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County13th of 46 in South Carolina by approvalsFIPS 45057
SBA loans in Lancaster 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.
SBA approved 79 loans to businesses in Lancaster County, South Carolina, in FY2021 to FY2025, worth $52.6M: 74 under 7(a) and 5 under 504.
That is 44.7 approvals per 1,000 business establishments (1,769 establishments in 2023), above the South Carolina figure of 30.7 and close to the national 41.0.
It ranks 13th of 46 South Carolina counties with approvals. In FY2025 there were 26, up 37% on FY2024.
31 lenders had approvals here; the most active were Wells Fargo Bank National Association (9), The Huntington National Bank (8) and Newtek Bank, National Association (7). The most common industry was other amusement and recreation industries.
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 Lancaster County
By number of approvals to businesses in the county, FY2021–FY2025; 31 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National AssociationSioux Falls, SD | 9 | $570K | 11.4% | |
| 2 | The Huntington National BankColumbus, OH | 8 | $2.0M | 10.1% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 7 | $3.2M | 8.9% | |
| 4 | TD Bank, National AssociationWilmington, DE | 7 | $1.8M | 8.9% | |
| 5 | Pinnacle BankNashville, TN | 5 | $13.2M | 6.3% | |
| 6 | Bank of America, National AssociationCharlotte, NC | 4 | $1.1M | 5.1% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 3 | $5.0M | 3.8% | |
| 8 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $1.2M | 3.8% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $525K | 3.8% | |
| 10 | First-Citizens Bank & Trust CompanyRaleigh, NC | 2 | — | 2.5% | |
| 11 | Catawba Regional Development CorporationRock Hill, SC · CDC | 2 | — | 2.5% | |
| 12 | Leader Bank, National AssociationArlington, MA | 2 | — | 2.5% | |
| 13 | Provident Business Financial Services, Inc.West Columbia, SC · CDC | 2 | — | 2.5% | |
| 14 | Meridian BankMalvern, PA | 2 | — | 2.5% | |
| 15 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 2.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 7.6% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 7.6% | |
| 3 | Child Day Care ServicesNAICS 6244 | 5 | 6.3% | |
| 4 | Other Personal ServicesNAICS 8129 | 5 | 6.3% | |
| 5 | Residential Building ConstructionNAICS 2361 | 4 | 5.1% | |
| 6 | General Freight TruckingNAICS 4841 | 4 | 5.1% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 3 | 3.8% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.8% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 3 | 3.8% | |
| 10 | Grocery StoresNAICS 4451 | 2 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 13 | 16.5% | |
| 2 | Health Care and Social Assistance | 8 | 10.1% | |
| 3 | Arts, Entertainment, and Recreation | 8 | 10.1% | |
| 4 | Other Services (except Public Administration) | 7 | 8.9% | |
| 5 | Professional, Scientific, and Technical Services | 6 | 7.6% | |
| 6 | Transportation and Warehousing | 6 | 7.6% | |
| 7 | Accommodation and Food Services | 6 | 7.6% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 6 | 7.6% |
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* | 15 | $10.5M | $350K | 2 | — | 17 | 182 |
| FY2025 | 26 | $7.5M | $225K | 0 | — | 26 | 281 |
| FY2024 | 18 | $13.6M | $475K | 1 | — | 19 | 226 |
| FY2023 | 16 | $11.1M | $200K | 0 | — | 16 | 251 |
| FY2022 | 4 | $805K | $165K | 0 | — | 4 | 24 |
| FY2021 | 10 | $12.0M | $345K | 4 | $6.2M | 14 | 218 |
| FY2020 | 5 | $2.6M | $546K | 0 | — | 5 | 82 |
| FY2019 | 16 | $12.3M | $488K | 2 | — | 18 | 147 |
| FY2018 | 12 | $6.4M | $150K | 2 | — | 14 | 140 |
| FY2017 | 5 | $615K | $50K | 1 | — | 6 | 39 |
| FY2016 | 11 | $7.8M | $218K | 0 | — | 11 | 89 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 54 approvals.
Against South Carolina and the country
| FY2021–FY2025 | Lancaster County | South Carolina | United States |
|---|---|---|---|
| Approvals | 79 | 3,775 | 342,825 |
| Approvals per 1,000 establishments | 44.7 | 30.7 | 41.0 |
| Median 7(a) approval | $255K | $260K | $190K |
| Median 504 approval | $1.3M | $892K | $657K |
| Average approval | $666K | $666K | $573K |
| 504 share of approvals | 6.3% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 12.7 | 11.3 | 10.5 |
| Share of state approvals | 2.1% | 100.0% | — |
Approval sizes
- $50,000 or less22.8%18
- $50,001 to $150,00013.9%11
- $150,001 to $350,00019.0%15
- $350,001 to $1 million26.6%21
- $1 million to $2 million10.1%8
- Over $2 million7.6%6
Age of the businesses
- Existing, more than 2 years old40.5%32
- New business, 2 years or less25.3%20
- Startup, loan funds will open the business26.6%21
- Change of ownership7.6%6
Questions and answers
Which lenders make the most SBA loans in Lancaster County?
By approvals in FY2021 to FY2025: Wells Fargo Bank National Association (9), The Huntington National Bank (8), Newtek Bank, National Association (7), TD Bank, National Association (7), Pinnacle Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lancaster County?
The median 7(a) approval was $255K and the median 504 approval $1.3M; the South Carolina 7(a) median was $260K.
Which industries get the most SBA loans in Lancaster County?
Other Amusement and Recreation Industries (6); Restaurants and Other Eating Places (6); Child Day Care Services (5); Other Personal Services (5); Residential Building Construction (4).
Is SBA lending in Lancaster County rising?
Approvals in the three latest complete fiscal years total 61, against 23 in the three before: rising (+165%).
How does Lancaster County compare with the rest of South Carolina?
44.7 approvals per 1,000 establishments against 30.7 statewide, and 79 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