7,232 SBA loans worth $5.0B went to North Carolina businesses between October 2021 and June 2026, from 223 lenders. Huntington National Bank made the most 7(a) loans, 553 or 8% of the state's total, and the ten most active lenders made 48%. The median 7(a) loan was $299,350, above the national median of $158,000. Restaurants and hotels was the most financed industry, at 16% of loans. Annual loan count rose 45% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 553 | $218.0M | $241,000 | 71% | Restaurants and hotels |
| 2 | Live Oak Banking Bank · Wilmington, NC | 474 | $562.7M | $617,500 | 28% | Professional and technical services |
| 3 | Northeast Bank Bank · Portland, ME | 427 | $61.4M | $110,000 | 12% | Construction |
| 4 | Wells Fargo Bank Bank · Sioux Falls, SD | 392 | $68.7M | $15,000 | 87% | Other services (repair, personal care) |
| 5 | Newtek Bank Bank · Miami, FL | 349 | $150.0M | $200,000 | 18% | Professional and technical services |
| 6 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 297 | $81.7M | $50,000 | 16% | Professional and technical services |
| 7 | TD Bank Bank · Wilmington, DE | 208 | $50.3M | $50,000 | 44% | Construction |
| 8 | Pinnacle Bank Bank · Nashville, TN | 191 | $212.5M | $678,000 | 56% | Construction |
| 9 | TowneBank Bank · Portsmouth, VA | 181 | $192.0M | $780,000 | 57% | Restaurants and hotels |
| 10 | BayFirst National Bank Bank · St. Petersburg, FL | 177 | $28.0M | $150,000 | 2% | Construction |
| 11 | United Midwest Savings Bank Bank · Degraff, OH | 162 | $52.8M | $150,000 | 83% | Construction |
| 12 | Celtic Bank Bank · Salt Lake City, UT | 144 | $62.9M | $150,000 | 21% | Retail |
| 13 | Bank of America Bank · Charlotte, NC | 139 | $66.9M | $342,000 | 12% | Construction |
| 14 | First Bank Bank · Southern Pines, NC | 126 | $113.4M | $632,100 | 25% | Construction |
| 15 | Bank of Oak Ridge Bank · Oak Ridge, NC | 125 | $108.6M | $528,400 | 58% | Restaurants and hotels |
| 16 | Fidelity Bank Bank · Fuquay Varina, NC | 119 | $116.3M | $709,000 | 41% | Restaurants and hotels |
| 17 | SouthState Bank Bank · Winter Haven, FL | 119 | $48.2M | $250,000 | 14% | Restaurants and hotels |
| 18 | First Community Bank Bank · Bluefield, VA | 118 | $53.6M | $246,700 | 38% | Transportation and warehousing |
| 19 | PNC Bank Bank · Wilmington, DE | 114 | $29.1M | $60,000 | 38% | Construction |
| 20 | U.S. Bank Bank · Cincinnati, OH | 97 | $30.3M | $50,000 | 37% | Professional and technical services |
| 21 | GBank Bank · Las Vegas, NV | 94 | $291.7M | $3,164,000 | 35% | Restaurants and hotels |
| 22 | First Bank of the Lake Bank · Osage Beach, MO | 93 | $54.3M | $350,000 | 73% | Construction |
| 23 | First National Bank of Pennsylvania Bank · Greenville, PA | 90 | $103.2M | $682,500 | 54% | Other services (repair, personal care) |
| 24 | HomeTrust Bank Bank · Asheville, NC | 81 | $86.4M | $799,200 | 60% | Restaurants and hotels |
| 25 | Citizens Bank Bank · Elizabethton, TN | 75 | $63.2M | $500,000 | 69% | Restaurants and hotels |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Business Expansion Funding Charlotte, NC | 263 | $334.6M | $871,000 |
| 2 | 504 Capital Chesapeake, VA | 65 | $83.3M | $943,000 |
| 3 | Carolina Business Capital Charlotte, NC | 63 | $78.0M | $984,000 |
| 4 | Provident Business Financial Services West Columbia, SC | 5 | $11.4M | $1,809,000 |
| 5 | Florida First Capital Finance Corporation Tallahassee, FL | 3 | $2.4M | $490,000 |
| 6 | Florida Business Development Tampa, FL | 3 | $6.9M | $1,131,000 |
| 7 | Certified Development Corporation of South Carolina Columbia, SC | 2 | $1.0M | $523,500 |
| 8 | Business Finance Group Fairfax, VA | 1 | $1.9M | $1,852,000 |
| 9 | Independent Development Services Fort Myers, FL | 1 | $5.0M | $4,987,000 |
| 10 | Michigan Certified Development East Lansing, MI | 1 | $1.5M | $1,541,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 1,173 | $521,400 | Huntington National Bank | |
| Construction | 888 | $250,000 | Northeast Bank | |
| Retail | 804 | $280,100 | Northeast Bank | |
| Other services (repair, personal care) | 724 | $300,000 | Huntington National Bank | |
| Health care and social assistance | 661 | $350,000 | Live Oak Banking | |
| Professional and technical services | 659 | $215,000 | Live Oak Banking | |
| Manufacturing | 462 | $350,000 | Business Expansion Funding | |
| Administrative and support services | 429 | $227,500 | Huntington National Bank | |
| Arts, entertainment and recreation | 332 | $459,500 | Huntington National Bank | |
| Transportation and warehousing | 318 | $150,000 | Wells Fargo Bank | |
| Wholesale trade | 224 | $294,550 | Bank of America | |
| Real estate and rental | 172 | $358,500 | Live Oak Banking |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Charlotte | 1,050 | $705.0M | $300,000 | Huntington National Bank |
| Raleigh | 533 | $359.0M | $304,000 | Huntington National Bank |
| Wilmington | 264 | $180.3M | $329,250 | Live Oak Banking |
| Greensboro | 227 | $169.5M | $355,000 | Bank of Oak Ridge |
| Durham | 227 | $176.4M | $318,400 | Northeast Bank |
| Cary | 180 | $115.7M | $260,000 | Huntington National Bank |
| Asheville | 176 | $115.9M | $250,000 | Mountain Bizcapital |
| Winston-Salem | 142 | $98.9M | $273,500 | Northeast Bank |
| Concord | 124 | $76.0M | $252,500 | Huntington National Bank |
| Mooresville | 121 | $97.2M | $389,000 | Pinnacle Bank |
| Fayetteville | 120 | $86.9M | $348,950 | Northeast Bank |
| Apex | 97 | $66.2M | $340,000 | Huntington National Bank |
| Matthews | 91 | $55.4M | $252,700 | Newtek Bank |
| High Point | 90 | $70.9M | $350,000 | Northeast Bank |
| Chapel Hill | 82 | $44.0M | $306,250 | Huntington National Bank |
54 North Carolina cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.