States › South Carolina › Lexington County
County8th of 46 in South Carolina by approvalsFIPS 45063
SBA loans in Lexington 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 Lexington County, South Carolina, received 214 SBA loan approvals worth $140M in FY2021 to FY2025 (193 7(a), 21 504).
That is 29.0 approvals per 1,000 business establishments (7,391 establishments in 2023), close to the South Carolina figure of 30.7 and below the national 41.0.
It ranks 8th of 46 South Carolina counties with approvals. In FY2025 there were 49, up 23% on FY2024.
58 lenders had approvals here; the most active were Live Oak Banking Company (16), TD Bank, National Association (16) and The Huntington National Bank (14). 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 Lexington County
By number of approvals to businesses in the county, FY2021–FY2025; 58 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 16 | $19.5M | 7.5% | |
| 2 | TD Bank, National AssociationWilmington, DE | 16 | $2.2M | 7.5% | |
| 3 | The Huntington National BankColumbus, OH | 14 | $9.4M | 6.5% | |
| 4 | United Midwest Savings Bank National AssociationDe Graff, OH | 13 | $3.3M | 6.1% | |
| 5 | Provident Business Financial Services, Inc.West Columbia, SC · CDC | 11 | $10.8M | 5.1% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 11 | $808K | 5.1% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 9 | $1.7M | 4.2% | |
| 8 | Certified Development Corporation of South CarolinaColumbia, SC · CDC | 8 | $6.6M | 3.7% | |
| 9 | Pinnacle BankNashville, TN | 8 | $5.3M | 3.7% | |
| 10 | United Community BankGreenville, SC | 7 | $4.1M | 3.3% | |
| 11 | SouthState Bank, National AssociationWinter Haven, FL | 7 | $1.4M | 3.3% | |
| 12 | Northeast BankLewiston, ME | 7 | $848K | 3.3% | |
| 13 | First-Citizens Bank & Trust CompanyRaleigh, NC | 6 | $8.5M | 2.8% | |
| 14 | Newtek Bank, National AssociationMiami, FL | 6 | $3.2M | 2.8% | |
| 15 | Bank of America, National AssociationCharlotte, NC | 4 | $3.9M | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 23 | 10.7% | |
| 2 | Personal Care ServicesNAICS 8121 | 8 | 3.7% | |
| 3 | Traveler AccommodationNAICS 7211 | 7 | 3.3% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 3.3% | |
| 5 | General Freight TruckingNAICS 4841 | 7 | 3.3% | |
| 6 | Personal and Household Goods Repair and MaintenanceNAICS 8114 | 6 | 2.8% | |
| 7 | Health and Personal Care RetailersNAICS 4561 | 6 | 2.8% | |
| 8 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 6 | 2.8% | |
| 9 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 6 | 2.8% | |
| 10 | Remediation and Other Waste Management ServicesNAICS 5629 | 6 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 34 | 15.9% | |
| 2 | Accommodation and Food Services | 33 | 15.4% | |
| 3 | Other Services (except Public Administration) | 25 | 11.7% | |
| 4 | Construction | 16 | 7.5% | |
| 5 | Professional, Scientific, and Technical Services | 15 | 7.0% | |
| 6 | Health Care and Social Assistance | 14 | 6.5% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 14 | 6.5% | |
| 8 | Manufacturing | 13 | 6.1% |
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* | 27 | $15.8M | $150K | 3 | $4.0M | 30 | 199 |
| FY2025 | 47 | $24.4M | $150K | 2 | — | 49 | 354 |
| FY2024 | 38 | $24.5M | $215K | 2 | — | 40 | 382 |
| FY2023 | 39 | $25.7M | $250K | 1 | — | 40 | 558 |
| FY2022 | 27 | $19.6M | $500K | 9 | $11.2M | 36 | 538 |
| FY2021 | 42 | $26.2M | $340K | 7 | $4.7M | 49 | 529 |
| FY2020 | 34 | $28.5M | $282K | 8 | $5.9M | 42 | 361 |
| FY2019 | 29 | $13.7M | $100K | 4 | $1.8M | 33 | 295 |
| FY2018 | 36 | $22.0M | $181K | 0 | — | 36 | 323 |
| FY2017 | 35 | $31.3M | $350K | 6 | $4.3M | 41 | 313 |
| FY2016 | 29 | $14.0M | $150K | 2 | — | 31 | 203 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 183 approvals.
Against South Carolina and the country
| FY2021–FY2025 | Lexington County | South Carolina | United States |
|---|---|---|---|
| Approvals | 214 | 3,775 | 342,825 |
| Approvals per 1,000 establishments | 29.0 | 30.7 | 41.0 |
| Median 7(a) approval | $252K | $260K | $190K |
| Median 504 approval | $538K | $892K | $657K |
| Average approval | $655K | $666K | $573K |
| 504 share of approvals | 9.8% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 11.0 | 11.3 | 10.5 |
| Share of state approvals | 5.7% | 100.0% | — |
Approval sizes
- $50,000 or less13.1%28
- $50,001 to $150,00022.9%49
- $150,001 to $350,00018.2%39
- $350,001 to $1 million25.7%55
- $1 million to $2 million13.6%29
- Over $2 million6.5%14
Age of the businesses
- Existing, more than 2 years old39.7%85
- New business, 2 years or less18.7%40
- Startup, loan funds will open the business22.4%48
- Change of ownership19.2%41
Questions and answers
Which lenders make the most SBA loans in Lexington County?
By approvals in FY2021 to FY2025: Live Oak Banking Company (16), TD Bank, National Association (16), The Huntington National Bank (14), United Midwest Savings Bank National Association (13), Provident Business Financial Services, Inc. (11). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lexington County?
The median 7(a) approval was $252K and the median 504 approval $538K; the South Carolina 7(a) median was $260K.
Which industries get the most SBA loans in Lexington County?
Restaurants and Other Eating Places (23); Personal Care Services (8); Traveler Accommodation (7); Other Amusement and Recreation Industries (7); General Freight Trucking (7).
Is SBA lending in Lexington County rising?
Approvals in the three latest complete fiscal years total 129, against 127 in the three before: broadly level (+2%).
How does Lexington County compare with the rest of South Carolina?
29.0 approvals per 1,000 establishments against 30.7 statewide, and 214 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