69 SBA loans worth $42.8M went to businesses in Covington, LA between October 2021 and June 2026, from 31 lenders. American Bank made the most, 26 loans. The median loan was $256,000, compared with $247,250 across Louisiana, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | American Bank Bank · Covington, LA | 26 | $14.4M | $258,000 | 42% |
| 2 | Northeast Bank Bank · Portland, ME | 6 | $726K | $38,150 | 0% |
| 3 | Fidelity Bank Bank · New Orleans, LA | 3 | $1.1M | $90,800 | 0% |
| 4 | KeyBank Bank · Cleveland, OH | 2 | $6.7M | $3,330,200 | 100% |
| 5 | Huntington National Bank Bank · Columbus, OH | 2 | $1.3M | $630,750 | 100% |
| 6 | Hancock Whitney Bank Bank · Gulfport, MS | 2 | $496K | $248,000 | 100% |
| 7 | Regions Bank Bank · Birmingham, AL | 2 | $443K | $221,600 | 0% |
| 8 | Red River Bank Bank · Alexandria, LA | 2 | $425K | $212,500 | 50% |
| 9 | Newtek Bank Bank · Miami, FL | 2 | $250K | $125,000 | 0% |
| 10 | Pathward Bank · Sioux Falls, SD | 1 | $3.6M | $3,630,300 | 100% |
| 11 | JEDCO Development Certified development company · Avondale, LA | 1 | $2.9M | $2,903,000 | 0% |
| 12 | Peoples Bank Bank · Mendenhall, MS | 1 | $1.9M | $1,874,000 | 100% |
| 13 | T Bank Bank · Dallas, TX | 1 | $1.5M | $1,505,600 | 100% |
| 14 | New Orleans Regional Business Development Loan Certified development company · New Orleans, LA | 1 | $986K | $986,000 | 0% |
| 15 | Live Oak Banking Bank · Wilmington, NC | 1 | $700K | $700,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 21 | $200,000 | American Bank | |
| Restaurants and hotels | 11 | $414,700 | American Bank | |
| Health care and social assistance | 8 | $413,000 | Northeast Bank | |
| Arts, entertainment and recreation | 6 | $424,500 | KeyBank | |
| Other services (repair, personal care) | 5 | $396,000 | American Bank | |
| Professional and technical services | 4 | $162,500 | Northeast Bank | |
| Transportation and warehousing | 3 | $1,161,500 | Huntington National Bank | |
| Retail | 3 | $200,000 | American Bank |