78 SBA loans worth $54.7M went to businesses in Monroe, NC between October 2021 and June 2026, from 34 lenders. Live Oak Banking made the most, 6 loans. The median loan was $319,000, compared with $311,750 across North Carolina, and manufacturing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Bank · Wilmington, NC | 6 | $9.9M | $1,137,500 | 33% |
| 2 | Northeast Bank Bank · Portland, ME | 6 | $1.2M | $110,350 | 17% |
| 3 | Wells Fargo Bank Bank · Sioux Falls, SD | 6 | $400K | $15,000 | 100% |
| 4 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 5 | $2.5M | $206,000 | 20% |
| 5 | Business Expansion Funding Certified development company · Charlotte, NC | 4 | $5.4M | $687,500 | 0% |
| 6 | Newtek Bank Bank · Miami, FL | 4 | $3.5M | $187,500 | 0% |
| 7 | First-Citizens Bank & Trust Bank · Raleigh, NC | 4 | $3.1M | $502,500 | 0% |
| 8 | Fifth Third Bank Bank · Cincinnati, OH | 4 | $1.4M | $200,000 | 25% |
| 9 | BayFirst National Bank Bank · St. Petersburg, FL | 4 | $710K | $150,000 | 0% |
| 10 | Pinnacle Bank Bank · Nashville, TN | 3 | $2.4M | $518,000 | 67% |
| 11 | Bank of America Bank · Charlotte, NC | 3 | $1.9M | $342,000 | 0% |
| 12 | Huntington National Bank Bank · Columbus, OH | 3 | $1.2M | $350,000 | 0% |
| 13 | Truliant FCU Credit union · Winston-Salem, NC | 2 | $964K | $481,850 | 50% |
| 14 | HomeTrust Bank Bank · Asheville, NC | 2 | $916K | $458,000 | 100% |
| 15 | United Midwest Savings Bank Bank · Degraff, OH | 2 | $300K | $150,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Manufacturing | 14 | $378,000 | Live Oak Banking | |
| Retail | 12 | $189,500 | Huntington National Bank | |
| Professional and technical services | 9 | $182,700 | BayFirst National Bank | |
| Other services (repair, personal care) | 8 | $458,000 | HomeTrust Bank | |
| Construction | 6 | $248,000 | Fifth Third Bank | |
| Wholesale trade | 6 | $377,500 | First-Citizens Bank & Trust | |
| Health care and social assistance | 6 | $1,104,300 | Truliant FCU | |
| Transportation and warehousing | 5 | $254,000 | Northeast Bank |