FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Louisiana, 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 596 loans in Louisiana: 579 under 7(a) and 17 under 504, worth $360M.
That is up 34% on FY2023, when there were 444 approvals worth $259M.
Louisiana accounted for 0.8% of the 76,235 approvals nationwide that year. 78 lenders had at least one approval in the state; Newtek Bank, National Association had the most, 71.
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 Louisiana businesses in FY2024, of 78 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 7(a) | 71 | $26.2M | 11.9% | 13 | +58 |
| 2 | American Bank | 7(a) | 57 | $51.9M | 9.6% | 56 | +1 |
| 3 | Readycap Lending, LLC | 7(a) | 42 | $9.0M | 7.0% | 6 | +36 |
| 4 | Northeast Bank | 7(a) | 41 | $3.5M | 6.9% | 3 | +38 |
| 5 | Hancock Whitney Bank | 7(a) | 35 | $14.8M | 5.9% | 18 | +17 |
| 6 | JPMorgan Chase Bank, National Association | 7(a) | 35 | $7.0M | 5.9% | 19 | +16 |
| 7 | The Huntington National Bank | 7(a) | 32 | $10.8M | 5.4% | 36 | -4 |
| 8 | BayFirst National Bank | 7(a) | 21 | $2.8M | 3.5% | 38 | -17 |
| 9 | b1BANK | 7(a) | 17 | $9.3M | 2.9% | 25 | -8 |
| 10 | Live Oak Banking Company | 7(a) | 15 | $24.6M | 2.5% | 12 | +3 |
| 11 | Planters Bank and Trust Company | 7(a) | 13 | $797K | 2.2% | 5 | +8 |
| 12 | First Financial Bank | 7(a) | 12 | $28.8M | 2.0% | 12 | 0 |
| 13 | United Midwest Savings Bank National Association | 7(a) | 12 | $3.7M | 2.0% | 7 | +5 |
| 14 | First Bank of the Lake | 7(a) | 11 | $12.0M | 1.8% | 3 | +8 |
| 15 | Gulf Coast Bank | 7(a) | 11 | $11.9M | 1.8% | 11 | 0 |
| 16 | Citizens Bank | 7(a) | 11 | $5.2M | 1.8% | 4 | +7 |
| 17 | Colony Bank | 7(a) | 9 | $1.2M | 1.5% | 3 | +6 |
| 18 | Carter FCU | 7(a) | 8 | $7.3M | 1.3% | 7 | +1 |
| 19 | JEDCO Development Corporation | 504 | 7 | $9.0M | 1.2% | 0 | new |
| 20 | Byline Bank | 7(a) | 7 | $7.1M | 1.2% | 7 | 0 |
| 21 | Home Bank, National Association | 7(a) | 6 | $5.5M | 1.0% | 10 | -4 |
| 22 | Gibsland Bank & Trust Company | 7(a) | 6 | $2.1M | 1.0% | 0 | new |
| 23 | Celtic Bank Corporation | 7(a) | 6 | $588K | 1.0% | 8 | -2 |
| 24 | First Internet Bank of Indiana | 7(a) | 5 | $9.1M | 0.8% | 1 | +4 |
| 25 | Louisiana Capital Certified Development Company, Inc. | 504 | 5 | $7.7M | 0.8% | 7 | -2 |
| 26 | Renasant Bank | 7(a) | 5 | $4.3M | 0.8% | 0 | new |
| 27 | Regions Bank | 7(a) | 5 | $3.8M | 0.8% | 6 | -1 |
| 28 | Peoples Bank | 7(a) | 5 | $2.8M | 0.8% | 5 | 0 |
| 29 | Bonvenu Bank NA | 7(a) | 5 | $1.5M | 0.8% | 2 | +3 |
| 30 | Community Certified Development Corporation | 504 | 4 | $7.3M | 0.7% | 5 | -1 |
| 31 | Capital One National Association | 7(a) | 4 | $6.2M | 0.7% | 1 | +3 |
| 32 | First Horizon Bank | 7(a) | 4 | $1.8M | 0.7% | 3 | +1 |
| 33 | Fidelity Bank | 7(a) | 4 | $1.6M | 0.7% | 17 | -13 |
| 34 | First Guaranty Bank | 7(a) | 3 | $846K | 0.5% | 2 | +1 |
| 35 | Red River Bank | 7(a) | 3 | $579K | 0.5% | 2 | +1 |
| 36 | Lendistry SBLC, LLC | 7(a) | 3 | $340K | 0.5% | 0 | new |
| 37 | Pathward National Association | 7(a) | 2 | — | 0.3% | 0 | new |
| 38 | Mission Valley Bank | 7(a) | 2 | — | 0.3% | 1 | +1 |
| 39 | Citizens Bank & Trust Company | 7(a) | 2 | — | 0.3% | 0 | new |
| 40 | Bank Five Nine | 7(a) | 2 | — | 0.3% | 2 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson Parish | 86 | $52.4M | 14.4% | 62 | +24 |
| 2 | East Baton Rouge Parish | 75 | $31.8M | 12.6% | 38 | +37 |
| 3 | St. Tammany Parish | 69 | $34.1M | 11.6% | 43 | +26 |
| 4 | Orleans Parish | 62 | $35.7M | 10.4% | 47 | +15 |
| 5 | Lafayette Parish | 51 | $23.8M | 8.6% | 42 | +9 |
| 6 | Caddo Parish | 34 | $18.9M | 5.7% | 19 | +15 |
| 7 | Calcasieu Parish | 24 | $9.9M | 4.0% | 24 | 0 |
| 8 | Ascension Parish | 23 | $14.4M | 3.9% | 19 | +4 |
| 9 | Ouachita Parish | 15 | $5.2M | 2.5% | 8 | +7 |
| 10 | Bossier Parish | 12 | $11.0M | 2.0% | 9 | +3 |
| 11 | Terrebonne Parish | 11 | $4.9M | 1.8% | 11 | 0 |
| 12 | Iberia Parish | 11 | $9.3M | 1.8% | 4 | +7 |
| 13 | Livingston Parish | 11 | $5.8M | 1.8% | 11 | 0 |
| 14 | Vermilion Parish | 10 | $6.8M | 1.7% | 7 | +3 |
| 15 | Tangipahoa Parish | 9 | $10.9M | 1.5% | 16 | -7 |
| 16 | St. Bernard Parish | 7 | $5.0M | 1.2% | 2 | +5 |
| 17 | Rapides Parish | 7 | $6.0M | 1.2% | 11 | -4 |
| 18 | St. Landry Parish | 5 | $4.5M | 0.8% | 10 | -5 |
| 19 | St. John the Baptist Parish | 5 | $2.2M | 0.8% | 3 | +2 |
| 20 | St. Charles Parish | 5 | $11.0M | 0.8% | 4 | +1 |
| 21 | Webster Parish | 4 | $2.7M | 0.7% | 1 | +3 |
| 22 | Plaquemines Parish | 4 | $2.0M | 0.7% | 4 | 0 |
| 23 | Union Parish | 4 | $14.2M | 0.7% | 2 | +2 |
| 24 | Lincoln Parish | 4 | $1.6M | 0.7% | 2 | +2 |
| 25 | Acadia Parish | 3 | $330K | 0.5% | 1 | +2 |
| 26 | Beauregard Parish | 3 | $305K | 0.5% | 2 | +1 |
| 27 | Lafourche Parish | 3 | $1.8M | 0.5% | 0 | new |
| 28 | Pointe Coupee Parish | 3 | $1.7M | 0.5% | 3 | 0 |
| 29 | Iberville Parish | 3 | $1.2M | 0.5% | 0 | new |
| 30 | Jefferson Davis Parish | 3 | $2.0M | 0.5% | 1 | +2 |
| 31 | St. Mary Parish | 2 | — | 0.3% | 3 | -1 |
| 32 | Vernon Parish | 2 | — | 0.3% | 0 | new |
| 33 | Claiborne Parish | 2 | — | 0.3% | 5 | -3 |
| 34 | Franklin Parish | 2 | — | 0.3% | 0 | new |
| 35 | St. Helena Parish | 2 | — | 0.3% | 1 | +1 |
| 36 | Allen Parish | 2 | — | 0.3% | 0 | new |
| 37 | Avoyelles Parish | 2 | — | 0.3% | 0 | new |
| 38 | Natchitoches Parish | 2 | — | 0.3% | 5 | -3 |
| 39 | Caldwell Parish | 2 | — | 0.3% | 4 | -2 |
| 40 | St. Martin Parish | 1 | — | 0.2% | 8 | -7 |
The 40 counties with the most approvals; every county is on the Louisiana page.
FY2024 against FY2023
| Louisiana | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 579 | 429 |
| 7(a) dollars | $334M | $245M |
| Median 7(a) approval | $179K | $195K |
| 504 approvals | 17 | 15 |
| 504 dollars | $26.7M | $13.5M |
| Jobs supported, as reported | 6,430 | 5,486 |
Questions and answers
Which lenders made the most SBA loans in Louisiana in FY2024?
Newtek Bank, National Association (71), American Bank (57), Readycap Lending, LLC (42), Northeast Bank (41), Hancock Whitney Bank (35). 78 lenders had at least one approval.
How many SBA loans were approved in Louisiana in FY2024?
596: 579 under 7(a) worth $334M and 17 under 504 worth $26.7M.
Which Louisiana counties had the most SBA approvals in FY2024?
Jefferson Parish (86), East Baton Rouge Parish (75), St. Tammany Parish (69), Orleans Parish (62), Lafayette Parish (51).
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