TowneBank approved 883 SBA loans worth $788.6M between October 2021 and June 2026, ranking #50 of 2,283 SBA lenders nationally by loan count. Its median loan was $651,000, and 47% went to startups or businesses under two years old. It lent in 44 states, most often in North Carolina, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| North Carolina | 181 | $192.0M | $780,000 | #10 |
| Florida | 135 | $111.3M | $556,000 | #31 |
| Texas | 85 | $77.8M | $650,000 | #55 |
| Virginia | 53 | $37.2M | $425,000 | #27 |
| California | 42 | $36.8M | $643,000 | #99 |
| New Jersey | 33 | $22.7M | $427,300 | #46 |
| Georgia | 32 | $36.9M | $921,200 | #61 |
| New York | 30 | $26.7M | $585,750 | #64 |
| Michigan | 29 | $23.3M | $513,400 | #43 |
| South Carolina | 26 | $18.0M | $480,000 | #26 |
| Pennsylvania | 24 | $20.3M | $757,850 | #59 |
| Illinois | 21 | $25.8M | $845,000 | #67 |
| Massachusetts | 19 | $11.2M | $523,500 | #53 |
| Arizona | 19 | $12.6M | $631,000 | #52 |
| Colorado | 15 | $16.6M | $810,000 | #73 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 168 | $653,850 | |
| Other services (repair, personal care) | 104 | $618,800 | |
| Construction | 100 | $699,500 | |
| Retail | 90 | $647,500 | |
| Manufacturing | 84 | $642,100 | |
| Health care and social assistance | 84 | $652,600 | |
| Professional and technical services | 51 | $659,700 | |
| Arts, entertainment and recreation | 46 | $702,200 | |
| Administrative and support services | 45 | $609,200 | |
| Wholesale trade | 37 | $654,200 |