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County12th of 99 in North Carolina by approvalsFIPS 37051
SBA loans in Cumberland 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 Cumberland County, North Carolina, received 143 SBA loan approvals worth $127M in FY2021 to FY2025 (136 7(a), 7 504).
That is 24.0 approvals per 1,000 business establishments (5,947 establishments in 2023), below the North Carolina figure of 28.5 and below the national 41.0.
It ranks 12th of 99 North Carolina counties with approvals. In FY2025 there were 34, about level with FY2024.
57 lenders had approvals here; the most active were Live Oak Banking Company (9), Northeast Bank (9) and Readycap Lending, LLC (8). 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 Cumberland County
By number of approvals to businesses in the county, FY2021–FY2025; 57 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 9 | $8.9M | 6.3% | |
| 2 | Northeast BankLewiston, ME | 9 | $1.1M | 6.3% | |
| 3 | Readycap Lending, LLCBerkeley Heights, NJ | 8 | $2.1M | 5.6% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 8 | $896K | 5.6% | |
| 5 | The Huntington National BankColumbus, OH | 7 | $1.4M | 4.9% | |
| 6 | GBankLas Vegas, NV | 6 | $22.7M | 4.2% | |
| 7 | Business Expansion Funding CorporationCharlotte, NC · CDC | 5 | $5.3M | 3.5% | |
| 8 | United Community BankGreenville, SC | 5 | $5.0M | 3.5% | |
| 9 | United Midwest Savings Bank National AssociationDe Graff, OH | 5 | $4.7M | 3.5% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 5 | $786K | 3.5% | |
| 11 | Peoples BankMendenhall, MS | 4 | $12.1M | 2.8% | |
| 12 | PNC Bank, National AssociationWilmington, DE | 4 | $455K | 2.8% | |
| 13 | TD Bank, National AssociationWilmington, DE | 3 | $5.7M | 2.1% | |
| 14 | Truist BankCharlotte, NC | 3 | $4.4M | 2.1% | |
| 15 | TowneBankPortsmouth, VA | 3 | $4.4M | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 19 | 13.3% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 19 | 13.3% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 4.2% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 6 | 4.2% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 5 | 3.5% | |
| 6 | Offices of Real Estate Agents and BrokersNAICS 5312 | 5 | 3.5% | |
| 7 | Personal Care ServicesNAICS 8121 | 5 | 3.5% | |
| 8 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 4 | 2.8% | |
| 9 | Other Miscellaneous RetailersNAICS 4599 | 3 | 2.1% | |
| 10 | Lessors of Real EstateNAICS 5311 | 3 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 43 | 30.1% | |
| 2 | Retail Trade | 22 | 15.4% | |
| 3 | Health Care and Social Assistance | 16 | 11.2% | |
| 4 | Construction | 11 | 7.7% | |
| 5 | Other Services (except Public Administration) | 9 | 6.3% | |
| 6 | Real Estate and Rental and Leasing | 8 | 5.6% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 8 | 5.6% | |
| 8 | Arts, Entertainment, and Recreation | 7 | 4.9% |
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* | 19 | $13.6M | $350K | 0 | — | 19 | 101 |
| FY2025 | 34 | $24.2M | $224K | 0 | — | 34 | 344 |
| FY2024 | 34 | $29.5M | $337K | 1 | — | 35 | 638 |
| FY2023 | 28 | $14.0M | $357K | 2 | — | 30 | 456 |
| FY2022 | 17 | $14.0M | $350K | 2 | — | 19 | 367 |
| FY2021 | 23 | $38.0M | $1.3M | 2 | — | 25 | 315 |
| FY2020 | 25 | $24.2M | $365K | 1 | — | 26 | 317 |
| FY2019 | 17 | $14.1M | $350K | 2 | — | 19 | 215 |
| FY2018 | 15 | $12.1M | $165K | 0 | — | 15 | 209 |
| FY2017 | 30 | $25.4M | $429K | 0 | — | 30 | 453 |
| FY2016 | 29 | $18.3M | $150K | 0 | — | 29 | 543 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 119 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Cumberland County | North Carolina | United States |
|---|---|---|---|
| Approvals | 143 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 24.0 | 28.5 | 41.0 |
| Median 7(a) approval | $362K | $326K | $190K |
| Median 504 approval | $739K | $753K | $657K |
| Average approval | $888K | $731K | $573K |
| 504 share of approvals | 4.9% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 14.8 | 12.2 | 10.5 |
| Share of state approvals | 1.9% | 100.0% | — |
Approval sizes
- $50,000 or less14.0%20
- $50,001 to $150,00016.1%23
- $150,001 to $350,00017.5%25
- $350,001 to $1 million29.4%42
- $1 million to $2 million9.1%13
- Over $2 million14.0%20
Age of the businesses
- Existing, more than 2 years old39.9%57
- New business, 2 years or less16.1%23
- Startup, loan funds will open the business30.8%44
- Change of ownership13.3%19
Questions and answers
Which lenders make the most SBA loans in Cumberland County?
By approvals in FY2021 to FY2025: Live Oak Banking Company (9), Northeast Bank (9), Readycap Lending, LLC (8), Wells Fargo Bank National Association (8), The Huntington National Bank (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Cumberland County?
The median 7(a) approval was $362K and the median 504 approval $739K; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Cumberland County?
Traveler Accommodation (19); Restaurants and Other Eating Places (19); Other Amusement and Recreation Industries (6); Offices of Other Health Practitioners (6); Services to Buildings and Dwellings (5).
Is SBA lending in Cumberland County rising?
Approvals in the three latest complete fiscal years total 99, against 70 in the three before: rising (+41%).
How does Cumberland County compare with the rest of North Carolina?
24.0 approvals per 1,000 establishments against 28.5 statewide, and 143 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