States › South Carolina › Laurens County
County17th of 46 in South Carolina by approvalsFIPS 45059
SBA loans in Laurens 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 Laurens County, South Carolina, received 43 SBA loan approvals worth $20.6M in FY2021 to FY2025 (41 7(a), 2 504).
That is 43.7 approvals per 1,000 business establishments (985 establishments in 2023), above the South Carolina figure of 30.7 and close to the national 41.0.
It ranks 17th of 46 South Carolina counties with approvals. In FY2025 there were 5, down 50% on FY2024.
17 lenders had approvals here; the most active were TD Bank, National Association (21), Countybank (4) and Wells Fargo Bank National Association (3). The most common industry was services to buildings and dwellings.
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 Laurens County
By number of approvals to businesses in the county, FY2021–FY2025; 17 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 21 | $1.1M | 48.8% | |
| 2 | CountybankGreenwood, SC | 4 | $2.2M | 9.3% | |
| 3 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $222K | 7.0% | |
| 4 | Oconee State BankWatkinsville, GA | 2 | — | 4.7% | |
| 5 | Certified Development Corporation of South CarolinaColumbia, SC · CDC | 1 | — | 2.3% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.3% | |
| 7 | Pinnacle BankNashville, TN | 1 | — | 2.3% | |
| 8 | Bank Five NineOconomowoc, WI | 1 | — | 2.3% | |
| 9 | First BankSouthern Pines, NC | 1 | — | 2.3% | |
| 10 | Bank of Oak RidgeOak Ridge, NC | 1 | — | 2.3% | |
| 11 | Dime Commercial BankHauppauge, NY | 1 | — | 2.3% | |
| 12 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.3% | |
| 13 | Appalachian Development CorporationGreenville, SC · CDC | 1 | — | 2.3% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.3% | |
| 15 | Renasant BankTupelo, MS | 1 | — | 2.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 6 | 14.0% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 9.3% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 7.0% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 3 | 7.0% | |
| 5 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 2 | 4.7% | |
| 6 | Traveler AccommodationNAICS 7211 | 2 | 4.7% | |
| 7 | Residential Building ConstructionNAICS 2361 | 2 | 4.7% | |
| 8 | Wholesale Electronic Markets and Agents and BrokersNAICS 4251 | 1 | 2.3% | |
| 9 | Lessors of Real EstateNAICS 5311 | 1 | 2.3% | |
| 10 | Child Day Care ServicesNAICS 6244 | 1 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 11 | 25.6% | |
| 2 | Administrative and Support and Waste Management and Remediation Services | 9 | 20.9% | |
| 3 | Construction | 8 | 18.6% | |
| 4 | Health Care and Social Assistance | 3 | 7.0% | |
| 5 | Retail Trade | 3 | 7.0% | |
| 6 | Transportation and Warehousing | 2 | 4.7% | |
| 7 | Other Services (except Public Administration) | 2 | 4.7% | |
| 8 | Wholesale Trade | 1 | 2.3% |
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* | 2 | — | — | 0 | — | 2 | 0 |
| FY2025 | 5 | $4.3M | $225K | 0 | — | 5 | 44 |
| FY2024 | 10 | $1.7M | $73K | 0 | — | 10 | 14 |
| FY2023 | 6 | $1.2M | $120K | 1 | — | 7 | 21 |
| FY2022 | 11 | $3.6M | $100K | 1 | — | 12 | 199 |
| FY2021 | 9 | $4.6M | $75K | 0 | — | 9 | 26 |
| FY2020 | 4 | $4.0M | $705K | 1 | — | 5 | 69 |
| FY2019 | 10 | $4.5M | $429K | 0 | — | 10 | 36 |
| FY2018 | 5 | $765K | $85K | 1 | — | 6 | 54 |
| FY2017 | 3 | $3.4M | $100K | 0 | — | 3 | 16 |
| FY2016 | 5 | $671K | $50K | 0 | — | 5 | 9 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 29 approvals.
Against South Carolina and the country
| FY2021–FY2025 | Laurens County | South Carolina | United States |
|---|---|---|---|
| Approvals | 43 | 3,775 | 342,825 |
| Approvals per 1,000 establishments | 43.7 | 30.7 | 41.0 |
| Median 7(a) approval | $100K | $260K | $190K |
| Median 504 approval | — | $892K | $657K |
| Average approval | $478K | $666K | $573K |
| 504 share of approvals | 4.7% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 7.1 | 11.3 | 10.5 |
| Share of state approvals | 1.1% | 100.0% | — |
Approval sizes
- $50,000 or less39.5%17
- $50,001 to $150,00020.9%9
- $150,001 to $350,00011.6%5
- $350,001 to $1 million16.3%7
- $1 million to $2 million4.7%2
- Over $2 million7.0%3
Age of the businesses
- Existing, more than 2 years old53.5%23
- New business, 2 years or less25.6%11
- Startup, loan funds will open the business14.0%6
- Change of ownership7.0%3
Questions and answers
Which lenders make the most SBA loans in Laurens County?
By approvals in FY2021 to FY2025: TD Bank, National Association (21), Countybank (4), Wells Fargo Bank National Association (3), Oconee State Bank (2), Certified Development Corporation of South Carolina (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Laurens County?
The median 7(a) approval was $100K; the South Carolina 7(a) median was $260K.
Which industries get the most SBA loans in Laurens County?
Services to Buildings and Dwellings (6); Restaurants and Other Eating Places (4); Other Specialty Trade Contractors (3); Building Equipment Contractors (3); RV (Recreational Vehicle) Parks and Recreational Camps (2).
Is SBA lending in Laurens County rising?
Approvals in the three latest complete fiscal years total 22, against 26 in the three before: falling (-15%).
How does Laurens County compare with the rest of South Carolina?
43.7 approvals per 1,000 establishments against 30.7 statewide, and 43 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