States › North Carolina › Randolph County
County33rd of 99 in North Carolina by approvalsFIPS 37151
SBA loans in Randolph 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 48 loans to businesses in Randolph County, North Carolina, in FY2021 to FY2025, worth $31.2M: 42 under 7(a) and 6 under 504.
That is 18.1 approvals per 1,000 business establishments (2,651 establishments in 2023), below the North Carolina figure of 28.5 and below the national 41.0.
It ranks 33rd of 99 North Carolina counties with approvals. In FY2025 there were 8.
28 lenders had approvals here; the most active were Business Expansion Funding Corporation (6), Wells Fargo Bank National Association (4) and Live Oak Banking Company (3). The most common industry was other specialty trade contractors.
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 Randolph County
By number of approvals to businesses in the county, FY2021–FY2025; 28 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Business Expansion Funding CorporationCharlotte, NC · CDC | 6 | $3.0M | 12.5% | |
| 2 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $429K | 8.3% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 3 | $3.3M | 6.3% | |
| 4 | First Community BankBluefield, VA | 3 | $1.8M | 6.3% | |
| 5 | Northeast BankLewiston, ME | 3 | $750K | 6.3% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $557K | 6.3% | |
| 7 | GBankLas Vegas, NV | 2 | — | 4.2% | |
| 8 | Pinnacle BankNashville, TN | 2 | — | 4.2% | |
| 9 | America First Federal Credit UnionRiverdale, UT | 2 | — | 4.2% | |
| 10 | Bank OZKLittle Rock, AR | 2 | — | 4.2% | |
| 11 | US Metro BankGarden Grove, CA | 1 | — | 2.1% | |
| 12 | Peoples BankMendenhall, MS | 1 | — | 2.1% | |
| 13 | Truliant FCUWinston-Salem, NC | 1 | — | 2.1% | |
| 14 | First Financial BankEl Dorado, AR | 1 | — | 2.1% | |
| 15 | TowneBankPortsmouth, VA | 1 | — | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 6 | 12.5% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 12.5% | |
| 3 | Traveler AccommodationNAICS 7211 | 5 | 10.4% | |
| 4 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 3 | 6.3% | |
| 5 | Building Finishing ContractorsNAICS 2383 | 2 | 4.2% | |
| 6 | Waste CollectionNAICS 5621 | 2 | 4.2% | |
| 7 | General Freight TruckingNAICS 4841 | 2 | 4.2% | |
| 8 | Gasoline StationsNAICS 4571 | 1 | 2.1% | |
| 9 | Poultry and Egg ProductionNAICS 1123 | 1 | 2.1% | |
| 10 | Other Wood Product ManufacturingNAICS 3219 | 1 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 15 | 31.3% | |
| 2 | Construction | 9 | 18.8% | |
| 3 | Manufacturing | 6 | 12.5% | |
| 4 | Retail Trade | 4 | 8.3% | |
| 5 | Wholesale Trade | 4 | 8.3% | |
| 6 | Transportation and Warehousing | 3 | 6.3% | |
| 7 | Agriculture, Forestry, Fishing and Hunting | 2 | 4.2% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 2 | 4.2% |
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 | $7.8M | $355K | 1 | — | 11 | 105 |
| FY2025 | 8 | $7.7M | $300K | 0 | — | 8 | 54 |
| FY2024 | 9 | $3.1M | $350K | 0 | — | 9 | 185 |
| FY2023 | 7 | $2.2M | $349K | 1 | — | 8 | 61 |
| FY2022 | 9 | $8.3M | $200K | 2 | — | 11 | 91 |
| FY2021 | 9 | $6.9M | $250K | 3 | $1.1M | 12 | 81 |
| FY2020 | 10 | $5.3M | $563K | 1 | — | 11 | 38 |
| FY2019 | 12 | $8.6M | $400K | 0 | — | 12 | 58 |
| FY2018 | 10 | $5.3M | $97K | 1 | — | 11 | 44 |
| FY2017 | 10 | $7.6M | $281K | 0 | — | 10 | 73 |
| FY2016 | 16 | $9.4M | $233K | 1 | — | 17 | 175 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 61 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Randolph County | North Carolina | United States |
|---|---|---|---|
| Approvals | 48 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 18.1 | 28.5 | 41.0 |
| Median 7(a) approval | $279K | $326K | $190K |
| Median 504 approval | $447K | $753K | $657K |
| Average approval | $649K | $731K | $573K |
| 504 share of approvals | 12.5% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 9.8 | 12.2 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less8.3%4
- $50,001 to $150,00016.7%8
- $150,001 to $350,00035.4%17
- $350,001 to $1 million22.9%11
- $1 million to $2 million6.3%3
- Over $2 million10.4%5
Age of the businesses
- Existing, more than 2 years old56.3%27
- New business, 2 years or less16.7%8
- Startup, loan funds will open the business12.5%6
- Change of ownership14.6%7
Questions and answers
Which lenders make the most SBA loans in Randolph County?
By approvals in FY2021 to FY2025: Business Expansion Funding Corporation (6), Wells Fargo Bank National Association (4), Live Oak Banking Company (3), First Community Bank (3), Northeast Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Randolph County?
The median 7(a) approval was $279K and the median 504 approval $447K; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Randolph County?
Other Specialty Trade Contractors (6); Restaurants and Other Eating Places (6); Traveler Accommodation (5); RV (Recreational Vehicle) Parks and Recreational Camps (3); Building Finishing Contractors (2).
Is SBA lending in Randolph County rising?
Approvals in the three latest complete fiscal years total 25, against 34 in the three before: falling (-26%).
How does Randolph County compare with the rest of North Carolina?
18.1 approvals per 1,000 establishments against 28.5 statewide, and 48 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