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County20th of 99 in North Carolina by approvalsFIPS 37001
SBA loans in Alamance County, North Carolina
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 82 loans to businesses in Alamance County, North Carolina, in FY2021 to FY2025, worth $75.1M: 77 under 7(a) and 5 under 504.
That is 22.5 approvals per 1,000 business establishments (3,652 establishments in 2023), below the North Carolina figure of 28.5 and below the national 41.0.
It ranks 20th of 99 North Carolina counties with approvals. In FY2025 there were 25, up 39% on FY2024.
46 lenders had approvals here; the most active were TowneBank (5), The Huntington National Bank (5) and Citizens Bank (4). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Alamance County
By number of approvals to businesses in the county, FY2021–FY2025; 46 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TowneBankPortsmouth, VA | 5 | $9.4M | 6.1% | |
| 2 | The Huntington National BankColumbus, OH | 5 | $2.4M | 6.1% | |
| 3 | Citizens BankElizabethton, TN | 4 | $8.1M | 4.9% | |
| 4 | The Fidelity BankFuquay Varina, NC | 4 | $5.9M | 4.9% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 4 | $1.5M | 4.9% | |
| 6 | Northeast BankLewiston, ME | 4 | $403K | 4.9% | |
| 7 | United Community BankGreenville, SC | 3 | $6.4M | 3.7% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 3 | $2.9M | 3.7% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 3 | $2.5M | 3.7% | |
| 10 | 504 Capital CorporationChesapeake, VA · CDC | 2 | — | 2.4% | |
| 11 | First BankSouthern Pines, NC | 2 | — | 2.4% | |
| 12 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 2.4% | |
| 13 | First National Bank of PennsylvaniaGreenville, PA | 2 | — | 2.4% | |
| 14 | Business Expansion Funding CorporationCharlotte, NC · CDC | 2 | — | 2.4% | |
| 15 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 2.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 10 | 12.2% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 8.5% | |
| 3 | Gasoline StationsNAICS 4571 | 6 | 7.3% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 4 | 4.9% | |
| 5 | Traveler AccommodationNAICS 7211 | 3 | 3.7% | |
| 6 | General Rental CentersNAICS 5323 | 3 | 3.7% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.7% | |
| 8 | Gasoline StationsNAICS 4471 | 3 | 3.7% | |
| 9 | Support Activities for Road TransportationNAICS 4884 | 2 | 2.4% | |
| 10 | Specialized Freight TruckingNAICS 4842 | 2 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 16 | 19.5% | |
| 2 | Accommodation and Food Services | 13 | 15.9% | |
| 3 | Manufacturing | 8 | 9.8% | |
| 4 | Arts, Entertainment, and Recreation | 7 | 8.5% | |
| 5 | Transportation and Warehousing | 6 | 7.3% | |
| 6 | Health Care and Social Assistance | 6 | 7.3% | |
| 7 | Construction | 6 | 7.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 5 | 6.1% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 13 | $5.3M | $300K | 1 | — | 14 | 161 |
| FY2025 | 23 | $10.2M | $295K | 2 | — | 25 | 326 |
| FY2024 | 17 | $13.9M | $500K | 1 | — | 18 | 236 |
| FY2023 | 11 | $14.4M | $720K | 0 | — | 11 | 52 |
| FY2022 | 15 | $17.8M | $581K | 2 | — | 17 | 293 |
| FY2021 | 11 | $10.0M | $400K | 0 | — | 11 | 146 |
| FY2020 | 11 | $11.7M | $622K | 1 | — | 12 | 142 |
| FY2019 | 12 | $5.1M | $290K | 0 | — | 12 | 136 |
| FY2018 | 15 | $10.8M | $300K | 0 | — | 15 | 186 |
| FY2017 | 16 | $14.3M | $403K | 1 | — | 17 | 358 |
| FY2016 | 19 | $8.9M | $282K | 0 | — | 19 | 156 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 75 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Alamance County | North Carolina | United States |
|---|---|---|---|
| Approvals | 82 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 22.5 | 28.5 | 41.0 |
| Median 7(a) approval | $400K | $326K | $190K |
| Median 504 approval | $1.6M | $753K | $657K |
| Average approval | $916K | $731K | $573K |
| 504 share of approvals | 6.1% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 12.8 | 12.2 | 10.5 |
| Share of state approvals | 1.1% | 100.0% | — |
Approval sizes
- $50,000 or less7.3%6
- $50,001 to $150,00017.1%14
- $150,001 to $350,00019.5%16
- $350,001 to $1 million28.0%23
- $1 million to $2 million13.4%11
- Over $2 million14.6%12
Age of the businesses
- Existing, more than 2 years old40.2%33
- New business, 2 years or less15.9%13
- Startup, loan funds will open the business24.4%20
- Change of ownership19.5%16
Questions and answers
Which lenders make the most SBA loans in Alamance County?
By approvals in FY2021 to FY2025: TowneBank (5), The Huntington National Bank (5), Citizens Bank (4), The Fidelity Bank (4), BayFirst National Bank (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Alamance County?
The median 7(a) approval was $400K and the median 504 approval $1.6M; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Alamance County?
Restaurants and Other Eating Places (10); Other Amusement and Recreation Industries (7); Gasoline Stations (6); Offices of Other Health Practitioners (4); Traveler Accommodation (3).
Is SBA lending in Alamance County rising?
Approvals in the three latest complete fiscal years total 54, against 40 in the three before: rising (+35%).
How does Alamance County compare with the rest of North Carolina?
22.5 approvals per 1,000 establishments against 28.5 statewide, and 82 of the state's 7,353 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error