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County26th of 99 in North Carolina by approvalsFIPS 37127
SBA loans in Nash 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 59 loans to businesses in Nash County, North Carolina, in FY2021 to FY2025, worth $62.3M: 54 under 7(a) and 5 under 504.
That is 27.9 approvals per 1,000 business establishments (2,114 establishments in 2023), close to the North Carolina figure of 28.5 and below the national 41.0.
It ranks 26th of 99 North Carolina counties with approvals. In FY2025 there were 21, up 110% on FY2024.
28 lenders had approvals here; the most active were Leader Bank, National Association (6), TowneBank (6) and Northeast Bank (4). The most common industry was residential building construction.
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 Nash County
By number of approvals to businesses in the county, FY2021–FY2025; 28 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Leader Bank, National AssociationArlington, MA | 6 | $15.0M | 10.2% | |
| 2 | TowneBankPortsmouth, VA | 6 | $5.0M | 10.2% | |
| 3 | Northeast BankLewiston, ME | 4 | $1.0M | 6.8% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $137K | 6.8% | |
| 5 | GBankLas Vegas, NV | 3 | $3.8M | 5.1% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 3 | $3.1M | 5.1% | |
| 7 | Truist BankCharlotte, NC | 3 | $957K | 5.1% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 3 | $414K | 5.1% | |
| 9 | The First Bank and Trust CompanyLebanon, VA | 2 | — | 3.4% | |
| 10 | 504 Capital CorporationChesapeake, VA · CDC | 2 | — | 3.4% | |
| 11 | First National Bank of PennsylvaniaGreenville, PA | 2 | — | 3.4% | |
| 12 | Bank of Oak RidgeOak Ridge, NC | 2 | — | 3.4% | |
| 13 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 3.4% | |
| 14 | Southern Bank and Trust CompanyMount Olive, NC | 2 | — | 3.4% | |
| 15 | Business Expansion Funding CorporationCharlotte, NC · CDC | 2 | — | 3.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 8 | 13.6% | |
| 2 | Traveler AccommodationNAICS 7211 | 7 | 11.9% | |
| 3 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 4 | 6.8% | |
| 4 | Health and Personal Care StoresNAICS 4461 | 3 | 5.1% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 5.1% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 3 | 5.1% | |
| 7 | Personal Care ServicesNAICS 8121 | 3 | 5.1% | |
| 8 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 3 | 5.1% | |
| 9 | Lawn and Garden Equipment and Supplies StoresNAICS 4442 | 2 | 3.4% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 3.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 12 | 20.3% | |
| 2 | Other Services (except Public Administration) | 9 | 15.3% | |
| 3 | Accommodation and Food Services | 8 | 13.6% | |
| 4 | Retail Trade | 7 | 11.9% | |
| 5 | Professional, Scientific, and Technical Services | 5 | 8.5% | |
| 6 | Manufacturing | 5 | 8.5% | |
| 7 | Health Care and Social Assistance | 3 | 5.1% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 3 | 5.1% |
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 | $2.4M | $267K | 0 | — | 4 | 25 |
| FY2025 | 19 | $18.6M | $350K | 2 | — | 21 | 255 |
| FY2024 | 8 | $7.6M | $213K | 2 | — | 10 | 216 |
| FY2023 | 6 | $5.3M | $870K | 0 | — | 6 | 264 |
| FY2022 | 10 | $6.8M | $336K | 1 | — | 11 | 89 |
| FY2021 | 11 | $13.8M | $1.1M | 0 | — | 11 | 102 |
| FY2020 | 6 | $6.0M | $995K | 0 | — | 6 | 88 |
| FY2019 | 8 | $5.6M | $145K | 1 | — | 9 | 166 |
| FY2018 | 6 | $7.2M | $250K | 0 | — | 6 | 147 |
| FY2017 | 10 | $3.8M | $131K | 0 | — | 10 | 84 |
| FY2016 | 8 | $9.9M | $1.1M | 0 | — | 8 | 147 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 39 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Nash County | North Carolina | United States |
|---|---|---|---|
| Approvals | 59 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 27.9 | 28.5 | 41.0 |
| Median 7(a) approval | $375K | $326K | $190K |
| Median 504 approval | $1.6M | $753K | $657K |
| Average approval | $1.1M | $731K | $573K |
| 504 share of approvals | 8.5% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 15.7 | 12.2 | 10.5 |
| Share of state approvals | 0.8% | 100.0% | — |
Approval sizes
- $50,000 or less10.2%6
- $50,001 to $150,00016.9%10
- $150,001 to $350,00022.0%13
- $350,001 to $1 million10.2%6
- $1 million to $2 million20.3%12
- Over $2 million20.3%12
Age of the businesses
- Existing, more than 2 years old39.0%23
- New business, 2 years or less13.6%8
- Startup, loan funds will open the business32.2%19
- Change of ownership15.3%9
Questions and answers
Which lenders make the most SBA loans in Nash County?
By approvals in FY2021 to FY2025: Leader Bank, National Association (6), TowneBank (6), Northeast 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 Nash County?
The median 7(a) approval was $375K and the median 504 approval $1.6M; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Nash County?
Residential Building Construction (8); Traveler Accommodation (7); Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (4); Health and Personal Care Stores (3); Automotive Repair and Maintenance (3).
Is SBA lending in Nash County rising?
Approvals in the three latest complete fiscal years total 37, against 28 in the three before: rising (+32%).
How does Nash County compare with the rest of North Carolina?
27.9 approvals per 1,000 establishments against 28.5 statewide, and 59 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