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County4th of 46 in South Carolina by approvalsFIPS 45079
SBA loans in Richland 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 277 loans to businesses in Richland County, South Carolina, in FY2021 to FY2025, worth $173M: 265 under 7(a) and 12 under 504.
That is 29.4 approvals per 1,000 business establishments (9,426 establishments in 2023), close to the South Carolina figure of 30.7 and below the national 41.0.
It ranks 4th of 46 South Carolina counties with approvals. In FY2025 there were 74, about level with FY2024.
58 lenders had approvals here; the most active were TD Bank, National Association (37), The Huntington National Bank (29) and Wells Fargo Bank National Association (25). 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 Richland County
By number of approvals to businesses in the county, FY2021–FY2025; 58 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 37 | $5.0M | 13.4% | |
| 2 | The Huntington National BankColumbus, OH | 29 | $12.5M | 10.5% | |
| 3 | Wells Fargo Bank National AssociationSioux Falls, SD | 25 | $2.0M | 9.0% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 15 | $35.5M | 5.4% | |
| 5 | Northeast BankLewiston, ME | 14 | $1.9M | 5.1% | |
| 6 | SouthState Bank, National AssociationWinter Haven, FL | 11 | $3.4M | 4.0% | |
| 7 | United Midwest Savings Bank National AssociationDe Graff, OH | 10 | $2.8M | 3.6% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 10 | $1.8M | 3.6% | |
| 9 | Security Federal BankAiken, SC | 9 | $3.1M | 3.2% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 9 | $2.7M | 3.2% | |
| 11 | Certified Development Corporation of South CarolinaColumbia, SC · CDC | 8 | $8.2M | 2.9% | |
| 12 | First-Citizens Bank & Trust CompanyRaleigh, NC | 6 | $6.5M | 2.2% | |
| 13 | Citizens BankElizabethton, TN | 6 | $3.5M | 2.2% | |
| 14 | Newtek Small Business Finance, Inc.Lake Success, NY | 6 | $3.4M | 2.2% | |
| 15 | Business Development Corporation of South CarolinaColumbia, SC | 6 | $2.8M | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 36 | 13.0% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 13 | 4.7% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 11 | 4.0% | |
| 4 | Traveler AccommodationNAICS 7211 | 9 | 3.2% | |
| 5 | Personal Care ServicesNAICS 8121 | 9 | 3.2% | |
| 6 | Residential Building ConstructionNAICS 2361 | 9 | 3.2% | |
| 7 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 8 | 2.9% | |
| 8 | Other Personal ServicesNAICS 8129 | 8 | 2.9% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 7 | 2.5% | |
| 10 | Health and Personal Care RetailersNAICS 4561 | 7 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 48 | 17.3% | |
| 2 | Construction | 39 | 14.1% | |
| 3 | Retail Trade | 34 | 12.3% | |
| 4 | Health Care and Social Assistance | 32 | 11.6% | |
| 5 | Other Services (except Public Administration) | 26 | 9.4% | |
| 6 | Professional, Scientific, and Technical Services | 21 | 7.6% | |
| 7 | Real Estate and Rental and Leasing | 12 | 4.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 12 | 4.3% |
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* | 33 | $25.3M | $296K | 1 | — | 34 | 439 |
| FY2025 | 71 | $25.9M | $150K | 3 | $4.5M | 74 | 728 |
| FY2024 | 70 | $32.8M | $150K | 2 | — | 72 | 1,006 |
| FY2023 | 58 | $32.8M | $150K | 0 | — | 58 | 772 |
| FY2022 | 27 | $13.8M | $150K | 4 | $3.0M | 31 | 227 |
| FY2021 | 39 | $47.2M | $510K | 3 | $6.3M | 42 | 552 |
| FY2020 | 32 | $12.9M | $125K | 3 | $1.4M | 35 | 250 |
| FY2019 | 28 | $19.6M | $239K | 1 | — | 29 | 356 |
| FY2018 | 27 | $12.5M | $153K | 6 | $5.8M | 33 | 290 |
| FY2017 | 38 | $33.7M | $276K | 2 | — | 40 | 452 |
| FY2016 | 47 | $21.5M | $150K | 2 | — | 49 | 402 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 186 approvals.
Against South Carolina and the country
| FY2021–FY2025 | Richland County | South Carolina | United States |
|---|---|---|---|
| Approvals | 277 | 3,775 | 342,825 |
| Approvals per 1,000 establishments | 29.4 | 30.7 | 41.0 |
| Median 7(a) approval | $150K | $260K | $190K |
| Median 504 approval | $1.1M | $892K | $657K |
| Average approval | $624K | $666K | $573K |
| 504 share of approvals | 4.3% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 11.9 | 11.3 | 10.5 |
| Share of state approvals | 7.3% | 100.0% | — |
Approval sizes
- $50,000 or less26.7%74
- $50,001 to $150,00022.4%62
- $150,001 to $350,00014.8%41
- $350,001 to $1 million18.8%52
- $1 million to $2 million8.3%23
- Over $2 million9.0%25
Age of the businesses
- Existing, more than 2 years old48.0%133
- New business, 2 years or less19.9%55
- Startup, loan funds will open the business22.7%63
- Change of ownership9.4%26
Questions and answers
Which lenders make the most SBA loans in Richland County?
By approvals in FY2021 to FY2025: TD Bank, National Association (37), The Huntington National Bank (29), Wells Fargo Bank National Association (25), Live Oak Banking Company (15), Northeast Bank (14). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Richland County?
The median 7(a) approval was $150K and the median 504 approval $1.1M; the South Carolina 7(a) median was $260K.
Which industries get the most SBA loans in Richland County?
Restaurants and Other Eating Places (36); Other Specialty Trade Contractors (13); Offices of Other Health Practitioners (11); Traveler Accommodation (9); Personal Care Services (9).
Is SBA lending in Richland County rising?
Approvals in the three latest complete fiscal years total 204, against 108 in the three before: rising (+89%).
How does Richland County compare with the rest of South Carolina?
29.4 approvals per 1,000 establishments against 30.7 statewide, and 277 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