Lending data
Who actually lends to construction and contracting businesses in Georgia?
555 SBA 7(a) loans went to construction and contracting businesses in Georgia recently, at a median of $200,000. Here are the lenders that made them, ranked.
555 SBA 7(a) loans went to construction and contracting businesses in Georgia in the most recent fiscal years. The median was $200,000 over 10 years. The most active lender was The Huntington National Bank, with 52 loans.
What lending to construction and contracting businesses in Georgia actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Construction and contracting, Georgia | All 7(a) borrowers |
|---|---|---|
| Loans approved | 555 | 214,102 |
| Median loan | $200,000 | $150,000 |
| 25th - 75th percentile | $100,000 - $499,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.75% | 10.25% |
| Share to startups | 36.4% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 8.9% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to construction and contracting businesses in Georgia. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| The Huntington National Bank | 52 | $245,000 | 71% | 10.50% |
| United Midwest Savings Bank | 48 | $150,000 | 98% | 10.25% |
| Wells Fargo Bank | 40 | $15,000 | 92% | 13.12% |
| BayFirst National Bank | 34 | $150,000 | 0% | 12.25% |
| JPMorgan Chase Bank | 34 | $150,000 | 3% | 12.70% |
| Newtek Bank | 29 | $350,000 | 21% | 11.50% |
| Readycap Lending, LLC | 27 | $150,000 | 26% | 11.25% |
| Northeast Bank | 23 | $150,000 | 4% | 10.75% |
| SouthState Bank | 18 | $150,000 | 6% | 11.25% |
| First Internet Bank of Indiana | 18 | $912,500 | 22% | 10.25% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $200,000 is 33% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- Startup share is about average, at 36% against 34% nationally.
- No single lender dominates, but the top three made 25% of these loans, so the shortlist below covers most of the active market.
- Rates run higher here. The median initial rate of 10.75% is 0.50 points above the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
Which of them lend to new businesses
Of those loans, 36.4% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| United Midwest Savings Bank | 47 | $150,000 | 98% | 10.25% |
| The Huntington National Bank | 37 | $245,000 | 71% | 10.50% |
| Wells Fargo Bank | 37 | $15,000 | 92% | 13.12% |
| First Bank of the Lake | 11 | $286,000 | 85% | 11.00% |
| Readycap Lending, LLC | 7 | $150,000 | 26% | 11.25% |
| Newtek Bank | 6 | $350,000 | 21% | 11.50% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Georgia: restaurants and hotels, retail, healthcare, personal services, professional services, admin services
- Construction in comparable states: Indiana, Utah, Arizona, Oregon, Missouri, Connecticut