the most SBA loans in Georgia in FY2023?
The Huntington National Bank (165), Wells Fargo Bank National Association (118), BayFirst National Bank (101), Florida Business Development Corporation (73), SouthState Bank, National Association (56). 173 lenders had at least one approval.
How many SBA loans were approved in Georgia in FY2023?
1,874: 1,685 under 7(a) worth $1.18bn and 189 under 504 worth $215M.
Which Georgia counties had the most SBA approvals in FY2023?
Fulton County (336), Gwinnett County (264), Cobb County (189), DeKalb County (136), Chatham County (66).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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