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County45th of 99 in North Carolina by approvalsFIPS 37157
SBA loans in Rockingham 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 Rockingham County, North Carolina, received 34 SBA loan approvals worth $23.3M in FY2021 to FY2025 (33 7(a), 1 504).
That is 20.8 approvals per 1,000 business establishments (1,632 establishments in 2023), below the North Carolina figure of 28.5 and below the national 41.0.
It ranks 45th of 99 North Carolina counties with approvals. In FY2025 there were 15.
23 lenders had approvals here; the most active were Bank of Oak Ridge (4), Truist Bank (3) and The Fidelity Bank (3). 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 Rockingham County
By number of approvals to businesses in the county, FY2021–FY2025; 23 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Bank of Oak RidgeOak Ridge, NC | 4 | $1.9M | 11.8% | |
| 2 | Truist BankCharlotte, NC | 3 | $2.6M | 8.8% | |
| 3 | The Fidelity BankFuquay Varina, NC | 3 | $1.9M | 8.8% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $35K | 8.8% | |
| 5 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 5.9% | |
| 6 | Pinnacle BankNashville, TN | 2 | — | 5.9% | |
| 7 | United FCUSaint Joseph, MI | 1 | — | 2.9% | |
| 8 | TowneBankPortsmouth, VA | 1 | — | 2.9% | |
| 9 | The Bancorp Bank National AssociationSioux Falls, SD | 1 | — | 2.9% | |
| 10 | Beacon Bank and TrustBrookline, MA | 1 | — | 2.9% | |
| 11 | Fifth Third BankCincinnati, OH | 1 | — | 2.9% | |
| 12 | First National Bank of PennsylvaniaGreenville, PA | 1 | — | 2.9% | |
| 13 | SouthState Bank, National AssociationWinter Haven, FL | 1 | — | 2.9% | |
| 14 | Citizens BankElizabethton, TN | 1 | — | 2.9% | |
| 15 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 23.5% | |
| 2 | Traveler AccommodationNAICS 7211 | 4 | 11.8% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 2 | 5.9% | |
| 4 | Furniture and Home Furnishing Merchant WholesalersNAICS 4232 | 2 | 5.9% | |
| 5 | Other Miscellaneous RetailersNAICS 4599 | 2 | 5.9% | |
| 6 | Freight Transportation ArrangementNAICS 4885 | 2 | 5.9% | |
| 7 | Gasoline StationsNAICS 4471 | 1 | 2.9% | |
| 8 | Death Care ServicesNAICS 8122 | 1 | 2.9% | |
| 9 | Used Merchandise StoresNAICS 4533 | 1 | 2.9% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 1 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 12 | 35.3% | |
| 2 | Retail Trade | 7 | 20.6% | |
| 3 | Professional, Scientific, and Technical Services | 3 | 8.8% | |
| 4 | Construction | 3 | 8.8% | |
| 5 | Transportation and Warehousing | 3 | 8.8% | |
| 6 | Other Services (except Public Administration) | 2 | 5.9% | |
| 7 | Wholesale Trade | 2 | 5.9% | |
| 8 | Manufacturing | 1 | 2.9% |
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 | $5.4M | $498K | 0 | — | 6 | 34 |
| FY2025 | 15 | $15.6M | $715K | 0 | — | 15 | 114 |
| FY2024 | 5 | $2.1M | $396K | 0 | — | 5 | 46 |
| FY2023 | 4 | $1.2M | $379K | 1 | — | 5 | 35 |
| FY2022 | 4 | $1.1M | $250K | 0 | — | 4 | 30 |
| FY2021 | 5 | $2.9M | $625K | 0 | — | 5 | 13 |
| FY2020 | 2 | — | — | 0 | — | 2 | 21 |
| FY2019 | 4 | $1.9M | $194K | 0 | — | 4 | 21 |
| FY2018 | 7 | $3.9M | $150K | 0 | — | 7 | 59 |
| FY2017 | 7 | $3.0M | $50K | 0 | — | 7 | 23 |
| FY2016 | 5 | $4.3M | $348K | 1 | — | 6 | 67 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 26 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Rockingham County | North Carolina | United States |
|---|---|---|---|
| Approvals | 34 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 20.8 | 28.5 | 41.0 |
| Median 7(a) approval | $439K | $326K | $190K |
| Median 504 approval | — | $753K | $657K |
| Average approval | $684K | $731K | $573K |
| 504 share of approvals | 2.9% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 7.0 | 12.2 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less11.8%4
- $50,001 to $150,0005.9%2
- $150,001 to $350,00017.6%6
- $350,001 to $1 million52.9%18
- $1 million to $2 million2.9%1
- Over $2 million8.8%3
Age of the businesses
- Existing, more than 2 years old47.1%16
- New business, 2 years or less11.8%4
- Startup, loan funds will open the business20.6%7
- Change of ownership20.6%7
Questions and answers
Which lenders make the most SBA loans in Rockingham County?
By approvals in FY2021 to FY2025: Bank of Oak Ridge (4), Truist Bank (3), The Fidelity Bank (3), Wells Fargo Bank National Association (3), U.S. Bank, National Association (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Rockingham County?
The median 7(a) approval was $439K; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Rockingham County?
Restaurants and Other Eating Places (8); Traveler Accommodation (4); Building Equipment Contractors (2); Furniture and Home Furnishing Merchant Wholesalers (2); Other Miscellaneous Retailers (2).
Is SBA lending in Rockingham County rising?
Approvals in the three latest complete fiscal years total 25, against 11 in the three before: rising (+127%).
How does Rockingham County compare with the rest of North Carolina?
20.8 approvals per 1,000 establishments against 28.5 statewide, and 34 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