3,649 SBA loans worth $2.2B went to South Carolina businesses between October 2021 and June 2026, from 191 lenders. TD Bank made the most 7(a) loans, 550 or 16% of the state's total, and the ten most active lenders made 57%. The median 7(a) loan was $244,000, above the national median of $158,000. Restaurants and hotels was the most financed industry, at 16% of loans. Annual loan count rose 37% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 550 | $91.1M | $35,000 | 39% | Construction |
| 2 | Huntington National Bank Bank · Columbus, OH | 271 | $109.7M | $250,000 | 63% | Restaurants and hotels |
| 3 | Wells Fargo Bank Bank · Sioux Falls, SD | 198 | $30.9M | $15,000 | 91% | Transportation and warehousing |
| 4 | Newtek Bank Bank · Miami, FL | 173 | $71.1M | $200,000 | 20% | Restaurants and hotels |
| 5 | Northeast Bank Bank · Portland, ME | 156 | $22.0M | $100,000 | 6% | Construction |
| 6 | Live Oak Banking Bank · Wilmington, NC | 145 | $159.8M | $500,000 | 26% | Construction |
| 7 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 128 | $42.0M | $57,000 | 23% | Construction |
| 8 | SouthState Bank Bank · Winter Haven, FL | 127 | $60.7M | $350,000 | 30% | Restaurants and hotels |
| 9 | Pinnacle Bank Bank · Nashville, TN | 117 | $117.0M | $525,000 | 50% | Restaurants and hotels |
| 10 | BayFirst National Bank Bank · St. Petersburg, FL | 113 | $20.9M | $150,000 | 4% | Construction |
| 11 | Countybank Bank · Greenwood, SC | 104 | $71.5M | $497,500 | 38% | Restaurants and hotels |
| 12 | United Midwest Savings Bank Bank · Degraff, OH | 92 | $25.0M | $150,000 | 91% | Construction |
| 13 | First-Citizens Bank & Trust Bank · Raleigh, NC | 71 | $76.3M | $550,000 | 34% | Construction |
| 14 | Celtic Bank Bank · Salt Lake City, UT | 63 | $29.7M | $150,000 | 21% | Retail |
| 15 | Bank of America Bank · Charlotte, NC | 58 | $33.7M | $330,200 | 19% | Professional and technical services |
| 16 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 53 | $21.3M | $150,000 | 26% | Retail |
| 17 | United Community Bank Bank · Greenville, SC | 48 | $42.0M | $602,500 | 52% | Restaurants and hotels |
| 18 | GBank Bank · Las Vegas, NV | 43 | $126.5M | $2,750,000 | 21% | Restaurants and hotels |
| 19 | First Bank Bank · Southern Pines, NC | 37 | $39.8M | $691,000 | 35% | Retail |
| 20 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 35 | $8.3M | $190,000 | 0% | Transportation and warehousing |
| 21 | Citizens Bank Bank · Elizabethton, TN | 34 | $25.1M | $507,500 | 59% | Retail |
| 22 | First Bank of the Lake Bank · Osage Beach, MO | 27 | $23.7M | $395,000 | 74% | Health care and social assistance |
| 23 | Harvest Small Business Finance Non-bank lender · Laguna Hills, CA | 26 | $25.5M | $851,000 | 19% | Restaurants and hotels |
| 24 | TowneBank Bank · Portsmouth, VA | 26 | $18.0M | $480,000 | 54% | Restaurants and hotels |
| 25 | Bank of Oak Ridge Bank · Oak Ridge, NC | 25 | $34.4M | $790,900 | 52% | Arts, entertainment and recreation |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Provident Business Financial Services West Columbia, SC | 68 | $92.3M | $927,500 |
| 2 | Appalachian Development Greenville, SC | 62 | $71.2M | $751,000 |
| 3 | Certified Development Corporation of South Carolina Columbia, SC | 38 | $64.0M | $1,311,500 |
| 4 | CSRA Local Development Augusta, GA | 14 | $21.7M | $1,089,500 |
| 5 | Catawba Regional Development Rock Hill, SC | 13 | $11.4M | $800,000 |
| 6 | Business Expansion Funding Charlotte, NC | 9 | $16.0M | $1,817,000 |
| 7 | Carolina Business Capital Charlotte, NC | 1 | $3.8M | $3,834,000 |
| 8 | Chesapeake Business Finance Bethesda, MD | 1 | $4.6M | $4,622,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 592 | $513,000 | Huntington National Bank | |
| Construction | 460 | $151,500 | TD Bank | |
| Retail | 430 | $282,400 | TD Bank | |
| Other services (repair, personal care) | 362 | $251,500 | TD Bank | |
| Health care and social assistance | 346 | $287,000 | TD Bank | |
| Professional and technical services | 285 | $150,000 | TD Bank | |
| Administrative and support services | 248 | $150,000 | TD Bank | |
| Transportation and warehousing | 186 | $100,000 | TD Bank | |
| Manufacturing | 185 | $380,900 | TD Bank | |
| Arts, entertainment and recreation | 141 | $350,000 | Huntington National Bank | |
| Wholesale trade | 117 | $283,000 | TD Bank | |
| Real estate and rental | 114 | $251,000 | TD Bank |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Greenville | 323 | $175.2M | $274,000 | TD Bank |
| Charleston | 252 | $156.8M | $304,350 | Huntington National Bank |
| Columbia | 240 | $145.2M | $231,600 | TD Bank |
| Fort Mill | 184 | $100.1M | $250,000 | Huntington National Bank |
| Myrtle Beach | 178 | $112.1M | $253,750 | TD Bank |
| Summerville | 125 | $71.3M | $248,000 | Huntington National Bank |
| Mount Pleasant | 119 | $61.4M | $300,000 | Huntington National Bank |
| Spartanburg | 104 | $83.6M | $500,000 | Countybank |
| Rock Hill | 103 | $71.7M | $316,000 | Huntington National Bank |
| North Charleston | 93 | $66.0M | $300,000 | TD Bank |
| Lexington | 83 | $53.6M | $220,000 | TD Bank |
| Simpsonville | 80 | $38.5M | $115,000 | TD Bank |
| Hilton Head Island | 80 | $46.1M | $300,000 | TD Bank |
| Greer | 77 | $45.7M | $252,000 | TD Bank |
| Bluffton | 72 | $26.5M | $235,500 | TD Bank |
31 South Carolina cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.