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County14th of 99 in North Carolina by approvalsFIPS 37133
SBA loans in Onslow 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 112 loans to businesses in Onslow County, North Carolina, in FY2021 to FY2025, worth $77.8M: 102 under 7(a) and 10 under 504.
That is 36.4 approvals per 1,000 business establishments (3,080 establishments in 2023), above the North Carolina figure of 28.5 and close to the national 41.0.
It ranks 14th of 99 North Carolina counties with approvals. In FY2025 there were 25, down 14% on FY2024.
40 lenders had approvals here; the most active were The Huntington National Bank (16), Northeast Bank (10) and Business Expansion Funding Corporation (7). 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 Onslow County
By number of approvals to businesses in the county, FY2021–FY2025; 40 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 16 | $7.9M | 14.3% | |
| 2 | Northeast BankLewiston, ME | 10 | $1.1M | 8.9% | |
| 3 | Business Expansion Funding CorporationCharlotte, NC · CDC | 7 | $6.1M | 6.3% | |
| 4 | First BankSouthern Pines, NC | 6 | $2.8M | 5.4% | |
| 5 | United Community BankGreenville, SC | 5 | $6.4M | 4.5% | |
| 6 | Harvest Small Business Finance, LLCLaguna Hills, CA | 5 | $3.4M | 4.5% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 4 | $6.3M | 3.6% | |
| 8 | Newtek Small Business Finance, Inc.Lake Success, NY | 4 | $1.1M | 3.6% | |
| 9 | TD Bank, National AssociationWilmington, DE | 4 | $1.1M | 3.6% | |
| 10 | United Midwest Savings Bank National AssociationDe Graff, OH | 4 | $600K | 3.6% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 4 | $565K | 3.6% | |
| 12 | 504 Capital CorporationChesapeake, VA · CDC | 3 | $4.1M | 2.7% | |
| 13 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $3.1M | 2.7% | |
| 14 | First National Bank of PennsylvaniaGreenville, PA | 3 | $3.0M | 2.7% | |
| 15 | SouthState Bank, National AssociationWinter Haven, FL | 3 | $1.7M | 2.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 29 | 25.9% | |
| 2 | Building Finishing ContractorsNAICS 2383 | 8 | 7.1% | |
| 3 | Traveler AccommodationNAICS 7211 | 6 | 5.4% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 6 | 5.4% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 4.5% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 4.5% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 4.5% | |
| 8 | Personal Care ServicesNAICS 8121 | 4 | 3.6% | |
| 9 | Residential Building ConstructionNAICS 2361 | 3 | 2.7% | |
| 10 | Furniture and Home Furnishings RetailersNAICS 4491 | 3 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 36 | 32.1% | |
| 2 | Construction | 18 | 16.1% | |
| 3 | Retail Trade | 15 | 13.4% | |
| 4 | Other Services (except Public Administration) | 11 | 9.8% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 8 | 7.1% | |
| 6 | Arts, Entertainment, and Recreation | 6 | 5.4% | |
| 7 | Professional, Scientific, and Technical Services | 5 | 4.5% | |
| 8 | Health Care and Social Assistance | 3 | 2.7% |
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* | 7 | $10.7M | $500K | 0 | — | 7 | 112 |
| FY2025 | 22 | $21.0M | $225K | 3 | $1.5M | 25 | 614 |
| FY2024 | 28 | $19.2M | $310K | 1 | — | 29 | 258 |
| FY2023 | 21 | $9.1M | $350K | 1 | — | 22 | 373 |
| FY2022 | 18 | $9.6M | $311K | 4 | $6.3M | 22 | 434 |
| FY2021 | 13 | $8.8M | $565K | 1 | — | 14 | 213 |
| FY2020 | 20 | $20.9M | $450K | 2 | — | 22 | 188 |
| FY2019 | 11 | $8.4M | $270K | 1 | — | 12 | 142 |
| FY2018 | 16 | $11.2M | $360K | 0 | — | 16 | 132 |
| FY2017 | 18 | $8.8M | $295K | 0 | — | 18 | 325 |
| FY2016 | 19 | $4.2M | $45K | 0 | — | 19 | 47 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 87 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Onslow County | North Carolina | United States |
|---|---|---|---|
| Approvals | 112 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 36.4 | 28.5 | 41.0 |
| Median 7(a) approval | $350K | $326K | $190K |
| Median 504 approval | $799K | $753K | $657K |
| Average approval | $695K | $731K | $573K |
| 504 share of approvals | 8.9% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 16.9 | 12.2 | 10.5 |
| Share of state approvals | 1.5% | 100.0% | — |
Approval sizes
- $50,000 or less17.0%19
- $50,001 to $150,00014.3%16
- $150,001 to $350,00020.5%23
- $350,001 to $1 million30.4%34
- $1 million to $2 million10.7%12
- Over $2 million7.1%8
Age of the businesses
- Existing, more than 2 years old48.2%54
- New business, 2 years or less12.5%14
- Startup, loan funds will open the business27.7%31
- Change of ownership11.6%13
Questions and answers
Which lenders make the most SBA loans in Onslow County?
By approvals in FY2021 to FY2025: The Huntington National Bank (16), Northeast Bank (10), Business Expansion Funding Corporation (7), First Bank (6), United Community Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Onslow County?
The median 7(a) approval was $350K and the median 504 approval $799K; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Onslow County?
Restaurants and Other Eating Places (29); Building Finishing Contractors (8); Traveler Accommodation (6); Services to Buildings and Dwellings (6); Automotive Repair and Maintenance (5).
Is SBA lending in Onslow County rising?
Approvals in the three latest complete fiscal years total 76, against 58 in the three before: rising (+31%).
How does Onslow County compare with the rest of North Carolina?
36.4 approvals per 1,000 establishments against 28.5 statewide, and 112 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