Bank · Covington, LA
American Bank (Covington, LA)
Made 31 SBA 7(a) change-of-ownership loans totaling $47.9M in FY2024 to FY2026: #112 of 1,054 lenders by loans and #88 by dollars. Lends in 8 states. Part of American Bancshares Inc.
#112by loans, FY24–26
31loans
$47.9Mapproved
$1.1Mmedian loan
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 10 | $9.4M | $858K | 0.2% |
| FY2025 | 3 | $5.8M | $1.7M | 0.0% |
| FY2026 | 18 | $32.7M | $1.8M | 0.3% |
Loan size
Deal size mix
55% of its loans were $1M or more.
- Under $350K5 loans · 16% · $1.3M
- $350K to $1M9 loans · 29% · $7.2M
- $1M to $2M8 loans · 26% · $12.7M
- $2M to $5M9 loans · 29% · $26.8M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Accommodation & Food Services | 10 | $21.5M |
| Health Care & Social Assistance | 5 | $7.0M |
| Retail Trade | 4 | $5.4M |
| Construction | 3 | $5.0M |
| Other Services | 3 | $1.8M |
| Finance & Insurance | 2 | $1.4M |
| Arts, Entertainment & Recreation | 2 | $2.1M |
| Real Estate & Rental & Leasing | 1 | $1.9M |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Louisiana | 19 | $20.0M |
| Mississippi | 4 | $8.2M |
| Tennessee | 2 | $4.1M |
| Arkansas | 2 | $5.4M |
| Georgia | 1 | $3.4M |
| Florida | 1 | $1.8M |
| Texas | 1 | $3.8M |
| Virginia | 1 | $1.1M |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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