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County36th of 99 in North Carolina by approvalsFIPS 37023
SBA loans in Burke 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.
Businesses in Burke County, North Carolina, received 44 SBA loan approvals worth $36.6M in FY2021 to FY2025 (44 7(a), 0 504).
That is 28.6 approvals per 1,000 business establishments (1,540 establishments in 2023), close to the North Carolina figure of 28.5 and below the national 41.0.
It ranks 36th of 99 North Carolina counties with approvals. In FY2025 there were 13.
24 lenders had approvals here; the most active were Live Oak Banking Company (5), TD Bank, National Association (5) and Wells Fargo Bank National Association (5). The most common industry was traveler accommodation.
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 Burke County
By number of approvals to businesses in the county, FY2021–FY2025; 24 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 5 | $6.8M | 11.4% | |
| 2 | TD Bank, National AssociationWilmington, DE | 5 | $1.6M | 11.4% | |
| 3 | Wells Fargo Bank National AssociationSioux Falls, SD | 5 | $90K | 11.4% | |
| 4 | GBankLas Vegas, NV | 3 | $8.2M | 6.8% | |
| 5 | First Community BankBluefield, VA | 3 | $2.7M | 6.8% | |
| 6 | HomeTrust BankAsheville, NC | 2 | — | 4.5% | |
| 7 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 4.5% | |
| 8 | Mountain Bizcapital, Inc.Asheville, NC | 2 | — | 4.5% | |
| 9 | The Huntington National BankColumbus, OH | 2 | — | 4.5% | |
| 10 | First Horizon BankMemphis, TN | 1 | — | 2.3% | |
| 11 | Pinnacle BankNashville, TN | 1 | — | 2.3% | |
| 12 | Heritage Bank IncBurlington, KY | 1 | — | 2.3% | |
| 13 | Metro City BankDoraville, GA | 1 | — | 2.3% | |
| 14 | First Merchants BankIndianapolis, IN | 1 | — | 2.3% | |
| 15 | First Financial BankEl Dorado, AR | 1 | — | 2.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 3 | 6.8% | |
| 2 | Lessors of Real EstateNAICS 5311 | 3 | 6.8% | |
| 3 | Gasoline StationsNAICS 4571 | 3 | 6.8% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 6.8% | |
| 5 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 2 | 4.5% | |
| 6 | Support Activities for Road TransportationNAICS 4884 | 2 | 4.5% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 4.5% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 2 | 4.5% | |
| 9 | Utility System ConstructionNAICS 2371 | 2 | 4.5% | |
| 10 | Residential Building ConstructionNAICS 2361 | 2 | 4.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 8 | 18.2% | |
| 2 | Accommodation and Food Services | 7 | 15.9% | |
| 3 | Retail Trade | 6 | 13.6% | |
| 4 | Health Care and Social Assistance | 4 | 9.1% | |
| 5 | Transportation and Warehousing | 4 | 9.1% | |
| 6 | Real Estate and Rental and Leasing | 3 | 6.8% | |
| 7 | Manufacturing | 3 | 6.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 3 | 6.8% |
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* | 4 | $3.5M | $698K | 1 | — | 5 | 35 |
| FY2025 | 13 | $12.1M | $766K | 0 | — | 13 | 51 |
| FY2024 | 9 | $7.4M | $330K | 0 | — | 9 | 168 |
| FY2023 | 11 | $5.6M | $100K | 0 | — | 11 | 73 |
| FY2022 | 7 | $9.8M | $1.1M | 0 | — | 7 | 77 |
| FY2021 | 4 | $1.8M | $457K | 0 | — | 4 | 49 |
| FY2020 | 1 | — | — | 0 | — | 1 | 5 |
| FY2019 | 8 | $8.4M | $878K | 0 | — | 8 | 35 |
| FY2018 | 7 | $5.5M | $52K | 0 | — | 7 | 202 |
| FY2017 | 8 | $6.7M | $803K | 0 | — | 8 | 144 |
| FY2016 | 8 | $2.4M | $100K | 0 | — | 8 | 32 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 32 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Burke County | North Carolina | United States |
|---|---|---|---|
| Approvals | 44 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 28.6 | 28.5 | 41.0 |
| Median 7(a) approval | $442K | $326K | $190K |
| Median 504 approval | — | $753K | $657K |
| Average approval | $833K | $731K | $573K |
| 504 share of approvals | 0.0% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 9.5 | 12.2 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less20.5%9
- $50,001 to $150,00011.4%5
- $150,001 to $350,00013.6%6
- $350,001 to $1 million27.3%12
- $1 million to $2 million15.9%7
- Over $2 million11.4%5
Age of the businesses
- Existing, more than 2 years old36.4%16
- New business, 2 years or less38.6%17
- Startup, loan funds will open the business4.5%2
- Change of ownership20.5%9
Questions and answers
Which lenders make the most SBA loans in Burke County?
By approvals in FY2021 to FY2025: Live Oak Banking Company (5), TD Bank, National Association (5), Wells Fargo Bank National Association (5), GBank (3), First Community Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Burke County?
The median 7(a) approval was $442K; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Burke County?
Traveler Accommodation (3); Lessors of Real Estate (3); Gasoline Stations (3); Restaurants and Other Eating Places (3); Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (2).
Is SBA lending in Burke County rising?
Approvals in the three latest complete fiscal years total 33, against 12 in the three before: rising (+175%).
How does Burke County compare with the rest of North Carolina?
28.6 approvals per 1,000 establishments against 28.5 statewide, and 44 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