Southern Bank and Trust approved 28 SBA loans worth $9.0M between October 2021 and June 2026, ranking #740 of 2,283 SBA lenders nationally by loan count. Its median loan was $250,000, and 54% went to startups or businesses under two years old. It lent in 2 states, most often in North Carolina, and its most financed industry was health care and social assistance.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| North Carolina | 23 | $7.6M | $240,000 | #50 |
| Virginia | 5 | $1.4M | $275,000 | #105 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Health care and social assistance | 9 | $250,000 | |
| Administrative and support services | 4 | $253,000 | |
| Construction | 4 | $279,650 | |
| Manufacturing | 3 | $240,000 | |
| Other services (repair, personal care) | 3 | $100,000 | |
| Real estate and rental | 1 | $2,250,000 | |
| Restaurants and hotels | 1 | $300,000 | |
| Retail | 1 | $418,000 | |
| Transportation and warehousing | 1 | $76,800 | |
| Wholesale trade | 1 | $195,300 |