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County17th of 99 in North Carolina by approvalsFIPS 37019
SBA loans in Brunswick 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 91 loans to businesses in Brunswick County, North Carolina, in FY2021 to FY2025, worth $63.9M: 86 under 7(a) and 5 under 504.
That is 29.4 approvals per 1,000 business establishments (3,093 establishments in 2023), close to the North Carolina figure of 28.5 and below the national 41.0.
It ranks 17th of 99 North Carolina counties with approvals. In FY2025 there were 19, about level with FY2024.
40 lenders had approvals here; the most active were The Huntington National Bank (8), Wells Fargo Bank National Association (7) and Live Oak Banking Company (5). 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 Brunswick County
By number of approvals to businesses in the county, FY2021–FY2025; 40 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 8 | $8.3M | 8.8% | |
| 2 | Wells Fargo Bank National AssociationSioux Falls, SD | 7 | $3.3M | 7.7% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 5 | $7.1M | 5.5% | |
| 4 | The Bancorp Bank National AssociationSioux Falls, SD | 5 | $3.2M | 5.5% | |
| 5 | Business Expansion Funding CorporationCharlotte, NC · CDC | 5 | $3.1M | 5.5% | |
| 6 | First-Citizens Bank & Trust CompanyRaleigh, NC | 5 | $1.8M | 5.5% | |
| 7 | Citizens BankElizabethton, TN | 4 | $5.5M | 4.4% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $3.4M | 4.4% | |
| 9 | TD Bank, National AssociationWilmington, DE | 4 | $365K | 4.4% | |
| 10 | Bank of Oak RidgeOak Ridge, NC | 3 | $3.7M | 3.3% | |
| 11 | Pinnacle BankNashville, TN | 3 | $3.1M | 3.3% | |
| 12 | First BankSouthern Pines, NC | 3 | $1.4M | 3.3% | |
| 13 | Northeast BankLewiston, ME | 3 | $427K | 3.3% | |
| 14 | TowneBankPortsmouth, VA | 2 | — | 2.2% | |
| 15 | PNC Bank, National AssociationWilmington, DE | 2 | — | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 18 | 19.8% | |
| 2 | Lessors of Real EstateNAICS 5311 | 5 | 5.5% | |
| 3 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 5 | 5.5% | |
| 4 | Residential Building ConstructionNAICS 2361 | 4 | 4.4% | |
| 5 | Household and Institutional Furniture and Kitchen Cabinet ManufacturingNAICS 3371 | 3 | 3.3% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 3 | 3.3% | |
| 7 | Specialty Food StoresNAICS 4452 | 3 | 3.3% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 3 | 3.3% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.3% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 21 | 23.1% | |
| 2 | Retail Trade | 14 | 15.4% | |
| 3 | Construction | 11 | 12.1% | |
| 4 | Professional, Scientific, and Technical Services | 10 | 11.0% | |
| 5 | Other Services (except Public Administration) | 7 | 7.7% | |
| 6 | Manufacturing | 6 | 6.6% | |
| 7 | Health Care and Social Assistance | 6 | 6.6% | |
| 8 | Real Estate and Rental and Leasing | 5 | 5.5% |
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* | 14 | $14.4M | $163K | 0 | — | 14 | 177 |
| FY2025 | 18 | $15.3M | $381K | 1 | — | 19 | 121 |
| FY2024 | 19 | $10.2M | $243K | 1 | — | 20 | 243 |
| FY2023 | 20 | $10.6M | $218K | 0 | — | 20 | 111 |
| FY2022 | 14 | $11.6M | $450K | 1 | — | 15 | 200 |
| FY2021 | 15 | $13.1M | $418K | 2 | — | 17 | 142 |
| FY2020 | 15 | $6.5M | $330K | 3 | $3.8M | 18 | 185 |
| FY2019 | 6 | $3.4M | $310K | 2 | — | 8 | 132 |
| FY2018 | 10 | $4.2M | $138K | 1 | — | 11 | 120 |
| FY2017 | 17 | $17.0M | $542K | 1 | — | 18 | 302 |
| FY2016 | 18 | $7.3M | $290K | 0 | — | 18 | 105 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 73 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Brunswick County | North Carolina | United States |
|---|---|---|---|
| Approvals | 91 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 29.4 | 28.5 | 41.0 |
| Median 7(a) approval | $332K | $326K | $190K |
| Median 504 approval | $367K | $753K | $657K |
| Average approval | $703K | $731K | $573K |
| 504 share of approvals | 5.5% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 9.0 | 12.2 | 10.5 |
| Share of state approvals | 1.2% | 100.0% | — |
Approval sizes
- $50,000 or less18.7%17
- $50,001 to $150,00016.5%15
- $150,001 to $350,00018.7%17
- $350,001 to $1 million28.6%26
- $1 million to $2 million7.7%7
- Over $2 million9.9%9
Age of the businesses
- Existing, more than 2 years old34.1%31
- New business, 2 years or less16.5%15
- Startup, loan funds will open the business31.9%29
- Change of ownership17.6%16
Questions and answers
Which lenders make the most SBA loans in Brunswick County?
By approvals in FY2021 to FY2025: The Huntington National Bank (8), Wells Fargo Bank National Association (7), Live Oak Banking Company (5), The Bancorp Bank National Association (5), Business Expansion Funding Corporation (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Brunswick County?
The median 7(a) approval was $332K and the median 504 approval $367K; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Brunswick County?
Restaurants and Other Eating Places (18); Lessors of Real Estate (5); Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5); Residential Building Construction (4); Household and Institutional Furniture and Kitchen Cabinet Manufacturing (3).
Is SBA lending in Brunswick County rising?
Approvals in the three latest complete fiscal years total 59, against 50 in the three before: rising (+18%).
How does Brunswick County compare with the rest of North Carolina?
29.4 approvals per 1,000 establishments against 28.5 statewide, and 91 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