82 SBA loans worth $41.9M went to businesses in Wake Forest, NC between October 2021 and June 2026, from 40 lenders. Huntington National Bank made the most, 8 loans. The median loan was $350,000, compared with $311,750 across North Carolina, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 8 | $2.9M | $388,000 | 88% |
| 2 | Newtek Bank Bank · Miami, FL | 7 | $7.0M | $275,000 | 29% |
| 3 | Fidelity Bank Bank · Fuquay Varina, NC | 4 | $2.4M | $621,000 | 50% |
| 4 | Celtic Bank Bank · Salt Lake City, UT | 4 | $453K | $150,000 | 0% |
| 5 | North State Bank Bank · Raleigh, NC | 3 | $3.8M | $1,162,000 | 33% |
| 6 | Live Oak Banking Bank · Wilmington, NC | 3 | $2.4M | $1,000,000 | 67% |
| 7 | Citizens Bank Bank · Elizabethton, TN | 3 | $2.2M | $600,000 | 100% |
| 8 | Gulf Coast Bank and Trust Bank · New Orleans, LA | 3 | $1.3M | $414,800 | 100% |
| 9 | Business Expansion Funding Certified development company · Charlotte, NC | 3 | $859K | $251,000 | 33% |
| 10 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 3 | $440K | $150,000 | 0% |
| 11 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 3 | $204K | $50,000 | 0% |
| 12 | Wells Fargo Bank Bank · Sioux Falls, SD | 3 | $45K | $15,000 | 100% |
| 13 | TowneBank Bank · Portsmouth, VA | 2 | $1.4M | $717,650 | 100% |
| 14 | Bank of Oak Ridge Bank · Oak Ridge, NC | 2 | $1.4M | $696,750 | 100% |
| 15 | ConnectOne Bank Bank · Englewood Cliffs, NJ | 2 | $965K | $482,500 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 21 | $500,000 | Huntington National Bank | |
| Construction | 9 | $150,000 | Coastal Federal Credit Union | |
| Professional and technical services | 8 | $250,000 | Newtek Bank | |
| Arts, entertainment and recreation | 7 | $475,500 | Huntington National Bank | |
| Other services (repair, personal care) | 5 | $740,000 | First Commonwealth Bank | |
| Retail | 5 | $251,000 | Business Expansion Funding | |
| Administrative and support services | 5 | $206,000 | Grasshopper Bank | |
| Health care and social assistance | 5 | $640,000 | Banesco USA |