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County10th of 99 in North Carolina by approvalsFIPS 37097
SBA loans in Iredell 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 Iredell County, North Carolina, received 166 SBA loan approvals worth $130M in FY2021 to FY2025 (150 7(a), 16 504).
That is 30.7 approvals per 1,000 business establishments (5,405 establishments in 2023), close to the North Carolina figure of 28.5 and below the national 41.0.
It ranks 10th of 99 North Carolina counties with approvals. In FY2025 there were 53, up 71% on FY2024.
51 lenders had approvals here; the most active were Live Oak Banking Company (13), Business Expansion Funding Corporation (13) and Wells Fargo Bank National Association (12). 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 Iredell County
By number of approvals to businesses in the county, FY2021–FY2025; 51 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 13 | $20.0M | 7.8% | |
| 2 | Business Expansion Funding CorporationCharlotte, NC · CDC | 13 | $16.3M | 7.8% | |
| 3 | Wells Fargo Bank National AssociationSioux Falls, SD | 12 | $538K | 7.2% | |
| 4 | Pinnacle BankNashville, TN | 8 | $9.2M | 4.8% | |
| 5 | TowneBankPortsmouth, VA | 7 | $14.1M | 4.2% | |
| 6 | Northeast BankLewiston, ME | 7 | $1.7M | 4.2% | |
| 7 | The Huntington National BankColumbus, OH | 7 | $1.6M | 4.2% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 7 | $1.0M | 4.2% | |
| 9 | United Midwest Savings Bank National AssociationDe Graff, OH | 7 | $954K | 4.2% | |
| 10 | Truliant FCUWinston-Salem, NC | 6 | $14.1M | 3.6% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 6 | $3.0M | 3.6% | |
| 12 | SouthState Bank, National AssociationWinter Haven, FL | 5 | $2.0M | 3.0% | |
| 13 | Celtic Bank CorporationSalt Lake City, UT | 5 | $725K | 3.0% | |
| 14 | Newtek Small Business Finance, Inc.Lake Success, NY | 4 | $515K | 2.4% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $448K | 2.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 6.6% | |
| 2 | Child Day Care ServicesNAICS 6244 | 9 | 5.4% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 7 | 4.2% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 7 | 4.2% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 6 | 3.6% | |
| 6 | Building Finishing ContractorsNAICS 2383 | 6 | 3.6% | |
| 7 | Lessors of Real EstateNAICS 5311 | 5 | 3.0% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 3.0% | |
| 9 | Personal Care ServicesNAICS 8121 | 5 | 3.0% | |
| 10 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 5 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 25 | 15.1% | |
| 2 | Retail Trade | 24 | 14.5% | |
| 3 | Health Care and Social Assistance | 22 | 13.3% | |
| 4 | Other Services (except Public Administration) | 16 | 9.6% | |
| 5 | Professional, Scientific, and Technical Services | 15 | 9.0% | |
| 6 | Accommodation and Food Services | 15 | 9.0% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 9 | 5.4% | |
| 8 | Wholesale Trade | 8 | 4.8% |
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* | 35 | $19.1M | $350K | 3 | $2.3M | 38 | 227 |
| FY2025 | 47 | $23.4M | $250K | 6 | $7.2M | 53 | 545 |
| FY2024 | 27 | $15.6M | $250K | 4 | $10.6M | 31 | 232 |
| FY2023 | 28 | $25.2M | $388K | 0 | — | 28 | 647 |
| FY2022 | 22 | $13.7M | $317K | 4 | $5.4M | 26 | 348 |
| FY2021 | 26 | $28.2M | $698K | 2 | — | 28 | 283 |
| FY2020 | 22 | $20.7M | $371K | 1 | — | 23 | 322 |
| FY2019 | 27 | $16.3M | $150K | 1 | — | 28 | 242 |
| FY2018 | 31 | $22.3M | $340K | 2 | — | 33 | 442 |
| FY2017 | 26 | $11.6M | $219K | 2 | — | 28 | 205 |
| FY2016 | 23 | $20.9M | $445K | 4 | $3.9M | 27 | 503 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 139 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Iredell County | North Carolina | United States |
|---|---|---|---|
| Approvals | 166 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 30.7 | 28.5 | 41.0 |
| Median 7(a) approval | $300K | $326K | $190K |
| Median 504 approval | $1.1M | $753K | $657K |
| Average approval | $784K | $731K | $573K |
| 504 share of approvals | 9.6% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 12.4 | 12.2 | 10.5 |
| Share of state approvals | 2.3% | 100.0% | — |
Approval sizes
- $50,000 or less12.0%20
- $50,001 to $150,00024.1%40
- $150,001 to $350,00016.3%27
- $350,001 to $1 million22.9%38
- $1 million to $2 million14.5%24
- Over $2 million10.2%17
Age of the businesses
- Existing, more than 2 years old48.2%80
- New business, 2 years or less18.1%30
- Startup, loan funds will open the business19.9%33
- Change of ownership13.9%23
Questions and answers
Which lenders make the most SBA loans in Iredell County?
By approvals in FY2021 to FY2025: Live Oak Banking Company (13), Business Expansion Funding Corporation (13), Wells Fargo Bank National Association (12), Pinnacle Bank (8), TowneBank (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Iredell County?
The median 7(a) approval was $300K and the median 504 approval $1.1M; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Iredell County?
Restaurants and Other Eating Places (11); Child Day Care Services (9); Building Equipment Contractors (7); Management, Scientific, and Technical Consulting Services (7); Offices of Other Health Practitioners (6).
Is SBA lending in Iredell County rising?
Approvals in the three latest complete fiscal years total 112, against 77 in the three before: rising (+45%).
How does Iredell County compare with the rest of North Carolina?
30.7 approvals per 1,000 establishments against 28.5 statewide, and 166 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