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County9th of 99 in North Carolina by approvalsFIPS 37025
SBA loans in Cabarrus 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 Cabarrus County, North Carolina, received 181 SBA loan approvals worth $104M in FY2021 to FY2025 (172 7(a), 9 504).
That is 34.3 approvals per 1,000 business establishments (5,279 establishments in 2023), above the North Carolina figure of 28.5 and below the national 41.0.
It ranks 9th of 99 North Carolina counties with approvals. In FY2025 there were 52, about level with FY2024.
47 lenders had approvals here; the most active were Pinnacle Bank (14), The Huntington National Bank (13) and Readycap Lending, LLC (11). 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 Cabarrus County
By number of approvals to businesses in the county, FY2021–FY2025; 47 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pinnacle BankNashville, TN | 14 | $17.0M | 7.7% | |
| 2 | The Huntington National BankColumbus, OH | 13 | $3.9M | 7.2% | |
| 3 | Readycap Lending, LLCBerkeley Heights, NJ | 11 | $1.8M | 6.1% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 10 | $2.7M | 5.5% | |
| 5 | Wells Fargo Bank National AssociationSioux Falls, SD | 9 | $2.3M | 5.0% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 7 | $5.9M | 3.9% | |
| 7 | SouthState Bank, National AssociationWinter Haven, FL | 7 | $5.0M | 3.9% | |
| 8 | Business Expansion Funding CorporationCharlotte, NC · CDC | 7 | $4.8M | 3.9% | |
| 9 | Fifth Third BankCincinnati, OH | 7 | $1.3M | 3.9% | |
| 10 | Northeast BankLewiston, ME | 7 | $1.1M | 3.9% | |
| 11 | Celtic Bank CorporationSalt Lake City, UT | 6 | $3.5M | 3.3% | |
| 12 | United Midwest Savings Bank National AssociationDe Graff, OH | 6 | $815K | 3.3% | |
| 13 | Truliant FCUWinston-Salem, NC | 5 | $10.6M | 2.8% | |
| 14 | TowneBankPortsmouth, VA | 5 | $2.4M | 2.8% | |
| 15 | Bank of America, National AssociationCharlotte, NC | 5 | $2.3M | 2.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 19 | 10.5% | |
| 2 | Residential Building ConstructionNAICS 2361 | 7 | 3.9% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 3.9% | |
| 4 | Offices of DentistsNAICS 6212 | 6 | 3.3% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 6 | 3.3% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 6 | 3.3% | |
| 7 | Child Day Care ServicesNAICS 6244 | 5 | 2.8% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 5 | 2.8% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 5 | 2.8% | |
| 10 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 5 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 27 | 14.9% | |
| 2 | Accommodation and Food Services | 23 | 12.7% | |
| 3 | Retail Trade | 22 | 12.2% | |
| 4 | Professional, Scientific, and Technical Services | 20 | 11.0% | |
| 5 | Health Care and Social Assistance | 18 | 9.9% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 15 | 8.3% | |
| 7 | Other Services (except Public Administration) | 15 | 8.3% | |
| 8 | Wholesale Trade | 12 | 6.6% |
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* | 22 | $13.7M | $196K | 1 | — | 23 | 163 |
| FY2025 | 49 | $21.5M | $150K | 3 | $2.6M | 52 | 472 |
| FY2024 | 53 | $24.9M | $250K | 1 | — | 54 | 374 |
| FY2023 | 33 | $23.3M | $350K | 2 | — | 35 | 539 |
| FY2022 | 17 | $11.6M | $458K | 1 | — | 18 | 220 |
| FY2021 | 20 | $16.3M | $478K | 2 | — | 22 | 317 |
| FY2020 | 24 | $18.2M | $400K | 3 | $5.5M | 27 | 402 |
| FY2019 | 26 | $12.5M | $178K | 2 | — | 28 | 208 |
| FY2018 | 36 | $22.3M | $273K | 4 | $4.6M | 40 | 444 |
| FY2017 | 23 | $12.7M | $180K | 4 | $1.6M | 27 | 187 |
| FY2016 | 34 | $30.4M | $348K | 2 | — | 36 | 595 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 158 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Cabarrus County | North Carolina | United States |
|---|---|---|---|
| Approvals | 181 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 34.3 | 28.5 | 41.0 |
| Median 7(a) approval | $261K | $326K | $190K |
| Median 504 approval | $804K | $753K | $657K |
| Average approval | $576K | $731K | $573K |
| 504 share of approvals | 5.0% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 10.6 | 12.2 | 10.5 |
| Share of state approvals | 2.5% | 100.0% | — |
Approval sizes
- $50,000 or less17.7%32
- $50,001 to $150,00019.3%35
- $150,001 to $350,00021.5%39
- $350,001 to $1 million24.9%45
- $1 million to $2 million12.2%22
- Over $2 million4.4%8
Age of the businesses
- Existing, more than 2 years old51.4%93
- New business, 2 years or less13.3%24
- Startup, loan funds will open the business23.8%43
- Change of ownership11.6%21
Questions and answers
Which lenders make the most SBA loans in Cabarrus County?
By approvals in FY2021 to FY2025: Pinnacle Bank (14), The Huntington National Bank (13), Readycap Lending, LLC (11), Newtek Bank, National Association (10), Wells Fargo Bank National Association (9). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Cabarrus County?
The median 7(a) approval was $261K and the median 504 approval $804K; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Cabarrus County?
Restaurants and Other Eating Places (19); Residential Building Construction (7); Automotive Repair and Maintenance (7); Offices of Dentists (6); Services to Buildings and Dwellings (6).
Is SBA lending in Cabarrus County rising?
Approvals in the three latest complete fiscal years total 141, against 67 in the three before: rising (+110%).
How does Cabarrus County compare with the rest of North Carolina?
34.3 approvals per 1,000 establishments against 28.5 statewide, and 181 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