Small Business Loans in Georgia

Ready to find success and secure a small business loan? You're in the right place! Our in-house research team of finance experts has compiled this most comprehensive list of business loans for you to find the best option for you. Bad credit and startups acceptable when meeting specific qualifications.

10 Small Business Loans in Georgia

This meticulously assembled list showcases the top small business lenders in Georgia, underpinned by solid data. We've organized these lenders by the number of small business loans they've issued throughout the year.

In essence, our list shines a spotlight on those banks and lending entities that are actually lending the most to small businesses across the state.

(Contrast this with several other sites that typically focus on nonprofits and government programs that lend to very few businesses!)

Takeaway: In Georgia, both large national and smaller regional banks provide loans to small businesses, encompassing a diverse range of loan types.

Methodology: Our study is anchored in SBA 7a loan data, ensuring that each lender we mention provides these loans. We've also documented different types of small business loans that are advertised on their websites.

A critical point to remember is that conventional banks typically set rigorous requirements, such as strong credit scores and at least two years of business history. Acknowledging this, our list starts with two financing options designed to assist small business owners who are either new to business or struggling with credit issues.

1. Credit Suite

Credit Suite stands as a business credit advisory and software provider, offering a pair of unique financial products.

For business owners with bad credit, they have a Cash Flow Financing product. It enables you to leverage your enterprise's cash flow to access flexible funding solutions. Repayment is not tied to strict monthly amounts but is instead based on a percentage of your ongoing cash flow.

On the other hand, their Credit Line Hybrid focuses on providing financing based primarily on individual credit ratings, eliminating the need for detailed financial statements, time in business, or history of revenue. Designed for a wide range of startups and established businesses, offering financing ranging from $5,000 to $150,000.

Business financing options offered:

  • Credit Suite Cash Flow Financing
  • Credit Suite Credit Line Hybrid

2. Wells Fargo Bank

Wells Fargo, a prominent national banking institution, is likely a familiar sight in your local area. That’s why it’s surprising that their selection of small business financing options is relatively modest given their size.

However, they've secured a notable position on this list due to the substantial volume of loans they successfully process and issue.

Business financing options offered:

  • SBA 7a Loans & 504 Loans
  • 2 Business Lines of Credit
  • Practice Financing

3. The Huntington National Bank

Huntington National Bank is more than just a prominent small business lender in Georgia; it's also the foremost provider of SBA 7a loans in the entire US.

Such an accomplishment places them among the top 10 lenders in nearly all other states, reflecting their dedication to supporting small businesses.

Beyond SBA loans, Huntington National Bank offers a wide range of financial solutions for small enterprises. This includes options like equipment leasing, agricultural loans, and a variety of real estate financing choices.

Business financing options offered:

  • SBA 7a Loans

  • Equipment Leasing

  • Church Lending

  • Greek House Financing

  • Agricultural Loans

  • Warehouse Lending

  • Real Estate Loans, Term Loans, and Lines of Credit

4. BayFirst National Bank

BayFirst National primarily specializes in SBA loans. On their website, you'll find phrases like “Lightning Fast Business Loans!” and “In-house team, quick funding” emphasizing their approach. A key strength is their internal underwriting team, ensuring both rapidity and proficiency in their services.

Given the typically extended timeframe for funding SBA loans, this aspect of their operations offers them a significant edge.

Business financing options offered:

  • SBA Loans
  • Commercial Real Estate Loans
  • Commercial Term Loans
  • Commercial Lines of Credit
  • Construction Loans
  • Heavy Equipment Financing

5. SouthState Bank

SouthState Bank is a small bank with a presence throughout the southeastern states. It has all of the normal small business loans that you’d expect from a bank, but it also has franchise financing.

Business financing options offered:

  • Lines of Credit
  • Term Loans
  • Business Lending Express
  • SBA Loans
  • Franchise Finance
  • Business Real Estate Loans

6. Cadence Bank

Cadence is a small regional bank with basic business loan offerings. Their website boasts several awards, including “World’s Best Banks” by Forbes magazine and “‘Outstanding in Investment & Service” by the FDIC.  

Business financing options offered:

  • Small Business Administration Loans

  • Business Loans 

  • Business Lines of Credit

  • 1 Business Credit Card

7. Newtek Bank

Newtek might not be a household name like conventional banks with physical branches, but it's a significant player in the financial world as a large, publicly traded entity with a focus on small business lending.

While their website features just a handful of small business financing choices, their repertoire extends to a wide range of financial services and products designed for small businesses. This includes offerings such as payment processing, insurance, employee benefits, and payroll management services, to name a few.

Business financing options offered:

  • Term Loans

  • Asset Based Financing

  • Inventory Based Financing

  • SBA Loans

8. Readycap Lending

Readycap primarily provides SBA 7a loans and USDA Business and Industry loans for small businesses. In addition to these loans backed by the government, they specialize in a variety of unique commercial real estate loans. 

For those in real estate investment or development, exploring Readycap's diverse range of loan products is highly recommended, as they feature several options not commonly found with other lenders.

Business financing options offered:

  • SBA 7a Loans

  • USDA B&I

  • Many Niche Commercial Real Estate Loans

9. Bank of America

Bank of America ranks as another major national bank on our list. They're well-known for providing a substantial number of small business loans across Georgia, supported by their extensive network of branches in the state.

The range of small business financing options they offer is quite commendable. But what stands out even more is their clarity in detailing the requirements for their business loans. This level of transparency is not often seen among lenders, and it's something we highly value. 

If you're considering a small business loan from Bank of America, it's wise to first ensure you meet their criteria for the specific loan you're interested in.

Business financing options offered:

  • Business Advantage Credit Line

  • Business Advantage Term Loan

  • Commercial real estate

  • Equipment loans

  • SBA loans

  • Healthcare practice loans

  • Secured Business Line of Credit

  • Secured Business Term Loan

10. Celtic Bank Corporation

Celtic Bank specializes in business lending. They lend in many states, are a bank partner to many fintech companies, and have a very broad array of business financing products.

They have transparent pricing and flexible terms. Celtic is a must-see for any entrepreneur looking for business lending.

Business financing options offered:

  • SBA 7(a) Loans

  • SBA 504 Loans

  • Celtic Express Loans

  • Small Business Construction Financing

  • Asset-Based Lending

  • Equipment Leasing & Financing

  • Renewable Energy and Sustainable Infrastructure

  • Commercial Construction Financing

  • Finance a Business Acquisition

  • Working Capital SBA Loans at Celtic Bank

  • Refinance Expensive Business Debt

  • USDA Rural Development Loans

  • Finance a Partner Buyout

  • Commercial Real Estate Financing

How to apply for a small business loan in Georgia 

Getting your small business funded doesn't have to be overwhelming, regardless of how many steps may be involved. Let the leading business guides at Credit Suite help you along the way!