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County16th of 99 in North Carolina by approvalsFIPS 37147
SBA loans in Pitt 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 Pitt County, North Carolina, received 92 SBA loan approvals worth $62.5M in FY2021 to FY2025 (84 7(a), 8 504).
That is 24.1 approvals per 1,000 business establishments (3,817 establishments in 2023), below the North Carolina figure of 28.5 and below the national 41.0.
It ranks 16th of 99 North Carolina counties with approvals. In FY2025 there were 13, down 43% on FY2024.
37 lenders had approvals here; the most active were The Huntington National Bank (9), Wells Fargo Bank National Association (7) and TowneBank (6). 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 Pitt County
By number of approvals to businesses in the county, FY2021–FY2025; 37 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 9 | $3.7M | 9.8% | |
| 2 | Wells Fargo Bank National AssociationSioux Falls, SD | 7 | $314K | 7.6% | |
| 3 | TowneBankPortsmouth, VA | 6 | $5.1M | 6.5% | |
| 4 | Southern Bank and Trust CompanyMount Olive, NC | 6 | $1.6M | 6.5% | |
| 5 | 504 Capital CorporationChesapeake, VA · CDC | 5 | $3.0M | 5.4% | |
| 6 | PNC Bank, National AssociationWilmington, DE | 5 | $365K | 5.4% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 4 | $4.4M | 4.3% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $4.1M | 4.3% | |
| 9 | Northeast BankLewiston, ME | 4 | $201K | 4.3% | |
| 10 | Business Expansion Funding CorporationCharlotte, NC · CDC | 3 | $5.4M | 3.3% | |
| 11 | Celtic Bank CorporationSalt Lake City, UT | 3 | $1.5M | 3.3% | |
| 12 | First BankSouthern Pines, NC | 3 | $1.1M | 3.3% | |
| 13 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 2.2% | |
| 14 | Citizens BankElizabethton, TN | 2 | — | 2.2% | |
| 15 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 12.0% | |
| 2 | Other Personal ServicesNAICS 8129 | 5 | 5.4% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 4.3% | |
| 4 | Child Day Care ServicesNAICS 6244 | 4 | 4.3% | |
| 5 | Offices of PhysiciansNAICS 6211 | 3 | 3.3% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.3% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 3 | 3.3% | |
| 8 | Residential Building ConstructionNAICS 2361 | 3 | 3.3% | |
| 9 | Traveler AccommodationNAICS 7211 | 2 | 2.2% | |
| 10 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 2 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 16 | 17.4% | |
| 2 | Accommodation and Food Services | 13 | 14.1% | |
| 3 | Health Care and Social Assistance | 13 | 14.1% | |
| 4 | Other Services (except Public Administration) | 11 | 12.0% | |
| 5 | Manufacturing | 9 | 9.8% | |
| 6 | Retail Trade | 7 | 7.6% | |
| 7 | Professional, Scientific, and Technical Services | 6 | 6.5% | |
| 8 | Transportation and Warehousing | 5 | 5.4% |
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 | $5.0M | $300K | 0 | — | 10 | 96 |
| FY2025 | 13 | $6.2M | $120K | 0 | — | 13 | 74 |
| FY2024 | 22 | $9.8M | $113K | 1 | — | 23 | 338 |
| FY2023 | 20 | $13.6M | $425K | 1 | — | 21 | 318 |
| FY2022 | 16 | $9.6M | $318K | 5 | $2.0M | 21 | 219 |
| FY2021 | 13 | $14.8M | $460K | 1 | — | 14 | 296 |
| FY2020 | 16 | $12.8M | $350K | 1 | — | 17 | 446 |
| FY2019 | 18 | $11.6M | $325K | 1 | — | 19 | 299 |
| FY2018 | 20 | $12.4M | $145K | 1 | — | 21 | 165 |
| FY2017 | 22 | $11.2M | $100K | 2 | — | 24 | 339 |
| FY2016 | 23 | $7.1M | $125K | 1 | — | 24 | 371 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 105 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Pitt County | North Carolina | United States |
|---|---|---|---|
| Approvals | 92 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 24.1 | 28.5 | 41.0 |
| Median 7(a) approval | $220K | $326K | $190K |
| Median 504 approval | $307K | $753K | $657K |
| Average approval | $679K | $731K | $573K |
| 504 share of approvals | 8.7% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 13.5 | 12.2 | 10.5 |
| Share of state approvals | 1.3% | 100.0% | — |
Approval sizes
- $50,000 or less21.7%20
- $50,001 to $150,00017.4%16
- $150,001 to $350,00020.7%19
- $350,001 to $1 million17.4%16
- $1 million to $2 million14.1%13
- Over $2 million8.7%8
Age of the businesses
- Existing, more than 2 years old43.5%40
- New business, 2 years or less17.4%16
- Startup, loan funds will open the business28.3%26
- Change of ownership10.9%10
Questions and answers
Which lenders make the most SBA loans in Pitt County?
By approvals in FY2021 to FY2025: The Huntington National Bank (9), Wells Fargo Bank National Association (7), TowneBank (6), Southern Bank and Trust Company (6), 504 Capital Corporation (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Pitt County?
The median 7(a) approval was $220K and the median 504 approval $307K; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Pitt County?
Restaurants and Other Eating Places (11); Other Personal Services (5); Automotive Repair and Maintenance (4); Child Day Care Services (4); Offices of Physicians (3).
Is SBA lending in Pitt County rising?
Approvals in the three latest complete fiscal years total 57, against 52 in the three before: rising (+10%).
How does Pitt County compare with the rest of North Carolina?
24.1 approvals per 1,000 establishments against 28.5 statewide, and 92 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