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County23rd of 99 in North Carolina by approvalsFIPS 37057
SBA loans in Davidson 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 64 loans to businesses in Davidson County, North Carolina, in FY2021 to FY2025, worth $51.2M: 59 under 7(a) and 5 under 504.
That is 21.4 approvals per 1,000 business establishments (2,994 establishments in 2023), below the North Carolina figure of 28.5 and below the national 41.0.
It ranks 23rd of 99 North Carolina counties with approvals. In FY2025 there were 24, up 100% on FY2024.
35 lenders had approvals here; the most active were Pinnacle Bank (7), United Midwest Savings Bank National Association (5) and First Bank (4). 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 Davidson County
By number of approvals to businesses in the county, FY2021–FY2025; 35 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pinnacle BankNashville, TN | 7 | $12.6M | 10.9% | |
| 2 | United Midwest Savings Bank National AssociationDe Graff, OH | 5 | $904K | 7.8% | |
| 3 | First BankSouthern Pines, NC | 4 | $2.2M | 6.3% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $1.9M | 6.3% | |
| 5 | GBankLas Vegas, NV | 3 | $8.8M | 4.7% | |
| 6 | Business Expansion Funding CorporationCharlotte, NC · CDC | 3 | $2.7M | 4.7% | |
| 7 | Northeast BankLewiston, ME | 3 | $193K | 4.7% | |
| 8 | The Huntington National BankColumbus, OH | 2 | — | 3.1% | |
| 9 | CIBC Bank USAChicago, IL | 2 | — | 3.1% | |
| 10 | First National Bank of PennsylvaniaGreenville, PA | 2 | — | 3.1% | |
| 11 | Carolina Business Capital, Inc.Charlotte, NC · CDC | 2 | — | 3.1% | |
| 12 | Live Oak Banking CompanyWilmington, NC | 2 | — | 3.1% | |
| 13 | JPMorgan Chase Bank, National AssociationColumbus, OH | 2 | — | 3.1% | |
| 14 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 3.1% | |
| 15 | Regions BankBirmingham, AL | 1 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 6 | 9.4% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 3 | 4.7% | |
| 3 | Child Day Care ServicesNAICS 6244 | 3 | 4.7% | |
| 4 | Motor Vehicle Body and Trailer ManufacturingNAICS 3362 | 2 | 3.1% | |
| 5 | Couriers and Express Delivery ServicesNAICS 4921 | 2 | 3.1% | |
| 6 | Other Fabricated Metal Product ManufacturingNAICS 3329 | 2 | 3.1% | |
| 7 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 2 | 3.1% | |
| 8 | Household and Institutional Furniture and Kitchen Cabinet ManufacturingNAICS 3371 | 2 | 3.1% | |
| 9 | Other Schools and InstructionNAICS 6116 | 2 | 3.1% | |
| 10 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 2 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 9 | 14.1% | |
| 2 | Manufacturing | 9 | 14.1% | |
| 3 | Accommodation and Food Services | 8 | 12.5% | |
| 4 | Transportation and Warehousing | 6 | 9.4% | |
| 5 | Construction | 6 | 9.4% | |
| 6 | Health Care and Social Assistance | 6 | 9.4% | |
| 7 | Educational Services | 4 | 6.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 4 | 6.3% |
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* | 10 | $8.7M | $136K | 1 | — | 11 | 180 |
| FY2025 | 22 | $22.6M | $323K | 2 | — | 24 | 194 |
| FY2024 | 11 | $3.3M | $135K | 1 | — | 12 | 67 |
| FY2023 | 8 | $3.1M | $155K | 0 | — | 8 | 100 |
| FY2022 | 6 | $6.0M | $725K | 0 | — | 6 | 106 |
| FY2021 | 12 | $11.2M | $295K | 2 | — | 14 | 147 |
| FY2020 | 9 | $15.3M | $1.0M | 0 | — | 9 | 121 |
| FY2019 | 11 | $5.5M | $444K | 1 | — | 12 | 75 |
| FY2018 | 14 | $5.2M | $65K | 0 | — | 14 | 254 |
| FY2017 | 13 | $7.2M | $150K | 1 | — | 14 | 96 |
| FY2016 | 8 | $1.9M | $117K | 1 | — | 9 | 36 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 58 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Davidson County | North Carolina | United States |
|---|---|---|---|
| Approvals | 64 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 21.4 | 28.5 | 41.0 |
| Median 7(a) approval | $250K | $326K | $190K |
| Median 504 approval | $647K | $753K | $657K |
| Average approval | $800K | $731K | $573K |
| 504 share of approvals | 7.8% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 9.6 | 12.2 | 10.5 |
| Share of state approvals | 0.9% | 100.0% | — |
Approval sizes
- $50,000 or less12.5%8
- $50,001 to $150,00021.9%14
- $150,001 to $350,00029.7%19
- $350,001 to $1 million9.4%6
- $1 million to $2 million15.6%10
- Over $2 million10.9%7
Age of the businesses
- Existing, more than 2 years old40.6%26
- New business, 2 years or less18.8%12
- Startup, loan funds will open the business17.2%11
- Change of ownership23.4%15
Questions and answers
Which lenders make the most SBA loans in Davidson County?
By approvals in FY2021 to FY2025: Pinnacle Bank (7), United Midwest Savings Bank National Association (5), First Bank (4), Wells Fargo Bank National Association (4), GBank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Davidson County?
The median 7(a) approval was $250K and the median 504 approval $647K; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Davidson County?
Traveler Accommodation (6); Building Equipment Contractors (3); Child Day Care Services (3); Motor Vehicle Body and Trailer Manufacturing (2); Couriers and Express Delivery Services (2).
Is SBA lending in Davidson County rising?
Approvals in the three latest complete fiscal years total 44, against 29 in the three before: rising (+52%).
How does Davidson County compare with the rest of North Carolina?
21.4 approvals per 1,000 establishments against 28.5 statewide, and 64 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