SBA Ledger

States › Georgia › FY2024

FY20241 Oct 2023 – 30 Sep 2024

SBA loans in Georgia, FY2024

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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 2,224 loans in Georgia: 2,032 under 7(a) and 192 under 504, worth $1.58bn.

That is up 19% on FY2023, when there were 1,874 approvals worth $1.39bn.

Georgia accounted for 2.9% of the 76,235 approvals nationwide that year. 170 lenders had at least one approval in the state; Newtek Bank, National Association had the most, 195.

2,224approvalsFY2023: 1,874
$1.58bndollars approvedFY2023: $1.39bn
$250Kmedian 7(a) approvalFY2023: $339K
170lenders with an approval
25,291jobs supported, as reported

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 FY2024, of 170 active.

#LenderProgramApprovalsDollarsShare of stateFY2023Change
1Newtek Bank, National Association7(a)195$97.3M8.8%51+144
2The Huntington National Bank7(a)171$76.1M7.7%165+6
3Readycap Lending, LLC7(a)153$48.9M6.9%45+108
4Northeast Bank7(a)131$13.4M5.9%9+122
5Wells Fargo Bank National Association7(a)112$10.2M5.0%118-6
6SouthState Bank, National Association7(a)81$27.6M3.6%56+25
7BayFirst National Bank7(a)79$14.2M3.6%101-22
8Florida Business Development Corporation50467$93.7M3.0%73-6
9JPMorgan Chase Bank, National Association7(a)62$10.6M2.8%39+23
10Celtic Bank Corporation7(a)51$10.6M2.3%42+9
11Bank of America, National Association7(a)48$29.0M2.2%45+3
12Metro City Bank7(a)43$87.2M1.9%49-6
13United Midwest Savings Bank National Association7(a)42$11.4M1.9%36+6
14Live Oak Banking Company7(a)40$59.1M1.8%400
15Capital Partners Certified Development Company50438$68.2M1.7%37+1
16Small Business Access Partners, Inc.50437$48.0M1.7%36+1
17First Bank of the Lake7(a)34$10.3M1.5%17+17
18Pinnacle Bank7(a)32$41.1M1.4%26+6
19United Community Bank7(a)30$25.2M1.3%300
20Lendistry SBLC, LLC7(a)30$4.5M1.3%3+27
21Georgia's Own Credit Union7(a)27$38.5M1.2%40-13
22Renasant Bank7(a)25$19.7M1.1%28-3
23Colony Bank7(a)23$11.8M1.0%30-7
24Citizens Bank7(a)22$12.5M1.0%23-1
25Commonwealth Business Bank7(a)20$38.4M0.9%16+4
26Harvest Small Business Finance, LLC7(a)20$16.2M0.9%9+11
27Georgia Banking Company7(a)20$14.0M0.9%12+8
28Loyal Trust Bank7(a)19$27.4M0.9%16+3
29First Community Bank7(a)17$23.2M0.8%24-7
30Bank of Hope7(a)17$20.8M0.8%12+5
31First Internet Bank of Indiana7(a)15$20.3M0.7%9+6
32Florida First Capital Finance Corporation, Inc.50415$18.0M0.7%7+8
33Byline Bank7(a)14$20.3M0.6%11+3
34PromiseOne Bank7(a)14$20.1M0.6%16-2
35Georgia Certified Development Corporation50413$21.1M0.6%11+2
36HomeTrust Bank7(a)13$13.9M0.6%22-9
37PNC Bank, National Association7(a)13$2.2M0.6%17-4
38GBank7(a)12$41.6M0.5%5+7
39Hanmi Bank7(a)11$8.4M0.5%17-6
40Regions Bank7(a)10$24.1M0.4%12-2

Approvals by county

#CountyApprovalsDollarsShare of stateFY2023Change
1Fulton County382$242M17.2%336+46
2Gwinnett County293$189M13.2%264+29
3Cobb County232$150M10.4%189+43
4DeKalb County184$102M8.3%136+48
5Forsyth County92$83.1M4.1%54+38
6Henry County65$43.7M2.9%40+25
7Cherokee County63$36.6M2.8%58+5
8Chatham County56$57.0M2.5%66-10
9Fayette County46$31.8M2.1%37+9
10Clayton County39$31.0M1.8%37+2
11Hall County37$25.5M1.7%50-13
12Coweta County31$16.9M1.4%23+8
13Rockdale County30$20.3M1.3%14+16
14Bibb County30$39.9M1.3%15+15
15Douglas County29$17.6M1.3%26+3
16Muscogee County28$21.7M1.3%21+7
17Walton County27$15.1M1.2%13+14
18Carroll County25$16.3M1.1%10+15
19Barrow County23$32.5M1.0%16+7
20Bartow County23$19.7M1.0%24-1
21Columbia County23$12.0M1.0%17+6
22Effingham County22$11.1M1.0%12+10
23Clarke County21$15.0M0.9%17+4
24Paulding County20$16.5M0.9%18+2
25Richmond County18$12.6M0.8%19-1
26Glynn County17$8.8M0.8%16+1
27Houston County17$23.2M0.8%20-3
28Bulloch County16$12.4M0.7%10+6
29Troup County15$8.8M0.7%5+10
30Newton County15$11.2M0.7%11+4
31Jackson County13$11.5M0.6%9+4
32Dougherty County11$9.0M0.5%6+5
33Dawson County11$5.5M0.5%7+4
34Pickens County10$3.5M0.4%15-5
35Gordon County10$9.1M0.4%5+5
36Lowndes County10$11.6M0.4%7+3
37Bryan County10$10.6M0.4%8+2
38Lee County9$4.9M0.4%3+6
39Catoosa County9$6.5M0.4%2+7
40Oconee County9$4.4M0.4%10-1

The 40 counties with the most approvals; every county is on the Georgia page.

FY2024 against FY2023

GeorgiaFY2024FY2023
7(a) approvals2,0321,685
7(a) dollars$1.30bn$1.18bn
Median 7(a) approval$250K$339K
504 approvals192189
504 dollars$276M$215M
Jobs supported, as reported25,29121,590

Questions and answers

Which lenders made the most SBA loans in Georgia in FY2024?

Newtek Bank, National Association (195), The Huntington National Bank (171), Readycap Lending, LLC (153), Northeast Bank (131), Wells Fargo Bank National Association (112). 170 lenders had at least one approval.

How many SBA loans were approved in Georgia in FY2024?

2,224: 2,032 under 7(a) worth $1.30bn and 192 under 504 worth $276M.

Which Georgia counties had the most SBA approvals in FY2024?

Fulton County (382), Gwinnett County (293), Cobb County (232), DeKalb County (184), Forsyth County (92).

When does FY2024 start and end?

The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.

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