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County22nd of 99 in North Carolina by approvalsFIPS 37171
SBA loans in Surry 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 Surry County, North Carolina, received 68 SBA loan approvals worth $34.0M in FY2021 to FY2025 (66 7(a), 2 504).
That is 40.9 approvals per 1,000 business establishments (1,661 establishments in 2023), above the North Carolina figure of 28.5 and close to the national 41.0.
It ranks 22nd of 99 North Carolina counties with approvals. In FY2025 there were 15, about level with FY2024.
12 lenders had approvals here; the most active were First Community Bank (51), The First Bank and Trust Company (3) and Wells Fargo Bank National Association (2). 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 Surry County
By number of approvals to businesses in the county, FY2021–FY2025; 12 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | First Community BankBluefield, VA | 51 | $25.9M | 75.0% | |
| 2 | The First Bank and Trust CompanyLebanon, VA | 3 | $608K | 4.4% | |
| 3 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 2.9% | |
| 4 | Truist BankCharlotte, NC | 2 | — | 2.9% | |
| 5 | Beacon Bank and TrustBrookline, MA | 2 | — | 2.9% | |
| 6 | Business Expansion Funding CorporationCharlotte, NC · CDC | 2 | — | 2.9% | |
| 7 | TowneBankPortsmouth, VA | 1 | — | 1.5% | |
| 8 | Bank Five NineOconomowoc, WI | 1 | — | 1.5% | |
| 9 | First Financial BankEl Dorado, AR | 1 | — | 1.5% | |
| 10 | SouthState Bank, National AssociationWinter Haven, FL | 1 | — | 1.5% | |
| 11 | Northeast BankLewiston, ME | 1 | — | 1.5% | |
| 12 | PNC Bank, National AssociationWilmington, DE | 1 | — | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 7.4% | |
| 2 | General Freight TruckingNAICS 4841 | 4 | 5.9% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 4 | 5.9% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 4.4% | |
| 5 | Lessors of Real EstateNAICS 5311 | 3 | 4.4% | |
| 6 | Apparel Accessories and Other Apparel ManufacturingNAICS 3159 | 3 | 4.4% | |
| 7 | Outpatient Care CentersNAICS 6214 | 3 | 4.4% | |
| 8 | LoggingNAICS 1133 | 3 | 4.4% | |
| 9 | Specialty Food StoresNAICS 4452 | 3 | 4.4% | |
| 10 | Electronic and Precision Equipment Repair and MaintenanceNAICS 8112 | 2 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 10 | 14.7% | |
| 2 | Retail Trade | 9 | 13.2% | |
| 3 | Accommodation and Food Services | 9 | 13.2% | |
| 4 | Other Services (except Public Administration) | 8 | 11.8% | |
| 5 | Construction | 7 | 10.3% | |
| 6 | Agriculture, Forestry, Fishing and Hunting | 6 | 8.8% | |
| 7 | Transportation and Warehousing | 5 | 7.4% | |
| 8 | Health Care and Social Assistance | 5 | 7.4% |
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* | 16 | $5.8M | $100K | 1 | — | 17 | 70 |
| FY2025 | 14 | $6.4M | $381K | 1 | — | 15 | 157 |
| FY2024 | 14 | $4.9M | $174K | 0 | — | 14 | 39 |
| FY2023 | 12 | $7.4M | $250K | 0 | — | 12 | 81 |
| FY2022 | 12 | $4.1M | $149K | 1 | — | 13 | 277 |
| FY2021 | 14 | $10.4M | $400K | 0 | — | 14 | 117 |
| FY2020 | 8 | $2.0M | $215K | 0 | — | 8 | 13 |
| FY2019 | 21 | $8.0M | $250K | 0 | — | 21 | 235 |
| FY2018 | 33 | $3.5M | $80K | 0 | — | 33 | 77 |
| FY2017 | 31 | $4.7M | $100K | 0 | — | 31 | 109 |
| FY2016 | 32 | $9.3M | $88K | 0 | — | 32 | 227 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 125 approvals.
Against North Carolina and the country
| FY2021–FY2025 | Surry County | North Carolina | United States |
|---|---|---|---|
| Approvals | 68 | 7,353 | 342,825 |
| Approvals per 1,000 establishments | 40.9 | 28.5 | 41.0 |
| Median 7(a) approval | $257K | $326K | $190K |
| Median 504 approval | — | $753K | $657K |
| Average approval | $500K | $731K | $573K |
| 504 share of approvals | 2.9% | 6.4% | 11.0% |
| Jobs supported per approval, as reported | 9.9 | 12.2 | 10.5 |
| Share of state approvals | 0.9% | 100.0% | — |
Approval sizes
- $50,000 or less16.2%11
- $50,001 to $150,00026.5%18
- $150,001 to $350,00014.7%10
- $350,001 to $1 million30.9%21
- $1 million to $2 million7.4%5
- Over $2 million4.4%3
Age of the businesses
- Existing, more than 2 years old58.8%40
- New business, 2 years or less22.1%15
- Startup, loan funds will open the business16.2%11
- Change of ownership2.9%2
Questions and answers
Which lenders make the most SBA loans in Surry County?
By approvals in FY2021 to FY2025: First Community Bank (51), The First Bank and Trust Company (3), Wells Fargo Bank National Association (2), Truist Bank (2), Beacon Bank and Trust (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Surry County?
The median 7(a) approval was $257K; the North Carolina 7(a) median was $326K.
Which industries get the most SBA loans in Surry County?
Restaurants and Other Eating Places (5); General Freight Trucking (4); Services to Buildings and Dwellings (4); Other Specialty Trade Contractors (3); Lessors of Real Estate (3).
Is SBA lending in Surry County rising?
Approvals in the three latest complete fiscal years total 41, against 35 in the three before: rising (+17%).
How does Surry County compare with the rest of North Carolina?
40.9 approvals per 1,000 establishments against 28.5 statewide, and 68 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