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County27th of 99 in North Carolina by approvalsFIPS 37031
SBA loans in Carteret 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 55 loans to businesses in Carteret County, North Carolina, in FY2021 to FY2025, worth $35.4M: 52 under 7(a) and 3 under 504.
That is 24.5 approvals per 1,000 business establishments (2,249 establishments in 2023), close to the North Carolina figure of 28.5 and below the national 41.0.
It ranks 27th of 99 North Carolina counties with approvals. In FY2025 there were 13, about level with FY2024.
28 lenders had approvals here; the most active were Northeast Bank (7), Wells Fargo Bank National Association (6) and Live Oak Banking Company (3). 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 Carteret County
By number of approvals to businesses in the county, FY2021–FY2025; 28 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Northeast BankLewiston, ME | 7 | $853K | 12.7% | |
| 2 | Wells Fargo Bank National AssociationSioux Falls, SD | 6 | $656K | 10.9% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 3 | $6.8M | 5.5% | |
| 4 | 504 Capital CorporationChesapeake, VA · CDC | 3 | $4.0M | 5.5% | |
| 5 | TowneBankPortsmouth, VA | 3 | $2.7M | 5.5% | |
| 6 | First-Citizens Bank & Trust CompanyRaleigh, NC | 3 | $1.9M | 5.5% | |
| 7 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $905K | 5.5% | |
| 8 | First National Bank of PennsylvaniaGreenville, PA | 2 | — | 3.6% | |
| 9 | Citizens BankElizabethton, TN | 2 | — | 3.6% | |
| 10 | Bank of America, National AssociationCharlotte, NC | 2 | — | 3.6% | |
| 11 | First BankSouthern Pines, NC | 2 | — | 3.6% | |
| 12 | BayFirst National BankSaint Petersburg, FL | 2 | — | 3.6% | |
| 13 | Newtek Bank, National AssociationMiami, FL | 2 | — | 3.6% | |
| 14 | Banc of CaliforniaLos Angeles, CA | 1 | — | 1.8% | |
| 15 | Metro City BankDoraville, GA | 1 | — | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 7 | 12.7% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 5.5% | |
| 3 | Other Motor Vehicle DealersNAICS 4412 | 3 | 5.5% | |
| 4 | Personal Care ServicesNAICS 8121 | 3 | 5.5% | |
| 5 | Seafood Product Preparation and PackagingNAICS 3117 | 2 | 3.6% | |
| 6 | Gasoline StationsNAICS 4571 | 2 | 3.6% | |
| 7 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 2 | 3.6% | |
| 8 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 3.6% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 2 | 3.6% | |
| 10 | Other Nonmetallic Mineral Product ManufacturingNAICS 3279 | 2 | 3.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 13 | 23.6% | |
| 2 | Accommodation and Food Services | 11 | 20.0% | |
| 3 | Other Services (except Public Administration) | 7 | 12.7% | |
| 4 | Professional, Scientific, and Technical Services | 5 | 9.1% | |
| 5 | Construction | 5 | 9.1% | |
| 6 | Manufacturing | 4 | 7.3% | |
| 7 | Wholesale Trade | 4 | 7.3% | |
| 8 | Health Care and Social Assistance | 3 | 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* | 4 | $2.6M | $313K | 0 | — | 4 | 45 |
| FY2025 | 13 | $4.9M | $293K | 0 | — | 13 | 104 |
| FY2024 | 13 | $7.3M | $146K | 1 | — | 14 | 94 |
| FY2023 | 5 | $4.3M | $1.2M | 1 | — | 6 | 54 |
| FY2022 | 13 | $7.9M | $581K | 1 | — | 14 | 109 |
| FY2021 | 8 | $7.1M | $474K | 0 | — | 8 | 83 |
| FY2020 | 4 | $4.3M | $600K | 1 | — | 5 | 23 |
| FY2019 | 8 | $7.2M | $325K | 1 | — | 9 | 90 |
| FY2018 | 7 | $4.1M | $450K | 1 | — | 8 | 95 |
| FY2017 | 11 | $5.9M | $150K | 0 | — | 11 | 116 |
| FY2016 | 13 | $4.7M | $50K | 0 | — | 13 | 147 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 46 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Carteret County | North Carolina | United States |
|---|---|---|---|
| Approvals | 55 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 24.5 | 28.5 | 41.0 |
| Median 7(a) approval | $325K | $326K | $190K |
| Median 504 approval | $1.3M | $753K | $657K |
| Average approval | $643K | $731K | $573K |
| 504 share of approvals | 5.5% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 8.1 | 12.2 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less14.5%8
- $50,001 to $150,00023.6%13
- $150,001 to $350,00014.5%8
- $350,001 to $1 million27.3%15
- $1 million to $2 million16.4%9
- Over $2 million3.6%2
Age of the businesses
- Existing, more than 2 years old54.5%30
- New business, 2 years or less23.6%13
- Startup, loan funds will open the business5.5%3
- Change of ownership16.4%9
Questions and answers
Which lenders make the most SBA loans in Carteret County?
By approvals in FY2021 to FY2025: Northeast Bank (7), Wells Fargo Bank National Association (6), Live Oak Banking Company (3), 504 Capital Corporation (3), TowneBank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Carteret County?
The median 7(a) approval was $325K and the median 504 approval $1.3M; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Carteret County?
Traveler Accommodation (7); Automotive Repair and Maintenance (3); Other Motor Vehicle Dealers (3); Personal Care Services (3); Seafood Product Preparation and Packaging (2).
Is SBA lending in Carteret County rising?
Approvals in the three latest complete fiscal years total 33, against 27 in the three before: rising (+22%).
How does Carteret County compare with the rest of North Carolina?
24.5 approvals per 1,000 establishments against 28.5 statewide, and 55 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