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County20th of 46 in South Carolina by approvalsFIPS 45085
SBA loans in Sumter 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 Sumter County, South Carolina, received 34 SBA loan approvals worth $42.9M in FY2021 to FY2025 (33 7(a), 1 504).
That is 18.5 approvals per 1,000 business establishments (1,833 establishments in 2023), below the South Carolina figure of 30.7 and below the national 41.0.
It ranks 20th of 46 South Carolina counties with approvals. In FY2025 there were 10.
22 lenders had approvals here; the most active were Wells Fargo Bank National Association (5), GBank (4) and The Huntington National Bank (4). The most common industry was traveler accommodation.
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 Sumter County
By number of approvals to businesses in the county, FY2021–FY2025; 22 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National AssociationSioux Falls, SD | 5 | $50K | 14.7% | |
| 2 | GBankLas Vegas, NV | 4 | $10.4M | 11.8% | |
| 3 | The Huntington National BankColumbus, OH | 4 | $1.9M | 11.8% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 2 | — | 5.9% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 2 | — | 5.9% | |
| 6 | Banesco USAMiami, FL | 1 | — | 2.9% | |
| 7 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.9% | |
| 8 | IncredibleBankWausau, WI | 1 | — | 2.9% | |
| 9 | Centerstone SBA Lending, Inc.Los Angeles, CA | 1 | — | 2.9% | |
| 10 | Appalachian Development CorporationGreenville, SC · CDC | 1 | — | 2.9% | |
| 11 | SouthState Bank, National AssociationWinter Haven, FL | 1 | — | 2.9% | |
| 12 | FinWise BankSandy, UT | 1 | — | 2.9% | |
| 13 | VelocitySBA, LLCIrving, TX | 1 | — | 2.9% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.9% | |
| 15 | PromiseOne BankDuluth, GA | 1 | — | 2.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 8 | 23.5% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 11.8% | |
| 3 | Lessors of Real EstateNAICS 5311 | 3 | 8.8% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 3 | 8.8% | |
| 5 | Clothing and Clothing Accessories RetailersNAICS 4581 | 2 | 5.9% | |
| 6 | Offices of DentistsNAICS 6212 | 1 | 2.9% | |
| 7 | Other Residential Care FacilitiesNAICS 6239 | 1 | 2.9% | |
| 8 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and MaintenanceNAICS 8113 | 1 | 2.9% | |
| 9 | Used Merchandise RetailersNAICS 4595 | 1 | 2.9% | |
| 10 | Home Health Care ServicesNAICS 6216 | 1 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 13 | 38.2% | |
| 2 | Professional, Scientific, and Technical Services | 4 | 11.8% | |
| 3 | Retail Trade | 4 | 11.8% | |
| 4 | Real Estate and Rental and Leasing | 3 | 8.8% | |
| 5 | Health Care and Social Assistance | 3 | 8.8% | |
| 6 | Other Services (except Public Administration) | 2 | 5.9% | |
| 7 | Manufacturing | 2 | 5.9% | |
| 8 | Transportation and Warehousing | 2 | 5.9% |
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* | 1 | — | — | 0 | — | 1 | 58 |
| FY2025 | 9 | $8.5M | $166K | 1 | — | 10 | 69 |
| FY2024 | 8 | $13.3M | $670K | 0 | — | 8 | 119 |
| FY2023 | 5 | $4.5M | $1.2M | 0 | — | 5 | 28 |
| FY2022 | 4 | $1.1M | $170K | 0 | — | 4 | 41 |
| FY2021 | 7 | $13.2M | $1.6M | 0 | — | 7 | 56 |
| FY2020 | 2 | — | — | 2 | — | 4 | 43 |
| FY2019 | 2 | — | — | 0 | — | 2 | 15 |
| FY2018 | 5 | $1.7M | $69K | 1 | — | 6 | 30 |
| FY2017 | 6 | $14.7M | $2.3M | 0 | — | 6 | 59 |
| FY2016 | 11 | $8.1M | $252K | 1 | — | 12 | 163 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 30 approvals.
Against South Carolina and the country
| FY2021–FY2025 | Sumter County | South Carolina | United States |
|---|---|---|---|
| Approvals | 34 | 3,775 | 342,825 |
| Approvals per 1,000 establishments | 18.5 | 30.7 | 41.0 |
| Median 7(a) approval | $500K | $260K | $190K |
| Median 504 approval | — | $892K | $657K |
| Average approval | $1.3M | $666K | $573K |
| 504 share of approvals | 2.9% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 9.2 | 11.3 | 10.5 |
| Share of state approvals | 0.9% | 100.0% | — |
Approval sizes
- $50,000 or less17.6%6
- $50,001 to $150,00017.6%6
- $150,001 to $350,0008.8%3
- $350,001 to $1 million11.8%4
- $1 million to $2 million17.6%6
- Over $2 million26.5%9
Age of the businesses
- Existing, more than 2 years old26.5%9
- New business, 2 years or less29.4%10
- Startup, loan funds will open the business14.7%5
- Change of ownership29.4%10
Questions and answers
Which lenders make the most SBA loans in Sumter County?
By approvals in FY2021 to FY2025: Wells Fargo Bank National Association (5), GBank (4), The Huntington National Bank (4), Live Oak Banking Company (2), BayFirst National Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sumter County?
The median 7(a) approval was $500K; the South Carolina 7(a) median was $260K.
Which industries get the most SBA loans in Sumter County?
Traveler Accommodation (8); Restaurants and Other Eating Places (4); Lessors of Real Estate (3); Management, Scientific, and Technical Consulting Services (3); Clothing and Clothing Accessories Retailers (2).
Is SBA lending in Sumter County rising?
Approvals in the three latest complete fiscal years total 23, against 15 in the three before: rising (+53%).
How does Sumter County compare with the rest of South Carolina?
18.5 approvals per 1,000 establishments against 30.7 statewide, and 34 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