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County7th of 46 in South Carolina by approvalsFIPS 45013
SBA loans in Beaufort 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 Beaufort County, South Carolina, received 219 SBA loan approvals worth $132M in FY2021 to FY2025 (210 7(a), 9 504).
That is 36.0 approvals per 1,000 business establishments (6,087 establishments in 2023), above the South Carolina figure of 30.7 and close to the national 41.0.
It ranks 7th of 46 South Carolina counties with approvals. In FY2025 there were 70, up 49% on FY2024.
57 lenders had approvals here; the most active were TD Bank, National Association (27), The Huntington National Bank (15) and Pinnacle Bank (11). 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 Beaufort County
By number of approvals to businesses in the county, FY2021–FY2025; 57 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 27 | $9.7M | 12.3% | |
| 2 | The Huntington National BankColumbus, OH | 15 | $6.0M | 6.8% | |
| 3 | Pinnacle BankNashville, TN | 11 | $8.3M | 5.0% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 10 | $11.1M | 4.6% | |
| 5 | First Federal BankLake City, FL | 10 | $3.9M | 4.6% | |
| 6 | Northeast BankLewiston, ME | 10 | $1.4M | 4.6% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 9 | $8.7M | 4.1% | |
| 8 | Customers BankMalvern, PA | 7 | $5.4M | 3.2% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 7 | $2.0M | 3.2% | |
| 10 | Truist BankCharlotte, NC | 6 | $6.3M | 2.7% | |
| 11 | United Community BankGreenville, SC | 6 | $4.9M | 2.7% | |
| 12 | Harvest Small Business Finance, LLCLaguna Hills, CA | 6 | $3.3M | 2.7% | |
| 13 | United Midwest Savings Bank National AssociationDe Graff, OH | 6 | $2.9M | 2.7% | |
| 14 | SouthState Bank, National AssociationWinter Haven, FL | 6 | $2.2M | 2.7% | |
| 15 | Newtek Bank, National AssociationMiami, FL | 6 | $1.0M | 2.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 26 | 11.9% | |
| 2 | Residential Building ConstructionNAICS 2361 | 13 | 5.9% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 12 | 5.5% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 12 | 5.5% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 10 | 4.6% | |
| 6 | Personal Care ServicesNAICS 8121 | 9 | 4.1% | |
| 7 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 7 | 3.2% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 3.2% | |
| 9 | Traveler AccommodationNAICS 7211 | 6 | 2.7% | |
| 10 | Offices of PhysiciansNAICS 6211 | 6 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 46 | 21.0% | |
| 2 | Accommodation and Food Services | 33 | 15.1% | |
| 3 | Retail Trade | 26 | 11.9% | |
| 4 | Other Services (except Public Administration) | 19 | 8.7% | |
| 5 | Health Care and Social Assistance | 18 | 8.2% | |
| 6 | Arts, Entertainment, and Recreation | 16 | 7.3% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 14 | 6.4% | |
| 8 | Professional, Scientific, and Technical Services | 12 | 5.5% |
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* | 32 | $19.8M | $300K | 2 | — | 34 | 323 |
| FY2025 | 67 | $35.8M | $250K | 3 | $3.5M | 70 | 741 |
| FY2024 | 47 | $19.4M | $240K | 0 | — | 47 | 317 |
| FY2023 | 39 | $24.2M | $350K | 1 | — | 40 | 431 |
| FY2022 | 26 | $15.7M | $285K | 1 | — | 27 | 302 |
| FY2021 | 31 | $25.9M | $440K | 4 | $5.8M | 35 | 302 |
| FY2020 | 19 | $13.7M | $370K | 3 | $6.6M | 22 | 394 |
| FY2019 | 27 | $14.0M | $100K | 1 | — | 28 | 402 |
| FY2018 | 41 | $25.3M | $112K | 1 | — | 42 | 418 |
| FY2017 | 31 | $21.2M | $100K | 2 | — | 33 | 220 |
| FY2016 | 28 | $12.1M | $181K | 3 | $1.2M | 31 | 281 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 156 approvals.
Against South Carolina and the country
| FY2021–FY2025 | Beaufort County | South Carolina | United States |
|---|---|---|---|
| Approvals | 219 | 3,775 | 342,825 |
| Approvals per 1,000 establishments | 36.0 | 30.7 | 41.0 |
| Median 7(a) approval | $300K | $260K | $190K |
| Median 504 approval | $841K | $892K | $657K |
| Average approval | $601K | $666K | $573K |
| 504 share of approvals | 4.1% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 9.6 | 11.3 | 10.5 |
| Share of state approvals | 5.8% | 100.0% | — |
Approval sizes
- $50,000 or less16.4%36
- $50,001 to $150,00018.7%41
- $150,001 to $350,00020.1%44
- $350,001 to $1 million31.1%68
- $1 million to $2 million7.3%16
- Over $2 million6.4%14
Age of the businesses
- Existing, more than 2 years old42.9%94
- New business, 2 years or less18.3%40
- Startup, loan funds will open the business25.1%55
- Change of ownership13.2%29
- Not answered0.5%1
Questions and answers
Which lenders make the most SBA loans in Beaufort County?
By approvals in FY2021 to FY2025: TD Bank, National Association (27), The Huntington National Bank (15), Pinnacle Bank (11), Live Oak Banking Company (10), First Federal Bank (10). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Beaufort County?
The median 7(a) approval was $300K and the median 504 approval $841K; the South Carolina 7(a) median was $260K.
Which industries get the most SBA loans in Beaufort County?
Restaurants and Other Eating Places (26); Residential Building Construction (13); Services to Buildings and Dwellings (12); Building Equipment Contractors (12); Other Amusement and Recreation Industries (10).
Is SBA lending in Beaufort County rising?
Approvals in the three latest complete fiscal years total 157, against 84 in the three before: rising (+87%).
How does Beaufort County compare with the rest of South Carolina?
36.0 approvals per 1,000 establishments against 30.7 statewide, and 219 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