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County5th of 46 in South Carolina by approvalsFIPS 45051
SBA loans in Horry 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 Horry County, South Carolina, received 270 SBA loan approvals worth $189M in FY2021 to FY2025 (251 7(a), 19 504).
That is 25.6 approvals per 1,000 business establishments (10,550 establishments in 2023), below the South Carolina figure of 30.7 and below the national 41.0.
It ranks 5th of 46 South Carolina counties with approvals. In FY2025 there were 69, down 8% on FY2024.
64 lenders had approvals here; the most active were TD Bank, National Association (54), The Huntington National Bank (20) and Wells Fargo Bank National Association (19). 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 Horry County
By number of approvals to businesses in the county, FY2021–FY2025; 64 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 54 | $7.8M | 20.0% | |
| 2 | The Huntington National BankColumbus, OH | 20 | $11.0M | 7.4% | |
| 3 | Wells Fargo Bank National AssociationSioux Falls, SD | 19 | $4.0M | 7.0% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 16 | $7.8M | 5.9% | |
| 5 | SouthState Bank, National AssociationWinter Haven, FL | 11 | $4.6M | 4.1% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 10 | $12.4M | 3.7% | |
| 7 | Provident Business Financial Services, Inc.West Columbia, SC · CDC | 9 | $11.4M | 3.3% | |
| 8 | Newtek Small Business Finance, Inc.Lake Success, NY | 9 | $5.3M | 3.3% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 9 | $2.7M | 3.3% | |
| 10 | Bank of America, National AssociationCharlotte, NC | 7 | $4.1M | 2.6% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 7 | $2.8M | 2.6% | |
| 12 | Pinnacle BankNashville, TN | 6 | $6.6M | 2.2% | |
| 13 | United Midwest Savings Bank National AssociationDe Graff, OH | 5 | $785K | 1.9% | |
| 14 | GBankLas Vegas, NV | 4 | $18.5M | 1.5% | |
| 15 | Certified Development Corporation of South CarolinaColumbia, SC · CDC | 4 | $6.1M | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 32 | 11.9% | |
| 2 | Traveler AccommodationNAICS 7211 | 17 | 6.3% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 15 | 5.6% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 14 | 5.2% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 12 | 4.4% | |
| 6 | Personal Care ServicesNAICS 8121 | 12 | 4.4% | |
| 7 | Beer, Wine, and Liquor StoresNAICS 4453 | 9 | 3.3% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 8 | 3.0% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 7 | 2.6% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 6 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 53 | 19.6% | |
| 2 | Other Services (except Public Administration) | 34 | 12.6% | |
| 3 | Retail Trade | 32 | 11.9% | |
| 4 | Construction | 26 | 9.6% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 26 | 9.6% | |
| 6 | Health Care and Social Assistance | 22 | 8.1% | |
| 7 | Arts, Entertainment, and Recreation | 13 | 4.8% | |
| 8 | Professional, Scientific, and Technical Services | 13 | 4.8% |
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* | 28 | $15.3M | $350K | 3 | $1.3M | 31 | 525 |
| FY2025 | 65 | $45.0M | $300K | 4 | $11.5M | 69 | 844 |
| FY2024 | 69 | $43.4M | $250K | 6 | $10.7M | 75 | 827 |
| FY2023 | 51 | $26.4M | $212K | 2 | — | 53 | 718 |
| FY2022 | 38 | $15.8M | $170K | 5 | $6.1M | 43 | 314 |
| FY2021 | 28 | $24.6M | $491K | 2 | — | 30 | 376 |
| FY2020 | 29 | $22.7M | $429K | 2 | — | 31 | 527 |
| FY2019 | 46 | $16.4M | $226K | 4 | $4.0M | 50 | 513 |
| FY2018 | 44 | $22.8M | $235K | 0 | — | 44 | 575 |
| FY2017 | 23 | $21.4M | $150K | 1 | — | 24 | 294 |
| FY2016 | 31 | $16.8M | $338K | 0 | — | 31 | 382 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 180 approvals.
Against South Carolina and the country
| FY2021–FY2025 | Horry County | South Carolina | United States |
|---|---|---|---|
| Approvals | 270 | 3,775 | 342,825 |
| Approvals per 1,000 establishments | 25.6 | 30.7 | 41.0 |
| Median 7(a) approval | $250K | $260K | $190K |
| Median 504 approval | $1.8M | $892K | $657K |
| Average approval | $701K | $666K | $573K |
| 504 share of approvals | 7.0% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 11.4 | 11.3 | 10.5 |
| Share of state approvals | 7.2% | 100.0% | — |
Approval sizes
- $50,000 or less24.4%66
- $50,001 to $150,00014.8%40
- $150,001 to $350,00016.3%44
- $350,001 to $1 million23.7%64
- $1 million to $2 million10.7%29
- Over $2 million10.0%27
Age of the businesses
- Existing, more than 2 years old44.8%121
- New business, 2 years or less27.4%74
- Startup, loan funds will open the business18.1%49
- Change of ownership9.6%26
Questions and answers
Which lenders make the most SBA loans in Horry County?
By approvals in FY2021 to FY2025: TD Bank, National Association (54), The Huntington National Bank (20), Wells Fargo Bank National Association (19), Readycap Lending, LLC (16), SouthState Bank, National Association (11). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Horry County?
The median 7(a) approval was $250K and the median 504 approval $1.8M; the South Carolina 7(a) median was $260K.
Which industries get the most SBA loans in Horry County?
Restaurants and Other Eating Places (32); Traveler Accommodation (17); Services to Buildings and Dwellings (15); Automotive Repair and Maintenance (14); Other Amusement and Recreation Industries (12).
Is SBA lending in Horry County rising?
Approvals in the three latest complete fiscal years total 197, against 104 in the three before: rising (+89%).
How does Horry County compare with the rest of South Carolina?
25.6 approvals per 1,000 establishments against 30.7 statewide, and 270 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