GoSBA’s 50 Best Atlanta SBA Lenders In 2024
Overview of SBA Loans in Atlanta
The U.S. Small Business Administration (SBA) Georgia District Office serves 159 counties, with a combined population of nearly 10.43 million residents. Atlanta, specifically, is home to 24 Fortune 1000 headquarters, including Coca-Cola, Dell South, Delta Airlines, Home Depot, UPS, and Georgia Pacific. As a bustling metropolitan hub, Atlanta attracts many small business entrepreneurs. It also possesses a diverse and prosperous economic base, positioning itself as a leading city in business, trade, and technology advancements.
Finding the Best Atlanta SBA Loans
Finding the best and most affordable business loans can be challenging, so we make it easier by comparing all the top SBA lenders in Atlanta for you. After reading our analysis, click “Apply Now” and let us match you with the best SBA loan providers in Atlanta.
Top SBA Lenders in Atlanta for 2024
GoSBA Loans is proud to present the updated 2024 list of the 50 best SBA banks providing SBA loans in Atlanta. As one of the top cities for small business entrepreneurs, Atlanta’s SBA lenders financed over 1,500 businesses valued at more than $1.2 billion in FY 2023. This thriving city is a perfect place for small businesses to flourish, and SBA lenders play a crucial role in providing the necessary funding.
Challenges in Accessing SBA Loans in Atlanta
One of the biggest challenges that small businesses face is access to affordable financing. The top lenders signing SBA-backed loans in Atlanta include both large financial institutions like Wells Fargo and Chase Bank, as well as local players such as Ameris Bank and Regions Bank. Some of these banks have stringent underwriting requirements, which can make the process challenging for small business owners. Many entrepreneurs are better off working with smaller and more aggressive SBA lenders who may offer a more personalized approach.
How GoSBA Loans Helps Atlanta Small Businesses
Applicants that apply for an SBA loan through GoSBA Loans benefit from automatic circulation of their loan applications to 33 of the top 100 Atlanta SBA lenders, significantly increasing their chances of approval. Below is our official ranking for the 50 Best Atlanta SBA 7(a) Lenders in 2024.
Top 50 SBA Lenders in Atlanta (2024)
Bank Name |
Amount Funded |
Loans Funded |
|---|---|---|
| 22nd State Bank | $3,041,800 | 1 |
| Bank Five Nine | $990,000 | 1 |
| Bank of America, National Association | $2,670,400 | 7 |
| Bank of Hope | $979,000 | 1 |
| Bank OZK | $150,000 | 1 |
| BayFirst National Bank | $726,900 | 5 |
| Blue Ridge Bank, National Association | $627,500 | 2 |
| Byline Bank | $3,283,000 | 3 |
| Cadence Bank | $815,000 | 2 |
| Capital Bank, National Association | $332,500 | 2 |
| Celtic Bank Corporation | $582,000 | 4 |
| CIBC Bank USA | $1,102,500 | 2 |
| Citizens Bank | $1,889,100 | 2 |
| Colony Bank | $850,000 | 2 |
| Commonwealth Business Bank | $382,000 | 1 |
| Community Bank & Trust-West Georgia | $2,000,000 | 1 |
| Craft Bank | $1,466,500 | 2 |
| CRF Small Business Loan Company, LLC | $825,000 | 1 |
| Embassy National Bank | $982,000 | 2 |
| FinWise Bank | $350,000 | 1 |
| First Bank | $2,584,000 | 1 |
| First Bank of the Lake | $782,500 | 3 |
| First Internet Bank of Indiana | $4,049,000 | 3 |
| First-Citizens Bank & Trust Company | $2,708,000 | 3 |
| Five Star Bank | $575,000 | 1 |
| Flagship Enterprise Center, Inc. (dba Bankable) | $350,000 | 1 |
| Fund-Ex Solutions Group, LLC | $3,041,800 | 1 |
| GBank | $3,637,000 | 1 |
| Georgia Primary Bank | $1,981,000 | 2 |
| Georgia’s Own Credit Union | $3,492,000 | 3 |
| Grand Ridge National Bank | $635,000 | 1 |
| Harvest Small Business Finance, LLC | $464,000 | 1 |
| HomeTrust Bank | $405,000 | 1 |
| JPMorgan Chase Bank, National Association | $1,420,000 | 6 |
| Lendistry SBLC, LLC | $608,100 | 4 |
| LiftFund, Inc. | $370,000 | 3 |
| Live Oak Banking Company | $8,235,000 | 7 |
| Loyal Trust Bank | $874,300 | 1 |
| Mechanics & Farmers Bank | $375,000 | 1 |
| Metro City Bank | $1,560,000 | 3 |
| Mission Valley Bank | $1,338,900 | 1 |
| New Millennium Bank | $1,100,000 | 1 |
| Newtek Bank, National Association | $4,445,000 | 16 |
| North State Bank | $300,000 | 1 |
| Northeast Bank | $526,500 | 8 |
Analyzing the table above, it’s evident that Live Oak Banking Company and Newtek Bank, National Association are leading the way in Atlanta when it comes to SBA lending. Live Oak Banking Company tops the list in terms of the total loan volume, funding over $8.2 million through 7 loans. This makes them a strong choice for business owners looking for significant financing.
Top SBA Lenders by Number of Loans Funded
On the other hand, Newtek Bank, National Association stands out with the highest number of loans funded, totaling 16 loans at a value of $4.4 million. This indicates that Newtek Bank is particularly active in providing smaller loans to a larger number of businesses, which may be ideal for businesses seeking moderate financing solutions.
Other Notable SBA Lenders in Atlanta
Banks like Bank of America and Northeast Bank also play crucial roles, with Northeast Bank funding 8 loans, albeit with a lower total amount of $526,500. This variety in loan volume and units funded means that Atlanta business owners have diverse options to choose from, based on their specific needs and qualifications.
For small businesses that are new or seeking smaller funding, lenders such as Celtic Bank Corporation and Lendistry SBLC, LLC provide a moderate number of loans, with fewer underwriting requirements, making them ideal options.
Why Choose GoSBA Loans for SBA Loans in Atlanta?
Partnering with GoSBA Loans provides applicants with access to a wide array of SBA lenders in Atlanta. We help match you with the lender that suits your business needs, taking into account loan amounts, approval criteria, and loan terms. By working with us, you’ll gain access to a network of lenders, ensuring that your application reaches the right banks at the right time, ultimately increasing your likelihood of success.
Benefits of SBA Loans for Atlanta Small Businesses
Whether you’re a new startup or an established small business, securing an SBA loan can help you expand operations, purchase equipment, or boost working capital. Atlanta’s diverse economic base and thriving entrepreneurial ecosystem provide a unique opportunity for small business owners to thrive, and we’re here to help you succeed every step of the way.
Ready to Apply for an SBA Loan in Atlanta?
If you’re ready to find the best SBA lenders in Atlanta, contact us to begin your journey. Our team at GoSBA Loans is committed to helping your small business secure the financing it needs to grow and thrive in 2024 and beyond.
