Lenders approved 1,355 SBA 7(a) loans worth $819M for Louisiana businesses in fiscal years 2024 through 2026, net of cancellations. That ranks 32nd of 52 by number of loans and 29th by dollars. The median loan was $240K at a median starting rate of 10.25%. In FY2026 alone, lenders approved 439 Louisiana loans for $264M before cancellations.
What stands out in Louisiana
Few SBA Express loans
18.2% of Louisiana's 7(a) loans were made through SBA Express, against 35.8% nationally. Express loans are capped at $500,000 and the lender makes the credit decision itself, so they move faster but are smaller. More Louisiana loans go through standard 7(a) processing, which takes longer but allows amounts up to $5 million.
Light use of SBA 504
Louisiana had 55 SBA 504 loans, 0.04 for every 7(a) loan, against 0.10 nationally. The 504 program finances owner-occupied real estate and long-life equipment through a certified development company; in Louisiana the most active was Louisiana Capital Certified Development Company, Inc. (17 loans).
More startup lending
Loans to open a new business made up 22.3% of Louisiana's 7(a) loans, against 16.1% nationally; counting businesses two years old or younger, the share is 33.0%.
Bigger loans than average
The median 7(a) loan in Louisiana was $240K, above the national median of $175K. 42.1% of Louisiana loans were $150,000 or less (49.0% nationally) and 16.7% were $1 million or more (13.6% nationally). Business purchases (12.5% of Louisiana loans) and franchises (12.5%) are two of the usual drivers of bigger tickets.
What a typical Louisiana SBA loan looks like
| FY2024-FY2026, not cancelled | Louisiana | United States |
|---|---|---|
| Median loan | $240K | $175K |
| Average loan | $604K | $508K |
| Median starting rate | 10.25% | 10.25% |
| Variable-rate loans | 91.1% | 86.4% |
| Median term | 120 months | 120 months |
| Loans of $150K or less | 42.1% | 49.0% |
| Loans of $500K or less | 73.1% | 76.9% |
| Loans of $1M or more | 16.7% | 13.6% |
| Startups (loan opens the business) | 22.3% | 16.1% |
| Startups and businesses 2 years old or less | 33.0% | 32.0% |
| Change of ownership (buying a business) | 12.5% | 10.9% |
| Franchise businesses | 12.5% | 11.0% |
| SBA Express loans | 18.2% | 35.8% |
| Jobs supported (reported at approval) | 15,445 | 1,733,816 |
SBA 504 loans in Louisiana
The SBA 504 program finances owner-occupied real estate and long-life equipment. A certified development company (CDC) lends up to 40% of the project with an SBA-backed debenture, a bank typically lends about 50%, and the business puts in the rest. The amounts below are the CDC portion.
| Louisiana | United States | |
|---|---|---|
| 504 loans, FY2024-FY2026 (not cancelled) | 55 | 18,076 |
| 504 dollars | $82.7M | $20.82B |
| Median 504 loan | $986K | $742K |
| Jobs supported (reported at approval) | 901 | 190,338 |
| Most active CDCs | 504 loans |
|---|---|
| Louisiana Capital Certified Development Company, Inc. | 17 |
| Jedco Development Corporation | 15 |
| Community Certified Development Corporation | 13 |
Louisiana SBA 7(a) loans by fiscal year
SBA fiscal years run October to September, so FY2026 covers October 2025 through September 2026. "Approved" counts every loan SBA guaranteed, the basis of SBA's own published totals; "not cancelled" drops loans that were later cancelled before or after funding. FY2026 loans are recent, so some of them may still be cancelled.
| FY2024 | FY2025 | FY2026 | |
|---|---|---|---|
| Loans approved | 579 | 624 | 439 |
| Dollars approved | $334M | $349M | $264M |
| Loans not cancelled | 511 | 475 | 369 |
| Median loan | $185K | $250K | $300K |
| Median rate | 11.25% | 10.25% | 9.50% |
| Loans of $150K or less | 47.7% | 39.8% | 37.1% |
| SBA Express share | 21.5% | 14.5% | 18.2% |
FY2026 approvals in Louisiana changed by −29.6% from FY2025; nationally the change was −28.1%. See why SBA lending fell in FY2026.
Top SBA 7(a) lenders in Louisiana
| Lender | Loans | Share of state |
|---|---|---|
| 1. Newtek Bank, National Association | 139 | 10.3% |
| 2. American Bank | 99 | 7.3% |
| 3. Hancock Whitney Bank | 92 | 6.8% |
| 4. Northeast Bank | 86 | 6.3% |
| 5. Readycap Lending, LLC | 85 | 6.3% |
| 6. The Huntington National Bank | 64 | 4.7% |
| 7. JPMorgan Chase Bank, National Association | 57 | 4.2% |
| 8. Live Oak Banking Company | 52 | 3.8% |
| 9. b1BANK | 50 | 3.7% |
| 10. BayFirst National Bank | 31 | 2.3% |
Industries that borrow most in Louisiana
| Sector | Loans | Share | Median loan | Median rate |
|---|---|---|---|---|
| Construction | 197 | 14.5% | $200K | 10.75% |
| Restaurants and hotels | 192 | 14.2% | $357K | 10.00% |
| Health care | 173 | 12.8% | $250K | 10.25% |
| Retail | 153 | 11.3% | $200K | 10.50% |
| Professional services | 129 | 9.5% | $175K | 10.25% |
| Other services (repair, personal care) | 118 | 8.7% | $150K | 10.50% |
| Administrative and support services | 64 | 4.7% | $150K | 10.50% |
| Manufacturing | 55 | 4.1% | $350K | 10.25% |
Where in Louisiana the loans go
| County | Loans |
|---|---|
| East Baton Rouge | 175 |
| Jefferson | 170 |
| Orleans | 152 |
| Saint Tammany | 148 |
| Lafayette | 114 |
| Caddo | 69 |
| Ascension | 59 |
| Calcasieu | 50 |
| City | Loans |
|---|---|
| New Orleans | 166 |
| Baton Rouge | 164 |
| Metairie | 74 |
| Lafayette | 70 |
| Shreveport | 67 |
| Covington | 44 |
| Mandeville | 40 |
| Lake Charles | 38 |
Counts only, and only places with at least 10 loans. No individual businesses are listed.
How older loans performed
Of the 572 SBA 7(a) loans approved for Louisiana businesses in FY2020 and FY2021 (not cancelled), 28 had been charged off by September 30, 2026: 4.9% by count and 1.5% of dollars approved. The national figures are 3.7% and 1.0%. Loans from these years have had five to seven years to season, so they say more about losses than recent loans do.
SBA district office for Louisiana
Louisiana loans are overseen by the SBA Louisiana District Office. District offices do not make loans; they support lenders and borrowers and point businesses to local resource partners. Contact details are on SBA's local assistance page.
Comparing SBA and other funding in Louisiana
An SBA loan is often the cheapest long-term money a small business can get, but approval takes weeks and the 2025 and 2026 rule changes narrowed who qualifies. FSE (Funding Solutions Experts) is an independent commercial finance brokerage. We are not an SBA lender and are not affiliated with the U.S. Small Business Administration; one application lets us compare SBA and non-SBA options from our funding partners side by side.
- No fee to your business: we are paid a commission by the funding partner.
- No credit check to apply.
- To be considered, a business generally needs at least 1 year in business and $10,000 or more in monthly revenue.
Read what an SBA loan is and how the programs work or our SBA and term loans guide.
Frequently asked questions
How many SBA loans were made in Louisiana?
Lenders approved 579 SBA 7(a) loans for Louisiana businesses in FY2024, 624 in FY2025 and 439 in FY2026, before cancellations. Net of cancelled loans, the three years total 1,355 loans worth $819M, plus 55 SBA 504 loans worth $82.7M.
Which banks make the most SBA loans in Louisiana?
In FY2024 to FY2026 the most active 7(a) lenders in Louisiana were Newtek Bank, National Association (139 loans, 10.3%), American Bank (99 loans, 7.3%), Hancock Whitney Bank (92 loans, 6.8%).
What is the typical SBA loan size and rate in Louisiana?
The median 7(a) loan in Louisiana was $240K and the average was $604K. The median starting interest rate was 10.25%, 91.1% of loans had a variable rate, and the median term was 120 months.
Source and method
Figures come from the U.S. Small Business Administration's 7(a) and 504 FOIA loan files (as of September 30, 2026), aggregated by FSE. Loans are assigned to Louisiana by project state. Profile figures cover FY2024-FY2026 loans that were not cancelled. We publish aggregates only: no borrower names or addresses, and no figure based on fewer than 10 loans. Full details are in the methodology, and every state's figures can be downloaded as CSV.
Compare nearby states by volume: New Hampshire, Kentucky, Oklahoma, Alabama, or see all states.