Louisiana entrepreneurs have a myriad of financial options at their disposal, thanks to the robust support of Small Business Administration (SBA) lenders. These institutions play a pivotal role in fueling business growth and fostering economic development in the Pelican State. Let’s delve into the top 10 SBA lenders in Louisiana, highlighting their unique strengths and characteristics:
Louisiana Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | American Bank | Covington, LA | 42 | $698,255 | 7.4% |
| 2 | b1Bank | Baton Rouge, LA | 28 | $600,343 | 8.2% |
| 3 | Gulf Coast Bank | Abbeville, LA | 18 | $777,233 | 6.5% |
| 4 | Newtek Small Business Finance | Lake Success, NY | 16 | $694,438 | 8.3% |
| 5 | Hancock Whitney Bank | Gulfport, MS | 13 | $482,462 | 6.9% |
| 6 | Readycap Lending, LLC | Berkeley Heights, NJ | 12 | $1,517,467 | 7.4% |
| 7 | United Midwest Savings Bank | De Graff, OH | 12 | $939,667 | 7.8% |
| 8 | BancorpSouth Bank | Tupelo, MS | 10 | $301,730 | 7.7% |
| 9 | Fidelity Bank | Mandeville, LA | 10 | $312,170 | 6.4% |
| 10 | Peoples Bank | Mendenhall, MS | 10 | $3,325,400 | 6.3% |
| 11 | BayFirst National Bank | Saint Petersburg, FL | 9 | $317,222 | 9.1% |
| 12 | Live Oak | Wilmington, NC | 8 | $2,211,875 | 6.7% |
| 13 | BankFirst Financial Services | Columbus, MS | 7 | $327,357 | 8.5% |
| 14 | Carter FCU | Springhill, LA | 7 | $199,057 | 6.5% |
| 15 | Celtic Bank | Salt Lake City, UT | 6 | $267,500 | 8.3% |
| 16 | JPMorgan Chase Bank | Columbus, OH | 6 | $216,883 | 7.5% |
| 17 | The Huntington National Bank | Columbus, OH | 6 | $431,983 | 7.8% |
| 18 | SouthState Bank | Winter Haven, FL | 5 | $1,135,200 | 6.7% |
| 19 | Byline Bank | Chicago, IL | 4 | $625,000 | 6.9% |
| 20 | Home Bank | Lafayette, LA | 4 | $582,250 | 8.8% |
| 21 | Northeast Bank | Lewiston, ME | 4 | $23,900 | 8.1% |
| 22 | Centric FCU | West Monroe, LA | 3 | $341,667 | 7.3% |
| 23 | Citizens Bank | Elizabethton, TN | 3 | $1,241,233 | 7.5% |
| 24 | First Guaranty Bank | Hammond, LA | 3 | $76,000 | 7.0% |
| 25 | Liberty Bank and Trust Company | New Orleans, LA | 3 | $602,800 | 7.0% |
| 26 | Red River Bank | Alexandria, LA | 3 | $1,071,333 | 6.9% |
| 27 | Regions Bank | Birmingham, AL | 3 | $836,000 | 7.5% |
| 28 | Stone Bank | Mountain View, AR | 3 | $2,306,267 | 7.8% |
| 29 | Valley National Bank | Passaic, NJ | 3 | $2,121,000 | 6.8% |
1. American Bank
American Bank, based in Covington, Louisiana, leads the pack with a local focus. Facilitating 42 loans, the bank offers an average loan of $698,255 at a 7.4% interest rate. Louisiana businesses looking for community-oriented support and competitive financing terms may find American Bank to be an ideal partner.
2. b1Bank
b1Bank, headquartered in Baton Rouge, Louisiana, caters to businesses with a regional focus. With 28 loans, the bank provides an average loan of $600,343 at an 8.2% interest rate. Louisiana businesses seeking a regional partner with personalized service and competitive terms may find b1Bank to be an attractive option.
3. Gulf Coast Bank
Gulf Coast Bank, located in Abbeville, Louisiana, stands out for its personalized service. Facilitating 18 loans, the bank offers an average loan of $777,233 at a 6.5% interest rate. Businesses in Louisiana looking for localized support and competitive financing terms may find Gulf Coast Bank to be a strategic choice.
4. Newtek Small Business Finance
Newtek Small Business Finance, headquartered in Lake Success, New York, secures the fourth position. With 16 loans, the lender offers an average loan of $694,438 at an 8.3% interest rate. Louisiana businesses looking for diverse financial services and substantial funding may find Newtek Small Business Finance to be a strategic partner.
5. Hancock Whitney Bank
Hancock Whitney Bank, based in Gulfport, Mississippi, is a regional player with a presence in Louisiana. With 13 loans, the bank offers an average loan of $482,462 at a 6.9% interest rate. Businesses in the state seeking a well-established financial partner with a broad range of services may find Hancock Whitney Bank to be a strategic choice.
6. Readycap Lending, LLC
Readycap Lending, LLC, located in Berkeley Heights, New Jersey, focuses on mid-sized loans. With 12 loans, the lender offers an average loan of $1,517,467 at a 7.4% interest rate. Louisiana businesses looking for a lender with a focus on mid-sized financing and competitive terms may find Readycap Lending, LLC to be an ideal partner.
7. United Midwest Savings Bank
United Midwest Savings Bank, based in De Graff, Ohio, brings a regional focus to Louisiana. Facilitating 12 loans, the bank offers an average loan of $939,667 at a 7.8% interest rate. Businesses seeking a regional partner with a personalized touch and competitive terms may find United Midwest Savings Bank to be an attractive option.
8. BancorpSouth Bank
BancorpSouth Bank, headquartered in Tupelo, Mississippi, caters to businesses with a regional presence. With 10 loans, the bank provides an average loan of $301,730 at a 7.7% interest rate. Louisiana businesses looking for a regional partner with personalized service and competitive terms may find BancorpSouth Bank to be an ideal choice.
9. Fidelity Bank
Fidelity Bank, located in Mandeville, Louisiana, distinguishes itself with a local focus. Facilitating 10 loans, the bank offers an average loan of $312,170 at a 6.4% interest rate. Fidelity Bank caters to businesses seeking community-oriented support and competitive financing terms.
10. Peoples Bank
Peoples Bank, based in Mendenhall, Mississippi, closes the top 10 SBA lenders. With 10 loans, the bank offers an average loan of $3,325,400 at a 6.3% interest rate. Louisiana businesses looking for substantial financial backing for growth and expansion may find Peoples Bank to be a strategic partner.
In conclusion, Louisiana businesses have a diverse array of SBA lenders to choose from, each offering unique advantages. Whether seeking local community support, substantial regional backing, or a mix of both, these top 10 lenders cater to the diverse financial needs of businesses in the Pelican State.
Top Industries for SBA loans in Louisiana
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 22 | $3,371,800 | 5.9% |
| 2 | Full-Service Restaurants | 15 | $1,023,907 | 7.3% |
| 3 | Limited-Service Restaurants | 11 | $776,482 | 6.5% |
| 4 | General Freight Trucking, Local | 8 | $131,538 | 8.7% |
| 5 | Child Day Care Services | 8 | $863,713 | 7.5% |
| 6 | Insurance Agencies and Brokerages | 7 | $1,102,086 | 8.1% |
| 7 | All Other Amusement and Recreation Industries | 6 | $1,040,433 | 6.3% |
| 8 | Fitness and Recreational Sports Centers | 6 | $622,150 | 6.6% |
| 9 | General Automotive Repair | 6 | $312,500 | 7.5% |
| 10 | Lessors of Miniwarehouses and Self-Storage Units | 5 | $2,353,840 | 6.1% |
| 11 | Offices of Chiropractors | 5 | $365,420 | 8.1% |
| 12 | Offices of Mental Health Practitioners (except Physicians) | 5 | $608,200 | 6.8% |
| 13 | Roofing Contractors | 5 | $1,277,200 | 7.3% |
| 14 | Snack and Nonalcoholic Beverage Bars | 5 | $106,960 | 7.7% |
| 15 | Funeral Homes and Funeral Services | 5 | $640,300 | 9.6% |
| 16 | All Other Specialty Trade Contractors | 4 | $1,780,425 | 8.2% |
| 17 | Exterminating and Pest Control Services | 4 | $100,500 | 8.6% |
| 18 | Electrical Contractors | 4 | $820,875 | 9.1% |
| 19 | Drinking Places (Alcoholic Beverages) | 4 | $383,625 | 6.7% |
| 20 | Other Scientific and Technical Consulting Services | 4 | $338,225 | 7.6% |
| 21 | Pet Care (except Veterinary) Services | 4 | $539,975 | 6.5% |
| 22 | Home Health Care Services | 4 | $266,250 | 9.8% |
| 23 | Offices of Lawyers | 3 | $165,000 | 10.0% |
| 24 | Meat and Meat Product Merchant Wholesalers | 3 | $378,667 | 6.8% |
| 25 | New Single-Family Housing Construction (except Operative Builders) | 3 | $173,333 | 7.7% |
| 26 | Landscaping Services | 3 | $133,333 | 6.5% |
| 27 | Tax Preparation Services | 3 | $262,667 | 7.8% |
| 28 | Pharmacies and Drug Stores | 3 | $765,000 | 5.8% |
| 29 | Site Preparation Contractors | 3 | $612,733 | 7.6% |
| 30 | Sports and Recreation Instruction | 3 | $897,733 | 5.3% |
| 31 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 3 | $711,667 | 7.0% |
| 32 | All Other Professional, Scientific, and Technical Services | 3 | $606,533 | 7.4% |
| 33 | Car Washes | 3 | $1,156,267 | 7.8% |
Top SBA Loan Franchises in Louisiana
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Best Western | 5 | $3,819,320 | 5.8% |
| 2 | Comfort Suites | 3 | $4,840,000 | 5.8% |
| 3 | The Grounds Guys | 2 | $150,000 | 6.0% |
| 4 | The UPS Store | 2 | $628,300 | 7.6% |
| 5 | Firehouse Subs | 2 | $582,850 | 6.1% |
| 6 | Quality Inn | 2 | $2,101,500 | 7.3% |
| 7 | Sky Zone Indoor Trampoline Par | 2 | $1,614,000 | 6.3% |
| 8 | Mosquito Joe | 2 | $150,000 | 9.8% |
Top Louisiana SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | COATING SERVICES INCORPORATED | Gonzales, LA | All Other Specialty Trade Contractors | $1M – $2.5M | 7.3% | 272 |
| 2 | AMIAN CARE SERVICES LLC | Alexandria, LA | Home Health Care Services | $250K – $500K | 10.5% | 245 |
| 3 | SURVIVAL SYSTEMS INTERNATIONAL | Kenner, LA | Ship Building and Repairing | $1M – $2.5M | 5.5% | 111 |
| 4 | ONE TELEMED LLC | Lafayette, LA | Offices of Mental Health Practitioners (except Physicians) | $500K – $1M | 6.0% | 84 |
| 5 | EL PATRON MEXICAN GRILL | Slidell, LA | Full-Service Restaurants | $2.5M – $5M | 7.0% | 80 |
| 6 | DRASTIC AIR LAFAYETTE LLC | Lafayette, LA | All Other Amusement and Recreation Industries | $1M – $2.5M | 6.3% | 77 |
| 7 | WYNDSTON MILLWORK LLC | Ponchatoula, LA | Wood Window and Door Manufacturing | $500K – $1M | 7.6% | 67 |
| 8 | GAP SUBS LLC | Prairieville, LA | Limited-Service Restaurants | $500K – $1M | 6.0% | 60 |
| 9 | NEW ORLEANS BAYOU SPORTSPLEX A | Marrero, LA | Fitness and Recreational Sports Centers | $1M – $2.5M | 6.3% | 55 |
| 10 | SAAS HOTELS LLC | Morgan City, LA | Hotels (except Casino Hotels) and Motels | $1M – $2.5M | 5.8% | 55 |
| 11 | ZEN JAPANESE BISTRO LLC | Mandeville, LA | Full-Service Restaurants | $500K – $1M | 8.8% | 54 |
| 12 | P&H HOLDINGS LLC | Pineville, LA | Limited-Service Restaurants | $500K – $1M | 6.3% | 52 |
| 13 | GULF COAST PARCEL INC. | Covington, LA | Postal Service | $500K – $1M | 7.8% | 52 |
| 14 | IR INC | Woodworth, LA | Other Computer Related Services | $2.5M – $5M | 4.5% | 52 |
| 15 | SLIDELL CZN LLC | Slidell, LA | Limited-Service Restaurants | $250K – $500K | 8.3% | 51 |
| 16 | ICE SQUAD NORTHGATE LLC | Baton Rouge, LA | Limited-Service Restaurants | $250K – $500K | 6.0% | 50 |
| 17 | CHIPS DAIQUIRIS CONGRESS LLC | Lafayette, LA | Drinking Places (Alcoholic Beverages) | $250K – $500K | 6.3% | 42 |
| 18 | HOLISTIC BEHAVIORAL HEALTH SER | Jackson, LA | Offices of Mental Health Practitioners (except Physicians) | $500K – $1M | 7.8% | 40 |
| 19 | BENTON HOLDINGS LLC | Hammond, LA | Tax Preparation Services | $500K – $1M | 6.0% | 40 |
| 20 | COPPER ROOFING LLC | New Orleans, LA | Roofing Contractors | $500K – $1M | 7.5% | 40 |
| 21 | CHIPS DAIQUIRIS AIRLINE LLC | Prairieville, LA | Drinking Places (Alcoholic Beverages) | $500K – $1M | 7.5% | 40 |
| 22 | HOLISTIC BEHAVIORAL HEALTH SER | Bogalusa, LA | Offices of Mental Health Practitioners (except Physicians) | $500K – $1M | 7.8% | 40 |
| 23 | LMB SERVICES LLC | Belle Chasse, LA | Site Preparation Contractors | $500K – $1M | 8.9% | 40 |
| 24 | GULF GEOEXCHANGE AND CONSULTIN | Belle Chasse, LA | All Other Professional, Scientific, and Technical Services | $250K or less | 10.0% | 35 |
| 25 | VERICORE LLC. | Mandeville, LA | Collection Agencies | $500K – $1M | 5.1% | 35 |
| 26 | TITO’S CEVICHE & PISCO LLC | New Orleans, LA | Full-Service Restaurants | $1M – $2.5M | 8.8% | 35 |
| 27 | CSBR INVESTMENT LLC | Baton Rouge, LA | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 5.3% | 35 |
| 28 | WYNDSTON MILLWORK LLC | Ponchatoula, LA | Other Millwork (including Flooring) | $250K – $500K | 9.0% | 34 |
| 29 | NEW HORIZON LEARNING ACADEMY L | Metairie, LA | Child Day Care Services | $500K – $1M | 8.3% | 34 |
| 30 | MITCHELL’S AND COMPANY EST. 20 | Baton Rouge, LA | Barber Shops | $250K or less | 7.0% | 33 |
| 31 | GULF STATES SERVICES LLC | Robert, LA | Highway, Street, and Bridge Construction | $250K – $500K | 5.3% | 33 |
| 32 | STEAM ACADEMY PROPERTIES LLC | Youngsville, LA | Child Day Care Services | $1M – $2.5M | 6.0% | 32 |
| 33 | LONE STAR SAND LLC | Gilliam, LA | Industrial Sand Mining | $2.5M – $5M | 6.0% | 32 |
| 34 | COVINGTON BEER GARDEN LLC | Covington, LA | Drinking Places (Alcoholic Beverages) | $250K or less | 7.0% | 31 |
| 35 | PHO VIET LLC | Gonzales, LA | Full-Service Restaurants | $500K – $1M | 6.3% | 31 |
| 36 | DSR RESTAURANT GROUP LLC | Slidell, LA | Full-Service Restaurants | $1M – $2.5M | 7.5% | 31 |
| 37 | AIRBORNE GONZALES LLC | Gonzales, LA | All Other Amusement and Recreation Industries | $1M – $2.5M | 7.0% | 31 |
| 38 | FCA CONSTRUCTION LLC | Elmwood, LA | Roofing Contractors | $2.5M – $5M | 8.3% | 31 |
| 39 | BCD WILTZ CAJUN FOODS LLC | Broussard, LA | Meat and Meat Product Merchant Wholesalers | $250K – $500K | 8.3% | 30 |
| 40 | SOUTHERN INTEGRATED SOLUTIONS | Broussard, LA | Engineering Services | $250K – $500K | 8.8% | 30 |
| 41 | LUXURY GRANITE & QUARTZ LLC | Pearl River, LA | Other Building Finishing Contractors | $1M – $2.5M | 5.5% | 28 |
| 42 | CMH & ASSOCIATES LLC | Lafayette, LA | Sports and Recreation Instruction | $1M – $2.5M | 5.3% | 28 |
| 43 | BDR ITALIAN LLC | New Orleans, LA | Full-Service Restaurants | $2.5M – $5M | 7.0% | 27 |
| 44 | THE COFFEEHOUSE LLC | Arabi, LA | Snack and Nonalcoholic Beverage Bars | $250K or less | 8.0% | 25 |
| 45 | CR CAFES LLC | Lafayette, LA | Full-Service Restaurants | $250K or less | 4.3% | 25 |
| 46 | SPECIAL ‘T’ ICE COMPANY INC. | Abbeville, LA | Ice Manufacturing | $250K – $500K | 8.3% | 25 |
| 47 | LEAKY LITTLE BOAT LLC | Mandeville, LA | Full-Service Restaurants | $500K – $1M | 7.5% | 25 |
| 48 | RESIDUAL CARE LLC | Shreveport, LA | Offices of Mental Health Practitioners (except Physicians) | $250K or less | 6.3% | 24 |
| 49 | CORMIER CHIROPRACTIC CLINIC LL | Lafayette, LA | Offices of Chiropractors | $250K – $500K | 8.3% | 24 |
| 50 | ORIGINAL LIUZZAS LLC | New Orleans, LA | Full-Service Restaurants | $1M – $2.5M | 7.8% | 24 |
| 51 | NATIONWIDE TAX CONSULTANTS LLC | Monroe, LA | Tax Preparation Services | $250K or less | 8.5% | 22 |
| 52 | BIGHTCARE HOMECARE LLC | Covington, LA | Home Health Care Services | $250K or less | 9.0% | 21 |
| 53 | BIGHTCARE HOMECARE LLC | Lafayette, LA | Home Health Care Services | $250K or less | 9.0% | 21 |
| 54 | VALLEY WINGS LOUISIANA LLC | Baton Rouge, LA | Full-Service Restaurants | $250K – $500K | 7.5% | 21 |
| 55 | WC TRUCKING LLC | Mansfield, LA | General Freight Trucking, Local | $250K – $500K | 9.8% | 21 |
| 56 | FBP OF MANDEVILLE LLC | Mandeville, LA | Full-Service Restaurants | $500K – $1M | 4.5% | 21 |
| 57 | AL NOUR SUPERMARKET LLC | Harvey, LA | Supermarkets and Other Grocery (except Convenience) Stores | $1M – $2.5M | 6.3% | 21 |
| 58 | BAHAM STEEL LLC | New Orleans, LA | Structural Steel and Precast Concrete Contractors | $250K or less | 8.5% | 20 |
| 59 | CALLIOPE BEER WORKS LLC | New Orleans, LA | Breweries | $250K – $500K | 8.8% | 20 |
| 60 | GOLDEN RULE DAYCARE LLC | Saint Amant, LA | Child Day Care Services | $500K – $1M | 9.3% | 20 |
| 61 | CRAZY ABOUT COFFEE BEANZ LLC | Lafayette, LA | Limited-Service Restaurants | $500K – $1M | 8.0% | 20 |
| 62 | ILA C. LEGER | Lafayette, LA | Pet Care (except Veterinary) Services | $500K – $1M | 5.8% | 20 |
| 63 | LVVM HOSPITALITY LLC | Shreveport, LA | Hotels (except Casino Hotels) and Motels | $1M – $2.5M | 5.5% | 20 |
| 64 | BRLA ENTERPRISES LLC | Baton Rouge, LA | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 7.0% | 20 |
| 65 | LAFINN HOTEL LLC | Lafayette, LA | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 5.3% | 20 |
| 66 | LAFFAIR HOTEL LLC | Lafayette, LA | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 5.3% | 20 |
| 67 | PARK FOREST SELF STORAGE LLC | Baton Rouge, LA | Lessors of Miniwarehouses and Self-Storage Units | $2.5M – $5M | 6.5% | 20 |
| 68 | CAJUN SCOOPS LLC | Lafayette, LA | Ice Cream and Frozen Dessert Manufacturing | $250K – $500K | 6.0% | 19 |
| 69 | NORSE TACTICAL LLC | Broussard, LA | Other Technical and Trade Schools | $250K or less | 7.2% | 18 |
| 70 | ADIS GROUP INC. | Denham Springs, LA | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 6.0% | 18 |
| 71 | RARE BREED CUSTOMS LLC | West Monroe, LA | All Other Miscellaneous Fabricated Metal Product Manufacturing | $250K or less | 7.5% | 17 |
| 72 | LOPEZ REAL ESTATE PROPERTIES L | Broussard, LA | Fitness and Recreational Sports Centers | $500K – $1M | 7.5% | 17 |
| 73 | KEV’S KARS COLLISION LLC | Kenner, LA | General Automotive Repair | $500K – $1M | 8.8% | 17 |
| 74 | SENIOR DAY CENTER LLC | Shreveport, LA | Child Day Care Services | $1M – $2.5M | 6.2% | 17 |
| 75 | KAI-LEX LLC | Hammond, LA | Veterinary Services | $250K or less | 7.0% | 16 |
| 76 | ZENDOG LLC | Duson, LA | Pet Care (except Veterinary) Services | $250K or less | 6.8% | 16 |
| 77 | GALJOUR ENTERPRISES LLC | Covington, LA | Offices of Chiropractors | $500K – $1M | 8.3% | 16 |
| 78 | GLENN SEBRING ENTERPRISES INC | Pearl River, LA | Other Foundation, Structure, and Building Exterior Contractors | $500K – $1M | 7.9% | 16 |
| 79 | TJS PIZZA CO LLC | Baton Rouge, LA | Limited-Service Restaurants | $500K – $1M | 6.0% | 16 |
| 80 | KIDDER WELDING SUPPLY LLC | Opelousas, LA | Natural Gas Distribution | $1M – $2.5M | 6.9% | 16 |
| 81 | GREGORY’S EXPRESS MART LLC | Lena, LA | $2.5M – $5M | 6.0% | 16 | |
| 82 | DANCE GRAPHICS OF LOUISIANA LL | Lafayette, LA | Fine Arts Schools | $1M – $2.5M | 6.3% | 15 |
| 83 | BZ CARMEL LLC | Thibodaux, LA | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 5.3% | 15 |
| 84 | SRB HOSPITALITY LLC | New Iberia, LA | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 6.3% | 15 |
| 85 | REQUIS H-ONE LLC | Sulphur, LA | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 4.8% | 15 |
| 86 | SWEET HOME HOSPITALITY LLC | Leesville, LA | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 6.0% | 15 |
| 87 | HESTER ROOFING & CONSTRUCTION | Hammond, LA | Roofing Contractors | $250K or less | 6.0% | 14 |
| 88 | LUXE COUTURE LLC | Mandeville, LA | $250K or less | 8.3% | 14 | |
| 89 | RED STICK POWER LLC | Baton Rouge, LA | Other Scientific and Technical Consulting Services | $250K – $500K | 6.1% | 14 |
| 90 | VINCENT’S ROOFING INC | Lake Charles, LA | Roofing Contractors | $1M – $2.5M | 6.8% | 14 |
| 91 | ARYAN HOTEL LLC | New Iberia, LA | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 5.0% | 14 |
| 92 | TTMB LLC | New Orleans, LA | Drinking Places (Alcoholic Beverages) | $250K – $500K | 6.0% | 13 |
| 93 | REDLOW ENTERPRISES LLC | Shreveport, LA | Perishable Prepared Food Manufacturing | $250K – $500K | 6.6% | 13 |
| 94 | FORCE LAND HOLDINGS LLC | Lake Charles, LA | Gasket, Packing, and Sealing Device Manufacturing | $500K – $1M | 4.0% | 13 |
| 95 | CARUBBA ENGINEERING INC. | Metairie, LA | Engineering Services | $500K – $1M | 10.0% | 13 |
| 96 | 825 E. BROUSSARD ROAD LLC | Lafayette, LA | Other Activities Related to Real Estate | $500K – $1M | 5.3% | 13 |
| 97 | JAI SHREE AKSHARPURUSHOTTAM LL | Opelousas, LA | Hotels (except Casino Hotels) and Motels | $1M – $2.5M | 8.0% | 13 |
| 98 | VEDS 3 LLC | New Iberia, LA | $1M – $2.5M | 7.8% | 13 | |
| 99 | OM KB HOSPITALITY LLC | Rayne, LA | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 5.0% | 13 |
| 100 | STRAWBERRY MANOR LLC | Ponchatoula, LA | Caterers | $250K or less | 7.8% | 12 |
Note about SBA lenders near me in Louisiana
When it comes to top Louisiana SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Louisiana preferred lender list, 2) approved lenders in Louisiana, or 3) active participants in the Louisiana SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Louisiana swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Louisiana, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.