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County24th of 99 in North Carolina by approvalsFIPS 37109
SBA loans in Lincoln 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 Lincoln County, North Carolina, received 63 SBA loan approvals worth $37.9M in FY2021 to FY2025 (61 7(a), 2 504).
That is 30.3 approvals per 1,000 business establishments (2,081 establishments in 2023), close to the North Carolina figure of 28.5 and below the national 41.0.
It ranks 24th of 99 North Carolina counties with approvals. In FY2025 there were 22, up 83% on FY2024.
29 lenders had approvals here; the most active were The Huntington National Bank (7), Northeast Bank (6) and Newtek Bank, National Association (5). 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 Lincoln County
By number of approvals to businesses in the county, FY2021–FY2025; 29 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 7 | $1.8M | 11.1% | |
| 2 | Northeast BankLewiston, ME | 6 | $937K | 9.5% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 5 | $1.1M | 7.9% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 5 | $1.1M | 7.9% | |
| 5 | United Midwest Savings Bank National AssociationDe Graff, OH | 4 | $772K | 6.3% | |
| 6 | Pinnacle BankNashville, TN | 3 | $3.7M | 4.8% | |
| 7 | Bank of America, National AssociationCharlotte, NC | 3 | $1.5M | 4.8% | |
| 8 | Citizens BankElizabethton, TN | 3 | $1.1M | 4.8% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $53K | 4.8% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 2 | — | 3.2% | |
| 11 | The Bancorp Bank National AssociationSioux Falls, SD | 2 | — | 3.2% | |
| 12 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 3.2% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 3.2% | |
| 14 | Stone BankMountain View, AR | 1 | — | 1.6% | |
| 15 | TowneBankPortsmouth, VA | 1 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 7.9% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 4 | 6.3% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 3 | 4.8% | |
| 4 | Offices of Real Estate Agents and BrokersNAICS 5312 | 3 | 4.8% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 4.8% | |
| 6 | Lessors of Real EstateNAICS 5311 | 2 | 3.2% | |
| 7 | Offices of DentistsNAICS 6212 | 2 | 3.2% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 3.2% | |
| 9 | Investigation and Security ServicesNAICS 5616 | 2 | 3.2% | |
| 10 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 2 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 8 | 12.7% | |
| 2 | Accommodation and Food Services | 7 | 11.1% | |
| 3 | Retail Trade | 7 | 11.1% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 7 | 11.1% | |
| 5 | Construction | 7 | 11.1% | |
| 6 | Other Services (except Public Administration) | 5 | 7.9% | |
| 7 | Manufacturing | 5 | 7.9% | |
| 8 | Real Estate and Rental and Leasing | 5 | 7.9% |
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* | 6 | $3.5M | $296K | 1 | — | 7 | 58 |
| FY2025 | 22 | $13.9M | $225K | 0 | — | 22 | 124 |
| FY2024 | 12 | $2.4M | $204K | 0 | — | 12 | 92 |
| FY2023 | 6 | $7.0M | $465K | 0 | — | 6 | 61 |
| FY2022 | 13 | $3.9M | $172K | 0 | — | 13 | 88 |
| FY2021 | 8 | $8.6M | $595K | 2 | — | 10 | 107 |
| FY2020 | 6 | $3.8M | $165K | 2 | — | 8 | 38 |
| FY2019 | 4 | $881K | $200K | 0 | — | 4 | 20 |
| FY2018 | 15 | $9.0M | $324K | 2 | — | 17 | 224 |
| FY2017 | 5 | $2.5M | $150K | 2 | — | 7 | 44 |
| FY2016 | 11 | $9.1M | $350K | 0 | — | 11 | 275 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 47 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Lincoln County | North Carolina | United States |
|---|---|---|---|
| Approvals | 63 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 30.3 | 28.5 | 41.0 |
| Median 7(a) approval | $240K | $326K | $190K |
| Median 504 approval | — | $753K | $657K |
| Average approval | $601K | $731K | $573K |
| 504 share of approvals | 3.2% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 7.5 | 12.2 | 10.5 |
| Share of state approvals | 0.9% | 100.0% | — |
Approval sizes
- $50,000 or less15.9%10
- $50,001 to $150,00019.0%12
- $150,001 to $350,00030.2%19
- $350,001 to $1 million19.0%12
- $1 million to $2 million9.5%6
- Over $2 million6.3%4
Age of the businesses
- Existing, more than 2 years old52.4%33
- New business, 2 years or less14.3%9
- Startup, loan funds will open the business23.8%15
- Change of ownership9.5%6
Questions and answers
Which lenders make the most SBA loans in Lincoln County?
By approvals in FY2021 to FY2025: The Huntington National Bank (7), Northeast Bank (6), Newtek Bank, National Association (5), BayFirst National Bank (5), United Midwest Savings Bank National Association (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lincoln County?
The median 7(a) approval was $240K; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Lincoln County?
Restaurants and Other Eating Places (5); Services to Buildings and Dwellings (4); Offices of Other Health Practitioners (3); Offices of Real Estate Agents and Brokers (3); Other Specialty Trade Contractors (3).
Is SBA lending in Lincoln County rising?
Approvals in the three latest complete fiscal years total 40, against 31 in the three before: rising (+29%).
How does Lincoln County compare with the rest of North Carolina?
30.3 approvals per 1,000 establishments against 28.5 statewide, and 63 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