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County10th of 46 in South Carolina by approvalsFIPS 45007
SBA loans in Anderson County, South 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 Anderson County, South Carolina, received 142 SBA loan approvals worth $76.1M in FY2021 to FY2025 (136 7(a), 6 504).
That is 34.1 approvals per 1,000 business establishments (4,160 establishments in 2023), close to the South Carolina figure of 30.7 and below the national 41.0.
It ranks 10th of 46 South Carolina counties with approvals. In FY2025 there were 33, down 13% on FY2024.
40 lenders had approvals here; the most active were TD Bank, National Association (32), Live Oak Banking Company (10) and SouthState Bank, National Association (9). 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 Anderson County
By number of approvals to businesses in the county, FY2021–FY2025; 40 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 32 | $3.5M | 22.5% | |
| 2 | Live Oak Banking CompanyWilmington, NC | 10 | $11.6M | 7.0% | |
| 3 | SouthState Bank, National AssociationWinter Haven, FL | 9 | $5.1M | 6.3% | |
| 4 | CountybankGreenwood, SC | 9 | $5.0M | 6.3% | |
| 5 | Northeast BankLewiston, ME | 7 | $867K | 4.9% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 7 | $100K | 4.9% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 6 | $2.3M | 4.2% | |
| 8 | United Midwest Savings Bank National AssociationDe Graff, OH | 6 | $750K | 4.2% | |
| 9 | The Park National BankNewark, OH | 5 | $6.0M | 3.5% | |
| 10 | Appalachian Development CorporationGreenville, SC · CDC | 5 | $2.7M | 3.5% | |
| 11 | First BankSouthern Pines, NC | 4 | $5.8M | 2.8% | |
| 12 | The Huntington National BankColumbus, OH | 4 | $941K | 2.8% | |
| 13 | TowneBankPortsmouth, VA | 3 | $2.5M | 2.1% | |
| 14 | Pinnacle BankNashville, TN | 3 | $1.7M | 2.1% | |
| 15 | Bank of Travelers RestTravelers Rest, SC | 3 | $640K | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 17 | 12.0% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 10 | 7.0% | |
| 3 | Residential Building ConstructionNAICS 2361 | 7 | 4.9% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 7 | 4.9% | |
| 5 | Building Finishing ContractorsNAICS 2383 | 6 | 4.2% | |
| 6 | General Freight TruckingNAICS 4841 | 6 | 4.2% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 5 | 3.5% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 3.5% | |
| 9 | Lessors of Real EstateNAICS 5311 | 4 | 2.8% | |
| 10 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 4 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 25 | 17.6% | |
| 2 | Accommodation and Food Services | 20 | 14.1% | |
| 3 | Other Services (except Public Administration) | 19 | 13.4% | |
| 4 | Retail Trade | 15 | 10.6% | |
| 5 | Professional, Scientific, and Technical Services | 12 | 8.5% | |
| 6 | Transportation and Warehousing | 11 | 7.7% | |
| 7 | Health Care and Social Assistance | 10 | 7.0% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 8 | 5.6% |
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* | 17 | $13.4M | $350K | 0 | — | 17 | 208 |
| FY2025 | 32 | $16.8M | $218K | 1 | — | 33 | 221 |
| FY2024 | 37 | $12.7M | $160K | 1 | — | 38 | 382 |
| FY2023 | 19 | $10.0M | $170K | 1 | — | 20 | 126 |
| FY2022 | 23 | $19.4M | $186K | 2 | — | 25 | 317 |
| FY2021 | 25 | $14.3M | $325K | 1 | — | 26 | 489 |
| FY2020 | 11 | $4.9M | $200K | 0 | — | 11 | 84 |
| FY2019 | 15 | $7.0M | $400K | 3 | $2.2M | 18 | 168 |
| FY2018 | 38 | $6.5M | $35K | 0 | — | 38 | 184 |
| FY2017 | 24 | $6.8M | $55K | 0 | — | 24 | 86 |
| FY2016 | 11 | $3.3M | $15K | 0 | — | 11 | 12 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 102 approvals.
Against South Carolina and the country
| FY2021–FY2025 | Anderson County | South Carolina | United States |
|---|---|---|---|
| Approvals | 142 | 3,775 | 342,825 |
| Approvals per 1,000 establishments | 34.1 | 30.7 | 41.0 |
| Median 7(a) approval | $206K | $260K | $190K |
| Median 504 approval | $358K | $892K | $657K |
| Average approval | $536K | $666K | $573K |
| 504 share of approvals | 4.2% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 10.8 | 11.3 | 10.5 |
| Share of state approvals | 3.8% | 100.0% | — |
Approval sizes
- $50,000 or less23.9%34
- $50,001 to $150,00020.4%29
- $150,001 to $350,00020.4%29
- $350,001 to $1 million22.5%32
- $1 million to $2 million6.3%9
- Over $2 million6.3%9
Age of the businesses
- Existing, more than 2 years old47.2%67
- New business, 2 years or less27.5%39
- Startup, loan funds will open the business15.5%22
- Change of ownership9.9%14
Questions and answers
Which lenders make the most SBA loans in Anderson County?
By approvals in FY2021 to FY2025: TD Bank, National Association (32), Live Oak Banking Company (10), SouthState Bank, National Association (9), Countybank (9), Northeast Bank (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Anderson County?
The median 7(a) approval was $206K and the median 504 approval $358K; the South Carolina 7(a) median was $260K.
Which industries get the most SBA loans in Anderson County?
Restaurants and Other Eating Places (17); Automotive Repair and Maintenance (10); Residential Building Construction (7); Management, Scientific, and Technical Consulting Services (7); Building Finishing Contractors (6).
Is SBA lending in Anderson County rising?
Approvals in the three latest complete fiscal years total 91, against 62 in the three before: rising (+47%).
How does Anderson County compare with the rest of South Carolina?
34.1 approvals per 1,000 establishments against 30.7 statewide, and 142 of the state's 3,775 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